NAACP, Democrats and Community Organizers continue to push for Subprime Loans for Minorities

It failed the first time. It will fail this time as well. This is what caused the housing crisis in the first place: forcing banks to give loans to unqualified individuals…and sometimes these decisions were based on skin colorinstead of credit worthiness.

Racial Politics: With homeownership plunging among minorities, Democrats and community organizers are pushing banks to revert to the easy-credit requirements that got us into the crisis.

In the latest move, the NAACP announced Wednesday it was forming a partnership with Bank of America to “advance fair-lending practices” that will help provide credit to “disenfranchised communities that were ravaged by the economic crisis.”

Black unemployment is at Depression-era highs.

Among other things, BofA has agreed to monitor lending policies for their “racial impact” and allow borrowers “the option of selecting a loan that is appropriate for his circumstances.”

BofA, which just shelled out $8.5 billion to settle subprime claims, also pledged to “eliminate policies or practices that encourage biased and exploitive behaviors toward borrowers” and to “work with borrowers to prevent foreclosures.”

Sure, if FHA can do it, why can’t big banks? The Obama administration last week announced the agency will let delinquent mortgage-holders slide a full year on payments before starting foreclosure proceedings.

When will those of us who pay our mortgage on time receive special treatment?

The Justice Department, meanwhile, has been pressuring lenders to lower their credit standards in order to secure more mortgages for minorities.

This is the same shake-down Jimmy Carter’s Community Reinvestment Act (CRA) did. The results were banks were forced to make loans to unqualified applicants or face government fines and the housing crisis we currently face is at Depression-era levels.

As we reported last week, Attorney General Eric Holder has sued several banks based on groundless charges of discrimination. They’re now under court order to change their lending policies to qualify more credit-poor borrowers.

They’ve even been ordered to scrub clean the bad credit histories of minority borrowers who’ve defaulted on mortgages, thereby allowing them to requalify for loans.

When these politically mandated loans go into default, which they likely will, the housing market will take another blow. Home values will drop further still. And taxpayers will get struck with the tab when banks buckle from carrying even more bad debt.

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The Left’s Economic Terrorism Playbook: Coalition too Destroy US Capitalism and Redistribute Wealth (Video)

From the usual suspects: Radical Leftists, Union goons, community organizers and weak-minded liberal students who want to take down capitalism to redistribute the wealth. Sounds like someone we have sitting in the White House.

What these lefties are speaking about is equivalent to economic terrorism. If they bring down Wall Street, the US economy would collapse. What these idiots don’t realize is the rich will not be affected. They have money. The poor would be the group to suffer the greatest from such a left-wing scheme.

Notice the dolts speaking about Frances Fox Piven, one of the c0-creators of the Cloward-Piven Strategy? This is the same strategy they want to use to bring down the U.S. economy. Overwhelm the system so it crashes. Then rebuild it. What’s the opposite of capitalism? SOCIALISM.

The man speaking on the tape is former SEIU goon Stephen Lerner.The Business Insider has more:

A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country. The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtely sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.  This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

Lerner was ousted from SEIU last November, reportedly for spending millions of the union’s dollars trying to pursue a plan like the one he details here.  It is not clear what, if any, power and influence he currently wields. His main message–that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend–will almost certainly resonate.

Continue reading the transcript>>>

It is amazing that these leftist goons are telling their followers to stop paying their mortgages and student loans as President Obama is trying to force banks to help delinquent borrowers. It also makes sense because the Obama regime has also taken over the college loan market.

People need to wake up and realize that we have an enemy worse than al-Qaeda. It is the radical leftists and union goons who would love to destroy the economy.

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Obama’s Civilian National Security Force? O is recruiting an army of Community Organizers to “carry his movement forward for years to come”

America already has seen the results of what electing a community organizer can do to a country. Just what we don’t need is more ‘community organizer’ out in the world pushing Obama’s rejected progressive ideologies.

From theL.A. Times:

The community organizer who became president has launched a massive pre-reelection year campaign to assemble and train an army of new community organizers to carry Obama’s “movement forward for years to come.”

Strengthening “our democracy” presumably has something to do with reelecting the revered leader in 2012.

However, the Organizing for America recruiting message says nothing about politics or election campaigns and strangely talks in military terms of “a grassroots program that aims to put boots on the ground and help foster a new generation of leaders — not just to help win elections but to strengthen our democracy in communities across the country.”

The same Obama campaign group was reported to be involved in stirring the ongoing Wisconsin protests against Gov. Scott Walker‘s budget plans.

The message about what it calls the “Summer Organizing Fellowship” adds: “Effective organizing doesn’t happen in a vacuum. It takes commitment, time, and hard work to build a movement around a cause.” It does not specify what the “cause” is, other than promoting Obama and his agenda.

ObamaZombies out in our neighborhoods. I wonder if they will be ‘getting in our faces and arguing with us” as Obama is fond of saying?

