tag:blogger.com,1999:blog-2916809362071329011.post5185442168373813694..comments2024-01-06T21:11:14.509-05:00Comments on Bluegrass Pundit: Flashback: Obama and ACORNBluegrass Pundithttp://www.blogger.com/profile/13692965298692361473noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2916809362071329011.post-54568932661400243812009-09-17T13:10:37.075-04:002009-09-17T13:10:37.075-04:00While Barack Obama was a member of ACORN in his yo...While Barack Obama was a member of ACORN in his youthful community organizing days, using the Community Reinvestment Act, designed to encourage banks to make loans to high-risk borrowers, he encouraged ACORN to abuse the law by forcing banks to make hundreds of millions of dollars in 'sub prime' loans to minorities with bad or no credit. Using charges of racism and threats to use CRA to block business expansions ACORN extracted hundreds of millions of dollars in loans and contributions from America’s financial institutions. Other things that ACORN did were agitate for higher minimum wages, attempt to thwart school reform, try to unionize welfare recipients and organize voter registration drives. In 2006 for example, their voter registration drive in Washington produced 1,800 new voters of which 1,794 names submitted were fake. The secretary of state called it the “worst case of election fraud in our state’s history.”<br />Cybercorrespondent<br />http://cybercorrespondent.blogspot.comcybercorrespondenthttps://www.blogger.com/profile/13425431099929850850noreply@blogger.com