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ACORN Housing Funds Cut Off by Senate....

Discussion in 'Politics, Elections & Legislation' started by Bluzman98, Sep 14, 2009.

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  1. Bluzman98

    Bluzman98 Member

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    Senate votes on Johanns amendment to cut off ACORN housing funds; Update: Amendment passes, 83-7

    By Michelle Malkin........September 14, 2009 05:22 PM



    See above URL for article.....

    The Senate is also considering a full forensic financial audit by the IRS.

    I wonder what's on Oblunder's mind right about now........he definitely has direct ties to ACORN. It could get interesting if the audit happens....

    Jim C
     
  2. H82MIS

    H82MIS TS Member

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    Illinois should be proud,,,your two bastards (burris and durbin) voted against it,,,,
     
  3. stokinpls

    stokinpls Well-Known Member

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    Their staff realized they must be up for re-election. Both of them are too dumb to vote.
     
  4. tachyon

    tachyon Member

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    670
    How the Acorn housing scam works:

    You have a house on the market for $100,000. (an easy number). A NINJA (no income, no job, no assets) stops by your open house and is interested in buying your house. They go to the bank. The bank understands that they are being judged by Barney Frank based on their CRA (Community Reinvestment Act), which demands that every financial institution must document how they meet the needs of the entire community including low income individuals. The Bank then turfs you to a housing specialist at Acorn.

    Acorn has received grants from Freddie and Fannie and the various lending organizations to help low income people get into the house they "deserve". Their people are experts at helping NINJA's get the home they deserve.

    So the Acorn people go to you and say that they will have their client offer you $140,000 for your house. Of course you are expected to give a $20,000 donation to Acorn. Acorn will keep $10,000 and give $10,000 to the NINJA so they can make the down payment and cover the closing costs.

    The bank is happy. They make a subprime loan to the NINJA. It gets Barney off their back (who would not want Barney to stay away from their backside). Their CRA goes up. The NINJA is happy cuz they have a house. Acorn is happy because the have made $10,000 during the process. The seller is happy because they have an additional $20,000 in pocket (minus commissions and plus the additional tax deduction for giving $20,000 to a non profit organization.) Lather rinse repeat about 100,000 times....
    and Acorn has a whole bunch of money.

    Of course after 5 years the subprime mortgage adjusts to market rates and the NINJA cannot make the payments. The hope was that the market would keep increasing so that the house would now be worth $160,000. The NINJA can sell the house, pay off the $140,000 loan and walk away with $20,000. Of course the market dumps as everyone who could buy a house has already bought a house. The value of the house goes down and the NINJA gets a foreclosure notice. Barney whines that poor people can no longer afford a house and the feds give those with good CRA ratings a bailout.

    Life in America.
     
  5. claybrdr

    claybrdr Well-Known Member

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    This is going to make Zara and a few others on here sad.
     
  6. stokinpls

    stokinpls Well-Known Member

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    Maybe this is zara. Watch it all.
     
  7. Barry C. Roach

    Barry C. Roach Well-Known Member

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    Location:
    Scottsdale, AZ
    WoooooooooooooHooooooooooooo! Our first conservative victory. Keep the pressure up!
     
  8. stokinpls

    stokinpls Well-Known Member

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    " When are you guys going to get a clue and stop supporting those who are giving us the shaft. That's the republicans who have done nothing about this problem for 70 years. Be proud of your party they have done little more than start a war for profit and attempt to stop the only legislation in the past 25 years that's worth a damn."

    Guess who?
     
  9. SRT8

    SRT8 TS Member

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    More Good News: The House voted today to cut off all funds to acorn. The Bad News: 75 Congressman voted to continue funding acorn.
     
  10. bigdogtx

    bigdogtx Well-Known Member

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    Who were the 75? We can send reminders to "their" voters so they KNOW which of their representatives, and I use that term LIGHTLY, support using taxpayer funds to support tax evaders, child prostitution and human trafficing.
     
  11. thomaslea1

    thomaslea1 Member

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    Actually I think the number voting for was either 6 or 8. Either way, both of MY reps (Durbin and Burris) voted to continue funding. I would say something like 'how sad' it is that they are actually that stupid, but when elections come around Durbin will be re-elected (Burris isn't running [at this time]). Voters have blame here too.
     
