Embezzlement Covered Up By Mortgage Bailout Bill Beneficiary

Posted by Hans Bader

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. 

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07/09/2008 @ 1:40 pm | Economic Liberty, Politics as Usual | Comments

6 Responses to “Embezzlement Covered Up By Mortgage Bailout Bill Beneficiary”

  1. Posted by: Surelock Homes - 07/09/2008

    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!

  2. Posted by: Massive Bank Failure, While Congress Pays Off Special Interests | OpenMarket.org - 07/12/2008

    [...] bill that will rip off taxpayers to pay off politically-connected lenders and give handouts to corrupt left-wing special interest groups like ACORN that engaged in the very practices, like “liar [...]

  3. Posted by: Schumer Caused Banking Crisis, Not O.T.S. | OpenMarket.org - 07/15/2008

    [...] Banks that refuse to make such risky loans can end up facing sanctions under laws like the Community Reinvestment Act, a regulatory nightmare dreamed up by liberal lawmakers.  They also end up being accused of racism and discrimination.  (To avoid being subject to such charges, they sometimes pay off corrupt left-wing groups like ACORN, which promoted practices that helped spawn the mortgage crisis,…). [...]

  4. Posted by: The Mortgage Slush Fund Gets Bigger - 07/27/2008

    [...] Left-wing groups like Acorn and LaRaza will be beneficiaries of supposed spending on “affordable housing”. Well-connected developers will rake in plenty of cash as well. [...]

  5. Posted by: Free Mortgage Refiancing Advice - 08/05/2008

    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.

  6. Posted by: Mehdi C. - 08/12/2008

    Wow, powerful stuff. I address similar issues on http://www.brokerpolice.com.

    Good luck

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