10.15.2008

An ACORN in Every pot?

How about this? from here

..."the Freddie and Fannie Mae bailout bill which was done this August which I also voted against because that nationalized the mortgage industry, that bill, Barney Frank voted language in that bill this summer which hard wires $420 of a $100,000 mortgage to Acorn, La Raza and other organizations..."

"CONGRESSMAN CULBERSON: And it is forever. It bypasses -- I'm on the appropriations committee. It bypasses appropriations, bypasses the congress, it's in your closing documents. From this day forward we will all be paying 4.2% basis fee of $420 for every $100,000 mortgage in your closing papers. You'll have a new little line in there, a new fee that we're going to all pay to go straight to these affordable housing funds which the states then hard wire to La Raza, Acorn, groups like that."

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