The Black Informant | African American Commentary, News and Community Building

This one line from a previous post from the Congressional Black Caucus had me really thinking. So the CBC wants access to billions of dollars for among other things to provide low-interest loans. Has anyone stopped to ask WHO would be issuing these loans?

Here are the banks that financially support the Congressional Black Caucus Foundation.

Citi
Fannie Mae Corporation
Freddie Mac Corporation
Bank of America
JP Morgan Chase
Capital One
Washington Mutual (now Chase)

It is interesting that some of the same banks that were accused of taking advantage of Black folks during the housing bubble are the same institutions that will more than likely benefit from this move by the CBC.

Another thing: Since the CBC has just created a mini version of Obama Recovery Act for Blacks & Hispanics, will they also follow suit and create a website that tracks how the money is spent?

Next question: Would we even read it?