Before there was the infamous 1999 New York Times Fannie Mae article that’s been making the rounds recently, there was this 1993 article, marking the beginning of the good times for ACORN!
Banking’s New Bosses in Congress
WHEN Senator Carol Moseley Braun, newly elected to represent Illinois in Washington, received her committee assignments, most of the attention focused on the seat she won on the high-profile Judiciary Committee. After all, the meteoric rise of this African-American woman from obscurity reflected dissatisfaction over the committee’s famed hearings into the confirmation of Clarence Thomas to the Supreme Court.
But to her, that assignment is second to the seat she had most avidly sought: one on the Banking Committee, where her presence is just one sign of sweeping change to come in how the new Congress is likely to look at the financial services industries.
Bankers, take note: the House and Senate Banking Committees are suddenly full of people like Carol Moseley Braun, some of them newly elected and others increasingly powerful, more of them black, female and Hispanic, fewer of them beholden to banking interests, and more of them likely to promote what are billed as pro-consumer and pro-community initiatives. These are ideas that many bankers view with suspicion, if not hostility. Yet they are the kind of ideas that bankers may have to accept in exchange for such cherished objectives as increases in interstate banking or reductions in burdensome regulations.
That last sentence implies a trade of lower regulation for increased lending. Democrats currently pointing the finger at deregulation seems a bit convenient and dishonest, since it was a part of their deal from the start.
“I have been hoping for a seat on the Banking Committee,” Senator Moseley Braun said, “so that I can work to generate economic growth and community development that will revitalize the economy of our nation — particularly rural and urban low-income neighborhoods.”
She endorsed President-elect Bill Clinton’s plan to establish a network of specially chartered banks to plow money into distressed neighborhoods, and noted that the idea’s best-known example is Chicago’s own South Shore Bank.
“That bank is in my state and I’ve been involved with it since it got started,” she said. “I have seen how it creates jobs, promotes small businesses, develops housing and turns lives around. We need more of those successes.”
That would be the same South Shore Bank that is in the Micro-loan business in Kenya.
IT is far too early to predict how any of these debates will turn out. Much depends on the Clinton Administration. But consumer and community groups, such as the well-organized Association of Community Organizations for Reform Now, or ACORN, are gearing up to use their newfound allies in Congress.
America is getting ready to hand over near total control of the nation, to the unrepentant progeny of this group of failed social planners.
This is an interesting site showing a five part mini-doc called WeWillNotBeSilenced regarding stealing the delegates from Hillary Clinton.This is exactly what is occuring now. Part 4, toward the end states, ‘that’s how we are trained.’
Acorn and affiliates are stealing this election for B.O. Can they be stopped? Pray!
wewillnotbesilenced2008.com/video/index.htm