Thursday, October 9, 2008

What is ACORN?

Who is ACORN?

I first heard of ACORN during audits of lending policies and practices between two merged banks. I learned that ACORN was similar to CRA, (Community Re-investment Act), a Congress mandated regulation between banks and communities to re-invest profits back into the communities where the banks operated. It was to help good customers, living in depressed areas, obtain favorable loans to rehabilitate their homes and small businesses.

ACORN is described as: ACORN Housing provides mortgage loan counseling, first-time home buyer classes, and helps clients obtain affordable mortgages through unique lending partnerships. They even set up their own lending institution as a non-profit mortgage brokerage with CitiMortgage, Bank of America, First American Title Insurance Company, and Fannie Mae to help low- and moderate-income families find safe, affordable mortgages.

So when I heard about ACORN and voter fraud, I was a bit confused. Why would a mortgage broker be involved with voter registration? Remember no good deed goes unpunished. Of course this early example of wealth re-distribution would have a liberal foundation and why not take advantage of your benevolent presence in the community by signing up voters to support the party that took all the credit for these low-income programs? Yes, the Dems. What other party does more to take so much from the middle class and give so little to the poor and lazy?

Yes, ACORN now receives large sums of money from the taxpayers, thanks to O'bama, Pelosi, Franks, Reid, Dodd, etc, to operate bipartisan (Ha Ha, you mean democrat) voter registration organizations. They even tried to include this bunch of crooks in the $700 billion bailout until John McCain stood up for the House Republicans. Lord help this country when O'bama, Pelosi and Reid are in charge. And just think of the liberal judges they will appoint to the Supreme Court in 8 long years, or longer if you listen closely to what O'bama says.

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