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Sunday, December 6, 2009

ACORN’s Fingerprints on Mortgage Crisis Appeared 20 Years Ago

Story at Big Government.

"Specifically, ACORN strong-armed banks and worked with members of Congress, such as Barney Frank, to weaken credit standards in order for banks, as well as Fannie Mae and Freddie Mac, to fund risky mortgages. Mortgages, of course, that stood little chance of ever being paid, as we witnessed last year.

But ACORN’s penchant for shaking down banks didn’t begin 2 years ago, or even 10 years ago. Check out this article from the Atlanta Journal-Constitution from 1988. "

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