dteowner
Shoegazer
I wasn't even going to touch the (lack of) wisdom of the CRA. Arguing that tangent would just detract from spotlighting what our shyster friends at ACORN are (allegedly, for now) doing.
Ever heard of bogus accusation? ACORN files the complaint. Doesn't matter whether the complaint is justified or not, the bank has to spend time and money to defend it. If it was really a horrible crime-against-humanity violation and ACORN is saving the world from evil corporations, why does the complaint magically go away once ACORN gets business from the bank? It's no different than a mob protection racket. Except that it's a wildly pro-lefty organization cloaking their extortion in pro-lefty politics…
Not to mention it strikes me as hypocritical to complain about bank malfeasance and corruption with one hand while your other hand is aiming a gun at them and forcing them to give out rotten loans to people who can't possibly afford them.
Perhaps. The article didn't give sufficient detail, but there was an implication there that the complaint only went away when ACORN got the work. So, if WeHereIsStupidMortgagesYo (WHIMSY, for short) served as the middle man, the complaint was not retracted and had to be defended by the bank. That's reading between the lines of the report, though, so it might be completely logical and completely false.Maybe the complaint goes away because once the business is placed, albeit through ACORN, the banks are then meeting their obligations thus nullifying the complaint?
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=auTmNXiBqkjEIndiana Senator Evan Bayh, on a short list of Democrat Barack Obama's possible running mates, may face questions about potential conflicts of interest from his wife's work on seven corporate boards that paid her more than $837,000 last year.
Susan Bayh, a lawyer, is a director at Indianapolis-based WellPoint Inc., which is part of a medical research partnership awarded a $24.7 million federal grant in May after Evan Bayh and his Indiana colleagues in Congress recommended the group to the National Institutes of Health. …
…While it isn't inherently unethical for Senate spouses to join corporate boards, concerns may arise if companies and lawmakers are in positions to benefit from the connections, said Bill Buzenberg, executive director of the Center for Public Integrity. ``It doesn't pass the ethical smell test,'' Buzenberg said.
WellPoint, which paid Susan Bayh almost $335,000 last year, is the biggest U.S. health-insurance company by membership as Obama's campaign promises to push for universal health-care coverage. WellPoint spent $890,000 lobbying Congress and the Bush administration in the three months ended June 30, according to disclosure forms.
A former lawyer for Eli Lilly & Co., Susan Bayh is a director at four publicly traded biopharmaceutical companies: Curis Inc., Dendreon Corp., Dyax Corp., and MDRNA Inc. Earlier this year, she left the board of closely held Golden State Foods, one of McDonald's Corp.'s biggest suppliers, and became a company adviser.