My leftist opponents have labeled me a "stalker" for publicizing the public contact information of anti-war activists who ran military recruiters off their college campus -- and for researching, documenting and challenging the assets of a two-property, three-car-owning Democratic poster family held up as unassailable arguments for massive government health insurance expansions. Meanwhile, housing entitlement bully Bruce Marks gets citizen-of-the-year accolades while rolling in housing hustle dough.
You see, it's all about the money for Marks' group, which browbeats banks and lenders into billion-dollar deals to allow its left-wing activists to arrange mortgages for their high-risk constituents. NACA -- with dozens of offices across the country -- has a no down payment, no closing costs, low interest rate policy for low-income minority borrowers and takes a hefty fee for each transaction.
NACA loan applicants are then required to attend workshops glorifying the group's protest thuggery. Those whose loans are approved must then pledge to assist the group in five "actions" (like the one at Bear Stearns' headquarters) per year. When they're not clamoring for more homeowner funds and federal Community Reinvestment Act money, they're bombarding the feds with regulatory complaints to halt any planned bank mergers or expansions.
Those radical actions have yielded a windfall as fearful corporations fork over money to preempt Marks' extortionist mau-mau-ing. In 2003, Citigroup coughed up $3 billion in mortgage loans to NACA through 2013. Bank of America, which first partnered with (succumbed to) NACA in 1995, handed over $6 billion through 2015.
Let me repeat the threat he issued at the Bear Stearns protest last week: "We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed." If any prominent liberals have criticized Marks' tactics, I haven't heard them. Have you?
Lesson learned: Screaming "racist" pays.
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