The American Spectator

Rocco| 10.30.08 @ 6:43AM

One of the major reasons for our current state of affairs is the abject cowardice of the corporate CEO's responsible for the virtual abolition of underwriting standards and their childish fear of being called names (racist, etc.) These communists should have been smacked down to nip this in the bud. They weren't, and we are well on our way towards becoming a North American banana republic for this and a myriad of other reasons.

Drudge Ette Obama (a blog)| 10.30.08 @ 7:44AM

ACORN. WHAT NUTS!

Anyway, the best defense is a vigorous defense; hence, Atlanta Journal Constitution's Cynthia Tucker's quick (and standard) response that the race card is played when anyone criticizes the CRA.

We are all too familiar with the irrationality of Cynthia Tucker here in Georgia. Recently, we read that Atlanta's only main rag suffers critical declines in circulation - understandable if you've ever read it. (It's a 5 minute read compared to the Wall Street Journal's 1 hour read.)

This article has spurred me to read up more on these anticapitalist sociologists. For years I have heard the Halliburton/DeLay/Rover/Reagan-haters deride capitalism. In college in the 1970s, it was a theme that seemed everywhere - why? It seemed to make no sense to me because we were the companies, the people who worked there and earned money. I disregarded those ideas then. But now, those college kids are in the power range. We are seeing the fruits planted years ago now in full bloom.

I actually know a 40-something, former community organizer, who hates capitalism, Rove (a criminal who should be in jail),Bush, Halliburton. He wants national healthcare and believes that it is Republican suppression of the vote to require a photo id. He is not unique in his beliefs, but I don't think he is the norm, either.

Finally, following the money is the interesting path to find golden tidbits of influence. For example, William Metterperl of PNC, which has received bailout funds and has been the subject of the Denver Post's debate re bailout funds being used for bonuses, has given thousands of dollars this year to Obama and other DNCers. There's the quid pro quo.

Do we really believe that if Obama gets into power that the Pelosi/Reid Congress will investigate CRA/Fannie Mae/Freddie Mac abuses?

Fannie and Freddie (and members of lawfirms who get on the "preferred lists" country-wide that give them sole right to represent Fannie Mae and Freddie Mac lenders in bankruptcy and foreclosure work, like PNC) have contributed thousands to democratic party members on the banking committees which oversee housing/CRA/Freddie/Fannie. It's all interelated and incestuous. There will be no real investigation and money will go to the same players as before.

It's almost too much for one person to bear.

Ghastlyone| 10.30.08 @ 10:10AM

Food Stamps as a source of income?! Wow...just....wow.

What I would give, to find out the percentage of all these home foreclosures that are from blacks and illegal mexicans. Or maybe the percentage of these sub-prime mortgages that were handed out, are registered democrats??
More than likely we won't catch these statistics anytime soon on the 6 o'clock news from Wolf Blitzer.

Could you imagine if Bush back in 03', came out in a news conference talking about we need stop handing out crappy sub-prime loans to blacks, mexicans, etc.? There would have been a non-stop drum beat from the liberals about racism and bigotry. So I guess republicans were damned if they did and are damned because they didn't.

Ghastlyone| 10.30.08 @ 11:08AM

Obama Rules:

So securing the Texas border is a state issue not federal?? Hmmm...I never knew that.

You remember that awesome leftists governor from California.....what was his name....hmm....oh yeah Gray Davis? Remember him signing into law issuing photo ID licences to illegal mexicans right before he was thrown out of office. Remember that? Of course not, you were too busy wondering if Bush was still on vacation in Crawford.
You're an absolute moron if you don't think Illegals weren't able to get in on these sub-prime mortgages also (that was the whole point of the banks handing them out you ass-hat!, and why were in this situation!!) We're finding out now that some of these "home owners" weren't even checked at all, ex. pay stubs, ss numbers, etc.

As long as the "home owner" had a pulse and could write his name, he got a loan.

Marc Jeric| 10.30.08 @ 11:16AM

We used to have communists; when that name became associated with mass murder and total poverty, our communists renamed themselves as socialists; and when that name became associated with unemployment and falling standards of living, our socialists renamed themselves as liberals. When their messiah loses on November 4, prepare for widespread riots, looting, and burning of inner cities, while liberal mayors restrain the police from "overreacting".
Marc Jeric, Las Vegas

Ghastlyone| 10.30.08 @ 11:24AM

Marc,

haha I'm in LV also. If there are riots, I hope for their sake they come into my area heavily armed.

Mortgages| 10.30.08 @ 1:14PM

This was an interesting and informative article. Thanks!

Theresa| 10.30.08 @ 4:34PM

Hey Ghastly one...don't feed into the immaturity of the Obama Rules fella'. That guy is as dumb as a stump. Of course anyone can get a fake SS, ID and anything else they want. Why do you think there are millions of illegals here now.
Anyway, it's not worth the air he breaths. The points you make is exactly how this whole thing panned out and guess what? When we wake up on 11/5 and the newsies are saying "What happened but we're sure we got away with getting out messiah" We on the right will be saying - remember the silent majority it still exists in this country - so does the values voters.
If that isn't the news headlines than one thing for sure from this Sara Palin supporter I will never support any wars that Obama brings our country into. I was dumb enough to support Clinton with the thought of "Well he's the commander and chief so he knows better" not this time around - this time everyone will hear my yells of how much of a terrorist Obama really is if he ever uses our military in any situation - that's a promise.
I am sick of the last 8 years of whining and cry babying about Bush this and Bush that. God not matter what happens in life as far as the left is concerned it's always Bush's fault. Well so be it - I can be whiny too.
But all that won't be the case because JOhn McCain will be our next Commander and Chief

rickyb| 10.31.08 @ 2:42PM

I have to weigh in on this one. I have to assume I have been part of the silent Majority and a values based voter so it would come as no surprise to anyone interested, that I am a conservative white male over 50, with a successful third career in progress because I have worked since I was about 8 years old with my Dad selling newspapers in So Cal. I have had zero problems getting four house loans over the years and have to say, after reading about what the CRA and ACORN have done to our country - I am ashamed of their behavior. People can twist this into a race issue, the poor not being taken care of fairly or whatever, but the bottom line to me is that the liberal far left is trying to bring their so called vision of equality to the masses via deceit, and theft. Ultimately having Obama as President to continue the "spreading the wealth" idea. If that is not a part of socialism, I don't know what is - and I don't want it.

For Obama rules - I am sure you know there is only one savior - and it is not your Barack Obama.