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Breitbart.tv » Full News Conference: Producers Show Video of ACORN ‘Sting’ in Philadelphia
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Fox News: The two independent filmmakers who posed as a pimp and a prostitute and received advice from ACORN employees in five cities on how to skirt tax and immigration laws claim the community organizer group lied when it said the pair were shown the door without receiving assistance from staffers in its Philadelphia office.
ACORN - The Big Picture: Find it @ www.justsaynodeal.com/acorn
okay, the reason no one focuses on Obama's "community organizing" is because few understand how it fits into the
big picture. focus, trace, read [click acorn] - revisit if necessary - but do understand why a) Obama has gotten to
where he is and why he threatens to continue that meteoric rise - with your tax money - straight to the white house
and b) how Obama, his advisors & the dems are linked to the biggest financial meltdown since the Great Depression.
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okay, the reason no one focuses on Obama's "community organizing" is because few understand how it fits into the
big picture. focus, trace, read [click acorn] - revisit if necessary - but do understand why a) Obama has gotten to
where he is and why he threatens to continue that meteoric rise - with your tax money - straight to the white house
and b) how Obama, his advisors & the dems are linked to the biggest financial meltdown since the Great Depression
American Thinker- Print Article
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et, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama's life comprise a who's who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.But even this doesn't fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.
Michelle Malkin » No tears for these foreclosure “victims”
My column this week expands on my debunking of ACORN’s sob story foreclosure “victims.” In the latest developments on the Baltimore ACORN break-in, ACORN activist Donna Hanks was arrested and criminally charged. Just one more on top of her other brushes with the law (which the Washington Post and others have yet to report). The column also reports on the shady background of ACORN Baltimore leader Louis Beverly, who was arrested earlier this week for burglary after the break-in (and has also racked up quite a criminal history). Much more to come.
I joke that the jobless, welfare-dependent Octomom may soon be enlisted to serve as a new ACORN sob story victim. Here’s a screenshot of the photo accompanying the story about her impending foreclosure:
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But a closer look at ACORN’s sob stories shows that the prototypical foreclosure “victims” by the Left don’t deserve an ounce of sympathy – or a cent of our money.
Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a mob cheering and camera crew taping, ACORN leader Louis Beverly busted a padlock and jimmied the door open at 315 South Ellwood Ave. The home once belonged to restaurant worker Donna Hanks, who assailed her evil bank for raising her mortgage by $300 and leaving her on the street. “This is our house now,” Beverly declared with Hanks by his side at the break-in.
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The Washington Post spotlighted Beverly and Hanks’ activism without ever following up on their criminal records and financial negligence. The paper also shilled for ubiquitous ACORN foreclosure “victim” Veronica Peterson of Columbia, Md., recycling uncritically her accusation that she had been tricked into buying a $545,000 home by a broker who inflated her income and misrepresented her assets. “These loans were weapons of mass destruction,” the single mom of three and home daycare provider who couldn’t keep up with her mortgage bills told the Post reporter. “They destroyed our credit, our lives, and they blew up in our face.’”
But a look at court and real estate records exposed the truth. Edward Ericcson, Jr., a reporter for the independent Baltimore City Paper discovered that the “victim” — who took out a full mortgage with no down payment on a house she couldn’t afford — looks more like a predatory borrower. And amazingly, Peterson lived in the home more than year without paying rent or mortgage.
RealClearMarkets - Print Version
There is a great irony that Washington will now lead the way in imposing new, stricter standards, including a tougher income-to-payment ratio, because it was Washington, prodded by affordable housing advocates, which pushed mortgage lenders to dilute their traditional underwriting values in the first place. Federal regulators attacked those established standards as being “unintentionally biased” against low and moderate income borrowers and used a variety of laws and regulatory bodies to push often resistant lenders into programs based on these lower standards. The government and those who backed its actions assured lenders these lower standards were safer than they thought, even though there was little research to support that contention. Now that a huge chunk of the market based on these debased standards has melted down, the government is going full circle.
The movement to water down underwriting standards grew out of claims of some housing advocates and elected officials that mortgage lenders were ‘redlining,’ or avoiding, certain urban neighborhoods, and that these credit-starved areas were decaying from a lack of capital. When bankers countered that they received few credit-worthy applications based on their traditional underwriting criteria in many of these neighborhoods, regulators and housing advocates began to argue that there must be something wrong with the lending criteria, which needed to change.
One group that led the way was the Association of Community Organizations for Reform Now, or ACORN, which began protesting bank mergers and expansion requests in the mid-1980s under the Community Reinvestment Act. In 1986, ACORN threatened to oppose an acquisition by a Southern bank, Louisiana Bancshares, until the financial institution agreed to new “flexible credit and underwriting standards” for low-income borrowers, including agreeing to take into account on mortgage applications such income as public assistance and food stamps. ACORN also led a coalition of community groups that demanded industry-wid
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And as their loan pools grew, their credit standards deteriorated. In a recent Forbes article Peter Wallison of the American Enterprise Institute and Edward Pinto, former chief credit officer of Fannie Mae, point out that by 2001, 18 percent of Fannie Mae’s portfolio consisted of loans to people with credit scores below 680�"the traditional definition of a loan to someone with riskier credit, who is also someone more likely to default.
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But that’s an argument that ignores the much broader role that government played in watering down standards, including using pressure to force players across the industry to participate.
American Thinker Blog: ACORN Brownshirts break into foreclosed homes in acts of 'civil disobedience'
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The answer is that ACORN is seeking to destroy property rights as any good little marxist organization would. Once property rights are history, no one will be safe and people will scurry to the protection that Big Brother offers in order to save what little they have. Property rights guarantee our independence. And that just won't do for ACORN and their allies.
If there's any way to nip this in the bud, it should be done immediately. But the bank probably won't lift a finger. ACORN's tactics would include picketing the bank and accosting their customers, threatening physical violence like all Brownshirts do.
So we better get used to the idea that your house isn't really yours as long as ACORN is around to contest it.
Documents Regarding Sen. Barack Obama's Previous Group Associations | Judicial Watch
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