Dobbs Tries To Blame Financial Crisis on ACORN
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ACORN dash8 dotNET
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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
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Anyone who thinks ACORN had dick all to do with the housing crisis is too stupid to do a google search.
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rofl
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franklin raines = obamas political campain manager?
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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.
3 years ago 2
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hey all they want is their piece of the pie. thats all.
then some more from the bailout
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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
3 years ago 2
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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 !?!
herbs275 3 years ago 4
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 3 years ago 2