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NCRC Documents Trillions of CRA Dollars in Communities since 1977; CRA Commitments: 1977-2005
NCRC ^
| September 19, 2005
| NCRC
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 ...
TOPICS: Business/Economy; Government
KEYWORDS: cra
Check out the graph and how CRA commitments spike just before the housing crash. NCRC also has a similar chart going to 2007. These are people who FAVOR the act.
To: Johnny_Longtorso
Ugh I dont know if I dare to look.
2
posted on
05/16/2010 7:15:35 AM PDT
by
CPT Clay
(Pick up your weapon and follow me.)
To: Johnny_Longtorso
This is disgusting. As if the social programs weren’t enough.
3
posted on
05/16/2010 7:26:53 AM PDT
by
TheZMan
(Just secede and get it over with. No love lost on either side. Cya.)
To: Johnny_Longtorso
4
posted on
05/16/2010 7:41:14 AM PDT
by
TheVitaminPress
(as goes the Second Amendment . . . so goes the Constitution.)
To: Johnny_Longtorso
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.
5
posted on
05/16/2010 7:42:55 AM PDT
by
depressed in 06
(2012, the end of our long national nightmare.)
To: Johnny_Longtorso
6
posted on
05/16/2010 7:43:58 AM PDT
by
Jeff Chandler
(Judas Iscariot - the first social justice advocate. John 12:3-6)
To: depressed in 06
‘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?
7
posted on
05/16/2010 8:23:37 AM PDT
by
steveab
(When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
To: Johnny_Longtorso
Another successful program brought to you by Big Government.
8
posted on
05/16/2010 8:26:50 AM PDT
by
wjcsux
("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
To: steveab
Where did all the the money go? Community organizers and politicians.
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