CRA — Carters Red Agenda.
Tea Parties need to start marching on ACORN offices and any other corrupted organizations connected to helping the Democratic or Republican party.
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On Capitol Hill today the House Committee on Financial Services under Chairman Barney Frank is holding hearings on legislation supported by the Obama administration that would bring insurance companies and credit unions under the umbrella of CRA, placing new lending demands on these groups and opening them up to protests and pressure tactics by organizations like Acorn. ... So now we have, rather than a diminished CRA, legislation in Washington which would find new sources of funding for community groups in the form of credit unions and insurance companies. And the new legislation takes CRA well beyond the mortgage market and into small business lending, requiring financial institutions to begin keeping records on the race and gender of owners of firms who apply for loans. If form follows, soon banks and other financial institutions operating under CRA will be cudgeled into lending to small businesses based on race and gender, which will be the opening of a new round of lower lending standards in the very risky small business sector.
Cloward Piven!!
More ACORN tapes coming out next week...