How the CBC Leverages Blackness to Work as a Tool for Wall Street

The Congressional Black Caucus is in Wall Street’s Pocket?

At Breaking Brown, Yvette Carnell reports on the disturbing findings that the CBC has been actively working against the interests of Black people

by Aaron Foley, June 2, 2014

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How the CBC Leverages Blackness to Work as a Tool for Wall Street

How the CBC Leverages Blackness to Work as a Tool for Wall Street

Breaking Brown's Yvette Carnell reports that the CBC's relationship with Wall Street actively works against Black interests and Black people.

For years in many Black political circles, there has been an ongoing discussion over the need for a firm that lobbies on behalf of Black interests. As it turns out, however, the Congressional Black Caucus has been producing effective lobbyists for decades, it’s just that they’re lobbying against the interest of Black people instead of in favor of those interests.

A bombshell Huffington Post report published last week details the sheer cravenness and hypocrisy of many CBC members. As the report thoroughly lays out, even though Wall St. systematically targets African-Americans with its mortgage fraud schemes, members of the CBC have been actively doing Wall Street’s bidding, even working to upend legislation intended to rein in the worst offenses of the greediest banks

 
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