GOP Uses ACORN to Fight Bank Redlining Law

[cal04]

http://www.nytimes.com/aponline/2009/10/12/us/politics/AP-US-ACORN-Housing.html

Conservative Republicans are capitalizing on the troubles of community activist group ACORN -- ranging from charges of voter registration fraud to embarrassing videos of its employees -- to revive their long-standing fight against a federal law that grades banks on their investments in poor and minority neighborhoods.

The 1977 Community Reinvestment Act was intended to end redlining, a practice in which banks in effect walled off many inner-city neighborhoods from mortgage loans. But some GOP lawmakers say it has outlived its purpose and is being used inappropriately by ACORN to shake down banks for money. They want to repeal the law, scale it back or at least block a Democratic proposal to expand it.

(snip)
ACORN said that nearly all the money it receives from banks is used to provide advice to first-time home buyers or homeowners who are at risk of losing their homes to foreclosures, and that the money isn't used for political advocacy.

''The Republicans are attempting to intimidate banks to halt monies that are used to help working families become home buyers or save their homes from foreclosure,'' spokesman Brian Kettenring said.

[jaxx]

1. The repugs hate anything for the people.

And they hate ACORN as bad as the people. Put together they can screw them both.....family values at work again.

I never used to hate, but I'm hating the rightwing with a passion these days. They make me sick.

[gratuitous]

2. Anything for the wrong people, that is

If you chose not to be wealthy enough to be able to hire an investment counselor, then you deserve to get taken for a ride by some sharp operator. Imagine, giving advice to first time homebuyers for free! Tell people what to look out for, and pretty soon it's going to be just too difficult for a crook to make a dishonest living. And then where would Republicans go for campaign contributions? You libruls are just a heartless bunch of meanies, you are!

[jaxx]

3. I figure they can go to hell for those contributions.

That or the C Street house of ill repute. ;-)

[KamaAina]

4. ACORN: The new Clenis.

Everything's ACORN's fault. McCain lost. Palin's fault, perhaps? Oh no. ACORN registered all those shady voters, you see. Banks in need of a bailout. Predatory practices biting them in the butt? Of course not. Big bad ACORN used the CRA to force them to lend to deadbeats. And so on. For all I know, ACORN made it snow in Denver the other day so they had to postpone the playoff game.

:sarcasm: :sarcasm: :sarcasm: