The fate of ShoreBank provides one of countless examples of the tragedies created by the conviction of members of the Clinton administration that financial deregulation and the tools of the New Economy provided a path to doing good. The institution’s demise also reveals the limits of relying on nonprofits for the solutions to larger problems of economic underdevelopment and to provide a social safety net. Even an organization as innovative and well connected as ShoreBank, with visionary and committed leaders like Ron Grzywinski and Mary Houghton, proved unable to eradicate the root causes of
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