Subprime Scandal: Docs Reveal Democrats' Community Reinvestment Act Played Huge Role - Sovereign Nation

Barbara Jordan (1936 – 1996) was a leader of the Civil rights movement and later became the first Black woman elected to the United States House of Representatives. Among other notable achievements, Jordan introduced legislature to extend the state ratification deadline for the Equal Rights Amendment, and campaigned to include Native Americans, Latinos, and Asian-Americans when extending the Voting Rights Act of 1965, and supported the Community Reinvestment Act.

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CRA stands for Community Reinvestment Act, and the bonds it holds help banks (who buy their own shares of the CRA Qualified fund) fulfill the requirements that the act lays out.

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Community Mobilization and Credit: The Impact of Nonprofits and Social Capital on Community Reinvestment Act Lending†

Barbara Jordan, politician & a leader of the Civil Rights Movement. She was the 1st African American elected to the Texas Senate after Reconstruction & the 1st southern Black female elected to the US House of Representatives. She supported the Community Reinvestment Act, Workman's Compensation Act, & the renewal of the Voting Rights Act & its expansion to cover language minorities. She was a recipient of the Presidential Medal of Freedom. Actress Viola Davis will portray her in a biopic…

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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. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.

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In 2014, Sunrise received an “Outstanding” rating on our Community Reinvestment Act (CRA) regulator examination, demonstrating our dedication to meeting the credit needs of our entire community, including low-and-moderate-income neighborhoods.

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Democratizing Capital: The History, Law And Reform of the Community Reinvestment Act, by Richard Marsico

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FACTS DON'T LIE Liberals do! Especially the part about the Community Reinvestment Act's effect upon the economy

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