Obamas dirty little secret

Den verkliga orsaken till finnanskrisen

Publicerad: 2008-10-08 Den amerikanska staten påhejad av olika påtryckargrupper, menade på 1990-talet att det förekom diskriminering på lånemarknaden. Radikala grupper som ACORN kampanjade för rätten till bostadslån. Vid den här tiden företräddes ACORN av den unge advokaten Barack Obama.

Det här ledde till flera populistiska förslag. Genom Community Reinvestment Act tvingades bankerna att ge bostadskrediter till låginkomststagare. Man införde en statlig rating som mätte hur många kontor bankerna hade i låginkomstområden och hur många lån de förmedlade där. Om man hade en för dålig CRA-rating så hotades man med böter eller andra bestraffningar, som att inte få eventuella fusioner godkända. Dessutom pressade det amerikanska bostadsdepartementet Fannie Mae och Freddie Mac till att köpa in mer av den här typen av osäkra bostadslån från bankerna. Det började redan 1992 när bostadsdepartementet blev regleringsmyndighet för instituten.
http://www.aftonbladet.se/debatt/article3483340.ab

WHAT exactly does a "community organizer" do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit. In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes - and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers. In other words, community organizers help to undermine the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it.

http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm

In one of the first book-length scholarly studies of ACORN, Organizing Urban America, Rutgers University political scientist Heidi Swarts describes this group, so dear to Barack Obama, as “oppositional outlaws.” Swarts, a strong supporter of ACORN, has no qualms about stating that its members think of themselves as “militants unafraid to confront the powers that be.” “This identity as a uniquely militant organization,” says Swarts, “is reinforced by contentious action.” ACORN protesters will break into private offices, show up at a banker’s home to intimidate his family, or pour protesters into bank lobbies to scare away customers, all in an effort to force a lowering of credit standards for poor and minority customers. According to Swarts, long-term ACORN organizers “tend to see the organization as a solitary vanguard of principled leftists...the only truly radical community organization.”

http://article.nationalreview.com/?q=ZjRjYzE0YmQxNzU4MDJjYWE5MjIzMTMxMmNhZWQ1MTA=