..the CRA funnels billions of investment dollars through groups that understand protest and political advocacy but not marketing or finance.From WikipediaThis amateur delivery system for investment capital already shows signs that it may be going about its business unwisely.
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.
"Timely comments," the NCRC observed with a certain understatement, "can have a strong influence on a bank's CRA rating."