Who knows what ACORN is? (politics)

[Ollie]

Acorn is an orginization that promotes lowered standards for lower income people to allow them to borrow the money to get homes.

A few years back acorn suid a lending institute for not giving a loan to a couple so they could get the house of their dreams. They had super bad credit and not enough income to make the payments. Acorn won.

As a result of the lawsuit lending istitutions lowered their lending standards across the board.

This allowed people to get home loans that couldn't get them previously.

During this same period Bill Clinton signed into law a bill that would allow companies that would lend money for these high risk home loans to then "sell" those loans to fannie mae and freddie mac (since they were backed by the government).

This led to the practice of not caring who you loaned the money too because you would just sell the lod and make a profit anyway.

Back in 2004 an unpopular upstart put forward legislation to stop this practice and force the lending anstitutions to go back to a solid lending scheme. This was blocked with a procedural vote by the democrats. This upstart was George Bush.

He tried again in 05 and the dems again blocked it.

Now the SAME EXACT people that blocked the legistation that could have prevented the crash are the same one blaming bush and the republicans for this mess.

Why does this matter?
Who cares, it happened, now we have to deal with it right??

It matters because once again the new media is sweeping under the rug the one person who started this mess, the one who made it possible for the economy to crash so hard so fast.

Who is this person?

Good ol', walks on water OBAMA.

These are facts.
Look em up yourself.

Obama is the one that worked with ACORN to formalize their procedures to force lending institutes to lower their lending standards and then scare the rest of the industry into following suit.

Who still thinks Obama is good for the economy?

 

[H2SNOW]

2 words .."Voter Fraud"

 

[Sturgis Sledder]

2 words .."Voter Fraud"

They are the biggest group of people promoting fraud out there.

 

[hilinerider]

there is youtube video on the economic crisis that show who voted for what to get to this mess

 

[Wolfrun]

To fully understand How Obama is involved in the wall street mess, google [ Obama's involvement with Acorn] and read what it comes up with. Obama is a complete fraud. Thanks, Ollie

 

[Ollie]

ACORN is under federal investigation for voter fraud in (I believe it is) 9 states.
They go out and collect the homeless and then for food and booze they vote for who acorn wants.

The news orgs are just now starting to report this.
WHY??

Because Fox News and CNN are starting to push the issue. CBS, NBC, MSNBC, ABC and most of the printed news are still trying to down play the issue, but it is heating up fast.

Over the next couple weeks you will see a LOT more on the crash and a lot of pointing will go towards the DEMS. The DEMS and the news orgs will be doin everything they can to bury the story. IF the people actually hear the truth, the dems are DONE.

Now it just comes down to can the DEMS and the libs in the news orgs keep a lid on it till after the election.

Get the word out. Tell everyone you know. If we can get enough people doing online searches for acorn and for info on the dem involvment in it, the news will be forced to go with it.
Oh, in case you didn't know, the politicians on both sides of the isle watch the numbers on what is being researched thru google and a couple of the other big search engines.

 

[MTm7]

good post ollie!

 

[Mafesto]

The History of US Financial Disaster:
1997
l Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
l Fannie Mae buys mortgages from other companies.
l It is backed by the taxpayers for all losses, but keeps all profits.
l President Clinton loosens Home Loan Requirements.
1998
l Banks begin making thousands of bad loans, 0 down, no documentation, for 120%! (1998 – 2008).
l Executives at Fannie receive huge bonuses if loan targets are met.
l Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.
2003
l President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
l Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”



1999-2004
l Raines earns $100 million in bonuses.
l Garelick earns $75 million in bonuses.
l In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.

Top 4 Recipients:
#1 Sen. Christopher Dodd, (D-CT) Chairman of the Banking, Housing, & Urban Affairs Committee
#2 Sen. Barack Obama, (D-IL) Federal Financial Management Committee
#3 Sen. Chuck Schumer, (D-NY)Chairman of the Finance Committee
#4 Rep. Barney Frank, (D-MA)Chairman of the House Financial Services Committee
2005
l Franklin Raines & top execs are forced to resign from Fannie Mae.
l They do not go to jail.
l There is no media “perp. walk.”
l They keeps all of their bonuses
l They finally pay $31.4 million in civil fines.

