Quote:
Originally Posted by Bucco
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 ?
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Ok ACORN used pressure to get banks to make loans to poor people. For now I give on that point. So how many loans and what percentage effect did those loans have on the current home mortgage crisis? 500,000 loans? 1 million loans? Then tell me what effect did the totally untrue grade AAA rating on those loans bundles had?
Now do you think it is correct for the Wall Street guys to get a contractual bonus but the UWA has totally restructure the current contract. Its pretty much a yes or no answer.