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Friday, September 04, 2009

Pulliam: A Thief Steals Dreams Of Home

[ht: Kevin B...]


Russ Pulliam, IndyStar

Imagine someone robbing Mother Teresa -- taking money she'd use to feed the hungry. Something like that has happened to Pittsburgh banker Robert R. Lavelle and his family business.

Bank regulators shut his Dwelling House Savings and Loan and sold the assets to the large PNC regional bank. That decision ended a more than 50-year history of providing discounted loans that enabled low-income families to buy homes in the predominantly African-American Hill District of Pittsburgh.

[continued at IndyStar.com]

posted by IndyChristian @ 11:43 AM

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