Posted on 10/10/2008 11:48:42 AM PDT by JPII Be Not Afraid
ACORN and Fannie/Freddie (from ACORN’s archived website)
The ACORN convention in New York in 1992, the ACORN-Bank Summit, was organized to hammer out deals with giant banks like Continental, First Fidelity, Mellon, PriMerit, and Chemical. Representatives signed agreements to establish programs for low- and moderate-income people to qualify for mortgages in their communities. Citibank, the nations largest bank, did not participate. In response, the conventioneers held a lively action at Citibanks downtown Manhattan headquarters, and won a meeting to negotiate for similar programs. The meeting also led to increased Fannie Mae and Freddie Mac funding from the secondary mortgage market to ACORN neighborhoods. These efforts led to billions of dollars of primary and secondary mortgage money flowing into ACORN communities over a period of several years.
source:
http://web.archive.org/web/20010612171320/www.acorn.org/history-content.html
Fox News has had the video pulled.
I tried to get on and it’s been pulled by Fox News.
See my post number 118...you can see it there.
Thank you. I hope they play it on TV, A LOT.
When you are looking for a McCain ad just go to his web site they are all there. JohnMcCain.com
ZEROBAMA's only claim to fame are his wonderful days of being a COMMUNITY ORGANIZER. Now the TRUTH is out. It is a CORRUPT POS, and he is PART OF IT!!
He must be soundly beaten and sent home in DISGRACE!!!
thank you, Shield. I appreciate it.
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