Minority Home Ownership Moved Backwards: Ex-Fannie Mae CEO

The video discusses the sincerity of corporate America's efforts to improve diversity, especially at the top levels, and the challenges faced in making these changes permanent. It highlights the economic challenges, particularly for people of color, and suggests steps for corporations to reflect America's diversity. The role of government and internal pressures from employees and customers in driving change is examined. The video also addresses the historical and ongoing challenges in black homeownership and the potential privatization of Fannie Mae and Freddie Mac, emphasizing the need for these institutions to serve low to middle-income Americans effectively.

What is a key challenge in making permanent cultural changes in large corporations?

• Lack of financial resources

• Frequent changes in leadership

• Insufficient market demand

• Government regulations

Which of the following is NOT mentioned as a step to improve corporate diversity?

• Providing hope to minority employees

• Increasing product prices

• Enforcing employment laws

• Commitment to diversity

Who is likely to exert more pressure on companies to adopt diversity initiatives?

• Government agencies

• Internal constituencies

• International organizations

• Competitors

What is the impact of younger employees on corporate diversity initiatives?

• They have little influence

• They exert significant pressure

• They prefer traditional practices

• They focus on financial outcomes

What historical factor has contributed to the challenges in black homeownership?

• High interest rates

• Urbanization trends

• Discrimination by the Federal Housing Administration

• Lack of housing supply

What is suggested as a way to ensure companies like Fannie Mae and Freddie Mac serve the public effectively?

• Dissolving them completely

• Merging them into a single entity

• Privatizing them with private management

• Keeping them under government control

What analogy is used to describe the historical impact on African American wealth generation?

• A ticking clock

• A compound interest

• A rolling stone

• A rising tide