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ACORN Foresaw the Foreclosure Crisis in 2001 (Barf Alert)
East Bay Express ^

Posted on 01/02/2010 4:19:00 PM PST by Pride_of_the_Bluegrass

The grassroots group helped Oakland pass a tough anti-predatory lending law that would have halted the housing crisis before it started.

(Excerpt) Read more at eastbayexpress.com ...


TOPICS: Business/Economy; Conspiracy; Government; Local News
KEYWORDS: acorn; california; economy; paralleluniverse

1 posted on 01/02/2010 4:19:01 PM PST by Pride_of_the_Bluegrass
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To: Pride_of_the_Bluegrass

From what I’ve read, ACORN was one of the primary CAUSES of the foreclosure crisis by putting pressure on lenders to issue sub-prime loans.


2 posted on 01/02/2010 4:25:46 PM PST by Signalman
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To: Pride_of_the_Bluegrass
FORESAW IT??? OF COURSE THEY DID..

With their actions and lawsuits against FANNY/FREDDIE etc etc..

THEY CAUSED IT!!!


3 posted on 01/02/2010 4:27:57 PM PST by gwilhelm56 (Pray for Obama: Psalm 109:8 "Let his days be few; and let another take his office. ")
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To: Pride_of_the_Bluegrass

Well, they should have read the Wall Street Journal, because I remember the Journal predicting this in 98.


4 posted on 01/02/2010 4:30:27 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: FlingWingFlyer; altair; stephenjohnbanker; little jeremiah; ~Kim4VRWC's~; voteNRA; Admiral_Zeon; ...
ACORN Ping

FReep mail me if you want on/off the list.

5 posted on 01/02/2010 4:31:26 PM PST by Jet Jaguar
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To: Jet Jaguar

This article is 100% USDA Prime BS!!


6 posted on 01/02/2010 4:59:15 PM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
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To: Pride_of_the_Bluegrass; All

gotta love the hypocrisy of these d-bags....

if you give the unqualified loans they are victims of predatory loans....if you don’t give them loans because they are unqualified then they are victims of racism...


7 posted on 01/02/2010 5:05:01 PM PST by God luvs America (When the silent majority speaks the earth trembles!)
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To: Pride_of_the_Bluegrass

WRONG!WRONG!WRONG! Yeah they saw it BECAUSE THEY WERE THE CAUSE OF IT!!!


8 posted on 01/02/2010 5:32:01 PM PST by ronnie raygun (Leaders who refuse to lead will be lead by the people)
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To: Jet Jaguar

Is this like a bank robber forseeing that the bank is going to be having troubles? (the one he’s going to rob)... ACORN was probably making a longer term play for more money...


9 posted on 01/02/2010 7:33:53 PM PST by GOPJ (Success is cast as evil and punished while failure is blamed on others and rewarded.-Rand)
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