[pnh102]

Of course the banks had no problems doing this when home prices were climing and many could just wait for the deadbeat borrower to default and then resell the house for a higher price to the next deadbeat.

Banks could have easily lobbied for and received protections from organizations like ACORN if they really wanted to, but they chose not to do this. Of course, now we are left holding the bag because the same banks that wanted to ride the tide of increasing home values were able to get us to cover their losses when things crashed.

So basically, while ACORN is a criminal entity and should be prosecuted as such, the banks clearly are not saints either.

[2ndDivisionVet]

Ever worked in mortgage banking? I didn’t think so.