Posted on 10/14/2009 1:03:18 PM PDT by Halfmanhalfamazing
CONGRESSWOMAN BACHMANN: And we're breaking this story on your radio show is that one way the banks could satisfy their requirement under the Community Reinvestment Act is they could partner with ACORN. So a bank could either make a cash donation to ACORN, they could give equipment donations or they could work with ACORN to provide these loans to people who are poor credit risks.
Link?
Here you have the federal government demanding that banks lower their lending standards. And as a threat to these banks the federal government says we're putting you out of business unless you make these bad loans. But one way you can satisfy your Community Reinvestment Act rating, because you have to get a certain score, one way you could satisfy your score, give money to ACORN.
Link?
CONGRESSWOMAN BACHMANN: The biggest trick is going to be played on the American people. When the clock strikes midnight, Glenn, on October 31st, the spigot turns back on for federal money flowing to ACORN. They were only defunded to this month.
Link?
CONGRESSWOMAN BACHMANN: Oh, no, that's true. An, an economist from Arizona State University has calculated that since the inception of bailout nation, we have seen the federal government own or control 30% of private business profits.
Link?
Now mind you, I don't want anybody around here to misunderstand. MB is awesome. So awesome. She's bringing this info to us. We need more people like her and Beck to help protect our liberties.
I'm just doing this because we need to get the word out and having multiple links at our disposal is a great way to accomplish that. I'm hoping that other conservative media outlets will pick up on all of this and help expose it.
Jet, check out these four items:
1: CONGRESSWOMAN BACHMANN: And we’re breaking this story on your radio show is that one way the banks could satisfy their requirement under the Community Reinvestment Act is they could partner with ACORN. So a bank could either make a cash donation to ACORN, they could give equipment donations or they could work with ACORN to provide these loans to people who are poor credit risks.
2: Here you have the federal government demanding that banks lower their lending standards. And as a threat to these banks the federal government says we’re putting you out of business unless you make these bad loans. But one way you can satisfy your Community Reinvestment Act rating, because you have to get a certain score, one way you could satisfy your score, give money to ACORN.
3: CONGRESSWOMAN BACHMANN: The biggest trick is going to be played on the American people. When the clock strikes midnight, Glenn, on October 31st, the spigot turns back on for federal money flowing to ACORN. They were only defunded to this month.
4: CONGRESSWOMAN BACHMANN: Oh, no, that’s true. An, an economist from Arizona State University has calculated that since the inception of bailout nation, we have seen the federal government own or control 30% of private business profits.
She should run with Palin. They make a perfect pair. PERFECT philosophically, intellectually and esthetically!!
Conservative women are always so beautiful. Liberal women always look like ..... well.
Ping
“Conservative women are always so beautiful”
So true...
“.....since the inception of bailout nation, we have seen the federal government own or control 30% of private business profits.”
Mark my words folks...anybody here writing a monthly mortgage check that does NOT bounce....will sooner or later effectively be writing it to the Federal Treasury. That is the measure of how broke the Feds really are...
The B.O. administration and Dem Congress are counting on an uninformed and apathetic citizenry that will fail to hold them accountable. Let’s show them they are wrong and that they WORK FOR US!!!!! DEFUND ACORN! AND WHILE YOU’RE AT IT, DEFUND PLANNED PARENTHOOD!!!
I just went to http://www.michelebachmann.com/#
and donated. We have to start putting our money where our mouth is if we are going to take this country back.
We have to give - be it 5, 10, or 20 dollars - to people that will stand up for “we the people!”
Ahem!
My husband and I were transferred to another state this year, and we had to take out a mortgage on the home in the new state. We were limited to 3 lenders by the company’s relocation services.
Within 10 DAYS of signing papers, we were informed by mail that the maintenance of our mortgage had been transferred to Fannie Mae!
lol, ewwww
AGHHHH!!!
Its HER!!!!!!!!
The Helen Thomas Silicone job!!!!
GLENN: We’re looking into it. My researchers say it’s never been done before. They are voting on a red line piece of paper, something that is all marked up. It’s not even actually written down.
Absolutely.....
I read everyword and my blood is boiling. I emaile dit to my wife and told her to pist it everywhere
Bachmann is taking over Sarah’s role as the libs’ most hated.
She is just great!
CONGRESSWOMAN BACHMANN: And we’re breaking this story on your radio show is that one way the banks could satisfy their requirement under the Community Reinvestment Act is they could partner with ACORN. So a bank could either make a cash donation to ACORN, they could give equipment donations or they could work with ACORN to provide these loans to people who are poor credit risks.
Link?
Here you have the federal government demanding that banks lower their lending standards. And as a threat to these banks the federal government says we’re putting you out of business unless you make these bad loans. But one way you can satisfy your Community Reinvestment Act rating, because you have to get a certain score, one way you could satisfy your score, give money to ACORN.
I thought all this was common knowledge. At least when I worked in a bank it was common knowledge. Often I would have to go over to a bank branch in a bad part of town and take loan applications. The banks had to either take so many applications and approve a percentage or they had to invest money into that district for improvements to the area.
They had an outstanding rating:
http://www.usbank.com/about/community_relations/pdf/2004CommunityAnnualReport.pdf
Bachmann surprises Beck with stat on government piece of economy pie
It’s common knowledge in one sense, yes.
But good luck finding it in the media.
This was a TV show, how do you expect to have a frickin’ link? Why don’t you try to go to her website and see if she has links and sources before getting on FR with you idiotic comments about links?
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