Dobbs Tries To Blame Financial Crisis on ACORN

[shellymic]

ACORN dash8 dotNET

[alvagoldbook2]

Anyone who thinks ACORN had dick all to do with the housing crisis is too stupid to do a google search.

[jjrglobal]

alvagold is a commie bitch that wants everyone else to take care of him, so his fat ass can sit around and smoke pot and eat cake mix

[BeantownJim]

franklin raines = obamas political campain manager?

[averageworkinggal]

ACORN used the CRA in the early 1990s as the stepping stone to reach the mortgage titan GSEs and corrupt the GSEs with loose underwriting standards that fueled the subprime boom which caused the housing bubble.

Yes, we can blame the CRA since it was a key element of the 'housing goals' socialist ideology at the root of the financial bubble which led to the meltdown.

[averageworkinggal]

It's not just the CRA. It's socialist HOUSING GOALS that the CRA wqas a key element of.

All those 2004-2006 subprime loans that weren't CRA were fueled by Fannie and Freddie buying them up as subprime mortgage-backed securities from Wall Street.

F&F were on a mission, their 'affordable housing mission', from Dems in Congress, this time to buy up MBSs instead of buying individual mortgages, as amends for getting caught doing Enron-accounting.

[sazerac1]

Of course ACORN was a big part of the crisis. They bullied banks and our democrat politicians. Traitors, really.

[herbs275]

hey all they want is their piece of the pie. thats all.

then some more from the bailout

[mmaiato]

The worste thing about the pandering this Ahole does on a daily basis is the fact that Acron by law must submit ALL registration forms, even ones with Mickey Mouse on them. They sort the forms by -validated, not-validated fully, & most likey fake, before submitting them to the Govt. So this BS you hear about (republican ploy to not talk about real issues); is information PROVIDED BY ACRORN.... Its such non-sence...

[albans11412]

There was nothing wrong with wanting moderate and lower income families to partake in the American dream of home ownership. Its greed on everyone's part starting with the home buyer who wanted a home they cant afford, the bank who gave them bad mortgages (ARMs & pick a payment mortgages) so they can afford it for a few years and wall street who made these loans into investments and the gov't for not regulating and monitoring more.

[xpandergt]

Not only has ACORN played a massive role in the financial crisis the world now faces, it is now tryind to undermine the democracy of our voting system. The ACLU is bad, but this group almost makes them look like boy scouts.

[xpandergt]

This isn't a right vs left issue this is about who is guilty in this!!How much long can the overwhelming evidence on who caused this be ignored!!!Put the partisan crap aside. Banks are in the business to make nice safe performing loans not risky loans.

[xpandergt]

EVEN CNN FIGURED IT OUT!!!!

[dastardlydude67]

The "U.S. Financial Crisis" is the fault of...

Get this...

The U.S.

Ain't that a hoot?

[BrotherMurray]

In 1999, The New York Times wrote an article which shines a light on the issue:

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

The NY Times worried about the issue and even went on to mention the government bailout of the subprimes in the 1980s.

RESEARCH!

[herbs275]

LEARN FROM HISTORY PEOPLE

this was written1 and 1/2 hears before bush was elected

community reinvestment act of 1977 was under..... carter?

[PorkFrog]

''These jiggaboos think money grows on trees? ''

money does grow on trees

It's just paper

hence the problem with the Federal Reserve

as for 'jiggaboos'

what's a jiggaboo'?

[mrspogadaeus]

It's a racist reference to black people... and a very rude thing to say.

I don't think people who can't afford to pay back loans should get them, but that doesn't mean we should call them names like children in a schoolyard. Geez.

To loan money to someone clearly not able to repay is fiscally foolish.

Say you have an uncle who has a job - doesn't pay much. He wants to borrow your money. He's borrowed from you before and not paid back. Do YOU loan him the money? If you do, it's Bye bye money

[liberalsmasher]

tries to blame them...they are crucial to this crap

[FairlyGrrl]

He isn't 'trying'. He's just pointing out what everybody already knows. You got a lot to learn, little girl.

[driubi]

ah, republican's want to try to shift blame, by blaming acorn. The problem was deregulation.

Also, was it acorn that was selling minorities sub-prime loans when their financial situation could have gotten them a better one?

[TribeTPaul]

Let's look at predatory lenders.

[jlassie]

Lou Dobbs' brain is the size of an ACORN.

[fireball676]

well i think hes right on this one, and a lot of dems are switching their ballets now, good luck jack ass.

