Largest Black Bank Gets $55 Million Rescue

In today's link roundup: Carver Federal Savings Bank gets cash from investors. Plus: Is Cain the GOP's outsider within?

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Biggest black bank gets cash rescue: Carver Federal Savings Bank, the largest black-run bank in the U.S., overwhelmed by soured real estate loans, has received a $55 million cash rescue from Citigroup, Goldman Sachs, Morgan Stanley and other key investors. "This represents a significant shift from community ownership to corporate," said an investor who identified herself as Wimberly Edwards. "What's our future with all the outsiders whose interests may be different from ours?"

Doctor registers inmates to vote: Dr. Brenda Williams, a physician in Sumter, S.C., regularly visits the county jail to sign up inmates. She says it's important for them to become part of the community after they're released. She thinks this will make them less likely to end up back behind bars.

Cain: the GOP's outsider within? TruthDig's Marcia Alecia Dawkins writes that while Cain casts himself as an outsider (a black Main Street CEO who is ready to unleash true innovation and change upon Washington), he’s really more like an outsider within, since it was revealed recently that the candidate is proud to be on the Koch brothers' -- aka Americans for Prosperity -- bankroll.

Walmart donates to African-American museum: The company has donated $5 million to the Smithsonian Institution to support the construction of the National Museum of African American History and Culture in Washington, D.C.

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