FReep mail me if you want on/off the list.
Posted on 09/20/2009 12:57:48 PM PDT by rabscuttle385
JP Morgan Chase has been challenged to sever its financial support for ACORN.
As more video tapes are released of ACORN workers discussing illicit financial schemes, the bank has been called out for funding activities in violation of its own polices. Peter Flaherty, president of the National Legal and Policy Center (NLPC), in a letter addressed to JP Morgan Chase CEO Jamie Dimon, warns that continued support could jeopardize the institution’s credibility.
“Continued identification with ACORN harms the company’s brand name and reputation, and carries special risks for this company, a recipient of taxpayer TARP funds,” he wrote. “The New York Times has identified you as President Obama’s `favorite banker.’”
Flaherty also points out that donations to the Association of Community Organizers for Reform Now (ACORN) and its affiliates actually run counter to the bank’s own policy statements. Financial support is restricted from “programs designed to promote religious or political doctrines,” according to the JP Morgan Chase web site.
“ACORN and its affiliates have a very definite political doctrine,” Flaherty wrote. “It is to undermine democracy and smash capitalism. Videotapes made at ACORN offices in New York City and Washington, DC suggest that the Baltimore episode was not an isolated event. Even before these incidents, ACORN and its affiliates were accused of voter registration fraud in 14 states.”
More videotapes have been released of ACORN workers in Brooklyn and San Bernardino, Calif. telling undercover investigators posing as a pimp and a prostitute how to circumvent tax laws. Earlier this month, federal and state officials in Miami, Florida also moved to arrest 11 ACORN workers who allegedly falsified hundreds of voter registration forms.
ACORN’s housing affiliate has received over $5 million from JP Morgan Chase, since 1998, according to the Capital Research Center (CRC). Other corporate supporters include Bank of America, which has donated almost $3 million, since 2005, financial records show.
The letter was sent the day after the U.S. Senate voted 83-7 to bar grants from the Department of Housing and Urban Development (HUD) to ACORN. The House also voted later in the week to cut off funding in a 347-75 vote.
“If it is inappropriate for HUD to fund ACORN, it is also inappropriate for a public company like JP Morgan Chase to do so,” Flaherty wrote.
Giles and O’Keefe! Two true American patriots! This country owes you! Bigtime!
Talked to my BoA rep. She says there’s two ACORNS out there. The Obama ACORN and another one having to do with home mortgages. Don’t remember exactly the details but she says people come into the branch and yell at her about Obama’s ACORN thinking it’s linked to BoA but it’s another ACORN that BoA is associated with.
So there is one ACORN for each of the two Americas. Gotcha.
2 divisions — same ACORN.
One handles mortgages and housing, and the other, voter registration.
There is only one.
FReep mail me if you want on/off the list.
Chase? Is there a bigger group of whores and pimps than Chase? Of course they won’t drop Acorn... they are Chase. They are what is wrong with the financial system.
by American in Tokyo last week)
"ACORN CAN HELP YOU, ILLEGAL IMMIGRANTS, TO PURCHASE A HOME"
(Translation from Spanish) Sept. 2005 TelemundoT47 Spanish Website, 2005 ^ | 7 September 2005 |
AmericanInTokyo (translating from Spanish) Posted on 09/18/2009 3:07:00 AM PDT by AmericanInTokyo
(Automatic Translation from Spanish to English)
Source: Channel T47, Telemundo
Title: Immigration / "Illegal Immigrants Can Buy Homes" (Indocumentados Pueden Comprar Casa) by Delinés Batlle
(BEGIN TRANSLATION) PUBLISHED: September 7, 2005 at 12:11 pm (ET) UPDATED: 30 September 2005, at 9:16 am (eastern)
NEW YORK, NY. -- Thanks to an initiative of private banking it is now possible for illegal immigrants to buy homes in the United States without having a social security number.
A new program helps immigrants who can not afford home to fulfill their American dream.
Elena Hernandez has long had the dream of buying a home, but has not succeeded, she said not to have immigration papers.
The Mexican immigrant said: "I believe I have closed the doors to buy a house because I have a card from social insurance number, so without social security number can not do anything."
Historically, immigrants who have purchased home in the United States have done so under some risk, with false documents or with the help of others.
"There are people who do have their own, but are in the name of another person who does have legal documents.
But now Citigroup have joined ACORN, the Association of Community Organizations for Reform , to help immigrants to buy your house even without social security number.
What if the ITIN is needed, the number that gives the federal government for people without Social Security can pay their taxes.
"They should bring copies of 2 recent bank statements, 3 most recent check stubs and tax returns for the last 2 years."
Furthermore, it should be 3 or 4 lines of credit, although that include rent receipts, electricity or water.
The advantages of having these mortgages available to certain undocumented, is that one need only have 3% down payment or initial payment and get an interest rate down to 1 point lower than in the market.
It is important that all concerned know that this new program is available only through the centers of ACORN Housing Corporation, in the following communities:
New York -- New Jersey -- Bridgeport, CT -- Washington DC -- Miami -- Baltimore, MD -- Chicago -- California
For more information, please visit the Internet • ACORN HOUSING and under "ACORN Housing and Citigroup Partner on Remarkable Home Loan Product" for more information. For the office nearest you see • ACORN in Spanish.
(END TRANSLATION)
Will have to check on that Monday .....
LOL. They are one and the same. All the money goes through still another group.
There's about 300 organizations that are all part of the ACORN crim enterprise.
Still my position that ACORN prolly played a major role in the housing meltdown by coaching people as to how to falsify mortgage applications so they could get loans that they never would have qualified for otherwise.
Thanks for this. It will be on every payment I send them.
ACORN spokes slug Scott Levenson is a lobbyist for JP Morgan and likely other banks as well.
Scott Levenson comes up with a long list of clients in the NYC lobbyist search. Many many banks.
http://www.nyc.gov/lobbyistsearch/search?lobbyist=SCOTT+LEVENSON
Did someone promise their officers first crack on those underage Honduran (or whatever) hookers?
That way they’ll keep the federal bailout money they received in bonuses in the family, as it were.
Another example of our taxdollars at work.
Thanks for the ping.
it looks like the new story isn’t about acorn..
http://hotair.com/greenroom/archives/2009/09/19/breitbart-prepare-for-a-blockbuster-from-left-field-next-week/
http://www.slate.com/blogs/blogs/kausfiles/archive/2009/09/19/what-s-breitbart-got-next.aspx
Chase should tell us they support liberal causes - so conservatives can bank elsewhere...
Well I’m checking on Monday with BoA ...
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