More Frankness on Frank

SEE HERE Somehow extortion doesn't seem to count when it is Congress doing the extorting! Here's a snippet from Thomas Sowell, Part II on Congressman Barney Frank.

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The dirty little secret that few in the media seem to want to discuss is that community activists, including Jesse Jackson, have over the years extracted literally billions of dollars from financial institutions, as the price of peace and of not challenging these institutions in hearings before federal regulators, as these groups are empowered to do under the Community Reinvestment Act.

Much of this money has been extracted in the form of risky mortgage loans of the sort that have been at the center of the housing boom and bust, and its repercussions in financial markets and in the economy as a whole.

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