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“How banks were bullied into making bad loans”
‘Community activists’ used pressure tactics to secure high-risk mortgages
Posted: April 05, 2009, 7:11 pm Eastern
© 2009 WorldNetDaily
http://www.wnd.com/index.php?fa=PAGE.view&pageId=94031
WASHINGTON – Using tools provided by the federal Community Reinvestment Act, community organizers led by a self-described “banking terrorist” applied bullying tactics to secure high-risk mortgages and to shake down lending institutions [...]
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I received an email the other day with this rational. Of course it won’t work, but its still nice to think about it.
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Consumers need to ensure that their mortgage loans, personal loans, and investments are all safe at their current banking institutions…
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