AKA, let’s burn down the economy all over again!
The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for AmericaÃ?Â¢??s working families.[/quote]
Something tells me my working family won’t be a beneficiary.
Isn’t ‘vibrant’ an MSM code-word for “crime-plagued”?
Edit: Whoops, forgot to include the link to Barney Frank’s push for more CRA on the Hill:
Uh, it’s not arguable at all.
Didn’t we just have 8 years of the opposite of redlining, euphemistically called “predatory lending”? How’d that work for us?
Now, this is a credit expansion that will surely cause inflation. And once mortgage/small business loan defaults start happening, we’ll be worse off than we are now.