Tag Archives: Stanley Kurtz

Acorn, Obama, Stanley Kurtz, NY Post, October 13, 2008, Acorn and Democrat allies, Built Mortgage Disaster, Radical agenda, 1995, Urged on by ACORN, Congressional Democrats, Clinton, High risk loans

Stanley Kurtz has written a very compelling article of how Acorn used it’s influence with congress to push the acceptability of risky subprime loans. Here are some exerpts from the must read article:

“SPREADING THE VIRUS
HOW ACORN & ITS DEM ALLIES BUILT THE MORTGAGE DISASTER

“By STANLEY KURTZ”
“TO discover the roots of to day’s economic crisis, consider a tale from 1995.

That March, House Speaker Newt Gingrich was scheduled to address a meeting of county commissioners at the Washington Hilton. But, first, some 500 protesters from the Association of Community Organizations for Reform Now (ACORN) poured into the ballroom from both the kitchen and the main entrance.

Hotel staffers who tried to block them were quickly overwhelmed by demonstrators chanting, “Nuke Newt!” and “We want Newt!” Jamming the aisles, carrying bullhorns and taunting the assembled county commissioners, demonstrators swiftly took over the head table and commandeered the microphone, sending two members of Congress scurrying.”

“Yet ACORN had only just begun. Two days later, 50 to 100 of the same protesters hit their main target – a House Banking subcommittee considering changes to the Community Reinvestment Act, a law that allows groups like ACORN to force banks into making high-risk loans to low-credit customers.

The CRA’s ostensible purpose is to prevent banks from discriminating against minorities. But Rep. Marge Roukema (R-NJ), who chaired the subcommittee, was worried that charges of discrimination had become an excuse for lowering credit standards. She warned that new, Democrat-proposed CRA regulations could amount to an illegal quota system.

FOR years, ACORN had combined manipulation of the CRA with intimidation-protest tactics to force banks to lower credit standards. Its crusade, with help from Democrats in Congress, to push these high-risk “subprime” loans on banks is at the root of today’s economic meltdown.”

“So ACORN’s Democratic friends in Congress moved to force Fannie Mae and Freddie Mac to dispense with normal credit standards. Throughout the early ’90s, they imposed ever-increasing subprime-lending quotas on Fannie and Freddie.”

“Requests to the Capital Police to release the activists from Sen. Ted Kennedy (D-Mass.) and Rep. Joe Kennedy (D-Mass,) failed. Then Rep. Maxine Waters (D-Calif.) showed up at the jail and refused to leave until the protesters were released; the Capital Police relented.”

“Instead, Democrats like Rep. Barney Frank (D-Mass.) and Reps. Kennedy and Waters allied with the Clinton administration to broaden the acceptability of risky subprime loans throughout the financial system, thus precipitating our current crisis.

ACORN had come to Congress not only to protect the CRA from GOP reforms but also to expand the reach of quota-based lending to Fannie, Freddie and beyond. By steamrolling the GOP that March, it had crushed the last potential barrier to “change.””

“HOW does Barack Obama fit into all of this? Obama has been a key ally of Chicago ACORN going back to his days as a community organizer.

Later, as a young lawyer, he offered leadership training to the activists who were forcing Chicago banks into high-risk subprime loans. And when he made it on to the boards of Chicago’s Woods Fund and the Chicago Annenberg Challenge, he channeled money ACORN’s way.

Obama was perfectly aware of ACORN’s intimidation tactics – indeed, he oversaw a Woods Fund report that boasted of managing to fund the radical group despite its shocking behavior.

And as a lawmaker, in Illinois and in Washington, he has continued to back ACORN’s leglislative agenda.”

“ACORN’s alliance with the Democratic Party is at the root of the current financial meltdown. And Barack Obama has stayed true to ACORN’s ways.”

