ACORN caused mortgage crisis and bailout

ACORN helped cause the mortgage meltdown with its love for sub prime loans that it forced banks to " redline " .
Obama is a big supporter of this group by the way.

Category:

News & Politics

Tags:

• ACORN
• bailout
• mortgage
• crisis
• subprime
• lending
• Obama
• support

[KilroysGat]

Force banks to give home loans to scumbags and wonder why you have a sub prime problem.

[FreedomsPatriot]

ACORN is a scam and mostly about money for signing up Mickey Mouse!

[michaeljackson200]

The sub-prime meltdown goes back to 1994, when Clinton created a National Homeownership Strategy that got risky borrowers to take out mortgages that they couldn't pay back. This was a real bad idea. So many houses are getting foreclosed on;That is not a good thing. It is both Clinton's fault for allowing these loans to be given and the fault of people who are considered risky borrowers for getting these loans.

[TheRokit76]

If you "Sheople" think that it was all wall streets fault, you need to pull you heads out of your asses!!! O'Barry himself says on video they at acorn forced banks knowing people would default! If you're to stupid to believe O'Barry himself, then you're just too fuckin stupid !!!PERIOD!!!

[orange343434]

Oh man, the notion that ACORN forced the powerful banks to make these loans -- loans that required no proof of income and had ballooning interest rates in pages of fine print is just ridiculous. Not to mention Wall St. wanted these loans to bundle into toxic financial products they profited off, and that caused the systemic crash.

[NotaBeetleFan]

ACORN is reconstructuring into a new group. Have you heard? It's now getting a extended arm backed by Soros called, the coffee party.  A pro Obama big government elitist group that brings people together, teaches the Delphi technique, then teaches people how to make posters to call out for the govt to have too big to make ideals.

Howtheworldworks went to one and filmed it.

[MrPStarr]

@macnob123

Hey Knucklehead,

Those people who could pay at first but not when the rates went up AGREED to an ARM loan, i.e., an "ADJUSTABLE RATE mortgage." They knew it was going to happen! If they didn't, THEY DIDN"T READ THE CONTRACTcarefully! What an f'ing idiot you are. Typical "progressive."

[macnob123]

thats not the whole story most of the people could pay for these loans what happin was one day they where paying 1500 a mouth and the next mouth they where paying 4000 so dont blame the Victim it's wall street that fucked us if it was up to me i would shut down wall street for good they are nothing but a bunch of banksters

[densellers]

ACORN = FRAUD = OMAMA = WE ARE SCREWED

[mannyfeseha]

thehelpfund.blogspot

[PDXMILO]

I appreciate your thoughtful discussion here, something you don't find much on the internets.