Obama-ACORN Root Causes of Mortgage Crisis?
Sent to me by email. Dean
FBI Investigates
The high-risk subprime mortgage social engineering community service experiment by left-wing ACORN and Obama has created the largest financial crisis since The Great Depression. The full reach of the corruption and scandal may never be known but those who created it must not be rewarded.
The architects, primarily left-wing Democrats, created laws, took donations, looked the other way and instead were too busy overseeing donations to their own presidential campaigns and robbing main street blind.
Now these same left-wing Democrats blame everyone else and get up on their high horses and say, “we are here to save you” from the crises they created.
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Yes, Mr. Obama knows a great deal about the mess. He is a central figure in the left-wing ACORN exploitation of financial institutions and pressuring them to make high risk loans. The very same left-wing ACORN was guilty of voter fraud in the last presidential election.
Now these same Democrats want to do another high risk “community service,” social engineering experiment. They want to elect a high-risk, low experience, socialist one of the same community organizers that created the mess to be our next president. We cannot experiment with the office of president and learn as we go. Barack Obama is not qualified and has no history of success as a leader in government or business.
The FBI investigation
An FBI investigation is under way at Lehman Brothers and three other contributors to
Concerns that Fannie Mae, Freddie Mac, AIG or Lehman may have sought to encourage agencies to inflate their ratings — by offering higher fees or the promise of more work — form part of a broad inquiry by the bureau.
The agencies are widely regarded as having failed debt holders by attributing the top ratings to many securities that turned out to be extremely risky and have lost investors hundreds of billions of dollars.
The FBI, which is also investigating whether any of the four institutions deliberately misled investors about the true health of their assets, is expected to demand that they “hold all papers and e-mails under lock and key” as it sifts through the evidence, a source said.
FOLLOW THE MONEY AND CORRUPTION!
A Lending Policy created by democrats for democrats run by democrats monitored by democrats enforced by community organizer democrats and profited from by democrats.
The following information is condensed from an article by Stanley Kurtz. O's Dangerous Pals
Fannie and Freddie acted in response to
Obama Trains ACORN Staff in Shakedown Tactics
It would be tough to find an "on the ground" community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama. When Obama was just a budding community organizer in
He returned to
Obama Funds ACORN
More than that, Obama was funding them. As he rose to a leadership role at
That committee's report on strategies for funding groups like ACORN features all the key names in Obama's organizer network. The report quotes Talbott more than any other figure; Sandra Maxwell, Talbott's ACORN ally in the bank battle, was also among the organizers consulted.
More, the Obama-supervised Woods Fund report acknowledges the problem of getting donors and foundations to contribute to radical groups like ACORN - whose confrontational tactics often scare off even liberal donors and foundations.
Indeed, the report brags about pulling the wool over the public's eye. The Woods Fund's claim to be "non-ideological," it says, has "enabled the Trustees to make grants to organizations that use confrontational tactics against the business and government 'establishments' without undue risk of being criticized for partisanship."
Obama Aware of Intimidation Tactics
The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts.
And, as the leader of another charity, the Chicago Annenberg Challenge, Obama channeled more funding Talbott's way - ostensibly for education projects but surely supportive of ACORN's overall efforts.
In return, Talbott proudly announced her support of Obama's first campaign for state Senate, saying, "We accept and respect him as a kindred spirit, a fellow organizer."
In short, to understand the roots of the subprime mortgage crisis, look to ACORN's Madeline Talbott. And to see how Talbott was able to work her mischief, look to Barack Obama.
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Alan Gottlieb
AmeriPAC
President and Founder
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