posts a video From April 3, 1998 of Clinton’s HUD Secretary Andrew Cuomo telling how they forced banks to make high risk affirmative action loans. CUOMO: To take a greater risk on these mortgages, yes. CUOMO: They would not have qualified but for this affirmative action on the part of the bank, yes.
To give families mortgages that they would not have given otherwise, yes. Q: Are minorities represented in that low and moderate income group?
A March 2, 2008, Los Angeles Times article by Letta Tayler and Keith Herbert, titled “Obama Forged Path As Chicago Community Organizer,” explored Obama’s pre-law-school days as a community organizer in Chicago and his efforts to build a partnership with Chicago’s “Friends of the Parks.” “Obama’s task was to help far South Side residents press for improvement,” the Times article explained.
National Review Online noted, “Part of Obama’s work, it would appear, was to organize demonstrations, much in the mold of radical groups like ACORN.” The Times article reveals that Madeline Talbott, who at the time was a leader at Chicago ACORN, was thoroughly impressed with Obama because “he got people to vote with their feet.” “At the time, Talbott worked at the social action group ACORN and initially considered Obama a competitor,” the article stated.
While ACORN remains riddled in scandal, lawmakers have voted to cut off federal funding to the group, the U. Census Bureau has severed ties to the organization – and the White House has blasted its behavior as “unacceptable.” But just how extensive are President Obama’s personal ties to ACORN?
The following is a timeline outlining some of the purported connections between the president and ACORN through the years: 1990s: Obama meets ACORN ACORN, or the Association of Community Organizations for Reform Now, first noticed Obama when he was organizing on the far south side of the city with the Developing Communities Project.
“But she became so impressed with his work that she invited him to help train her staff.” Talbott personally led Chicago ACORN’s campaign to intimidate banks into making high-risk loans to low-credit customers, Stanley Kurtz reported.
“Long the director of Chicago ACORN, Talbott is a specialist in ‘direct action’ – organizers’ term for their militant tactics of intimidation and disruption,” Kurtz writes.
I see many of the hundreds of message boards and blogs that link to my post, but few arguing one way or another are really reading the arguments and the evidence and addressing them.
The national organization is based in Washington, DC, and deals with finances and governance.
It also coordinates national issues-based campaigns and voter registration drives.
They also championed the sale of these loans to Fannie Mae as a key program that would alleviate the lenders of any risk in lending: CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods.
That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in “subprime” loans to often uncreditworthy poor and minority customers.