{"id":30511,"date":"2008-09-29T01:01:01","date_gmt":"2011-05-19T03:20:03","guid":{"rendered":""},"modified":"2011-05-19T03:20:03","modified_gmt":"2011-05-19T03:20:03","slug":"obama_acorn_pressured_banks_to_make_unsafe_subprime_loans","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/","title":{"rendered":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans"},"content":{"rendered":"<section>\n<p>RUSH: So what got us here? Well, you can say &#8216;white guilt\u2019 got us here, political correctness got us here, or a combination of all those things. Democrats\u2019 desire to socialize the country got us here. Efforts to stop it failing &#8212; and we\u2019re on the verge of even more of it, ladies and gentlemen. Stanley Kurtz has been researching Obama, and he has a great piece today. Let me just give you a couple excerpts. &#8216;What exactly does a &#8216;community organizer\u2019 do?\u2019 and one thing a community organizer does, if he\u2019s Barack Obama, is pressure banks to make bad loans. Obama\u2019s fingerprints are over this, too, because his group ACORN is all involved. The Community Reinvestment Act &#8216;was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now), and a group that is constantly engaged in illegal voter registration, among other things.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\" width=\"300\" height=\"186\" class=\"alignright\"\/>&#8216;That has provided an opening to radical groups like ACORN &#8230; to abuse the law by forcing banks to make hundreds of millions of dollars in &#8216;subprime\u2019 loans to often uncreditworthy poor and minority customers. Any bank that wants to expand or merge with another has to show it has complied with [these community redevelopment things] &#8212; and approval can be held up by complaints filed by groups like ACORN. In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America\u2019s financial institutions.\u2019 Think of ACORN as a thousand Jesse Jacksons, in terms of shaking down companies and institutions. <\/p>\n<p>&#8216;Banks already overexposed by these shaky loans were pushed still further in the wrong direction when government-sponsored Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets,\u2019 and by the way, speaking of that, Obama did it again in the debate (which we\u2019re going to get to). He said that our reputation in the world, I think everybody would agree, is not what it once was. He said it in Berlin\u2019, he said it to a seven-year-old kid asking him why he wants to be president. Frankly, I am fed up with it. Because, folks, if you want to know our reputation around the world &#8212; to the extent that it is &#8212; is in disrepair, you might take a look at the fact that a bunch of foreign banks were lied to by US institutions who said these subprime loans were AAA paper. You can buy \u2019em up. Do you know we\u2019re bailing out foreign banks that do business on the United States on this basis because they bought up some of these assets? <\/p>\n<p>So all this talk about how our image in the world has been dinged or damaged, let me tell you: to the extent that that\u2019s true, people in financial institutions around the world are saying, &#8216;What have you done to us? You\u2019ve made us take on this worthless garbage paper. What have you done to us? What are you doing to your financial system?\u2019 It ain\u2019t about Iraq. It ain\u2019t about the war on terror. So there is Obama running around talking about how we\u2019ve lost our esteem. That aggravates me like you cannot believe. We\u2019re going to analyze the debate as things shake out as the program unfolds before your very eyes. Of course Obama is as close to ACORN as anybody can be, closer to ACORN than anybody ever seeking the presidency. And ACORN went out and put their own pressure on these banks and lending institutions, political correctness pressure &#8212; take it, you know, whatever it is &#8212; to spread this misery far and wide under the terms and definitions of things like affordable housing. <\/p>\n<p>I think there\u2019s something more devious than that going on. We know several things institutionally. We know that the left wants as large a government as possible. We also know the left wants as many citizens in this country depending on government, not just for their needs but for their wants as well, but particularly their needs. We also know that owning a home in this country has been one of the most desirable things people have had. Many people, most people work themselves to the bone to be able to save up for a down payment, to be able to qualify &#8212; and all of a sudden, the Democrats and the Clinton administration came along and said, &#8216;Why make it so hard on people? It\u2019s unfair. Let\u2019s just get \u2019em into homes. Let\u2019s threaten the lending institutions to loan \u2019em money they can\u2019t pay back. As long as home prices keep going up, this is not going to be a problem. It will be fine.\u2019 Well, everything goes up goes down eventually. It\u2019s galled gravity. It\u2019s called supply and demand. It\u2019s called economic cycles, and we\u2019re where we are. So now the bailout is about making sure that all these people whose votes have been bought stay bought.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: So what got us here? Well, you can say &#8216;white guilt\u2019 got us here, political correctness got us here, or a combination of all those things. Democrats\u2019 desire to socialize the country got us here. Efforts to stop it failing &#8212; and we\u2019re on the verge of even more of it, ladies and gentlemen. [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-30511","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: So what got us here? Well, you can say &#8216;white guilt\u2019 got us here, political correctness got us here, or a combination of all those things. Democrats\u2019 desire to socialize the country got us here. Efforts to stop it failing &#8212; and we\u2019re on the verge of even more of it, ladies and gentlemen. [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"headline\":\"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans\",\"datePublished\":\"2011-05-19T03:20:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\"},\"wordCount\":888,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\",\"name\":\"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\",\"datePublished\":\"2011-05-19T03:20:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/www.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/","twitter_card":"summary_large_image","twitter_title":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show","twitter_description":"RUSH: So what got us here? Well, you can say &#8216;white guilt\u2019 got us here, political correctness got us here, or a combination of all those things. Democrats\u2019 desire to socialize the country got us here. Efforts to stop it failing &#8212; and we\u2019re on the verge of even more of it, ladies and gentlemen. [&hellip;]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#article","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/"},"author":{"name":"admin","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"headline":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans","datePublished":"2011-05-19T03:20:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/"},"wordCount":888,"commentCount":0,"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/","url":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/","name":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage"},"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","datePublished":"2011-05-19T03:20:03+00:00","author":{"@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#primaryimage","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/29\/obama_acorn_pressured_banks_to_make_unsafe_subprime_loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans"}]},{"@type":"WebSite","@id":"https:\/\/www.rushlimbaugh.com\/#website","url":"https:\/\/www.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.rushlimbaugh.com\/daily\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/30511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/comments?post=30511"}],"version-history":[{"count":0,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/30511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=30511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=30511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=30511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}