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10/17/13 Obama’s Secret Collaboration with ACORN Bosses FrontPage / Matthew Vadum / FR Posted by SJackson

Former officers of the disgraced radical group ACORN are still advising the Obama administration and guiding its catastrophic far-left policies almost three years after the group filed bankruptcy.

Former ACORN Housing public affairs director Bruce Dorpalen, who now runs the National Housing Resource Center (NHRC), has been meeting with and advising senior Obama administration officials on housing policy, according to good-government group Judicial Watch. The watchdog discovered the secret collaborations after filing a Freedom of Information Act (FoIA) request.

Like a grifter running away from a criminal past, ACORN Housing formally changed its name to Affordable Housing Centers of America (AHCOA) after devastating undercover videos surfaced in 2009. In those videos, masterminded by conservative activists James O’Keefe III and Hannah Giles, ACORN and ACORN Housing intake workers were shown providing advice on setting up a brothel for pedophiles and breaking other laws. The videos launched the late Andrew Breitbart’s website Big Government and generated leftist apoplexy across America.

At the time, ACORN apologists like Joe Conason, Rachel Maddow, David Sirota, and a menagerie of other media Marxists tried to defend ACORN by falsely claiming that the videos had been doctored. A year later the controlling entity in the ACORN network, ACORN Inc., filed bankruptcy after Congress canceled its taxpayer funding and left-wing foundations sprinted away from the group as hard as they could.

“How is it, after the scandals of ACORN and its contribution to the housing crash, that this organization’s former leadership is still able to guide federal housing policy?” said Judicial Watch president Tom Fitton. “It goes to show that Barack Obama truly is the president from ACORN.”

The “smoking-gun documents” Judicial Watch obtained “show the continued collusion” of the U.S. Department of Housing and Urban Development (HUD), Consumer Financial Protection Bureau (CFPB), and “ACORN spinoffs – and strongly indicate that Barack Obama is still determined to turn the federal government’s housing policy over to the far left,” Fitton said.

According to the documents, Dorpalen is so cozy with Obama officials that he was scheduled to introduce CFPB Director Richard Cordray at a housing counseling forum in December 2012. Dorpalen also met with CFPB regional strategist Keo Chea, Federal Reserve representatives, and Dustin Toomey, executive director of Affordable Housing Centers of PA, an ACORN spinoff group that shares office space with Dorpalen’s NHRC, Judicial Watch said.

The documents also show that Dorpalen met with Thomas J. Curry, Comptroller of the Currency in April 2013. Curry’s office, part of the U.S. Treasury Department, supervises more than 2,000 national banks and federal savings associations around the country. In May of this year, Dorpalen lobbied federal officials in support of the housing bubble-generating Community Reinvestment Act (CRA). ACORN and other radical activist groups support the CRA with a near-religious fervor even though it hurts more people than it helps.

--snip--rest on FR..............

4 posted on 12/22/2013 6:04:58 AM PST by Liz
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......a recent legal action pushed forward by the racist Holder, JP Morgan Chase has agreed to pay a $13 billion settlement over mortgage backed securities sold ahead of the financial crisis, and also for fraudulently bundling and marketing securities, which contributed to the collapse of the housing market. The issue here is the allegation that JPMorgan and firms it later purchased, Bear Stearns, Countrywide Home Loans, Inc., and Washington Mutual, sold risky mortgage securities during the housing bubble while misrepresenting their quality. These securities later failed in huge numbers, playing a key role in the 2008 crisis [4].

JPM Settlement Of this $13 billion settlement, an amazing $4 billion will be funneled to “community organizations” that are friends of Obama and Holder —black run organizations, I might add, to help people who cannot afford to purchase homes, to purchase homes. According to CNN, Eric Holder said in a statement, “Without a doubt, the conduct uncovered in this investigation helped sow the seeds of the mortgage meltdown.” This presumably explains why Eric Holder is attempting to play this tune for a second time. Plus, he knows that he will never be held legally accountable for his obvious corruption: it is illegal for the United States government to provide financial rewards to partisan cronies.

In his new book "Extortion" author Peter Schweitzer writes about Obo and Holder, using the Justice Dept and assorted govt agencies to extort Big Money ....threatening jailtime unless the targets fork over billions. Read on.

US ‘robs’ $13B from venerable bank / By Mark DeCambre, Oct 19, 2013

JPMorgan Chase has tentatively agreed to pay (Holder's) Dept of Justice a record $13 billion settlement to resolve several civil probes — a costly deal that still doesn’t protect the bank against additional criminal prosecutions.

“This is a basic and fundamental attack on capitalism,” declared Dick Bove, an influential bank analyst at Rafferty Capital. “It is possible that the government is taking away the property of the JPMorgan shareholders without the shareholders having committed any crime or having any say in the expropriation of these funds.” The deal also includes an undisclosed sum to settle a civil suit brought by NY state AG.

Under the settlement, JPMorgan must continue to cooperate with federal investigators probing the banking giant’s issuance of mortgage-backed securities from 2005 to 2007, according to sources.

Still to be ironed out are how to resolve that criminal investigation, along with the wording of any admissions of culpability the feds might require.

The general terms of the settlement deal were forged Friday in a phone conversation between Attorney General Eric Holder and JPMorgan CEO Jamie Dimon, The WSJ reported.

Analysts called the settlement a raw deal given that, by JPMorgan’s own estimate, some 80 percent of its mortgage-backed securities had been acquired at the request of the Obama-led government, when it bought Bear Stearns and Washington Mutual in 2008. “Ultimately, the earnings power of banks is being force-regulated out the (SEC), by the Department of Justice,” Kass added.

The settlement sum includes $4 billion that JPMorgan agreed this month to pay the Federal Housing Finance Agency to resolve allegations that the bank misled mortgage-finance companies Fannie Mae and Freddie Mac about the quality of loans it sold them prior to the 2008 financial crisis, the Journal reported.


5 posted on 12/22/2013 6:08:58 AM PST by Liz
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