Process of Gutting the Community Reinvestment Act Gains Steam

Citizen Wealth Financial Justice Ideas and Issues

Little Rock       Any time the head of the American Bankers Association says that it’s a good thing that any part of the government is looking at rewriting and revising the 1977 Community Reinvestment Act, known popularly as the CRA, it’s very bad news for lower-income and racially diverse communities.  Sad, but true, that’s exactly the …

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More Evidence Emerging of the Big Banks Role in Mortgage Meltdown

Citizen Wealth Financial Justice Foreclosure

New Orleans      If there is anyone over the age of 10 years old that has any doubt that the pure and simple, unchecked greed of banks caused the mortgage meltdown triggering the Great Recession, please read, and listen carefully.   Information now coming out on the dealings between Morgan Stanley, the Wall Street behemoth that acted as …

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