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To: coffee260
From the essay:
..the CRA funnels billions of investment dollars through groups that understand protest and political advocacy but not marketing or finance.

This amateur delivery system for investment capital already shows signs that it may be going about its business unwisely.

From Wikipedia
Community development seeks to empower individuals and groups of people by providing these groups with the skills they need to effect change in their own communities. These skills are often concentrated around building political power through the formation of large social groups working for a common agenda.
One BIG cash cow. Obama and his Chicago cronies knew how to milk it.
20 posted on 09/20/2008 6:29:48 AM PDT by syriacus (Calling humans "pigs" is second-nature for anti-war radicals, Black Panthers + radical Islamists.)
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To: syriacus
But for advocacy groups that were in the complaint business, the Clinton administration regulations offered a formal invitation.

"Timely comments," the NCRC observed with a certain understatement, "can have a strong influence on a bank's CRA rating."

22 posted on 09/20/2008 6:32:49 AM PDT by syriacus (Calling humans "pigs" is second-nature for anti-war radicals, Black Panthers + radical Islamists.)
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