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How ACORN Helped The Housing Crisis Harm Taxpayers
The Virginian ^ | 9/27/2008 | Moneyrunner

Posted on 09/27/2008 5:45:51 AM PDT by moneyrunner

The financial panic currently threatening global credit markets has at its heart bad mortgages. Mortgages that those who took them out cannot pay. From Washington, fingers have been pointed to greedy bankers, fat cats on Wall Street, and other handy scapegoats.

The truth is that the root cause of the mortgage mess is found in Washington and with organizations like ACORN which have long pushed and used extortion tactics to force banks to make bad loans. All the while, collecting millions of dollars in grants and “donations” from banks that paid them protection money.

“ Documents provided by internal whistleblowers, cross-checked with public records and recorded events, expose hypocritical lending recommendations tied to ACORN Housing Corporation’s agreements with major banks— agreements that end up harming consumers.“

In February 2008, economics professor Stan Liebowitz of the University of Texas at Dallas suggested:

(Excerpt) Read more at moneyrunner.blogspot.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 2008; acorn; bailout; democrats; economy; finance; financialcrisis; housingbubble; nobama08; obama
Oh, did I mention Obama's relations to ACORN?
1 posted on 09/27/2008 5:45:51 AM PDT by moneyrunner
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To: moneyrunner
WHAT CAUSED THE ECONOMIC CRISIS
Now we know what a community organizer does

2 posted on 09/27/2008 5:48:32 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: Jeff Head

Yeah he was their lawyer.


3 posted on 09/27/2008 5:57:09 AM PDT by scooby321 (Cai)
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To: moneyrunner; Jeff Head

We have no hope of stopping the criminals in this election, do we?

And no fired up talk is going to make any difference at all.

No law enforcement agencies are up to stopping the massive crimes that have been committed and continue every day as long as Acorn continues its massive vote fraud efforts every day while the economic meltdown destroys the life savings and with it many lives of millions in this country.

Sorry for the doom and gloom - but apart from God’s mighty intervention to defeat the forces of evil which are loose in this land - and growing mightily - we really have lost this nation....as it was founded....a Free Republic.

It’s over.


4 posted on 09/27/2008 6:03:00 AM PDT by Freedom'sWorthIt (DEFUND NPR - National Propaganda Radio for the Leftists/Communists/Socialists)
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To: Freedom'sWorthIt
apart from God’s mighty intervention to defeat the forces of evil

With our hard work and efforts and faith...we can never count that part out.

It was true in the founding of this Free Republic. No one said it better than Patrick Henry:

"Besides, sir, we shall not fight our battles alone. There is a just God who presides over the destinies of nations, and who will raise up friends to fight our battles for us. The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave. "

That basic truth still holds and is just as pertinent today as it was 230+ years ago.

SARAH PALIN herself, IMHO, is one example of a friend raised up and brought forth to help. There are and will be others. We just need not lose faith, irrespective of this outcome.

II Chron 7:14

5 posted on 09/27/2008 6:11:30 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: moneyrunner
And the circle closes with the fact that the current Democrat version of the Bail-Out allocates 20% of the profits (there might be profits when the mortgages are sold) to an umbrella "civic" organization. And who has received government largess from that organization in the past?

Why it is a pair of racist organizations, La Raza Unida (Mexican) and ACORN (African-American). Democrats simply have no shame. They'll steal your money right in front of God and everybody.

Congressman Billybob

The Declaration, the Constitution, parts of the Federalist, and America's Owner's Manual, here.

Latest article, "All's Foul in Love and Politics"

6 posted on 09/27/2008 6:20:37 AM PDT by Congressman Billybob (www.theacru.org)
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To: Jeff Head
A-Association, C-COMMUNITY, O-ORGANIZATIONS, R-Reform, N-Now

Community Organizer. Now we know what a "community organizer" does.

How many members of Obama's and Wright's church had these nice, convenient loans?

7 posted on 09/27/2008 6:23:44 AM PDT by Conservativegreatgrandma
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To: Conservativegreatgrandma

NOW WE KNOW WHAT A COMMUNITY ORGANIZER DOES

8 posted on 09/27/2008 6:25:09 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: Jeff Head

Thank you - appreciate it very much.

No, I have not lost faith our good God. I know that He will see us through the hard times ahead....I know that His love and His mercy will never fail us.

But I see evil afoot - and not enough in this country who care to resist it.

With the economic underpinnings being torn out there will not be many who have any “fight” left....anyway.

We are ripe for destruction....

I see national repentance and returning to the God who birthed this nation as our only hope....but terrible suffering until then.


9 posted on 09/27/2008 6:30:15 AM PDT by Freedom'sWorthIt (DEFUND NPR - National Propaganda Radio for the Leftists/Communists/Socialists)
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To: Jeff Head
Thanks, Jeff, this is great work. Everyone needs to know the truth about "community organizers".

That phony, bolognie Osama almost sounded like a conservative last night. BTW, did you know he has a bracelet, too.

10 posted on 09/27/2008 6:45:55 AM PDT by Conservativegreatgrandma
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To: moneyrunner
  Under the guise of "consumer advocacy," ACORN has received money from the Department of Housing and Urban Development. HUD funds hundreds, if not thousands, of left-wing "anti-poverty" groups across the country led by ACORN.

  This is huge and the Democrats want more - a lot more!

   This week, GOP Reps. Tom Feeney, Jeb Hensarling and Ed Royce called on Democrat Barney Frank, chair of the House Financial Services Committee, to convene a hearing to probe potential illegalities and abuse of taxpayer funds by ACORN's management and minions alike.

  At least Republicans are beginning to use the word ACORN. This should be a huge election issue.
11 posted on 09/27/2008 7:12:03 AM PDT by Maurice Tift (You can't stop the signal, Mal. You can never stop the signal.)
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To: Maurice Tift

12 posted on 09/27/2008 11:56:21 AM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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