Daily Archives: September 30, 2008

The Shakedown

“Money Shakedown”
Image courtesy of http://www.thefreedomfactory.us/articles/news/opinions/.

Howard Husock at City Journal wrote a fascinating article on the Community Reinvestment Act in 2000.    The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities.  This provides fascinating insight into the manner in which the Community Reinvestment Act has affected, politics, banks, the economy, government, neighborhoods, community organizers, and families.  Incredibly, it gives insight into the current economic meltdown.  Well worth the read.  Continue reading