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
This is the Bridge that Beck was talking about building. One piece at a time, inexorably, it all gets tied together, and the Left goes Down.
I lived and worked in Chicagoallthroughthe 1990s, and ACORN was constantly in the news, heavily involved in manipulating and intimidating banks and other institutions. Chicago was the most radical of the ACORN branches.
I didn't pay that much attention to them, but as a regular working Joe who often watched the evening news, I was very very aware of this organization. For someone with time on their hands there's a ton of material to be gone over in the local press and court archives. I would not be AT ALL surprised to find Obama up to his neck in it.