We have a very deep concern about the destruction of the neighborhood fiber and strength. You mentioned banking. In this bill that I signed last week, which is now being put into effect by Housing and Urban Development, there is a tight constraint that will prevent the red-lining practices that have been implemented before. This was an amendment placed on the bill by Senator Proxmire. And I believe that that, combined with a voluntary effort to bring in the State and local governments, the Federal Government, and the private business leaders in a community, is the best way to stop a neighborhood deterioration. Here in Detroit, for instance, there's a superb example of that, where the downtown area is being rebuilt with local, State, and Federal funds, yes, but also with the support of neighborhood groups and also the support of the local banking and other leaders.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "We have a very deep concern about the destruction of the neighborhood fiber and strength. You mentioned banking. In this bill that I signed last week, which is now being put into effect by Housing and Urban Development, there is a tight constraint that will prevent the red-lining practices that have been implemented before. This was an amendment placed on the bill by Senator Proxmire. And I believe that that, combined with a voluntary effort to bring in the State and local governments, the Federal Government, and the private business leaders in a community, is the best way to stop a neighborhood deterioration. Here in Detroit, for instance, there's a superb example of that, where the downtown area is being rebuilt with local, State, and Federal funds, yes, but also with the support of neighborhood groups and also the support of the local banking and other leaders." in the context of "" to mean that wisdom is timeless.