Hadenough
Senior
I wonder how Ofrah would feel if someone like Freedom decided they had squatters rights to one of her homes.
I wonder how Ofrah would feel if someone like Freedom decided they had squatters rights to one of her homes.
Except ACORN is partially to blame for the mortgage mess. They should have been banned along time ago,We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Civil disobedience is the FIRST step in altering or abolishing a destructive government.
EXCUSE ME?
BANNED
Do you practice goose stepping when you're not posting?
Most, if not all of the blame for the Mortgage Crisis can be traced to the individual who made financial decisions that allowed no margin for error of any kind.
In a capitalistic society there are winner and losers. Those who took the sub prime bait and over bought with 40 Yr interest only notes assuming that the price of housing would continue to rise even when even Stevie Wonder could see the writing on the wall are in a place created by their own hand.
So now I'm supposed to bail them out?
An organization like ACORN is perfectly OK by me as they are exercising their rights and spreading their message and it's up to us as citizens to accept or reject their point of view. Personally I reject ACORN, however I reject the notion that any idea, concept or opinion be banned. This a not 1944 and not Germany
In the 1980s, groups such as the activists at ACORN began pushing charges of "redlining" - claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.
In fact, minority mortgage applications were rejected more frequently than other applications - but the overwhelming reason wasn't racial discrimination, but simply that minorities tend to have weaker finances.
Yet a "landmark" 1992 study from the Boston Fed concluded that mortgage-lending discrimination was systemic.
That study was tremendously flawed - a colleague and I later showed that the data it had used contained thousands of egregious typos, such as loans with negative interest rates. Our study found no evidence of discrimination.
Yet the political agenda triumphed - with the president of the Boston Fed saying no new studies were needed, and the US comptroller of the currency seconding the motion.
No sooner had the ink dried on its discrimination study than the Boston Fed, clearly speaking for the entire Fed, produced a manual for mortgage lenders stating that: "discrimination may be observed when a lender's underwriting policies contain arbitrary or outdated criteria that effectively disqualify many urban or lower-income minority applicants."
Some of these "outdated" criteria included the size of the mortgage payment relative to income, credit history, savings history and income verification. Instead, the Boston Fed ruled that participation in a credit-counseling program should be taken as evidence of an applicant's ability to manage debt.
Sound crazy? You bet. Those "outdated" standards existed to limit defaults. But bank regulators required the loosened underwriting standards, with approval by politicians and the chattering class. A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.
Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with "100 percent financing . . . no credit scores . . . undocumented income . . . even if you don't report it on your tax returns." Credit counseling is required, of course.
Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed "the most flexible underwriting criteria permitted." That lender's $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999 and $600 billion by early 2003.
An organization like ACORN is perfectly OK by me as they are exercising their rights and spreading their message and it's up to us as citizens to accept or reject their point of view. Personally I reject ACORN, however I reject the notion that any idea, concept or opinion be banned. This a not 1944 and not Germany
Well said and I agree (except for maybe theobamaforum)...![]()
B) xUT
Hilarious video of ACORN stooge getting schooled...
Video Link
killing other human beings , other ameicans during a national emergency ? i don't think so ....
we will take ANY AND ALL actions necessary to protect the public and society in general .....
The home defender program is in it's intial stage ... most people are as yet unable to understand just why it will become necessary ... but as this depression wears on you will eventually see .
Well the reality is that ACORN is not a " idea, concept or opinion". The long recorded history of intimidation and corruption puts them well into the category of "goose steppers".
I got tired of having a battle of wits with someone that was unarmed. Idiocy runs rampant in your post and you bore me with your "the sky is falling" mentality. So bellow on Chicken Little no one is listening.it's funny hadenough , i remember when you used to bash me for crying "the sky is falling they sky is falling " when i talked about the economy ...
The home defender program is in it's intial stage ... most people are as yet unable to understand just why it will become necessary ... but as this depression wears on you will eventually see .
while she wasn't very well spoken , the idea is still correct ....
this is going to happen all over the US like it or not ... i intend to get behind it 100% because it's in the best interests of our citizens ... nothing is more imporant than protecting americans .....
No offence..but..your utter lack of historical knowledge is showing. Seriously..do some in depth reading on at least the Great Depression just for starters.
For the second part? = Exactly who's the "we" that you envision?..and..ummm.while we're at it: what "ANY AND ALL actions" do you mean? 🙄