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September 30, 2008

Stanley Kurtz on ACORN and Obama

Two Thumbs Up Two Balls Dipped.

Ed Morrissey errs when he says "don't get too focused on ACORN, the problem is Fannie and Freddie." Yes, it was Fannie and Freddie guaranteeing all these horrible mortgages that allowed banks, or so they thought, to take these risks.

But ACORN, the Congressional Black Caucus, Barney Frank, Chris Dodd, and Barack Hussein Obama all worked together to build the bomb. Separating ACORN from Fannie is like saying Al Qaeda could never support Shiite extremists.

This was an inside-outside operation from the getgo -- ACORN providing external "grassroots" demands for these mortgages, the government empowering them to do so, ACORN pressuring banks to make the loans, government sponsored entities Fannie and Freddie removing the risk (or so it was thought) from the loans.

They all worked together on this. They're all on each other's speed dials. ACORN forges up fraudulent voter registrations to help Democrats steal elections; Democrats propose giving 20% of all revenues (not profits, revenues) from the bailout to ACORN, etc.

As this Fannie executive says -- We're all part of "the family."

The Trillion Dollar Man: Obama advisor Jim Johnson pledged one trillion to back these shit mortgages as Fannie CEO.

And made a fortune doing so. Hey, on paper, he was making money. All those new mortgages, and he dipped his beak into every one.

Who cares if the mortgages default three years after he leaves. Not his problem.


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posted by Ace at 05:22 PM

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