Posted on 01/17/2010 11:49:23 AM PST by NoRedTape
Martha Coakley ballyhoos the fact that she earned an “A+” from ACORN. Ironically, this perfect grade was awarded for “responding to the foreclosure crisis.” No single non-governmental entity is more responsible for the real estate meltdown than ACORN.
Coakley’s press release goes on to detail various prosecutions of shady subprime operators but, of course, there is not a word about any investigation or prosecution of ACORN.
ACORN’s role in the residential mortgage crisis, much of it driven by subprime lending, is no mystery. Starting in the Seventies, ACORN saw the big banks as shakedown targets. ACORN screamed “racism.” It accused mortgage lenders of “redlining,” or denying credit to borrowers in certain areas. It picketed the homes of bank directors in leafy suburbs.
A way out was offered to the banks. They could make contributions to ACORN and/or they could “invest” in ACORN Housing, which made loans to “underserved” borrowers.
(Excerpt) Read more at nlpc.org ...
....Like pimps and hookers in halloween attire?
ACORN needs to fold up its tents based on proper public scrutiny. For Good.
LOL! An A+ from ACORN! I hope this gets broadcast far and wide to the Independents in Mass.
Where’s the “Captain Obvious” pic for this “startling discovery”?????
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