Quote:
Originally Posted by cologal
Look...the financial crisis was NOT caused by ACORN pressuring banks to give poor people loans. That is simply untrue. In large part it was due to greed and the deregulation of the banking industry. I just read an article about the 3rd wave of foreclosures, these are not subprime but brought on by layoffs.
Explain to me why it is ok for Wall Street to get their bonuses, by contract, but the UAW has to totally modify their contracts and give back pay and benefits. Why is it my company when my pay is tied to the company performance we didn't get raises this year but the managers got their bonus?
Let have a discussion about real issues.
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I never said that the crisis was CAUSED by ACORN.(AND I never heard anyone on here or anywhere else say what you are saying)...I said they were very involved in pressuring banks to make those loans...now, that is a fact that is verifiable. Of course they did not cause it...they are an organization USED to advance causes of this sort..the fact that they pressured banks to make these loans is simply fact..not spin !
I am not sure why you bring up Wall St in a conversation about ACORN, except if you are going to discuss the bus trips they had to view the homes of those who worked there. This thread is about ACORN..not Wall St...of course everyone knows about the abuse but not sure how that justifies anything else !
I think ACORN is a REAL ISSUE....just explain to me why Barney Frank introduced the legislation he did ? WHO do you think he had in mind..allowing those under indictment to get funds ?