Posted on 10/22/2008 4:04:22 AM PDT by GQuagmire
Gov. Deval Patrick, a national co-chairman of Barack Obamas presidential campaign, teamed up with the Illinois senator to represent the controversy-plagued activist network ACORN in a 1993 case and secured money for the group in this years state budget, the Herald has learned.
(Excerpt) Read more at bostonherald.com ...
Just Words, Just Speeches....
Deval Patrick started the subprime mess. Now he’s in cahoots with an NGO that stands to gain an enormous amount of power and wealth from the bailout of that mess.
He has screwed with the lives and fortunes of the American people just to gain power. Or in other words, he’s a Democrat.
Deval Patricks Role in the Mortgage Crisis
While at the Justice Department, former Clinton Administration official Deval Patrick, who is now governor of Massachusetts, used the pressure of federal lawsuits to force lenders to make risky loans, threatening them with redlining charges. (His lawsuits were often baseless; under his tenure, the Justice Department was ordered to pay over a million dollars to the city of Torrance, California for a baseless suit, but most baseless suits led to little, if any, sanctions against the Justice Department, while forcing defendants to pay millions of dollars in legal bills to defend themselves against the Justice Department juggernaut).
Then he left the Justice Department to make more money by receiving money from lenders eager to curry favor with him and thus avoid the wrath of his friends still at the Justice Department. Lenders hired him for a small fortune to counsel them about predatory lending. Once outside government, Patrick made a bundle providing cover for one lender as it navigated the landscape of sub-prime lending in minority communities
A New Unmentionable
Governor Deval Patrick received $360,000 in 2005 for serving as a director of Ameriquest in his own words to deal with the allegations of predatory lending and to put in place policies that will protect low-income consumers.
Oh amd it gets better. One of Devals first official acts was to use his office to try to pressure Citigroup to give Ameriquest a loan:
Governor made call on behalf of lender
Troubled Ameriquest sought infusion of cash
Governor Deval Patrick, who was criticized during the gubernatorial campaign for his involvement with a controversial subprime mortgage lender, called a top official at Citigroup, former US Treasury secretary Robert E. Rubin, two weeks ago to intercede on behalf of the owners of Ameriquest Mortgage as they sought urgent financial assistance from the global financial giant.
In the words of Gomer Pyle, Surprise, Surprise!
Axelrod’s last piece of work. He’s running Mass. into the ground as we speak. If you want to know what the United States would look like under an Obama administration all you have to do is look a Massachusetts, and it aint a pretty sight!
Well, I’m from Massachusetts... and 0bomba has his was with the US, we’ll get more pie than you! /s
I’m living the nightmare every day.Lifetime hostage of The People’s Republic of Massachusetts.
Same here.
Great. I live in NH but work in MA and my income tax dollars are given to an organization that lobbies the govt and banks to grant mortgages to people that cannot pay them back and also commits voter fraud....
If you want to see what an Obama administration will look like, check out MA under Deval. The state has added 6,000 new state workers since 2004 and now Deval has announced drastic cuts where 1,000 workers will be laid off....
Deval is kind of an Obama mini-me...
In 1993, Patrick, then a Department of Justice lawyer, and Obama, as a private civil rights lawyer, teamed up (with Obama) to represent ACORN in a successful suit that forced Illinois officials to implement the motor voter law, which allows people to register to vote when they get a drivers license.
*snip*
Of the governors ACORN ties, Patrick spokesman Kyle Sullivan said: The governor is very proud of his efforts at the Department of Justice and at the State House to make it easier for citizens to legally register to vote and to help families keep their homes.
Republican National Committee spokeswoman Blair Latoff blasted Patrick, saying: The fact that Gov. Deval Patrick would even consider rewarding ACORN with taxpayer dollars is astounding.
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