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Posts Tagged ‘Foreclosure’

Your Black News Headlines: 12/12/2008

December 12, 2008 Leave a comment

Repeal the Community Reinvestment Act: a Cancer on the American Economic System for Home Ownership

October 1, 2008 Leave a comment

By Syreeta L. McNeal, CPA, JD

Historian and writer James Truslow Adams coined the phrase “American Dream” in his 1931 book Epic of America:

“The American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.”[1]

Now we are in 2008 and I have been hearing many pundits, including Fox News Contributor Lamont Hill, state that home ownership should be a constitutional right for all American citizens, especially those underserved in America. So, is homeownership a constitutional right for all American citizens, including those who are underserved in America? In my opinion, the answer is a resounding NO. Here are my reasons stated below..:

Click To Find Out Why

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