Read the rest of this great article here and by all means tell everyone you know:

 http://www.nypost.com/seven/10132008/postopinion/opedcolumnists/spreading_the_virus_133375.htm

Disgusted with Obama and Acorn?

http://obamaimpeachment.org

Obama, William Ayers, Annenberg Challenge, Stanley Kurtz, Cover up, Ken Rolling tips Ayers, Obama and Ayers on committee, Kurtz FOIA request, Obama executive experience, Obama hides truth

Stanley Kurtz has been investigating Obama’s ties to William Ayers during his involvement with the Annenberg Challenge in Chicago. The Annenberg challenge was supposed to improve Chicago schools but instead funded controversial groups like Acorn. Stanley Kurtz filed a FOIA request and after evaluating the Annenberg Challenge records has written his findings. Here are some of the highlights:

  • Obama had most of his executive experience while working at the Annenberg Challenge. Obama does not refer to this fact.
  • Chicago schools were not improved by the Annenberg Challenge. The money was instead spent on radical groups.
  • Apparently Ken Rolling gave Bill Ayers a heads up in a possible cover up scheme.
  • Obama and Ayers were on a committee together that created rules and bylaws.

Here are some exerpts from a Stanley Kurtz article from September 24, 2008:

“September 24, 2008 6:30 AM

Founding Brothers
What’s behind Obama’s early rise?

By Stanley Kurtz

New evidence strongly suggests that Barack Obama has been less than forthcoming about the role that unrepentant Weather Underground terrorist Bill Ayers may have played in choosing him to lead the Chicago Annenberg Challenge (CAC). Through a Freedom of Information Act (FOIA) request, I have obtained an e-mail message from former CAC executive director, Ken Rolling, to Warren Chapman and Anne Hallett, two of CAC’s three co-founders. Bill Ayers was the third founder. In Rolling’s message, sent the morning after I first requested access to CAC records housed at the University of Illinois at Chicago (UIC), he admits to avoiding a reporter’s inquiries about who picked Obama to head CAC. Rolling also appears to prime Chapman and Hallett to avoid telling the press the whole story of how Obama was chosen, and provides them with an apparently incomplete story to use instead. Although it’s too early to draw definitive conclusions from this evidence, it does raise serious questions about Barack Obama’s own account of the process by which he was chosen as CAC board chair.”

“It therefore appears that as soon as I contacted UIC asking to see the CAC archive, Rolling moved to block my access, claiming “donor” status, and providing UIC with a legal reason to close the records. Steve Diamond makes a powerful case that none of Rolling’s arguments hold legal water. With CAC defunct since early 2002, CAC as an institution and Rolling as its former head had no standing to assert themselves. It appears from at least one of Rolling’s e-mail messages that he also tried to assert himself, individually, as “the donor,” a status that he never held. Moreover, no deed of gift is needed to transfer ownership of the records. Physical transfer suffices. If Diamond is right, then in supplying UIC Library with a bogus legal argument about the need for a signed deed of gift, Rolling was not only moving to bar me from the records, he was also laying the groundwork for removing the documents from the library and taking them into his own possession. This is confirmed by an August 19 radio interview in which a UIC spokesman said that if a signed agreement could not be obtained, “we’ll simply return the materials to the owner.””

“The day after he blocked my access to the CAC records, Rolling wrote an early morning letter to Ayers’s CAC co-founders, directing them to a New York Times reporter he believed to be friendly. Rolling’s message included what appear to be subtle instructions on how to handle the matter of Obama’s choice to be head of CAC. This suggests that Rolling was trying to preemptively shape the public story of Obama, Ayers, and CAC, before I or others could investigate the issue.”

I urge you to read the full article here:

http://article.nationalreview.com/?q=NTM4ZmU1NGFkODJlMjhmYjkxMjg4Y2Q0NTVlYjAzMmY=

Stanley Kurtz was interviewed on Fox. This is a must see video:
http://therealbarackobama.wordpress.com/2008/09/25/kurtz-domestic-terrorist-william-ayers-and-obama/