Abstract

VILLARREAL, Magdalena. Endebted Mexicans in the Mortgage Crisis in California. Desacatos [online]. 2014, n.44, pp.19-34. ISSN 2448-5144.

In this paper we discuss how Mexican immigrants, seeking wealth for themselves and their families in the United States, got trapped into what has come to be branded as one of the origins of a world financial crisis. The analysis of their cases and the unfolding of the crisis allow us to examine the workings of frameworks within which people and institutions articulate social, cultural, racial and political factors to signify and weigh their financial options as well as those of others.

Keywords : mortgage crisis; subprime loans; indebtedness; social discrimination; frameworks of calculation.

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