REPORTING FOR DUTY
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May
20
The Other ACORN: NACA’s Bruce Marks Boasts “We have to terrorize these bankers”
May 20, 2009 | 6 Comments
If the Neighborhood Assistance Corp. of America is another ACORN, then Bruce Marks is its Wade Rathke.
Activist Financier ‘Terrorizes’ Bankers in Foreclosure Fight
In the 1990s, Mr. Marks leaked details of a banker’s divorce to the press and organized a protest at the school of another banker’s child. He says he would use such tactics again. “We have to terrorize these bankers,” Mr. Marks says.
And just like ACORN, who similarly pressured banks into “strategic” relationships (shorthand for paying ACORN “protection” money to placate the extortionist mob), the guerilla tactics are working:
NACA has signed agreements with the four largest U.S. mortgage lenders — Bank of America, Wells Fargo & Co., J.P. Morgan Chase & Co. and Citigroup Inc. — in which they agree to work with his counselors on a regular basis to try to arrange lower payments for struggling borrowers.
Also just like with ACORN, the government is funding socialist thugs who take the money and use it to more effectively terrorize the private sector.
NACA has made powerful political friends, such as House majority whip James Clyburn of South Carolina, and it receives federal money to counsel homeowners.
This is precisely how they are murdering free market capitalism.
And what the hell is it about today’s corporate structures/leadership that prevents the captains of this industry from strategically uniting to attack these socialist extortion rackets? Certainly together they could provide enough weight to force a RICO investigation.
We see a whole marketing campaign. These banks could rehabilitate their image by becoming the defenders of free market capitalism, by openly campaigning against the ACORNs and NACAs of the world.
For a fraction of what the CEOs pay these groups for “protection” from the angry mob, these CEOs could invest in a whole bunch of PR and investigative journalism with the goal of discrediting these self-described terrorists.
Comments
6 Comments so far
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Without programs like NACA the American Dream would slip away from millions of Americans. It was not NACA that started the downturn in the economy, it was the mortgage companies that wrote loans that the average family could not afford or even tricked them. Change is a part of the American tradition. If it were not for the founding fathers wanting a change then we would still be an English colony. So change in this way by stopping people from their greedy ways is more patriotic than accepting oppression.
[...] Advocates (NACA), another ACORN-like organization that helped inflate the housing bubble with its dubious [...]
[...] Advocates (NACA), another ACORN-like organization that helped inflate the housing bubble with its dubious [...]
[...] Advocates (NACA), another ACORN-like organization that helped inflate the housing bubble with its dubious [...]
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