Trading Markets
During consideration of H.R. 3126,legislation to establish a Consumer Financial Protection Agency (CFPA),Democrats on the House Financial Services Committee voted to pass an amendment offered by Rep. Maxine Waters (D-CA) that will make ACORN eligible to play a role in setting regulations for financial institutions.
The Waters amendment adds to the CFPA Oversight Board 5 representatives from the fields of "consumer protection,fair lending and civil rights,representatives of depository institutions that primarily serve underserved communities,or representatives of communities that have been significantly impacted by higher-priced mortgages"to join Federal banking regulators in advising the Director on the consistency of proposed regulations,and strategies and policies that the Director should undertake to enforce its rules.
By making representatives of ACORN and other consumer activist organizations eligible to serve on the Oversight Board,the amendment creates a potentially enormous government sanctioned conflict of interest. ACORN-type organizations will have an advisory role on regulating the very financial institutions from which they receive millions of dollars annually in direct corporate contributions and benefit from other financial partnerships and arrangements. These are the same organizations that pressured banks to make subprime mortgage loans and thus bear a major responsibility for the collapse of the housing market.
Bill Ayers seems to have taken the Hitler approach.
His Puppet Obama reads the teleprompter;
Ayers writes the script for Obama and for legislation;
Rahl Emanuel ram-rods the white house thugs;
Ayers Chicago machine is running your government.
November 2010 is your last chance to remain free
Will you help save America?
Our tax dollars at work! Geez…I wonder if we will ever again have a government 'Of the People,for the people and by the people'?
Acorn is being investigate in 14 states and have supposedly been cut off of any more federal money. Now the idiotic democrats in Congress want to give them a role in setting regulations for financial institutions. Michelle Malkin is correct. Obama's administration is truly a culture of corruption. The democrats MUST
lose control of the House and Senate in 2010. If not then I say Welcome to the Socialized States of America.
ACORN should be in the midst of a RICO investigation about now. Congress
told us they would be de-funded. Well,they were for one month. Now we
are throwing the fox back into the henhouse! There is no end to the lies
coming from the Dems in Congress. I can hardly wait until the 2010
elections. They still think the tea party folks are a bunch of kooks.
WHO in their right mind would believe this????????????