Subprime mortgage hucksters Herb and Marion Sandler, who founded the S&L known as World Savings Bank, paid ACORN around $11 million.
In an incredible non-coincidence ACORN stirred up trouble for the left-wing couple’s competition, Wells Fargo.
ACORN demonstrated against Wells Fargo and issued slanted studies attacking Wells Fargo. The Sandlers also used their front group, the so-called Center for Responsible Lending, to smear their competition. Ultimately Wachovia committed suicide when it purchased the Sandlers’ shaky mortgage portfolio. The Sandlers even made it onto Time magazine’s “25 People to Blame for the Financial Crisis” list.
That’s what I wrote in my new book Subversion Inc: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers and that’s what I talked about on Michael Savage’s radio show (“The Savage Nation”) last night.
Here is a video of the interview:
I said the same thing on Neil Cavuto’s Fox TV show two years ago and an ACORN spokesman and I yelled at each other much to the consternation of fill-in host Alexis Glick. The verbal brawl did help to flesh out the issues, though.
Back then nobody in the mainstream media followed up on the story. They must have still been high on the fumes of Obamamania back then.
Watch the Fox video:
I wrote the book because America needs to know that ACORN is restructuring in time to help re-elect President Obama in 2012. Obama used to work for ACORN and represented the group in court as its lawyer. These radical leftists who use the brutal, in-your-face, Machiavellian pressure tactics of Saul Alinsky want to destroy America as we know it and will use any means to do it.