By Charles W. Calomiris and Stephen H. Haber
National Review Online
February 4, 2014
Leftist activists, with lawmakers’ support, worked with megabanks to lower lending standards for all.
According to CNN, Bruce Marks is “a crusader who has become a fierce advocate for struggling homeowners.” As executive director of the Neighborhood Assistance Corporation of America (NACA), Marks has been campaigning to protect homeowners in arrears with their mortgages from foreclosures. Marks told a CNN reporter, “These mortgages of the last ten years were structured to fail.”
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