90 Miles From Tyranny : Cloward-Piven - The Strategy Is Working...

Thursday, February 28, 2013

Cloward-Piven - The Strategy Is Working...


The Community Reinvestment Act signed by Jimmy Carter was inspired by Cloward-Piven. The CRA was the progenitor of the 2008 financial crisis.

(From Wikipedia, the free encyclopedia)
The Community Reinvestment Act (CRA, Pub.L. 95–128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5]

And Now Barack Obama is doing this again.  We are doomed.

No comments:

Post a Comment