Friday, September 26, 2008

Sens. Graham and Shelby report 20% of bailout money earmarked for ACORN !!!!!!!!!!!!!!!!!!

Obama's ACORN ???

Kill the bill.
Over and out

Start over.

If this is correct then the conservative republicans are correct and this should die.



Pastorius said...


Why no link on this?

I can't imagine what Acorn would have to do with financial institutions.

SamenoKami said...

It's got to be 20% of some small segment of the $700bln. 20% is $140bln. Acorn would be a world dominating power. I say this is amount is incorrect.

Epaminondas said...

google ACORN 20% Bailout

Amount astonishingly IS CORRECT

I've heard it 2 or 3 times now in different places


SamenoKami said...

Are we sure this is not astro-turfing?
Can we read the bill on-line yet? I really trust you and your info, EPA, but please say it ain't so.

SamenoKami said...

Did they miss a decimal point or something? Please, say it ain't so.

SamenoKami said...

Found this and copy/pasted it. Don't know if it's true or not.

The Dodd proposal would send 20% of the PROFITS that the government makes (not 20% of the total) to the Housing Trust Fund, which was created by a bipartisan effort in Congress. It's worth noting that the HTF is actually an extension of Housing and Urban Development - in other words, a government agency.

Epaminondas said...

Nonthing liek that on line yet..too amorphous...but I have changed my mind on much of this, in that I am afraid that moving too fast to pass a frankenstein mey be worse in the end than nothing..

HERE from Rich Lowry National Review:

An e-mail:

I have a mole participating in staff-level negotiations. He says the ACORN slush fund has been taken out. The "proxy access" provisions and government equity stake in banks —two of the more contentious issues that will be Member-level issues, to be discussed tonight. House Republicans want to limit cost of the initial tranche and add the Cantor mortgage-backed security insurance provision.

Overall, sounds like they are moving toward a deal.

WHat does all that mean????