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1 of 1 people found the following review helpful:
5.0 out of 5 stars
Ray of hope in the current climate of "big bad banks",
This review is from: Community Capitalism: The South Shore Bank's Strategy for Neighborhood Revitalization (Paperback)
This is a great "blow by blow" detail of the rise of America's oldest and largest "community development bank," which took an early and activist stand against the practice of racial "red-lining" and for the Community Reinvestment Act. The Bank also served as the model for the Community Development Financial Institution Act of the Clinton Administration, which sought to replicate the premise of community-based financial institutions as a tool for reinvesting in struggling and/or marginalized communities. The honest account of the successes as well as the failures of the SouthShore Bank (now just ShoreBank), is a must read for any serious student of community development, or concerned citizen seeking a more grounded understanding of the true nature of the current financial crisis and one possible path to recovery.
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Community Capitalism: Banking Strategies and Economic Development by Richard P. Taub (Hardcover - January 1, 2000)
Used & New from: $2.06
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