Low - income and minority homeownership — which, in many instances, are one and the same — have both been adversely impacted by
the shrinking subprime mortgage market, which, prior to the crash, had allowed those with lacking credit to own a home.
The commercial paper
market, a vital conduit of financing for U.S. companies, has
shrunk dramatically in the past two weeks because of worries that assets in the ABCP collateral pool included tainted
subprime mortgages.