Posted by
Rajjpuut's Folly on Friday, September 18, 2009 3:46:39 PM
They've leveraged the magic word "racism" into extortion of the country's financial and government institutions . . .
Anti-American ACORN Attorney Barak Obama
Pioneered Bank Extortion Methods
that Brought on the Present
Financial Mess
The evil process we’ll talk about, is NOT just history, but is ongoing and even accelerating today as this blog itself is being written. Even today ACORN uses ineffectual and poorly crafted mortgage-guarantee laws first created by Jimmy Carter in 1977 and then put on steroids in 1998 by Bill Clinton, to bring America to its knees. Infamously, prior to 1998 and afterward they used poor blacks and poor whites in the inner cities to bring out the extortions we’ll discuss here . . . right now they’re using American laws to put the same mortgage-guarantee legislation at work for illegal aliens, Rajjpuut said “RIGHT NOW” and “right now” are indeed the two operative and crucial words . . . 40 million illegal aliens are ACORN’s resources for dragging America further into the financial depths . . . .
Even as ACORN makes a big show of throwing minor-league agents caught red-handed in corruption on videotape, the ACORN leadership itself is continuing the evil process that's bankrupting the country . . . this time courtesy of illegal aliens with the United States government itself being extorted by the magic word "racism" to look the other way as the country's birthright is swindled away . . . to be more accurate, since that word will definitely be leveled at Rajjpuut and others who reveal ACORN's illegal and anti-American activities, let’s call a spade a spade, here’s how they operate . . . they relentlessly leverage the magic word "racism" into extortion of the country's financial and government institutions . . . and even into winning the oval office. Let’s be clear here: 96% of the nation’s Blacks voted against John McCain; 47% of its Whites voted for Obama . . . racism, actual racism, is as racism does . . . .
ACORN itself is not just the fraudulent activists, that very same San Diego ACORN office at the center of today’s latest underage prostitution scheming recently announced yet another partnership with Citibank to secure home loans for illegal aliens. Thus they have either extorted Citibank or Citibank has, on its own, joined this corrupt activity.
In 2005, Citibank and ACORN Housing Corporation began recruiting illegal aliens, mostly from Mexico, for a program offering loans with below-market interest rates, down-payment assistance and without mortgage insurance requirements. In lieu of Social Security numbers required of law-abiding citizens, the program allows illegal alien applicants to supply loosely monitored tax identification numbers issued by the IRS. One wonders exactly how much this nefarious action contributed to the financial debacle at Citibank@@ that required the nation to bail the inept bank out of difficulties.
Today Barak Obama repeatedly says, "Hey, I don't want to talk to the people who created this mess . . ." while Barney Frank describes the process this way, "Once again the private markets got us in a mess and now government has to get us out, AGAIN!" Those two lying bast__ds are being way too disingenuous and modest: you see, with the cooperation of other liberal idiots like Frank, the two of them helped orchestrate the present financial mess they're now blaming on fiscal conservatives and “free market excesses.” Effette, ineffectual Frank, however, and his legislative colleagues only get an C- for effort, while the lion’s-share of the credit goes to former ACORN attorney Barak Obama who’s been part of these anti-American activities since at least 1995.
Barak Obama is, of course, no liberal idiot but a Marxist-leaning mastermind . . . oh, by the way, in case it’s not already clear what Ol’ Rajjpuut is proposing here, let him be the very first to accuse Barak Obama of being a marxist attorney, who when he worked for ACORN in 1995 and 1996 plotted to convert the United States to a form of Marxism that his daddy would have admired (Obama’s book “Dreams From My Father” relates how Barak Obama, Sr. “couldn’t keep his mouth shut” and wound up being kicked out of the Kenyan government for being too overtly communistic) by the simple expedient of being far more clever and subtle than his papa.
While they only corresponded, for about six years and only talked face to face for roughly a month, the son, learned the lessons well and later by pioneering the extortive methods that helped ACORN bring the United States to its knees with the present financial mess, profited mightily from it. In other words, Barak Obama is an Anti-American Marxist who not only helped ACORN bring on the present crisis, but then swept himself into the White House when that very collapse helped bring him into prominence. ACORN, of course lives and dies by spread-the-wealth schemes and marginally illegal activities. But the specific processes of creating chaos and profiting from it was something Barak Obama pioneered: in old Chicago they called it a “shakedown” and Barak Obama was a master of the art. It’s a moderately long story so let’s make it simple, clear and obvious exactly what happened, when and how.
A lot of Americans actually believe that ACORN is up to no good in the voter-registration process and many put huge amounts of energy into investigation of this fictitious activity. Actually, ACORN is not interested in any such action but loves the smokescreen that arises because of mainstream America's preoccupation with voter fraud. ACORN has much bigger fish to fry: a marxist revolution to be exact. Let's prove that bold statement . . . .
