Obama's ties with ACORN and their push for insisting on loans to minorities even if they weren't able to repay the loans is something many of you may not be aware of. What? You didn't know about Obama and ACORN??
First, keep in mind: Senator Obama was the first Chairman of the Board of the Chicago Annenberg Challenge, which was a Division, or Project, of the Annenberg Foundation.
William (Bill) Ayers, unrepentant Weather Underground terrorist and a friend of the Obamas, was instrumental in founding the Challenge, thanks to his ties to Mayor Richard Daley. The first Daley was also a pal of Thomas Ayers, Bill's father, former CEO of ComEd (owned by Exelon).
[Incidentally, the current CEO of ComEd, Frank M. Clark, is a major money bundler for the Obama campaign.]
You'll recall from Wednesday's story that the Annenberg files have suddenly been locked down under mysterious circumstances, after a reporter was promised access.
Factcheck.org, used as a resource by so many who wish to "debunk" negative coverage of Obama, is also a Division, or Project, of the Annenberg Foundation.
You'll recall that Factcheck was the second site to publish the now-suspect Certificate of Live Birth (COLB) reportedly received from the Obama campaign.
[The Annenberg Foundation and family has an interesting history that we may examine in more detail.]
Second, keep in mind that ACORN has received payments of nearly a million dollars from the Barack Obama Campaign in 2008, as NancyA reported on this blog Aug. 15. Apparently the payments were funneled through Citizens Services Inc., and may have been falsely reported to the FEC.
The Senator has been working with ACORN since his first days as a Community Organizer in Chicago:
"In 1992, Acorn Hired Mr. Obama To Run A Voter Registration Effort. He Later Became A Trainer For The Group, As Well As Its Lawyer In Election Law Cases." (John Fund, Op-Ed, "Obama's Liberal Shock Troops," "The Wall Street Journal", 7/12/08 )
and
"Representing ACORN, Obama And Other Attorneys Sued The State Of Illinois, Forcing It To Implement Federal "Motor Voter" Legislation That Makes It Easier For The Poor And Minorities To Register To Vote." ("Some Cases Obama Worked On In His Career As An Attorney," "The Associated Press", 2/20/07). Hence again impartiality is not possible.
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From the current hand-wringing, you'd think that the banks came up with the idea of looser underwriting standards on their own, with regulators just asleep on the job. In fact, it was the regulators who relaxed these standards - at the behest of community groups and "progressive" political forces.
In the 1980s, groups such as the activists at ACORN began pushing charges of "redlining" - claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.