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	<title>Comments on: ACORN Wannabes May Get $4 Billion</title>
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		<title>By: KennyLLC</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317988</link>
		<dc:creator><![CDATA[KennyLLC]]></dc:creator>
		<pubDate>Wed, 27 Nov 2013 18:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317988</guid>
		<description><![CDATA[I wonder how many trillions were loaned to the collective slumlords like Valerie Jarrett in Illinois for HUD rental subsidized apartment projects ? Not only did they get low rates, they got 65% of their rental fees paid for by the taxpayers.
I just don&#039;t see poor working-class individual homeowners walking away from their loans and opting to pay for high rent, in preference to renting for a libertine paradise with a parking lot full of drug dealers !]]></description>
		<content:encoded><![CDATA[<p>I wonder how many trillions were loaned to the collective slumlords like Valerie Jarrett in Illinois for HUD rental subsidized apartment projects ? Not only did they get low rates, they got 65% of their rental fees paid for by the taxpayers.<br />
I just don&#8217;t see poor working-class individual homeowners walking away from their loans and opting to pay for high rent, in preference to renting for a libertine paradise with a parking lot full of drug dealers !</p>
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		<title>By: c2inomaha</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317530</link>
		<dc:creator><![CDATA[c2inomaha]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 21:35:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317530</guid>
		<description><![CDATA[How come the posters here all &#039;get it&#039; ..and all the schlubs I talk to on the street still don&#039;t get the housing bubble?  And when I explain that the other &quot;unintended consequence&quot; of dropped lending standards meant so many unqualified borrowers competing to buying homes(and, yes, speculating) that this heated up the market -- as a rough way to picture it, you can imagine if you bought an modest home in the last 10yrs you overpaid $30,000. And Barney Frank gets a pass for his hand in all this. And the &quot;Mistress of Disaster&quot;  Jamie Gorelick merely got sacked from Fannie Mae(big deal),  just add another disaster to her resume.]]></description>
		<content:encoded><![CDATA[<p>How come the posters here all &#8216;get it&#8217; ..and all the schlubs I talk to on the street still don&#8217;t get the housing bubble?  And when I explain that the other &#8220;unintended consequence&#8221; of dropped lending standards meant so many unqualified borrowers competing to buying homes(and, yes, speculating) that this heated up the market &#8212; as a rough way to picture it, you can imagine if you bought an modest home in the last 10yrs you overpaid $30,000. And Barney Frank gets a pass for his hand in all this. And the &#8220;Mistress of Disaster&#8221;  Jamie Gorelick merely got sacked from Fannie Mae(big deal),  just add another disaster to her resume.</p>
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		<title>By: KennyLLC</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317335</link>
		<dc:creator><![CDATA[KennyLLC]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 15:12:00 +0000</pubDate>
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		<description><![CDATA[Yes. But many of the defaults were on supposed 1/2 million dollar homes sold for 300k by people who couldn&#039;t  even afford a $200 home. They thought they were investing.
Poor people, in contrast, were simply buying to avoid rent and are still in the same homes they purchased during the crisis.
Most old homes were 3rd generation inherited run-down shanty&#039;s seized for taxes(not foreclosure) during the job crisis. I have one myself that I have remodeled, and I still pay the same bank loan I obtained in the so-called sub-prime crisis.]]></description>
		<content:encoded><![CDATA[<p>Yes. But many of the defaults were on supposed 1/2 million dollar homes sold for 300k by people who couldn&#8217;t  even afford a $200 home. They thought they were investing.<br />
Poor people, in contrast, were simply buying to avoid rent and are still in the same homes they purchased during the crisis.<br />
Most old homes were 3rd generation inherited run-down shanty&#8217;s seized for taxes(not foreclosure) during the job crisis. I have one myself that I have remodeled, and I still pay the same bank loan I obtained in the so-called sub-prime crisis.</p>
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		<title>By: snafubar</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317308</link>
		<dc:creator><![CDATA[snafubar]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 14:08:00 +0000</pubDate>
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		<description><![CDATA[This is a classic re-distribution money laundering scheme.  Left wing re-distributionists forced banks to adapt lax lending standards under the guise of CRA enforcement.



