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 ...
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.
With their actions and lawsuits against FANNY/FREDDIE etc etc..
Well, they should have read the Wall Street Journal, because I remember the Journal predicting this in 98.
FReep mail me if you want on/off the list.
This article is 100% USDA Prime BS!!
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...
WRONG!WRONG!WRONG! Yeah they saw it BECAUSE THEY WERE THE CAUSE OF IT!!!
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...
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