Skip to comments.NCRC Documents Trillions of CRA Dollars in Communities since 1977; CRA Commitments: 1977-2005
Posted on 05/16/2010 7:08:16 AM PDT by Johnny_Longtorso
In this report on Community Reinvestment Act (CRA) agreements, the National Community Reinvestment Coalition (NCRC) finds that $4.2 trillion dollars have been infused into minority and lower income neighborhoods since CRA passed in 1977. Banks have committed to 430 CRA agreements, instituting multi-year programs covering loans, investments and banking services to communities in need....
(Excerpt) Read more at communityinvestmentnetwork.org ...
Ugh I dont know if I dare to look.
This is disgusting. As if the social programs weren’t enough.
What is the return on investment?
I assume the answer is none, so, it is not an investment but a handout. Legal thuggery and robbery.
‘I assume the answer is none, so, it is not an investment but a handout. Legal thuggery and robbery.’
No. This is Money Laundering.
Where did all the the money go?
Another successful program brought to you by Big Government.
Community organizers and politicians.
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