ACORN protest preditory lenders in LA 2004

ACORN warns about preditory practices @ their Los Angeles national convention, 2004...Now it has turned into an economic sunami

Category:

News & Politics

Tags:

• preditory
• lending
• subprime
• loans
• arm
• commentary
• analysis
• grassroots
• outreach

[maurice11]

not against banks:excellent realtionships with honest ones(many have failed due to subprime loans, bundling and other schemes others have been bailed out... more on the way l)" Civil disobedience is one of the many ways people have rebelled against unfair laws" .The City of Baltimore - our elected officials are suing Wells Fargo. . Your choice of concacted as a description is misguided and not based on fact. The Court has studied the statistics and a witness has stepped forward.

[1marchib]

its time for people to start taking responsibility for their own mistakes. The sub prime mortgage crisis was a culmination of faulty, overlooked lending as well as policy holders extending beyond their limit and buying a house they cannot afford. It is not the corporations fault and it is certainly not the taxpayers obligation to save your house. All of these innocent people you see, parading around in their acorn shirts, have no clue that Obama cannot do much beyond talk about saving your house

[maurice11]

its much more complicated than that my friend. Acorn housing has a 99% retention rate because they understood the problems, demonstrating against Wells Fargo was an attempt to high light these issues.Baltimore City has a lawsuit against them as we speak,due to a report created by ACORN. Lets see how tht turns out.

The Bank regulators failed to do their job ... Country Wide is a good example

stay tuned ...

[maurice11]

when u get a lifde ...now go away

[HR1800]

It is sad to be USED by Obama. At present they do not realize it but will. Hindsight is better than foresight. If they understood, if you are poor in the new proposed system, it is to let them die. I'm a nurse X 30 yrs. It also will collapse the system of hospitals. It will be terrible to see...

[maurice11]

so what do you propose in exchange for a broken system that fails to care for its poor.

seems to me you have benefited from the status quo and dont want to see progress

[curlybobz]

What does ACORN consider a preditory lender ? Any bank that expects to be paid back?

[jeffmagic32]

These people are thieves.

[1marchib]

I am not saying that the crisis is all the homeowner's fault, but I highly doubt any of those acorn members step away from blaming the banks, and think if any of it was their fault. ACORN has gone from peaceful, yet ineffective, protests and is now practicing civil disobedience by breaking into foreclosed homes and staging sit ins. I dont understand what they could be suing wells fargo for, mainly because all allegations against them were concocted by ACORN to vilify corporations.

[TheFreedomFan]

hey when are yall gonna change your name huh? lol

[maurice11]

simple minded... does not merit a responce