[visiblepulse]

view "Money as Debt" at yellowlambָcom

get all the way through the presentation and you will understand that the bailout is only a temporary fix.

share it with everyone and encourage them to view it. After the financial recovery, we must not return to the same fiat system.

[rwj1957]

my points are made. trying to show that has and does happen. who was in charge when the bill that is mentioned in this article? CLINTON? Clinton Raynes is now a ecoadvisor for OBAMA. Other ecoadvisors are from fannie.

[rwj1957]

and lets not forget the constant....racist comment from people when we want to know answers. it is a proven fact, under numerous articles outside of youtube as well as in it that proves ACORN has: forced by whatever means possible low income loans; been investigated, indicted, imprisoned for voter fraud; had acorn lawyers (such as Obama in the motor voter case) press their motives and agenda.

[FairlyGrrl]

If you're not a fanatic you understand this implicitly. You also know you don't lend money to people who won't pay back. ACORN: trying to accuse banks of being 'racist' because they won't lend money to people who can't pay back. These jiggaboos think money grows on trees? The sorry mess has kept afloat for so long because it initially caused a housing boom, prices kept going up. Then the bubble burst. The AAs have taken over the US. All on their own they're driving the country into the ground.

[rwj1957]

all you democratic liberal obama followers do is bash ANYONE that questions the credentials or background of your candidate. mccain has ghosts in his closet too, i will give you that.

[rwj1957]

oh yeah, lets talk about that savings under obama plan. lets see, cut my taxes 95%. tax companies and corporations at a higher rate. then those same corps and cos raise prices to cover the loss due to taxes...i shop, i suppose you do to. lower or abolish the capital gains tax, investors and corps invest in themselves, bring jobs, income and yes some taxes as well.

[rwj1957]

show me the websites to back up your statements.

[rwj1957]

let me guess baronmorris....

you are voting for obama.

[rwj1957]

cobwebhead...

are you just not able to see the facts. barney franks told bank lenders to loan to low and moderate income families, acorn and laraza enter in the market, fannie and freddie gave a lot of money to candidates. Dodd, Franks, Obama to help support fannie freddie and acorn.

[driubi]

why would fannie and freddie give money to support acorn - a org that sued them. Lets get some basic logic straighten out before you type next time.

[herbs275]

maybe because barney franks boyfriend was a higher up in fannie mae. walked away with millions and is currently running a POTTERY BUSINESS

Whrs the investagation into this !?!

[BeantownJim]

rofl

[rwj1957]

typical democratic liberals. bash someone on tv or in public when there is proof on the web, corporations that keep EVERY american informed regardless of party affiliation. you just deny and call names when you are uninformed. it is not being racist when you call this what it is.

[rwj1957]

ACORN, known for, investigated for, prosecuted for, imprisoned for:

YOU GUESSED VOTED FRAUD. look up acorn fraud under search

and its all there. Obama was the lawyer for them, trained them in classes,

and then sued for them to defeat the Motor Voter Law. It seems they did not

want that pesky ID requirement to vote.

[rwj1957]

ACORN members plan to hold Secretary Paulson accountable and ensure he uses this authority to make streamlined loan modifications a priority for struggling American families."

ACORN members plan to hold Secretary Paulson accountable and ensure he uses this authority to make streamlined loan modifications a priority for struggling American families."

[rwj1957]

this was taken straight from acorn's press release page from their webpage

it is found at

acorn dotorg slash index dotphp?id=12439&tx_ttnews[tt_n­ews]=22344&tx_ttnews[backPid]=­12387&cHash=1412059e6e

[rwj1957]

ACORN members are extremely disappointed that the bailout package does little to assist these homeowners, such as providing them relief through the bankruptcy courts. Although weak, there is language in the bailout package authorizing Treasury Secretary Henry Paulson to facilitate more loan modifications. ACORN members plan to hold Secretary Paulson accountable and ensure he uses this authority to make streamlined loan modifications a priority for struggling American families."

[herbs275]

LOL

it didnt work the first, so we will make it more streamlined?

that is absolutely insane.

NINJA loans No Income No Job No Assets, after they run the house down and stop payments, they leave in the middle of the night like a ninja

[GotToPractise]

This is simply a program for an old man to vent his anger.

[cobwebhead]

This is such a joke. Read any economic analysis of the crisis. It has nothing to do with minority lending.

[baronmorris]

Dobbs = douche.

can't believe this dismal old codger still has a show... but then I guess they have to have something to watch at retirement homes.

Somebody tell him it's the 21st century pls. Scapegoating is sooo last decade.

