While the NC House was busy raising your taxes by $780 million, Governor Bev Perdue was in Charlotte yesterday, giving a $1 million grant from the One North Carolina Fund to a group called the Neighborhood Assistance Corporation of America (NACA).
The NACA, while billing itself as "a nationwide nonprofit, community advocacy and home ownership organization" has been likened by many as a group similar to ACORN. NACA's President Bruce Marks proudly calls himself a "bank terrorist" and has restorted to tactics such as protesting bank president's children at their schools.
Basically, NACA blackmails makes agreements with banks to offer low-interest loans to people who usually wouldn't qualify for loans. His tactics have been profiled in the Wall Street Journal:
press and organized a protest at the school of another banker's child.
He says he would use such tactics again. "We have to terrorize these
bankers," Mr. Marks says.
Now, instead of bullying banks into making bad loans, he leads his group to bully banks into stopping foreclosures on people who can't pay their mortgages.
One has to question why Gov. Perdue would pay to locate a "bank terrorist" in Charlotte when the city is attempting to rebuild its banking industry since the loss of Wachovia.
These tactics smack of desperation and shows she will basically do anything to grab a headline to show she's doing something about the economy. Unfortunately, this group is the wrong type of organization we should be bringing to our state.