Posted on 11/19/2008 5:30:13 PM PST by Kaslin
Housing: For years, a self-described "bank terrorist" blackmailed banks into making bad home loans in our inner cities. Now those loans are defaulting by the millions, and he's blaming banks.
Last month, he and about 100 urban protesters stormed Fannie Mae's headquarters, demanding it stop foreclosures on subprime houses — the same homes his group pressured Fannie to fund.
As usual, the bullying tactics worked: Fannie Mae is now reviewing every foreclosure, while increasing the number of mortgages it restructures by lowering interest rates and extending loan terms to make payments more affordable. The government-backed firm guarantees some 30% of the nation's outstanding mortgages.
Marks founded Boston-based NACA last decade to fulfill his warped sense of the American dream. He thinks owning a home is a right, not a goal. And he thinks every American should have a house — even those who can't pay for one.
(Excerpt) Read more at ibdeditorials.com ...
Mob rule brought to you by community organizers, lawyers, CRA, Fannie & Freddie, socialism, Ayers, ACORN, etc. The MSM made one of these terrorists into a hero.
It essentially wiped out the global financial system. We are headed down Zimbabwe and venezuela’s path.
Thank churches like the Catholic church and others for donating parishoner’s money to terrorists like ACORN. Note I am not anti-Catholic or anti-christian but what are these churches thinking? American citizens especially older people have seen their life savings wiped out by this.
>He thinks owning a home is a right, not a goal. <
amazing.
Actually, the Soviet Union ‘guaranteed’ this as a right.
Of course, you had to get in line for it like everything else.
Rhetorical question::::
Why is Investors Business Daily the only place that we can learn about people and activities like this?
heh........ Marksism.
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