> > "The number one reason behind the housing market > > collapse is due to the Clinton administration > > forcing lending institutions to provide mortgages > > to minorities possessing poor credit histories." > > - David Thomson > > mainstream wrote: > The poor were encouraged to buy real estate - and > join in the American Dream... > "According to Stanley Kurtz of National Review Online, 'ACORN succeeded in drawing Fannie Mae and Freddie Mac into the very policies that led to the current disaster.'
ACORN put pressure on banks by threatening them with accusations of racism if they didnât give loans to minorities, even if they were completely unqualified." Read more: 'Obama, ACORN, and the Financial Crisis' by Marcia Segelstein http://tinyurl.com/4emo5w
