Subprime Mortgage Meltdown Renews Urban Blight

There is no shortage of regret over the failure of regulators and the Bush administration to heed the warning signs about the extent of the subprime housing crisis.

A new regret is on the horizon: The failure to take action to prevent the descent into disrepair, economic distress and crime of revitalized urban neighborhoods across the nation.

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This article was originally published in Bloomberg.