After the 2008 meltdown, taxpayers were then forced to bail out the banks that were &quot;too big to fail&quot;.


Now those banks that the taxpayers bailed out are forced to cough up billions by Holder&#039;s DoJ, which in turn willl be given (re-distributed) to left-wing activist groups.  



Taxpayer dollars handed over to left-wing activists, with tacit enforcement by the DoJ.  



Nice neat package.]]></description>
		<content:encoded><![CDATA[<p>This is a classic re-distribution money laundering scheme.  Left wing re-distributionists forced banks to adapt lax lending standards under the guise of CRA enforcement.</p>
<p>After the 2008 meltdown, taxpayers were then forced to bail out the banks that were &#8220;too big to fail&#8221;.</p>
<p>Now those banks that the taxpayers bailed out are forced to cough up billions by Holder&#8217;s DoJ, which in turn willl be given (re-distributed) to left-wing activist groups.  </p>
<p>Taxpayer dollars handed over to left-wing activists, with tacit enforcement by the DoJ.  </p>
<p>Nice neat package.</p>
]]></content:encoded>
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		<title>By: snafubar</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317304</link>
		<dc:creator><![CDATA[snafubar]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 14:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317304</guid>
		<description><![CDATA[Yeah, um, except it was the CRA policies that led to lax lending standards.


No matter how many &quot;other&quot; causes you can point to for the 2008 meltdown, they always point back to CRA extortionists as the culprits.]]></description>
		<content:encoded><![CDATA[<p>Yeah, um, except it was the CRA policies that led to lax lending standards.</p>
<p>No matter how many &#8220;other&#8221; causes you can point to for the 2008 meltdown, they always point back to CRA extortionists as the culprits.</p>
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		<title>By: KennyLLC</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317067</link>
		<dc:creator><![CDATA[KennyLLC]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 00:43:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317067</guid>
		<description><![CDATA[There are several reasons, including 911 and the dot-com crashes, along with outsourcing of American homebuilding trades into substandard property ownership that caused the many defaults on mortgage loans.
The mere fact that overvalued property lost 30+% in it&#039;s investment value plunged upper-middle classed homeowners into a defaulting frenzy.
Such home ownership was considered your primary investment back then.
The FDIC seizure of Washington Mutuals assets of 343 billion, and its resale to J.P. Morgan/Chase for 12 billion effectively created the largest fed&#039; sanctioned public bank in human history, under the guise of a privately owned financial institution.
There was much more at play here than some poor people getting sub-prime loans, whereby collapsing the whole banking system, and the many bank-owned homes and properties in gated communities attest to that fact.]]></description>
		<content:encoded><![CDATA[<p>There are several reasons, including 911 and the dot-com crashes, along with outsourcing of American homebuilding trades into substandard property ownership that caused the many defaults on mortgage loans.<br />
The mere fact that overvalued property lost 30+% in it&#8217;s investment value plunged upper-middle classed homeowners into a defaulting frenzy.<br />
Such home ownership was considered your primary investment back then.<br />
The FDIC seizure of Washington Mutuals assets of 343 billion, and its resale to J.P. Morgan/Chase for 12 billion effectively created the largest fed&#8217; sanctioned public bank in human history, under the guise of a privately owned financial institution.<br />
There was much more at play here than some poor people getting sub-prime loans, whereby collapsing the whole banking system, and the many bank-owned homes and properties in gated communities attest to that fact.</p>
]]></content:encoded>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317064</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 00:36:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317064</guid>
		<description><![CDATA[Didn&#039;t you hear? They&#039;re &quot;greedy.&quot;


