So I’m half asleep listening to Greta..and Lindsey Graham comes on...talks about the bill- where they are and aren’t...I’m drifing..his tone gets a little angrier- and then he says TWENTY PER CENT of the budget for implementing? carrying mortgages? of where this money would go is:
ACORN.
YES, ACORN.
THAT ACORN.
Did anyone else hear prescisely what 20 % he was refering to?
I rewinded the dvr and you heard right—ACORN!
Heard it ... hated it. Apparently, our govt. has been acting like we’re socialists for awhile .. first I’ve heard about this stinky deal:
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Countrywide Financial Joins Forces With ACORN
Monday, February 11, 2008
PAUL KANGAS: Tomorrow Countrywide Financial will join other lenders and Treasury Secretary Henry Paulson to announce a new foreclosure prevention program. Today Countrywide struck a deal with community group Acorn that also helps troubled borrowers avoid foreclosure. Instead of just modifying loans for sub-prime borrowers with adjustable interest rates, this agreement helps homeowners with delinquent and fixed rate home mortgages. Stephanie Dhue reports.
http://www.pbs.org/nbr/site/onair/transcripts/080211b/
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He recently broke up with Herb Moses, whom he referred to as his “lover,” after a relationship of more than 10 years. The two are still friends.
http://www.washingtonpost.com/wp-srv/politics/special/clinton/stories/frank121898.htm
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While the relationship reportedly ended 10 years ago, ((Barney)) Frank was serving on the House Banking Committee the entire 10 years they were together. The committee is the primary House body which along with the Office of Federal Housing Enterprise Oversight (OFHEO) has jurisdiction over the government-sponsored enterprises.
He has served on the committee since becoming a congressman in 1981 and became the ranking Democrat on the committee in 2003. He became chairman of the committee, now called the House Financial Services Committee, in 2007.
((Herb)) Moses was the assistant director for product initiatives at Fannie Mae and had been at the forefront of relaxing lending restrictions at the company for rural customers, according to the Feb. 23, 1998, issue of National Mortgage News (NMN).
“Herb Moses, who helped develop many of Fannie Mae’s affordable housing and home improvement lending programs, has left the mortgage industry,” Darryl Hicks wrote for NMN.
“Mr. Moses - whose last day was Feb. 13 - spent the past seven years at Fannie Mae, most recently as director of housing initiatives. Over the course of time, he played an instrumental role in developing the company’s Title One and 203(k) home improvement lending programs.”
http://www.businessandmedia.org/printer/2008/20080924145932.aspx