  12. Jerbear

    Jerbear TS Member

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    Here are the 75 House members who voted to have you pay for ACORN, even though it has been proven to be a corrupt communist organization...



    1. Tammy Baldwin, D-Wisc.

    2. Xavier Becerra, D-Calif.

    3. Robert Brady D-Pa.

    4. Corrine Brown, D-Fla.

    5. G.K. Butterfield, D-N.C.

    6. Mike Capuano, D-Mass.

    7. Andre Carson, D-Ind.

    8. Kathy Castor, D-Fla.

    9. Emanuel Cleaver, D-Mo.

    10. James Clyburn, D-S.C.

    11. Joseph Crowley, D-N.Y.

    12. Elijah Cummings, D-Md.

    13. Danny Davis, D-Ill.

    14. Diane DeGette, D-Colo.

    15. Bill Delahunt, D-Mass.

    16. Mike Doyle, D-Pa.

    17. Donna Edwards, D-Md.

    18. Keith Ellison, D-Minn.

    19. Eliot Engel, D-N.Y.

    20. Chaka Fattah, D-Pa.

    21. Bob Filner, D-Calif.

    22. Marcia Fudge, D-Ohio

    23. Al Green, D-Tex.

    24. Raul Grijalva, D-Ariz.

    25. Maurice Hinchey, D-N.Y.

    26. Mazie Hirono, D-Hawaii

    27. Rush Holt, D-N.J.

    28. Mike Honda, D-Calif.

    29. Jesse Jackson, Jr. D-Ill.

    30. Sheila Jackson-Lee, D-Tex.

    31. Eddie Bernice Johnson, D-Tex.

    32. Carolyn Cheeks Kilpatrick, D-Mich.

    33. Dennis Kucinich, D-Ohio

    34. Rick Larsen, D-Wash.

    35. Barbara Lee, D-Calif.

    36. John Lewis, D-Ga.

    37. Stephen Lynch, D-Mass.

    38. Markey, D-Mass.

    39. Betty McCollum, D-Minn.

    40. McDermott, D-Wash.

    41. McGovern, D-Mass.

    42. Gregory Meeks, D-N.Y.

    43. Alan Mollohan, D-W.Va.

    44. Gwen Moore, D-Wisc.

    45. Jim Moran, D-Va.

    46. Jerrold Nadler, D-N.Y.

    47. Richard Neal, D-Mass.

    48. John Olver, D-Mass.

    49. Frank Pallone, D-N.J.

    50. Bill Pascrell, D-N.J.

    51. Donald Payne, D-N.J.

    52. Jared Polis, D-Colo.

    53. David Price, D-N.C.

    54. Nick Rahall, D-W.Va.

    55. Charlie Rangel, D-N.Y.

    56. Lucille Roybal-Allard, D-Calif.

    57. Bobby Rush, D-Ill.

    58. Linda Sánchez, D-Calif.

    59. Jan Schakowsky, D-Ill.

    60. David Scott D-Ga.

    61. Bobby Scott, D-Va.

    62. Jose Serrano, D-N.Y.

    63. Brad Sherman, D-Calif.

    64. Albio Sires, D-N.J.

    65. Louise Slaughter, D-N.Y.

    66. Pete Stark, D-Calif.

    67. Bennie Thompson, D-Miss.

    68. Edolphus Towns, D-N.Y.

    69. Niki Tsongas, D-Mass.

    70. Nydia Velázquez, D-N.Y.

    71. Maxine Waters, D-Calif.

    72. Diane Watson, D-Calif.

    73. Henry Waxman, D-Calif.

    74. Robert Wexler, D-Fla.

    75. Lynn Woolsey, D-Calif.
     
  13. Paladin

    Paladin Well-Known Member

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    In typical, normal, nothing else could be expected from them, dishonest, deceitful fashion,,they all belong to what party? The party where higher status is achieved through lies, deceit, tax fraud and corruption,,,the dumocraps.
     
  14. TOOLMAKER 251

    TOOLMAKER 251 Active Member

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    3,398
    Why don't you call them and get them to come back over, then don't answer the door again.
     
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