News of the community organizer drive went out in an e-mail to millions of supporters and past donors Tuesday night by the ongoing arm of the Obama campaign, Organizing for America.

The same goons who are busing in protesters to Wisconsin and Ohio. Typical union goon-rousers.

It appealed for workers of all ages to volunteer to undergo professional organizational training this summer for stationing in communities all over the nation to drive President Obama’s social and political agenda.

Sounds like brainwashing to me.

The cadres “will be assigned to a specific community,” the message informs, “where they’ll work to organize supporters street by street, neighborhood by neighborhood.”

Their job will involve recruiting additional Obama workers, running Obama-related events, knocking on doors to talk of Obama “and lay new groundwork to carry this movement forward for years to come.”

“In the end,” the Obama campaign appeal says of the community organizer corps, “their work will take our grassroots power to an impressive new level.”

All of this will be funded by the taxpayers.

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The Politically Incorrect News: Wednesday Edition

Politically Incorrect News for Politically Incorrect Readers

Some items you may or may not have read…

Item #1- The real violence is coming from the lefties. You will not see this on the soon-to-be extinct alphabet-media. A GOP official and her boyfriend were attacked for allegedly wearing Palin pins in corrupt New Orleans. Maybe Pelosi can squeeze a tear out of her botox-injected face for such violence?

Item #2- Big Banks Object To Forgiving Mortgages. Of course, the butt-pirate Barney Frank will get involved. He’s always around when it comes to forcing someone to bend over. How dare these banks talk back to Barney. Don’t they know that they can no longer make a profit and must provide housing to those irresponsible folks. It’s ObamaWorld.

Item #3- ‘Community Organizers’ Dealing Heroin. Wonder if they have ACORN ties? These thugs were part of a Marxist revolutionary gang called the Black Guerilla Family. Who else sought out Marxists? Oh yeah, Obama.

Item #4- Say it isn’t so. SEIU Thug, and Obama’s #1 visitor, Andy Stern to step down. Probably wanted to leave before the union pensions take a hit, since they are unfunded liabilities. Also expect Obama to bail out his pals in the union. Spreading the wealth is their only goal.

Item #5- Obama’s disregard for media reaches new heights at summit. Obama has been an opponent of free speech and freedom of the press since taking office. Why does Obama refuse to answer questions? What does he have to hide? Maybe his teleprompter didn’t make the trip.

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Obama Condoms

President Obama is so TRANSPARENT, they decided he should be a CONDOM. I just HOPE his followers CHANGE them after each use. We don’t need any more community organizers being supported by the community.

Protection for Community Organizers

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More Obama ACORN Ties

Remember President Obama informing George Stephanopoulos that he didn’t know ACORN was getting a whole lot of federal money? Obama wants to keep his and the Democratic Party’s ties to corrupt ACORN off the newswire, so he evaded Stephanopoulos’ question like it was Afghanistan.

The New York Times, who once shelved an ACORN story so it wouldn’t sink Obama’s campaign, is a year short but now they are reporting how deep Obama, his administration, the Democratic Party and ACORN ties run.

“The arc of Mr. Donovan’s relationship with Acorn traces the broader trajectory of its affiliation with the Democratic Party, exhibiting how deeply the group has been enmeshed in urban politics in New York and other large cities and how members of the Obama administration have been put on the defensive over past relationships with the group.”

The light is being shined upon Obama’s Federal Housing Secretary Shaun Donovan now. Mr. Donovan has deep ties to ACORN and now that the corrupt group of community organizers is in the news, Mr. Donovan, like President Obama, is keeping his lips zipped on the matter.

The story continues:

“The relationship between Democrats and Acorn has always been as productive as it has been uneasy. In Acorn’s 40-year history, its voter registration drives and policy proposals on behalf of mostly poor and minority constituents have often redounded to the benefit of Democratic politicians and policy makers.

But its hot rhetoric, frequently heavy-handed approach and occasional legal stumbles have just as often proved an alienating liability easily exploited by Republicans.

That is especially the case now, with the presentation of videotapes in which conservative advocates posing as a pimp and a prostitute elicited advice on tax evasion at Acorn-affiliated offices — including one in New York — bringing a new round of recriminations and investigations. Many of Acorn’s onetime Democratic allies, including Mr. Obama, appear to have fled its side.”

So to sum up President Obama’s lie to the nation about ACORN let us look at the connection. Obama was a community organizer and trainer for ACORN. Obama also was a lawyer for ACORN in a legal matter. But Obama claims he has no idea about federal funding going to ACORN…

Obama’s White House Political Affairs Director, Patrick Gaspard, was an ACORN operative and is tied directly to SEIU. He was also a registered federal lobbyist on SEIU’s behalf and lobbied Congress on the SCHIP’s bill, which Obama signed into law. Yet Obama claims he had no idea about federal funding going to ACORN…

And then you get to hear this…

Isn’t it funny how Obama was elected because he was considered to be a great orator. His ability to talk might become his great downfall. Is ACORN Obama’s Watergate?

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