The Truth About ACORN

Republicans Racial Profiling in NM? (0.00 / 0)

Sure looks that way.

Many of the voters who are finding themselves excited enough to participate in our democracy for the first time in their lives are going to be targeted in the same way by Texas Republicans.

As Francisco notes, use of the SSN number like this is a felony.

So we're not talking some theoretical Hall of Shame, but jail time.

Better be careful, Republicans.

Before you win, you have to fight. Come fight along with us at TexasKaos.

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by: boadicea @ Wed Oct 29, 2008 at 11:43:20 AM CDT

Happy Birthday! (4.00 / 1)

Thanks for this crucial information on ACORN.  There has been so much misleading BS out there on this issue.  I'll upload the videos on my facebook account this evening...

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by: Libby Shaw @ Wed Oct 29, 2008 at 14:36:49 PM CDT

Thanks! (0.00 / 0)

So far, so fun.

Before you win, you have to fight. Come fight along with us at TexasKaos.

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by: boadicea @ Wed Oct 29, 2008 at 14:37:22 PM CDT

[ Parent ]

Another good article on ACORN (4.00 / 1)

City Limits
ACORN LED FINANCIAL SECTOR WITH WARNINGS ON LENDING
The national advocacy group appears to deserve recognition for its prudent -- and ignored -- early advice about home loan practices. > By Eileen Markey

City Limits WEEKLY #661
October 27, 2008

Remember when money was easy to come by? Neighborhoods that banks long ignored were suddenly flush with cash. Loans everywhere. Properties changing hands. Bad credit, no credit, become a homeowner. The American Dream is yours.

Now that the country is deep into the quaking aftermath of that dream, turned nightmare, fingers are being pointed at ACORN and other community organizations that encouraged mortgage lending in low-income communities. The argument, much heard of late in conservative outlets such as the Wall Street Journal's editorial page, Rush Limbaugh's influential radio show, and the pages of the National Review, is that grassroots groups, empowered by the Community Reinvestment Act, bullied banks into making irresponsible loans in low-income neighborhoods. The bad loans, then divided and repackaged into forms like "mortgage-backed securities" and other more exotic financial products, ultimately circulated into the economy like Typhoid Mary, sending modern capitalism into the sick ward.

(snip)
In fact - according to a string of 1999 and 2000 reports in American Banker, a 173-year-old publication calling itself "the leading information resource serving the banking and financial services community" - ACORN was an outspoken, consistent advocate for exactly the kinds of regulations that experts across the political spectrum now agree could have prevented the global economic crisis.

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by: sonias @ Wed Oct 29, 2008 at 14:38:40 PM CDT