Posted on 10/09/2008 5:38:58 PM PDT by SideoutFred
Lou Dobbs goes after ACORN big time. Calls Democrat led deal to pour billions into ACORN, PITIFUL!
No, ACORN was taken out of this bill, BUT in the summer the dems passed another bill and THAT included ACORN funds and that is why GOP is calling to stop ACORN funding now.
Would you provide a link to the Campbelle Brown piece so that I can pass it along?
There is time and we don’t even need the MSM— remember the Swiftboaters? They waited ‘til about this time to launch their attack on sKerry and we all know how that one ended. I’d say timing is just perfect.
I watched it live on TV. No youtube yet
Okay. I’ll root around and see if I can find a link for all of us.
throw that in a web ad. Why not
(Tied into SNL pulling the skit from youtube strangely enough.) From http://michellemalkin.com/2008/10/06/the-missing-snl-bailout-skit-and-the-soros-connection/
Ed Lasky recently reported on how the Sandlers — allies of left-wing billionaire George Soros — helped bring down Wachovia Bank:
Herbert and Marion Sandler, a New York lawyer and Wall Street analyst respectively, bought a small California thrift in 1963 and built it into GDW — one of the largest thrifts in the nation. The company’s business was built on adjustable rate mortgages (ARMs. These were mortgages offered at low “teaser” rates that ratcheted upward as interest rates increased. They were often sold aggressively to unsophisticated home buyers who did not comprehend the vast financial risks they were taking, or who assumed that housing prices would rise high enough to provide a profit to them when they sold their houses. They were targets for lenders peddling mortgages that should have been stamped with a skull and crossbones, for these were among the most seductive and dangerous types of mortgage.
This book of business is the core reason for Wachovia’s current difficulties
The Sandlers knew their business far better than any other person could. Not only were they the founders and major owners, they famously ran the company as a husband and wife team for all these years.
So why did they happen to cash out at precisely the right time? Did they see the handwriting on the wall, realizing the massive risks inherent in the mortgages they originated throughout one of the most overheated real estate markets in the nation’s history? They are not talking, but when smart people cash in some of their chips, it’s rarely a good time to bet against them. Nevertheless, Wachovia bet 24 billion dollars and lost big time.
The collapse was primarily caused by the GDW purchase, which became an albatross around Wachovia’s neck soon after the purchase. “Wachovia found itself in ARM’s Way” was the headline of a recent Wall Street Journal article. A huge percentage of these Wachovia ARMs were made to deep subprime borrowers with very poor credit scores. Most of these were “inherited from its ill-timed acquisition of Golden West” at the end of the housing boom in 2006.
The Sandlers have started to invest their billions of dollars politically, in the manner of George Soros, sugar daddy of many far-left wing groups and an early and prominent supporter of Presidential candidate Barack Obama. Soros has developed an empire of so-called 527 groups, putatively independent political activists groups that have influence within the Democratic Party. These 527 groups include the Center for American Progress, MoveOn.Org, Human Rights Watch, Media Matters and a slew of other like-minded groups…
Soros, Lewis, and the Sandlers form a core group of billionaire activists and Democrat partisans who have formed a group called The Democracy Alliance. They realized that they could magnify their power by working in unison and tapping other wealthy donors to further their agenda (the superb Boston Globe article “Follow the money” is a good primer on how money and 527 groups have come together to have a huge impact on politics in America).
The Democracy Alliance is a major avenue to help them achieve their goals. The roster of its growing membership consists of a list of billionaires and mere multi-millionaires who collectively hope to give upwards of 500 million dollars each year to further promote a left-wing agenda. A partial roster of the Democracy Alliance membership can be found here.
Half a billion dollars a year can purchase a great deal of influence.
The Sandlers certainly know quite a bit about leverage from their savings and loan days.
Among the beneficiaries of their largesse: Air America, ACORN (a group that has very close and long lasting ties to Barack Obama and has a long history of engaging in voter fraud. Citizens for Responsibility and Ethics in Washington (basically a private detective group focused on the private faults and foibles of Republicans), Media Matters, a media watchdog group that engages in harsh partisan attacks against media figures and articles it considers supportive of Republicans). The list goes on and on.
They are not merely out to elect Democrats, but to also permanently realign U.S. politics and shift our society and culture in a far-left wing direction…
Lou acted surprised when he learned that Five Million HUD illegal alien mortgage loans were in default.
bttt
I’m convinced we are witnessing the Clintons tanking Obama so Hillary can run in ‘12. They have a lot of old friends in the MSM that can unleash a firestorm on Obama. The Clintons lost the party and must publicly support Obama. But they can quietly sit by and watch the carnage without jeopardizing their “support” of party unity.
bttt
Maybe.
But market crashes have always happened in October.
Lou got after ACORN but I missed him mentioning any ties with Obama to ACORN.
Just as long as it's shining like a blowtorch on Nov 4.
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