Shorter ACORN: "Never mind sitting at lunch counters -- now we wanna buy them -- with no money down. Or else!"
Who's to blame for the sub-prime economic meltdown? New President Barack Obama, for one:
In fact, intimidation tactics, public charges of racism and threats to use [the Community Reinvestment Act] to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from Americas financial institutions .
The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts.
Meanwhile, CitiBank -- one of ACORN's key targets -- is now planning to lay off at least 35,000 workers.
Old sayings -- the "Gods of the Copybook Headings" -- become old sayings for a reason, and we forget them at our peril. The road to hell is indeed paved with good intentions.
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Comments
Obama-Barney Frank-Chris Dodd-Franklin Raines, just to name a few. Why wouldn't Obama support affirmitive action policies such as this, he owes his whole career to affirmitive action. He is our first affirmitive action president.PITIFUL!!
Banks should never again be forced to make loans to anyone who demonstrates an inability to repay that loan, Congress, Community Agitators and ACORN be damned.
D.
We all new this before the election, why is Obama the President-Elect of this great nation. I just don't get it. Is everybody blind or is it just about "Hope and Change"??? Such generic terms to inspire towards what?? I am waiting but I am very pessimistic about the Change to come.
This is hilarious. So ACORN is the one that originated the idea of Credit Default Swaps, the nefarious packaging and reselling many times over of sub-prime loans. Get a grip and do your homework before you start this racist crud. The default rates for minorities 2001-2007??? About one percent...
"default rates for minorities 2001-2007???About one percent..." Talk about HILARIOUS!!! Please Mr. Kinser tell us were we can find this information. You gots to kidding?
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