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Top 10 Mehrsa Baradaran Quotes (2025 Update)

Mehrsa Baradaran Quote: “In fact, the average unbanked family with an annual income of around $25,000 spends about $2,400 per year, almost 10 percent of its income, on financial transactions.”

1. “In fact, the average unbanked family with an annual income of around $25,000 spends about $2,400 per year, almost 10 percent of its income, on financial transactions.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “For black families, each dollar creates only sixty-nine cents in total wealth.25 This is why the wealth gap between blacks and whites can continue to grow even when de jure discrimination ended decades ago.”

2. “For black families, each dollar creates only sixty-nine cents in total wealth.25 This is why the wealth gap between blacks and whites can continue to grow even when de jure discrimination ended decades ago.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Instead of working to break down the walls of segregation and the poverty trap they had created, the ghetto would be sent entrepreneurs.”

3. “Instead of working to break down the walls of segregation and the poverty trap they had created, the ghetto would be sent entrepreneurs.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Even with the bundling and splitting of tranches, Wall Street needed more mortgage borrowers, so it created the subprime market. These were loans to borrowers who did not meet the underwriting standards set forth by the GSEs, or “prime” loans. Subprime borrowers were riskier borrowers, either because they had fewer assets, lower credit score, or lower incomes. But in finance, higher risk is rewarded with higher yield, so mortgage brokers made even higher premiums from subprime loans.”

4. “Even with the bundling and splitting of tranches, Wall Street needed more mortgage borrowers, so it created the subprime market. These were loans to borrowers who did not meet the underwriting standards set forth by the GSEs, or “prime” loans. Subprime borrowers were riskier borrowers, either because they had fewer assets, lower credit score, or lower incomes. But in finance, higher risk is rewarded with higher yield, so mortgage brokers made even higher premiums from subprime loans.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “It is worth distilling this message in order to fully appreciate the irony. The story was that after decades of New Deal–era federal subsidies had created a white middle class, reinforced a segregated black underclass, and created cyclic poverty that made it difficult for many to find shelter and food without government aid, it was black people who were being unjustly enriched by the overly generous hand of the state.”

5. “It is worth distilling this message in order to fully appreciate the irony. The story was that after decades of New Deal–era federal subsidies had created a white middle class, reinforced a segregated black underclass, and created cyclic poverty that made it difficult for many to find shelter and food without government aid, it was black people who were being unjustly enriched by the overly generous hand of the state.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Ultimately, the FHA was an empty promise. The act allowed the country to publicly denounce segregation while never actually pursuing integration.”

6. “Ultimately, the FHA was an empty promise. The act allowed the country to publicly denounce segregation while never actually pursuing integration.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Most significantly, the act exempted credit unions from the Community Reinvestment Act, an act aimed at providing banking access to low-income individuals.54 The exemption resulted directly from credit union lobbying. To repeat, the credit union industry, created to serve the poor, now fought against a law requiring it to serve the poor.”

7. “Most significantly, the act exempted credit unions from the Community Reinvestment Act, an act aimed at providing banking access to low-income individuals.54 The exemption resulted directly from credit union lobbying. To repeat, the credit union industry, created to serve the poor, now fought against a law requiring it to serve the poor.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “We might want to apply the following short litmus tests to any policy proposal: does the program require some collective sacrifice or does it place the burden of closing the wealth gap entirely on the black community? If the latter, this is a cop-out that refuses to acknowledge that the black community did not create the problem in the first place.”

8. “We might want to apply the following short litmus tests to any policy proposal: does the program require some collective sacrifice or does it place the burden of closing the wealth gap entirely on the black community? If the latter, this is a cop-out that refuses to acknowledge that the black community did not create the problem in the first place.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “W. E. B Du Bois declared in 1948 that the problem of American democracy was that “we have not tried it.”20 Perhaps it is time to try.”

9. “W. E. B Du Bois declared in 1948 that the problem of American democracy was that “we have not tried it.”20 Perhaps it is time to try.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Lifting people out of poverty can have trickle-up economic effects and raise all boats.”

10. “Lifting people out of poverty can have trickle-up economic effects and raise all boats.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Then, as now, the public must be convinced that their own interests are aligned with the advancement of racial minorities or that they will not suffer when others are promoted.”

11. “Then, as now, the public must be convinced that their own interests are aligned with the advancement of racial minorities or that they will not suffer when others are promoted.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Advocates of libertarianism and neoliberalism claimed to want more liberty for individuals and a smaller government, but in reality they only wanted less government for the wealthy and the white.”

12. “Advocates of libertarianism and neoliberalism claimed to want more liberty for individuals and a smaller government, but in reality they only wanted less government for the wealthy and the white.”

— Mehrsa Baradaran

Mehrsa Baradaran Quote: “Alexis de Tocqueville, who came to marvel at America’s democracy, was shocked at the level of racial prejudice he observed in the North. “The prejudice of race,” he wrote, “appears to be stronger in the states that have abolished slavery than in those where it still exists; and nowhere is it so intolerant as in those states where servitude has never been known.”10.”

13. “Alexis de Tocqueville, who came to marvel at America’s democracy, was shocked at the level of racial prejudice he observed in the North. “The prejudice of race,” he wrote, “appears to be stronger in the states that have abolished slavery than in those where it still exists; and nowhere is it so intolerant as in those states where servitude has never been known.”10.”

— Mehrsa Baradaran

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