ACORN Defends Its Role in Housing
By NancyA on October 1, 2008 at 2:15 PM in ACORN, Arrogance, Barack Obama, Chicago, Corruption, Home Loan, Housing & Housing Crisis, New York Times, Obama, Voter Fraud
Acorn, a nationwide community organizing group with which Barack Obama was involved for some time wants to help with the bailout bill. At its Web site, ACORN National President Maude Hurd released a statement titled, “Bailout Failure an Opportunity to Improve Package: More Relief for Homeowners Would Actually Stem Crisis More Effectively.”
ACORN welcomes the opportunity to renegotiate a package that will actually do something for homeowners on Main Street and not just bail out Wall Street. Ninety-five Democrats voted against the bailout bill because it did not do nearly enough for families struggling to pay the mortgage and who are teetering on the brink of foreclosure. If a better plan comes back that will do more to assist struggling homeowners, it stands a chance of passing.
There’s no doubt that Acorn leaders are in shock that their organization’s receipt of government monies was excised from the House bill voted on, and defeated, yesterday. It’s not as if the influential left group hasn’t already received a huge boost this year; Acorn received more than $200 million dollars through a housing bill that President Bush signed into law in July 2008. You can learn more about that housing bill here.
Here’s more from Maude Hurd, Acorn’s president:
“The foreclosure crisis, which did not begin last week but more than a year ago, will continue unabated by the current bailout proposal. To really solve our broader economic woes, we must address the underlying problem of unnecessary foreclosures. One critical way to do this is to include bankruptcy shelter in the bailout package, which was dropped from the negotiations over the weekend.
More bankruptcies?
Hurd didn’t end there:
“Another way to stem foreclosures is to include tighter language directing the Treasury Secretary to prioritize purchasing those distressed assets like whole mortgages where Treasury would have the authority to modify the mortgages and avoid unnecessary foreclosures. Additionally, Treasury could be directed not to purchase any securities or other assets that lack such authority to modify. This would ensure that the public’s investment in Wall Street’s bad assets actually results in a reduction in foreclosures, so that we can stabilize home prices and restore liquidity in a permanent way to our markets. That’s the recipe for a bailout in which both Main Street and Wall Street can benefit.”
Well then. ACORN has no place in the negotiations since the group is not an extension of the U.S. government. Secondly, ACORN has failed to recognize its role in the increase of subprime mortgages influenced by the group’s “direct action” tactics. And, last, in my opinion the group deserves no more money from our government, given Acorn’s involvement in voter fraud in several states, its aggressive approach to pushing for questionable home loans, and accusations of financial fraud. It is time to stop the flow of taxpayer dollars for more foreclosures through ACORN’s actions.
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