Democrats are always the victims that need to be made whole.]]></description>
		<content:encoded><![CDATA[<p>Didn&#8217;t you hear? They&#8217;re &#8220;greedy.&#8221;</p>
<p>Democrats are always the victims that need to be made whole.</p>
]]></content:encoded>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317063</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 00:35:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317063</guid>
		<description><![CDATA[That&#039;s what socialism and communism are.]]></description>
		<content:encoded><![CDATA[<p>That&#8217;s what socialism and communism are.</p>
]]></content:encoded>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317062</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Tue, 26 Nov 2013 00:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317062</guid>
		<description><![CDATA[Because they&#039;re &quot;rich&quot; and therefore part of the &quot;problem.&quot;


These people are crypto-communists. What else can they possibly come up with? They&#039;re thieves imagining themselves as Robin Hoods.]]></description>
		<content:encoded><![CDATA[<p>Because they&#8217;re &#8220;rich&#8221; and therefore part of the &#8220;problem.&#8221;</p>
<p>These people are crypto-communists. What else can they possibly come up with? They&#8217;re thieves imagining themselves as Robin Hoods.</p>
]]></content:encoded>
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		<title>By: Susan Salisbury</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5317003</link>
		<dc:creator><![CDATA[Susan Salisbury]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 21:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5317003</guid>
		<description><![CDATA[Why arent&#039; the defrauded investors getting the money?]]></description>
		<content:encoded><![CDATA[<p>Why arent&#8217; the defrauded investors getting the money?</p>
]]></content:encoded>
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		<title>By: Tina Trent</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5316915</link>
		<dc:creator><![CDATA[Tina Trent]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 17:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5316915</guid>
		<description><![CDATA[When people are thinking about eating turkeys it makes then nervous to think about being treated like one.]]></description>
		<content:encoded><![CDATA[<p>When people are thinking about eating turkeys it makes then nervous to think about being treated like one.</p>
]]></content:encoded>
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		<title>By: Chris Shugart</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5316909</link>
		<dc:creator><![CDATA[Chris Shugart]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 17:42:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5316909</guid>
		<description><![CDATA[The military/industrial complex that Eisenhower warned us about is now the political/industrial complex.]]></description>
		<content:encoded><![CDATA[<p>The military/industrial complex that Eisenhower warned us about is now the political/industrial complex.</p>
]]></content:encoded>
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		<title>By: russell owl</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5316894</link>
		<dc:creator><![CDATA[russell owl]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 16:36:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5316894</guid>
		<description><![CDATA[i liked it Matthew.  I understood this and suspected this as it is the destroy to rebuild method favored these days.  all the planks are being covered now.  this one got the ball rolling, although education was just a little more covert.]]></description>
		<content:encoded><![CDATA[<p>i liked it Matthew.  I understood this and suspected this as it is the destroy to rebuild method favored these days.  all the planks are being covered now.  this one got the ball rolling, although education was just a little more covert.</p>
]]></content:encoded>
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		<title>By: Matthew Vadum</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5316869</link>
		<dc:creator><![CDATA[Matthew Vadum]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 15:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5316869</guid>
		<description><![CDATA[Nada? Tough audience today. Sheesh.]]></description>
		<content:encoded><![CDATA[<p>Nada? Tough audience today. Sheesh.</p>
]]></content:encoded>
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		<title>By: Tina Trent</title>
		<link>http://www.frontpagemag.com/2013/matthew-vadum/acorn-wannabes-may-get-4-billion/comment-page-1/#comment-5316832</link>
		<dc:creator><![CDATA[Tina Trent]]></dc:creator>
		<pubDate>Mon, 25 Nov 2013 14:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=211373#comment-5316832</guid>
		<description><![CDATA[And why is the settlement not being put in a fund for investors who were actually lied to about what they were purchasing?]]></description>
		<content:encoded><![CDATA[<p>And why is the settlement not being put in a fund for investors who were actually lied to about what they were purchasing?</p>
]]></content:encoded>
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