Posted on 03/03/2010 3:22:28 PM PST by Syncro
SUBPRIME MORTGAGE CRISIS HITS WHOREHOUSES
March 3, 2010
It looks like Brooklyn District Attorney Charles Hynes is on track to win another endorsement from ACORN!
This week, Hynes announced that "no criminality has been found" after his investigation of the videotapes made by investigative journalists James O'Keefe and Hannah Giles, which show ACORN employees counseling the pair on getting a mortgage for a house of prostitution.
(They got a choice of government loans: Phat Fannie Mae, Prince Freddie Mac or Barney Fresh Daddy Frank ... aka "Sir Fix-A-Lot.")
I'm just glad to know that Hynes conducted a thorough "investigation" first. Who did he have screen the videotapes, Gov. Paterson?
If his investigators had actually watched the videotapes, they would have found ACORN employees apparently advising a pimp and prostitute on how to defraud mortgage lenders, deposit prostitution money in a bank, hide money from the government and avoid detection while running a whorehouse with teenage girls from El Salvador.
I'm not a lawyer -- oh, wait, yes, I am -- but I count approximately a half-dozen state law crimes being discussed on those tapes, from money laundering to advancing prostitution.
In a "Eureka" moment, ACORN Employee-of-the-Month Volda Albert identifies for O'Keefe and Giles the problem they had been having getting a mortgage:
Albert: Um, is it legalized? Is prostitution legalized in New York state?
O'Keefe: It's not. It's not, unfortunately.
Albert: Well see, that's your problem.
As ACORN employee Milagros Rivera said, "You can't say what you do for a living because of the law." But displaying ACORN's can-do attitude, she explained: "Honest is not going to get you a house."
ACORN employees helped concoct a scheme to hide from the lender the source of O'Keefe and Giles' down payment money. Albert suggested that O'Keefe "pay a down payment -- or (Giles) can transfer to somebody else, who is not in that business ... a close friend, then (Giles) can transfer that, and then he can give you, like, a gift to purchase."
Under New York law, hiding the true source of down payment money from a lender constitutes mortgage fraud. Also, using the proceeds of criminal conduct in any banking transaction is money laundering.
Does anybody need a flow chart at this point, or should I continue?
To help Giles hide her income from turning tricks, ACORN employee Albert advised Giles to open two banking accounts, depositing no more than $500 per week in each one. (This would not only enable her to conceal her illegal earnings, it would also qualify her for free checking.)
But Albert's most inspired idea was that Giles get a "house with a backyard. You get a tin can ... and bury (your money) down in there, and you put the money right in, and you put grass over it, and you don't tell a single soul but yourself where it is."
Back when I was in Louisiana, we advised people to put their illegal money in the freezer, but that didn't work out so well. And I guess putting your money in a mattress isn't advisable if you live in a whorehouse.
Read more at Ann Coulter.Com
I wonder if any of Albert’s neighbors started digging up her yard just in case?
The last line of the column is Ann being Ann. Explosive.
That last line is an example of why so many people hate her. She makes the truth too clear for comfort!
LOL!! One of Ann's better recent columns.
I’m wondering here. If the journalists....were by their own admission planning to committ a crime, why aren’t they being charged as well for a crime?
Seems under the circumstances, I too, would doubt that a crime was committed.
They uncovered Acorn. That was big enough.
Oh yea that line was FUNNY!
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