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.
“.....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 biggest trick is going to be played on the American people. When the clock strikes midnight, ... 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. And, an economist from Arizona State University has calculated that since the..."
TRICK OR TREAT!
The mask is off, but the look is tha same...
Thank you!