February 4, 2009

Bank Of America's TRILLION Dollar Community Reinvestment Act Pledge

By Steve Sailer on February 4, 2009 at 11:16pm

WaMu's $375 billion in Community Reinvestment Act loans was for pikers! A reader writes:

Here is a direct quote from a full-page ad placed by Bank of America in today's (2/4/09) WSJ under the heading "Bank of America's Promise to America:"

"We began a 10-year, $1.5 trillion investment in low-to-moderate income and minority communities -- the largest investment of its kind in America."

Indian Engineer Pleads Innocent to Fannie Mae Attack

By Randall Burns on February 4, 2009 at 4:31pm

Gregg Keizer writes at Computerworld:

A How-To Guide To Being A Community Reinvestment Act Shake-Down Artist

By Steve Sailer on February 4, 2009 at 2:14pm

The Community Reinvestment Act, which authorizes the four federal bank regulators to veto a bank's plan to buy another bank if it's not lending or giving enough money to the right kind of people, is one of those things that sounds too boring to worry about. But, at least 600 outfits of "community organizers" find it fascinating (and lucrative) enough to belong to theÂ National Community Reinvestment Coalition.

Steele perhaps...but no substance?

By Patrick Cleburne on February 4, 2009 at 2:30am

Since Michael Steele, the Professional Black just hired on as Republican National Committee Hand/Chairman has not disclosed any income tax issues (has he been asked?) he has not attracted much MSM attention this week.

VDARE.com, however, has not forgotten him.

The Truth About Unemployment—Why A Moratorium Is Necessary

By Peter Brimelow on February 4, 2009

Help VDARE.COM help America's Unemployed—Even If DC Dems, GOP, MSM, Won't

Peter Brimelow writes: Today's unemployment numbers showed an unexpected slight decline—unexpected unless you've been in this field a long time, and know how volatile (and inaccurate) month-to