Main St. and $200 Billion Dollar Sovereign Wealth Fund Investments in Homeownership

Robert Gnaizda
General Counsel
510-926-4006 office
robertg@greenlining.org

Preeti Vissa
Community Reinvestment
510-926-4022 office
preetiv@greenlining.org

Berkeley, CA – Today, in response to the strong opposition from Main St. and the heavy Congressional criticism of the $700 billion dollar bailout, Greenlining Institute has proposed to the Secretary of the Treasury and the federal banking regulators an alternative or supplement to any future bailout. The proposal entitled the “$200 Billion Dollar Sovereign Wealth Fund Investment in Homeownership” could be headed by the two most respected Americans knowledgeable about housing and investments, Sheila Bair the Chair of the FDIC (listed by Forbes magazine as the most powerful woman in the United States) and Warren Buffet, the world’s most respected investor. Continue reading “Main St. and $200 Billion Dollar Sovereign Wealth Fund Investments in Homeownership”