Why New Orleans Black Residents are still underwater after Hurricane Katrina, New York Times Magazine interviews Alden McDonald, Liberty Bank President

Liberty Bank went from the 6th largest Black bank Pre-Katrina to the THIRD largest bank Post Katrina.  Read this article that is most inspiring and honest.  McDonald says that while much of New Orleans thrived, he saw little hope of a better future for many of his customers. ‘‘The poor will stay poor and the middle class can never get ahead,’’ he said, revealing a rare flash of anger. He paused and added a phrase I don’t imagine he has used many times in his life: ‘‘And I don’t have the solution.’’

Gary Rivlin is a former New York Times reporter and the author of six books, most recently ‘‘Katrina: After the Flood,’’ from which his article in this week’s issue is adapted.

 

Rivlin, Gary.  "Why New Orleans's Black Residents Are Still Underwater After Katrina." The New York Times Magazine. August 18, 2015: Online.   Rivlin, Gary.  "Why New Orleans's Black Residents Are Still Underwater After Katrina." The New York Times Magazine. August 18, 2015: excerpt from August 23, 2015:  MM40. Print.  

Rivlin, Gary.  "Why New Orleans's Black Residents Are Still Underwater After Katrina." The New York Times Magazine. August 18, 2015: Online.  

Rivlin, Gary.  "Why New Orleans's Black Residents Are Still Underwater After Katrina." The New York Times Magazine. August 18, 2015: excerpt from August 23, 2015:  MM40. Print.