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DENVER - A member of Patriotic Millionaires, a group that counts Warren Buffett, Bill Gates Sr., and chief executives of Fortune 500 companies among...
As Washington policymakers screamed bloody murder last month over bonus payments for a few hundred AIG employees, another much larger scandal went virtually unnoticed on Capitol Hill: The divide between the wealth of blacks and whites — already gaping — grew again. Now, as Congress prepares to consider a series of consumer-friendly finance reforms, some minority advocates, researchers and lawmakers are pointing to that startling trend as another reason the reforms are urgently needed.