Sunday, October 05, 2008

ACORN

ACORN: The Association of Community Organizations for Reform Now, Inc.

Founded in the '70s, ACORN has worked to get low- to middle-income people in housing. They forced (by lawsuit, etc.) compliance with the Community Reinvestment Act that dictates banks to make loans to those with low incomes. In the '80s, Barack Obama was involved in these lawsuits in Chicago.

In the fall of 2008, the overwhelming impact of defaults on loans such as these destroyed major invesetment banks and forced the U.S. Congress to spend $700 billion of our money to bail out the economy.

At last, I know what a community organizer is!

Oh, ACORN is also involved in voter registration. They or their workers have been investigated for fraud in a number of states--including Wisconsin.

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