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ACORN had a nice racket before the housing bubble. They'd approach subprime lenders and let them know they didn't like their lending practices and they were going to be acting on the behalf of those descriminated against. (That would be non-white people) If the companies lowered their credit standards and gave a nice donation to ACORN they went away quietly. If they didn't ACORN called borrowers with hispanic last names and told them they might not have to repay their mortgages if they'd just tell a few little lies. Lies like "i don't speak english", "i didn't understand my loan", "I was declined because I'm not white". They would then take these fools on a nice PR campaign boycotting mortgage company offices with signs and geniuses wearing shark suits. Most of the claims were dismissed rather quickly in court - such as the one from the lady who claimed she was taken advantage of because she didn't know english... but gave her deposition in english. or the man who claimed he didn't understand the loan documents... until it was pointed out he was the guy who did all the purchase contracts for a large retail real estate company.
Unfortunately ACORN is well aware the damage bad PR does so most of the mortgage companies wrote checks and approved loans for the credit unworthy to avoid the hassle.
Don't pretend ACORN is some benevolent organization out to help the little guy. They are crooks.
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Getting knocked down is no sin, it's not getting back up that's the sin
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02-26-2009, 11:24 AM
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