Nasty NACA: The Housing Shakedowns Continue

Alex Adrianson / May 20, 2009

Like the more infamous ACORN, the Neighborhood Assistance Corp. of America is another leftist group waging war on free enterprise while filling its own coffers by using shakedown tactics. NACA variously accuses banks of engaging in predatory subprime lending or ignoring the needs of low-income communities. And the group likes to get nasty. A profile of the group in today’s Wall Street Journal notes that the group

… salts its Web site with photos of executives it accuses of standing in the way of helping homeowners – emblazoning “Predator” across their photos, picturing their homes and sometimes including home phone numbers. In February, NACA, as it’s called, protested at the home of a mortgage investor by scattering furniture on his lawn, to give him a taste of what it feels like to be evicted.

In the 1990s, [the group’s founder and CEO] Mr. [Bruce] Marks leaked details of a banker’s divorce to the 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. (more…)