The FederalHousing Administration, moreover, had no hesitation about insuring mortgagesthat contained clauses barring future sales to non-white buyers, and it refused tochannel money into integrated neighborhoods. In some cases, the presence of asingle Black family led the agency to declare an entire block off-limits for federalmortgage insurance. Along with discriminatory practices by private banks andreal-estate companies, federal policy became a major factor in furtherentrenching housing segregation in the United States.

losing millions of dollars in risky investments promoted with get-rich-quick dazzle. The fourinvestment figures are clothed as the personification of greed