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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (50759)	10/8/2008 3:34:43 PM
From: Hope Praytochange	Respond to of 224738

snlbailout.cx

To: Kenneth E. Phillipps who wrote (50759)	10/8/2008 3:45:21 PM
From: JakeStraw	2 Recommendations Respond to of 224738

How do you know that Kenneth...? Why did Freddie and Fannie give all those large contribution to politician's like Obama and Dodd...? After all they expect to get some 'favors'...

To: Kenneth E. Phillipps who wrote (50759)	10/8/2008 3:53:11 PM
From: Geoff Altman	1 Recommendation Read Replies (1) \| Respond to of 224738

Oh really? Threatening banks with redlining suits if they didn't comply isn't forcing?

To: Kenneth E. Phillipps who wrote (50759)	10/8/2008 5:05:22 PM
From: lorne	3 Recommendations Respond to of 224738

ken..."Nobody forced banks and other lending agencies to make those loans."... UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans Posted on 03 October 2008 mediacircus.com "Obama Sued Citibank Under CRA to Force it to Make Bad Loans September 30, 2008 — iusbvision Do you remember how we told you that the Democrats and groups associated with them leaned on banks and even sued to get them to make bad loans under the Community Reinvestment Act which was a factor in causing the economic crisis (see HERE and HERE) … well look at what some fellow bloggers have dug up while researching Obama’s legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans. In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage). They protest and get the local media to raise a big stink. This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers. If the bank goes to court, they will win, but the damage is already done because who is going to launch a big campaign to get the bank’s reputation back? It is important to understand the nature of these lawsuits and what their purpose is. ACORN filed tons of these lawsuits and ALL of them allege racism.