[codingkriggs]

Are you kidding me? Dobbs, you kill your credibility when you blame everything, right down to this economic crisis, on illegal aliens.

[lrn2wlk4life]

So you are saying that the financial problems DO NOT have anything to do with giving loans to people who can't pay them?!? Does ACORN threaten to sue banks who don't employ racial quotas in their lending? You are making conclusions but showing no evidence that ACORN is NOT to blame. Come on friends, you cant get better until you know you have a problem, like AA. Our problem is that we shouldn't have make 100% financed and no-doc loans like ACORN forced down the banks throat.

[baronmorris]

All that hatred will soon give u cancer. Have fun with that.

ACORN IS NOT TO BLAME!

- when institutions fail, u don't blame the clientele.

- clear & simple, it's over de-regulation come home to roost. If more safe-lending regulations were in place, the whole premise of ur ridiculous scapegoating would be moot. Who de-regulated? Republicans like JOHN MCCAIN!

How much would OBAMA's tax plan save U?

alchemytoday. com/obamataxcut/

Good luck with ur xeonophobia.

No tacos for you! ;-)

peace!

[lrn2wlk4life]

baronmorris: Google "Cloward-Piven Strategy" my friend. ACORN purposefully floods the voter registration system with fraudulent (fake) people so that the institutions fail. Then they seek to replace it with their socialism. Yes, you can blame the clientele when their goal is institutional failure.

Obama tax policy will raise capitol gains, meaning grandparents living on bond interest. Obama will raise the death tax so farms can't be passed to kids.

[baronmorris]

back in December of 2005 --- when high-level GOP operative James Tobin was actually found guilty of jamming Democratic 'Get out the Vote' phone lines in order to keep voters away from the polls in 2002 by "orchestrating an election day phone-jamming plot against New Hampshire Democrats" --- the ACORN nut had already fallen off the Republican's "vote fraud" tree.

[baronmorris]

ACORN VOTER FRAUD IS A ROVE MYTH!

bradblog. com/?p=4276

[remove space]

[lrn2wlk4life]

AR 1998 A contractor with ACORN-affiliated Project Vote was arrested for falsifying about 400 voter registration cards.

CO 2004 An ACORN employee admitted to forging signatures and registering three of her friends to vote 40 times.

FL 2004 A Florida Department of Law Enforcement spokesman said ACORN was "singled out" among suspected voter registration groups for a 2004 wage initiative because it was "the common thread" in the agencys fraud investigations.

liveleak. com/view?i=433_1222804227

[baronmorris]

who was convicted, of what charges, & when? barring a detailed response I will assume it's all empty hype.

BUT, if 1 or 2 acorns r rotten, it still doesn't mean that all acorns r rotten. (check yard for proof!)

The goals of ACORN r not only legitimate & important, they r patriotic.

Or perhaps ur one of those people who believes we only need voters of a certain "quality".

Bet the axe ur grinding isn't w ACORN, Obama, nor even Democrats or liberalism. What were u pissed at b4 u got political?

[fireball676]

you need to get your ass beat baron morris, left wing ass wipe, im neutral but now i really have a side on this one, wait till fbi and cia grill his ass and acorn.

[jzj9yx]

That's such crap. The "death tax" is a simple estate tax; you don't get taxed for dying. If you're middle class -- as I suspect you are -- then you don't pay a special tax when you die. You can actually leave a LOT to your kids without it being taxed; it is only the very VERY rich who are affected by this.

The genius of the Republican party is that they have suckered so many of you middle-class bastards into believing that they're talking about YOU.

[lrn2wlk4life]

jzj9yx: Your argument makes sense for city people who live on credit but country people who live on farms don't use the equity in their home to buy starbucks coffee. They never see the value of their farm until you rotten stinking thieves take it in a death tax and give it to a worthless bum who has never worked or saved a day in his life.

The tragedy of the Democrats is that they have suckered so many of you middle-class "bastards" into believing that you are a victim. STAND ON YOUR OWN PUNK

[baronmorris]

lrn2wlk4life, something tells me u would have make a good SS officer.

that's bad, mmmkay?

;-)

[desertsoldier22]

The problem is, the money that is being taxed by the estate taxed has already been taxed when the deceased individual paid his income taxes. How about curbing government spending instead of taxing people twice to force a form of socialist income distribution. This America not the USSR, People are rich because they worked harder and earned their money and wish for their children to continue having the lifestyle they worked hard for. In America you have the right to keep the property you own.

[ebleyes]

This guy has lost his mind, blame the left wing and illegal aliens!!