2005
l The Federal Housing Enterprise Regulatory Reform Act is sponsored by:

#325 Sen. John McCain, (R-AZ)Armed Services, & Commerce, Science, & Transportation

“If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”


2005
l None of the top 4 recipients support the legislation.
l The reform act is blocked by Democrats, never even making it out of committee.
l None of the politicians return any of the money, tainted by fraud.
2008
l Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
l Lehman Brothers, goes bankrupt from investing in bad mortgages.
l AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS
2008
l Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
l Did government involvement in the mortgage market work out?
l How will even MORE government involvement make it better? Do you want to be Sweden?
l McCain favors revising regulations & loan standards, selling off Fannie & Freddie.

SOURCES:
l Congressional Record, 5/25/06
l “Hannity & Colmes,” Fox News, 9/16-9/17/08
l Herald Tribune, 4/18/08
l New York Times, 9/13/03
l www.govtrack.com, 9/17/08

Prof. Dennis Jantz, 2008

 

[Dobber1]

I can't wait to see who comes up with the best definition for the acronym A.C.O.R.N. on this forum....

"My friends, we live in the greatest country in the history of the world. I hope you will join me as we try to change it." ---Barack Obama

"Life's tough.......it's even tougher if you're stupid." ---John Wayne

 

[winter brew]

What I want to know is, if all this info is true (and it appears to be), why on earth doesn't the McCain campaign put together a presentation/commercial or SOMETHING to make the America people aware of who has played roles in this process of failure, it seems this would draw a huge number of votes away from Osama to McCain.....provided he can put together a viable cure/regulation to prevent this from happening again.
At least bring it up in the next debate and present facts to put Osama on the spot, get him riled up!

 

[Ollie]

According to the talking heads, McCain has been reluctant to bring up the acorn buisness because he doesn't want to risk pissing off the black community and getting labled as anti-poor.

however, they also say that Palin has convinced him to change the policy and start to attack obama's past. His affiliation with a known domestic terrorist, his affiliation with acorn, his questionable donations from known middle east terrorist orgs.. The list goes on and on.

The only question is, is there enough time left to get the truth out there.
The news orgs. have done a really good job of building Obama up as the answer to all the worlds problems. A lot of people will be extremely reluctant to hear the truth, let alone believe it.

 

[Dobber1]

A Democratic operative pointed out that when Obama holds a rally, 25-30,000 people show up, whereas when McCain holds one, he only draws 10-15,000. A Republican spokes said, "That's because McCain's supporters are at work."

 

[MTm7]

for your reading enjoyment.

The Founding Fathers gave it their best shot. They understood the "will to power" better than Nietzche and tried to construct their experiment of a free people living in a self governing republic based on the principle of human liberty to protect it from the innately human tyrannical impulse. Unfortunately the tyrannical impulse is relentless and despite all their precautions and forewarnings we have allowed the termites of tyranny to gnaw inexorably on the timbers of our house of Liberty. We are now faced with the harvest of the seeds of complacent neglect we've sown for the last century. The pending "bailout" and the looming election of Obama to the Presidency will, I fear, sound the death knell for the extraordinary American Experiment and, given that we constitute the last voice on Earth that even pretends to raise a defense of the imperative importance of human liberty, the world may be on a path to something that will make Orwell's worst nightmares appear a benevolent alternative.
Perhaps at some point in the future a group of leaders who match the Founders in courage and dedication will arise in some unpredictable corner of the planet to rekindle humanity's hope for and love of liberty. If they can be successful in recreating a society based on freedom, I can only hope that they will absorb the fateful lesson of our profound failure and learn that every subversion of freedom and liberty, no matter how insignificant they may appear at the time, must be resisted with full fury and unwavering attention, for the enemies of freedom never rest.

Posted by: djaces | September 28, 2008 09:10 PM

 

[Crazy 8]

According to the talking heads, McCain has been reluctant to bring up the acorn buisness because he doesn't want to risk pissing off the black community and getting labled as anti-poor.


Wouldn't a majority of black and poor votes go his way anyways? I say run him through the ringer and put him on the spot.

It's funny that McCain would be labeled as anti-poor by doing this, but people with common sense (not very common anymore) would (should) see him as pro-responsibility. There's a lot of things that I want, but I'd rather save for my my kids college education or for retirement. As my mom always told me, "We all make choices".