More on the founders of the Center for Responsible Lending…

A National Review article looks at the financial donations by Herb and Marion Sandler…

Topping all these groups, however, is the Center for Responsible Lending. Through the middle of last year, the Sandler Foundation had given nearly $20 million to the CRL, whose idea of “responsible lending” does not include loans that make economic sense for banks and their investors, but rather loans that fulfill the Left’s notion of social justice. The CRL is a professional grievance organization that concentrates on accusations of racial redlining. In recent weeks, its main project has been to defend the Community Reinvestment Act, which encouraged subprime lending, against charges that it played any role in Wall Street’s financial crisis. “These are the very people who have destroyed the American credit system,” says Jerry Bowyer, the chief economist at BenchMark Financial Network

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