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Sleeping with the enemy.

Publication: Business North Carolina
Publication Date: 01-OCT-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Sleeping with the enemy.(CAPITALGOODS)

Article Excerpt
So much for government not negotiating with terrorists. A decade ago, Bruce Marks billed himself a "bank terrorist," and he hasn't backed away from the label. "We have to terrorize these bankers," he recently told The Wall Street Journal. So negotiations between the N.C. Department of Commerce and his Boston-based nonprofit might seem odd--until you realize that lots of jobs were at stake.

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In June, his Neighborhood Assistance Corporation of America agreed to invest $4 million and bring about 1,000 jobs to Charlotte--Tar Heel banking's ground zero--in five years. The nonprofit, which makes affordable home loans to poor people, is hiring loan counselors, mortgage negotiators, call-center managers and customer-service representatives....

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