Fannie, ACORN, Obama, and The Financial Crisis!

Posted on National Review Online- By Stanley Kurtz-On June 17, 2011:

Jonah rightly calls today’s David Brooks column a must-read. Brooks discusses Reckless Endangerment, the new book by Gretchen Morgenson and Joshua Rosner exposing Fannie Mae’s role in the runup to the financial crisis. Brooks also rightly credits Michele Bachmann for her important role in publicizing a topic many other national politicians have been silent on.

I’ve only had a chance to give Reckless Endangerment a quick look, but my impression is that it tells the right story, if a bit too much from Fannie Mae’s point of view. In Morgenson and Rosner’s telling, Fannie Mae effectively buys off ACORN and other low-income housing groups. There’s some truth to that, but it underestimates the extent to which ACORN and allied groups forced Fannie Mae into the subprime business in the first place, and sometimes pushed themselves onto Fannie Mae against resistance.

I tell that story in the ACORN chapter of Radical-in-Chief, based on heretofore unseen documents from the ACORN archive at the Wisconsin Historical Society.

I also show that Barack Obama was knee-deep in ACORN activities just as their banking campaign reached its height. In fact, much of ACORN’s national housing campaign in the mid-nineties was coordinated from the Chicago office Obama was funneling money to at the time.

So if the combination of the publication of Reckless Endangerment and Michele Bachmann’s campaign brings a new awareness of Fannie Mae’s role in precipitating the financial crisis, by rights it also ought to raise awareness of ACORN’s role, and Obama’s abetment of ACORN activism as well. Of course, for that very reason, the entire story is likely to be ignored. Maybe only someone like Bachmann has the power to break it through.”

Source:

http://www.nationalreview.com/corner/269895/fannie-acorn-obama-and-...

Note: The following articles and/or blog posts relate to this disturbing issue-You Decide:

I. Fannie Mae scandal is the most important political scandal since Watergate!-Posted on The New York Times-By DAVID BROOKS-On June 16, 2011:

http://www.nytimes.com/2011/06/17/opinion/17brooks.html?_r=1

II. Video: Obama’s Failed Secular, Socialist Ideas are Destroying the USA!-Posted on ExposeObama.com-On June 19, 2011:

http://www.exposeobama.com/2011/06/19/video-obamas-failed-secular-s...

III. Alan Simpson, Erskine Bowles Predict Coming Economic Crisis!-Posted on NewsMax.com-By Forrest Jones-On June 18, 2011:

http://www.newsmax.com/Headline/Economy-AlanSimpson-ErskineBowles/2...

IV. IMF: Washington is ‘Playing With Fire’ on Deficit!-Posted on Money News-By Thomson, Reuters-On June 17, 2011:

http://www.moneynews.com/StreetTalk/imf-debt-globaleconomy/2011/06/...

V. Swindling America’s Youth!-Posted on Floyd Reports-By Guest Writer-On June 15, 2011:

http://floydreports.com/swindling-americas-youth/

VI. The Ignorance of Barack Obama!-Posted on RushLimbaugh.com-By Rush Limbaugh-On June 15, 2011:

http://www.rushlimbaugh.com/home/daily/site_061511/content/01125110...

VII. ‘Too Big to Fail’ May Still Exist Despite Democrats’ Regulations!-Posted on CNSNews.com-By Matt Cover-On June 15, 2011:

http://www.cnsnews.com/news/article/too-big-fail-may-still-exist-de...

VIII. Stimulus destroys more jobs than it creates!-Posted on The Locker Room-On June 14, 2011:

http://lockerroom.johnlocke.org/2011/06/14/stimulus-destroys-more-j...

IX. Obama's Co-Chair Concurs: We Face Most Predictble Economic Crisis in History In About 2 Years!-Posted on CNSNews.com-By Patrick Ryan-On June 14, 2011:

http://www.cnsnews.com/news/article/former-sen-simpson-tipping-poin...

X. Obama Blames ATMs for High Unemployment!-Posted on Conservative Byte-On June 14, 2011:

http://conservativebyte.com/2011/06/obama-blames-atms-for-high-unem...

XI. 18 Signs The Collapse Of Society Is Accelerating!-Posted on The Economic Collapse-On June 2011:

http://theeconomiccollapseblog.com/archives/18-signs-the-collapse-o...

Note:  My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:

ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions!

http://weroinnm.wordpress.com/2010/01/22/acorn-the-community-reinve...

What Was The Chicago Annenberg Challenge?

http://WeroInNM.blogtownhall.com/2009/03/22/what_was_the_chicago_an...

Was the Economic Crisis Manufactured?

http://weroinnm.wordpress.com/2011/03/06/was-the-economic-crisis-ma...

Who or What Was Behind the Financial Crisis?

http://weroinnm.wordpress.com/2010/03/06/who’s-behind-the-financial...

Treasury Secretary hired firm to help cover-up stimulus records!

http://weroinnm.wordpress.com/2010/11/06/treasury-secretary-hired-f...

Is the Fed’s concept of buying $600 billion of Treasuries just a smokescreen?

http://weroinnm.wordpress.com/2010/11/03/is-the-fed’s-concept-of-bu...

The Obama Fiscal Responsibility Farce Continues!

http://weroinnm.wordpress.com/2010/04/27/the-obama-fiscal-responsib...

The Wall Street Bailout Bill Threatens Our Bottom Line!

http://weroinnm.wordpress.com/2010/04/20/the-wall-street-bailout-bi...

Is it important to understand the Marxist assault on the foundations of our system?

http://weroinnm.wordpress.com/2011/01/27/is-it-important-to-underst...

Note If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by the Obama administration because they may have considered them to be too controversial.  Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.

“Food For Thought”

God Bless the U.S.A.!

http://www.youtube.com/watch?v=Q65KZIqay4E&feature=related

Semper Fi!

Jake

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Comment by Angelo Mule' on June 17, 2011 at 6:32pm
Unfortunately the slick unethical immoral Obama clan has broken up ACORN into about 20 different agencies to hide their fraud, mismanagement, agenda, and deceitful lies.

LIGHTER SIDE

 

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ALERT ALERT

Gohmert: Dems Will Drag Out Impeachment — Try To Get ‘Best Socialist’ Nominated For President

During an appearance on Huntsville, AL radio’s WVNN on Thursday, Rep. Louie Gohmert (R-TX) offered his best assessment of what House Democrats were trying to accomplish with their impeachment efforts.

Gohmert told WVNN’s “The Jeff Poor Show” impeachment could tie up the Democratic Party’s presidential campaign efforts but predicted Democrats would use the occasion to nominate “the best socialist” they can.

“They would lose in the Senate,” Gohmert said on impeachment. “And besides that, the entire time it was on trial in the Senate, the Democrats who are running for president wouldn’t be allowed to campaign. That’s in the Constitution. They wouldn’t be able to campaign. I just can’t imagine them wanting to do that because if they send it to the Senate, they have now perfectly set up the scenario of 1996, where they will reassure Donald Trump is reelected as president. They don’t want to do that. They’re probably going to drag this thing out as long as they possibly can … through Iowa, through primaries — try to get the best socialist they can to be nominated.”

“Then just end up and say, ‘Now we’re close enough to the general election. We’ve thrown mud at the president through the House,’” he continued. “What they’re really doing — they’re using taxpayer funds to campaign against Trump. That’s all this is — a campaign fund that taxpayers are paying for in order to try to throw mud at the president. I’ll be surprised if they have that vote, but I can’t imagine they want to set up this president for reelection by having a trial in the Senate where they lose.”

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