FReep mail me if you want on/off the list.
Posted on 10/15/2009 1:20:50 PM PDT by AuntB
Rep. Michele Bachmann is all over radio presenting information on the corruption of congress, banking and ACORN. And NO, they're not going to let her on mainstream TV news!
She explained that the CRA required banks to lend to unsound applicants OR they could instead contribute to.....ACORN.
It's even worse than Bachmann presents it. We found this article from the year 2000, there were others as well...we were ASLEEP! This is just a few snips, long, worth the read.
And remember, Clinton started misusing the law passed by congress - the Community Reinvestment Act, but for 8 years after the republicans were in charge and did NOTHING about it!
I have long stated that our financial, subprime home loan crisis was government created. The big boys have given the bailouts to the very people who caused all this mess! No wonder Obama was a lawyer for ACORN...THEY had ALL the money!
CITY JOURNAL Winter 2000 The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities http://www.city-journal.org/html/10_1_the_trillion_dollar.html
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation’s banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups
A radical group called ACORN Housing has a $760 million commitment from the Bank of New York; the Boston-based Neighborhood Assistance Corporation of America has a $3-billion agreement with the Bank of America; a coalition of groups headed by New Jersey Citizen Action has a five-year, $13-billion agreement with First Union Corporation. Similar deals operate in almost every major U.S. city.
This policy—”America’s best mortgage program for working people,” NACA calls it—is an experiment with extraordinarily high risks. There is no surer way to destabilize a neighborhood than for its new generation of home buyers to lack the means to pay their mortgages—which is likely to be the case for a significant percentage of those granted a no-down-payment mortgage based on their low-income classification rather than their good credit history.
Ok, so why don't more people like Bachman and Palin run and win the GOP primaries ? Oh that's right, they are chicken littles.
Pass the word———Michele told Glenn Beck that Nanzi Pelosi has targeted Bachmann as Number One on her list to defeat.
Michele’s reelection will be a sharp slap in the face to botoxed Nanzi.
Thanks for the ping.
FReep mail me if you want on/off the list.
Hmmmmmmmmmmmmmmmmmmm
Will San Fran Nan Nan crack a smile ????
Tip of the iceberg indeed...
It’s time they had their clocks leaned; put them out of business.
“People like Muchele Bachmann and Sarah Palin have more guts that at least 80% of the male GOP office holders. God bless them and give us more of them! “
Amen!
B T T T
“And I’ll just about guarantee you its even worse than Michele even thinks it is.”
Of course.
Ah, the evil botoxed one....wonder if botox is included in the congressional health plan?
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