A 1999 ACORN pamphlet notoriously called the American Dream “a cruel sham.” Instead ACORN loves bragging about the success it’s had in creating market chaos and spreading the wealth. Think of it as “financial affirmative action by force.” In 1995 Barak Obama was a big part of that legacy in Chicago. Obama, as an ACORN lawyer was charged with making banks and lending institutions comply with the ridiculously low standards of 1977’s CRA (Community Reinvestment^^ Act) legislation signed into law by Jimmy Carter with liberal colleagues cheering madly.
Obama was a superstar at this nefarious activity. Barak was infamous not so much for winning cases in the court room but rather for cleverly persuading (extorting) the banks into compliance without need for trial. The ACORN ’99 pamphlet later stated: isolated “stories of hope and success” from a few communities are the exceptions rather than the rule and “working hard, sacrificing and saving” don’t really cut it when it comes to owning your own home. Thanks to the successes of attorneys like Barak Obama, ACORN advocated more heavy-handed methods that worked wonders for getting loans for the poor. In general they all amounted to one thing: keeping banks and their officials tied up in unending litigations and investigations alleging racial bias in the lending process. As mentioned earlier, poor Blacks and Hispanics in the inner-cities and a few poor Whites were the apparent beneficiaries of the ACORN strategies that got them mortgage guarantees and into homes any reasonable process would have denied them: homes they could NOT afford at one-third the cost in many, if not most cases. The aim was never to get people into homes, but rather to create financial chaos . . . .
Thus community organization, shake-down and other “tools of chaos” were the methods that caused banks to comply with the Carter era legislation, bypass the traditional lending standards and give poor folks homes they could never hope to pay for. Creative approaches used by ACORN attorneys even included having some lenders count food stamps as “meaningful income” rather than allowing themselves to be dragged before community judges for non-compliance with the CRA requirements.
Weakened lending standards really came into their day three years after Obama started working for ACORN, when Bill Clinton’s 1998 updated mortgage guarantee law made non-compliance even easier to prosecute (or extort). The financial chaos that reigned because of the heavy-handed abuse of perhaps well-meaning, but definitely poorly-crafted laws were exactly in line with the wishes of the Marxists leading ACORN. Obama's leanings are, however, not the norm for the mass of ACORN people. The vast majority of ACORN disciples are just poor people and advocates of poor people trying to “make the system better.” It is the heads of ACORN who believe that any form of chaos and collapse is good and likely to hasten the day when their desired “revolution” might come to pass.
That chaos came from misuse of the new laws to attack traditional American business practices. Old lending standards that banks had successfully used for years were obviously “unfair and aimed to benefit only the middle class” in ACORN eyes. The organization emphasized that underwriting must become “creative” to enhance the chance that inner-city poor could partake of the “American Dream” which ACORN leaders, of course, secretly disparaged.
By 2008 and 2009, having seen the mess created by their actions, one might have expected the ACORN folks to "lie low." Not hardly, that is not the lesson of folks seeking revolutionary change: instead financial collapse from the sub-prime mortgage mess that ACORN itself had created was then actually trumpeted as proof-positive that capitalism doesn’t work** and "the system" is only geared up to take advantage of the poor whose houses were now in foreclosure. The thought that CRA and Clinton era mortgage guarantee legislation had allowed “red-lining” by federal and local bureaucrats (given them the authority to abusively demand far greater lending aimed at people who under previous standards would not have qualified) for “under-served minority communities" had brought on the debacle was never mentioned. The fact that actually the loans received were UNDESERVED and never should have been granted was never brought up either. Clinton’s 1998 mortgage-guarantee legislation on top of CRA just put the whole process on STEROIDS. In fairness to Obama, he was not deeply involved in the process by the time the '98 law was on the books.
But even before the 1998 law, folks like Barak Obama not only helped secure these ridiculous loans but actually extorted contributions to ACORN from banks. The whole thing amounted to “paying protection money to ACORN” so that the banks could operate with some semblance of normalcy instead of spending all their time in court defending themselves from accusations of racial inequities. It is this talent for Marxist-style corrosive planning and action by the folks at the top of ACORN, folks like Barak Obama, that gave the organization such monstrous power to attack the American system.
More next time . . . .
Ya’all live long, strong and ornery,
Rajjpuut
^^which by 1980 had helped create 19% inflation in the country and runaway housing prices
** Obama today notoriously repeats at every available moment, "I'm not interested in hearing from the people who caused this mess . . . " (implying it was Conservatives) and Barney Frank loves to repeat "Failure of the markets created this mess and now once again, government must come to the rescue." Frank, of course, was a big leader in creating the ridiculous '98 mortgage-guarantee laws in the first place.
@@ The program is no longer just active in San Diego and places close to Mexican border crossings, but also in Miami; New York City; Jersey City, N.J.; Baltimore; Washington, D.C.; Bridgeport, Conn.; Chicago; and at all of ACORN Housing's Northern California offices as well. ACORN officials advises illegal alien recruits that bank partners will take applicants with little or no credit, or even just utility payments and private loan payment documents.