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Resource ID: #8305
Subject: Banks
Source: Village Voice (New York)
Date: 1991-04-30



Village Voice (New York) investigates the failure of Harlem's Freedom National Bank, a national symbol of African-American pride and economic power; finds that the bank, which was intended to be run by and for the Harlem community, became controlled by a small group of powerbrokers whose excessive risk-taking and incessant infighting eventually drove the bank into insolvency, April 30 & May 7, 1991.

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