Replies

That's what I am thinking also. All those sub prime loans to people with no jobs,now way of paying anything back. Acorn connecting with HUD and Congress demanding the standards be lowered so low income (no income) could qualify for a loan. This has the potential to bring to light much more than just the Acorn offices, it will go much higher, think Barney Frank for one.

Glen Beck will be all over this, and has been for some time. He will connect all the dots until something more is done about it.

“What’s coming into focus now is that ACORN itself may be at the epicenter of the economic and political crises facing this country.” -Michael Rosen, secretary of the San Diego County Republican Party

FEBRUARY 1990 : (ILLINOIS : STATE HEARING : ACORN-CHICAGO DIRECTOR MADELINE TALBOTT -- See 2008 MORTGAGE CRISIS, OBAMA) ...ONE key pioneer of ACORN’s subprime-loan shakedown racket was Madeline Talbott - an activist with extensive ties to Barack Obama. She was also in on the ground floor of the disastrous turn in Fannie Mae’s mortgage policies. Long the director of Chicago ACORN, Talbott is a specialist in “direct action” - organizers’ term for their militant tactics of intimidation and disruption. Perhaps her most famous stunt was leading a group of ACORN protesters breaking into a meeting of the Chicago City Council to push for a “living wage” law, shouting in defiance as she was arrested for mob action and disorderly conduct. But her real legacy may be her drive to push banks into making risky mortgage loans.
In February 1990, Illinois regulators held what was believed to be the first-ever state hearing to consider blocking a thrift merger for lack of compliance with CRA [Community Reinvestment Act of 1977] . The challenge was filed by ACORN, led by [Madeline] Talbott . Officials of Bell Federal Savings and Loan Association, her target, complained that ACORN pressure was undermining its ability to meet strict financial requirements it was obligated to uphold and protested being boxed into an “affirmative-action lending policy.” The following years saw Talbott featured in dozens of news stories about pressuring banks into higher-risk minority loans. ------- From: http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm?page=0