Obama-ACORN Root Causes of Mortgage Crisis?
Obama-ACORN Root Causes of Mortgage Crisis?
FBI Investigates U.S. Financial Crisis - Where Did $1 Trillion Go?
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 bus y 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.
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 America’s financial crisis to determine whether they put pressure on ratings agencies to award top ratings to securities they issued.
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.
How did we get here?
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.
Fannie and Freddie acted in response to Clinton administration pressure to boost homeownership rates among minorities and the poor. However compassionate the motive, the result of this systematic disregard for normal credit standards has been financial disaster. ONE key pioneer of ACORN's subprime-loan shakedown racket was Madeline Talbott - an activist with extensive ties to Barack Obama. She was also in on the ground floor of the disastrous turn in Fannie Mae's mortgage policies.
Obama Trains ACORN Staff in Shakedown Tactics
acorn_activists 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 Chicago, Talbott was so impressed that she asked him to train her personal staff.
He returned to Chicago in the early '90s, just as Talbott was starting her pressure campaign on local banks. In those years, he also conducted leadership-training seminars for ACORN's up-and-coming organizers. That is, Obama was training the army of ACORN organizers who participated in Madeline Talbott's drive against Chicago's banks.
Obama Funds ACORN
More than that, Obama was funding them. As he rose to a leadership role at Chicago's Woods Fund, he became the most powerful voice on the foundation's board for supporting ACORN and other community organizers. In 1995, the Woods Fund substantially expanded its funding of community organizers - and Obama chaired the committee that urged and managed the shift.
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 "nonideological," 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.
Select Below to Demand Congress Protect Taxpayers Not Speculators
FAX All Congressmen - Tell Them No Bailout – Prosecute Offenders!
https://secure.responseenterprises.com/ameripac_bailout/?a=1791
HUNDREDS OF THOUSANDS of faxes are needed to be delivered to EACH AND EVERY Congressman right away. Be sure to send this Alert to EVERYONE you know who wants to help FORCE our government to STOP the EXCUSES and Save Main Street Not Wall Street!
Tell the Congress to Stop the Wall Street Bailout and Prosecute!
FAX All Congressmen - Tell Them No Bailout – Prosecute Offenders!
https://secure.responseenterprises.com/ameripac_bailout/?a=1791
Keep calling your Congressmen today, toll free numbers include 1-877-851-6437 and 1-866-220-0044, or call toll 1-202-225-3121 AND REGISTER YOUR OUTRAGE at increasing oil prices!
DO NOT BE SILENCED – MAKE YOUR VOICE HEARD!
NOTE: We need HUNDREDS OF THOUSANDS of FAXES and PHONE CALLS delivered to ALL Congressmen right away!
Together, we can preserve the Constitutional rights our Founding Fathers intended our people to have forever.
Since 1980, AmeriPAC has helped fund and elect a large number of candidates to public office. In addition to direct financial support of candidates, AmeriPAC also makes independent expenditures, funding proven campaign techniques such as media appearances, press releases, newspaper and magazine advertisements, direct mail, yard signs, television and radio commercials, bumper stickers, and billboards. Scores of candidates from coast-to-coast have received direct and indirect support through AmeriPAC.
Tell us you agree that our nation would be jeopardized by the radical changes being advocated by Barack Obama and his far left friends. Send your contribution to help defeat Barack Obama and restore the Republican majority in Congress in the upcoming November election.
It is time to say we the American people will pick our president.
Your voice can be heard — we need your urgent help at AmeriPAC
Your maximum possible gift of $5,000 would help us enormously.
Even smaller donations are going to help.
Do anything you can to give us the ammunition we need to fight for John McCain and Sarah Palin.
Any amount — $1000, $500, $250, or even $100 will help show the truth before the November Presidential election It’s time we stood up and said enough is enough! Please join us with your AmeriPAC donation TODAY. Thank you.
SELECT HERE to DONATE NOW. Stop Obama and His Supporters!
https://secure.responseenterprises.com/ameripac/?a=1791
For more information, visit www.ameripac.org
Defend America,
Alan Gottlieb
AmeriPAC
President and Founder
www.Ameripac.org
Please make checks payable to AmeriPAC
American Political Action Committee (AmeriPAC)
PO Box 1682
Dept Code 1791
Bellevue, WA 98009-1682
Thank you for your support of AmeriPAC's important projects.
Contributions made to AmeriPAC are not deductible for tax purposes.
posted by Fred Martinez @ 8:38 AM
1 Comments:
In 2006, Obama requested that Will County receive $1.3 million to support its Flood Studies for Unincorporated Will County.
In 2006, Obama requested $800,000 for the Will County Sheriff’s Office Wireless Communications Technology Upgrades.
In 2006, Obama requested $1,953,331 for Will County’s Ridgewood Water and Sewage Project.
In 2005, Obama requested $2 million for the Lewis University in Romeoville, Illinois, to establish a Center for Academic and Community Learning, which is designed to address the significant educational needs of the less advantaged in the Will County region by providing academic assistance not only for students on campus but also for residents of the surrounding communities.
Post a Comment
<< Home