Tag Archive | "liar loans"

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“How ACORN Destroyed the Housing Market”

Federal affordable-housing mandates were a major factor in the mortgage crisis, fueling the housing bubble and the subsequent collapse of the housing and financial markets, which helped bring down the economy.  Even the liberal Village Voice has admitted that.  Who drafted those awful mandates?  ACORN, reports the Washington Examiner, in “How ACORN Destroyed the Housing Market.”

How did ACORN cause the “housing bubble” and “financial collapse”?  ACORN lobbyists drafted “affordable-housing” mandates to pressure the mortgage giants to buy up more risky loans and mortgages…

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Posted in Bailout Watch, Economy, Legal, Personal Liberty, Politics as Usual, Precaution & Risk, SanctimonyComments (0)

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ACORN Sues Whistleblowers for Exposing Its Wrongdoing in Scandal

ACORN is now suing the whistleblowers who allegedly filmed it promoting illegal sexual activities for $2 million! And not just them, but also the conservative web site that made the video public! ACORN seeks an injunction to silence them — a classic example of an unconstitutional prior restraint.

That’s a flagrant violation of the First Amendment, but the lawsuit was filed in state court in Baltimore, where the judges are very liberal, so who knows if ACORN’s lawsuit will be dismissed. Even if it…

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Posted in Deregulate to Stimulate, Healthcare, Legal, Personal Liberty, Politics as Usual, Privacy, SanctimonyComments (0)

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Yet Another ACORN Scandal

ACORN, which had its housing funds cut-off by Congress over a recent scandal, is now embroiled in a tax-evasion scandal, reports the Washington Times.

ACORN has long received taxpayer money despite a history of financial fraud and voter registration fraud.  ACORN helped spawn the mortgage crisis by promoting “liar loans.”

ACORN is a left-wing group that launched Obama’s career as a community organizer.  He has long-standing ties to ACORN, and an ACORN affiliate received received $800,000 from Obama’s campaign.

ACORN stands to profit greatly from Obama’s financial-regulation proposals, which would strengthen…

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Posted in Healthcare, Legal, Politics as Usual, SanctimonyComments (0)

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Bailouts for Liars, Illegal Aliens, and Undeserved Bonuses

Insurance giant AIG, bailed out by taxpayers for $170 billion, is using taxpayer money to pay executives in the division that brought it to the brink of collapse millions of dollars in bonuses! (AIG may have hoped its donations to liberal politicians, such as $103,100 to Sen. Chris Dodd (D-CT) in 2008 alone, would shield it from scrutiny).

The Senate voted down an amendment by Jeff Sessions (R-AL) that would have kept federal stimulus money from hiring illegal aliens, resulting in up to 300,000 jobs being filled by…

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Posted in Bailout Watch, Economy, Employment, Labor, Legal, Politics as Usual, Stimulus to NowhereComments (3)

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