From OneNewsNow:
The housing package signed into law by President Bush extends an unlimited line of credit to troubled mortgage giants Freddie Mac and Fannie Mae and rescues homeowners near or in foreclosure. The measure also increases the federal debt limit by another $800 billion — and sends millions of dollars in aid to La Raza and the Association of Community Organizations for Reform Now, or ACORN.
See also this article on the ACORN slush fund in the new housing bill.
This doesn’t event begin to count the amount of hush money ACORN takes off of major banks whenever a bank has to show compliance with the 70’s era “Community Reinvestment Act”. ACORN approaches the bank management and lets them know, up front, that they can be bought and here is the price, in order to keep them from protesting a bank’s merger or acquisition.
And, since bankers have the ever increasingly common view of the man amongst a group surrounded by alligators (“I know you need to eat but please eat me last.”) the local ACORN branch gets a nice 6 figure check from the bank to support their “community” activities.
Is it any wonder that ACORN made its North Carolina debut in Charlotte, seat of all southern banking?
Marx said “We will hang the capitalists, and they will sell us the rope to do it.”