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|publisher=First Union Corporation (wachovia)}}</ref>

|publisher=First Union Corporation (wachovia)}}</ref>

Howard Husock wrote:<ref>[http://www.city-journal.org/html/10_1_the_trillion_dollar.html The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities], Howard Husock, ''City Journal'', Winter 2000</ref>  "The Clinton administration has turned the Community Reinvestment Act into ...a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion ... the evaluation process allowed advocacy groups a chance to express their views on individual banks"  to receive a favourable CRA rating. These community groups worked out individual agreements and commitments from the Fannie Mae-backed lenders. A radical group called ACORN Housing has a $760 million commitment from the Bank of New York; the Boston-based Neighborhood Assistance Corporation of America has a $3-billion agreement with the Bank of America; a coalition of groups headed by New Jersey Citizen Action has a five-year, $13-billion agreement with First Union Corporation, among a host of others.

Howard Husock wrote:<ref>[http://www.city-journal.org/html/10_1_the_trillion_dollar.html The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities], Howard Husock, ''City Journal'', Winter 2000</ref>  "The Clinton administration has turned the Community Reinvestment Act into ...a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion ... the evaluation process allowed advocacy groups a chance to express their views on individual banks"  to receive a favourable CRA rating. These community groups worked out individual agreements and commitments from the Fannie Mae-backed lenders. A radical group called ACORN Housing "has a $760 million commitment from the Bank of New York; the Boston-based Neighborhood Assistance Corporation of America has a $3-billion agreement with the Bank of America; a coalition of groups headed by New Jersey Citizen Action has a five-year, $13-billion agreement with First Union Corporation," among a host of others.

Clinton told Jim Lehrer in an interview on the PBS Newshour,<ref>[http://www.youtube.com/watch?v=WTZIB6Sika4 Bill Clinton,] PBS Newshour, January 21, 1998. youtube </ref> January 21, 1998,

Clinton told Jim Lehrer in an interview on the PBS Newshour,<ref>[http://www.youtube.com/watch?v=WTZIB6Sika4 Bill Clinton,] PBS Newshour, January 21, 1998. youtube </ref> January 21, 1998,