ACORN Seeks To Turn Back Local Foreclosures

Discussion in 'Current Events' started by WillowTree, Feb 21, 2009.

  1. WillowTree
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    WillowTree Diamond Member

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    Photo by: Georgia Samios
    " Are you ready to go in your house?' Yes I am.' Are you ready?' Yes, I am Yes, I am.' I'm claiming this house.' [noise of lock breaking] Everyone come on in. This is your house again. This is your house.' This is my house.'
    Donna Hanks' story is all about what went wrong in the housing boom - and a roadmap of how we got to where we are today. In 2001, Hanks sold her longtime house on Clinton Street and bought this row house flanking Patterson Park, for 87-thousand dollars -- cash. By March 2008, she had lost the house to foreclosure. Last fall, Hanks was evicted. Since then, the 56-year-old has lived in four different rentals.
    Yesterday, ACORN, the Association of Community Organizations for Reform Now, cut the lock on the South Ellwood Street property. Hanks stepped into the house for the first time since September 29th. ACORN officials say she'll live there after the house is made livable. It's ACORN's way to press for an immediate moratorium on foreclosures until the President's plan can get going, says community organizer Joseph Cox.





    http://www.usmessageboard.com/newthread.php?do=newthread&f=20
     
  2. WillowTree
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    WillowTree Diamond Member

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  3. garyd
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    garyd Senior Member

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    ACORN was a founder of the so-called squatters rights movement. Put as simply as possible this is just another of ACORN's round about assaults on the Idea of private property that has been going on since the organizations began more than 20 years ago.
     
  4. WillowTree
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    WillowTree Diamond Member

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    It's going to get harder and harder with each passing day for them to deny they were behind the subprime mortgage mess... yep! they caused this whole economic meltdown with their social engineering..
     
  5. garyd
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    garyd Senior Member

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    Sorry it's a lot more complicated than that. It has to do with incremental changes over the last forty years each one by itself seeming like nothing in particular but aggregating together an avalanche. No one did this on purpose much as some of us would like to believe other wise.
     
    Last edited: Feb 22, 2009
  6. Annie
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    Annie Diamond Member

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    I'd almost believe it, if it weren't for the likes of Franks and Dodd...
     
  7. garyd
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    garyd Senior Member

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    They aggrevated the situation they did not cause it. For that they ought to be shot or at least removed from public office for gross incompetence or dereliction of duty or Malfeasance or corruption.
     
  8. Truthmatters
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    Gramm Leach Bliley act 1999 folks.

    That and the refusal of the Bush admin to stem this tide when the effects of its passing were made so apparent.

    To pretend it was anything else is just partisan stupidity.
     
  9. garyd
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    garyd Senior Member

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    To pretend that that is all there is to it is so completely irrational, truth, that it puts you on the same plane as the The John Birch Society and the conspiracy loons that think The WTC was brought down by controlled demolition.
     
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    http://en.wikipedia.org/wiki/Subprime_crisis_impact_timeline#2001-2006

    Take a look at what happened in late 2003.


    2003-2007: The Federal Reserve fails to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned loan standards (employment history, income, down payments, credit rating, assets, property loan-to-value ratio and debt-servicing ability), emphasizing instead lender's ability to securitize and repackage subprime loans.

    BBC NEWS | Business | The US sub-prime crisis in graphics

    Now go look at this chart of the sub prime lending habits.
     
    Last edited: Feb 22, 2009

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