ACORN is a radical left-wing group with ties to liberal politicians that will receive taxpayer subsidies through the Congressional mortgage bailout legislation nearing passage. (Bush has expressed distaste for the legislation, which Congressional leaders love, but may not follow through with his earlier threat to veto it).
ACORN hid massive embezzlement for years in an attempt to prevent public scrutiny of its finances and in order to prevent the embezzler, the brother of its founder, from being prosecuted. ACORN helped spawn the mortgage crisis by promoting “liar loans.” ACORN also engages in voter fraud intended to benefit liberal politicians.
The mortgage bailout legislation will also provide pork for left-wing groups that harass bank managers’ children to intimidate them into making loans to people with bad credit and support welfare benefits for illegal aliens. It will cost taxpayers billions, bail out irresponsible lenders, and encourage borrowers to default.
No wonder congress’s approval rating is in single digits. Why in the world are these democrats expected to increase their power in November? Has the world gone mad?
Bring back voter intelligence testing — NOW!
Certainly, mortgage refinancing can help you create a better financial picture for yourself. But to get the most out of your refinance, you’ll need to conduct plenty of research to arm yourself with the necessary refinancing information. There are going to be upwards of two million properties lost to foreclosure in the next 18 - 24 months. That horse has already bolted! The short sale process is a responsible answer to help mitigate most of these situations. In the current climate of economic uncertainty the decision to refinance should not be made in haste. The situation helps both the foreclosing bank and the defaulting homeowner. So fasten your belts as we are in for a rocky ride! Anyway I have bookmarked your site with del.icio.us as I plan to drop by again.
Wow, powerful stuff. I address similar issues on http://www.brokerpolice.com.
Good luck
i would like to see this information more widley publisized we just cannot have this monster as president of the usa. Why isn't McCain useing this information I feel it is important information for everyone to know. Why isn't the media making this monster known?
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This is indeed an interesting post, it seems that you are an expert in your field.
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Best Regards,
Craig Leshinger
National Modification Corp
Election is now over and Barack Obama has won the position of the next president of the United States. There are lots of expectations that wait for him and lots of promises to be fulfilled. Obama has promised the U.S. a lot of things like lower taxes for the middle class, putting a timeline on the war in Iraq, and trimming the federal budget “line by line.†What many Americans don’t realize is that Obama has also supported the elimination of the payday loan industry. Obama thinks doing away with the payday loan industry will protect low-income, and often minority, families from being victimized by predatory lenders. However, getting rid of the payday loans is a violation of our financial freedom. Maybe Obama will give America what it needs, but taking away our financial freedom isn’t a great start to creating positive change. Read more on this topic Obama to Bring Change
And, of course, Obama was knee deep in this Acorn mess….
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My best regards,
Mortgage approvals still falling