Thursday, September 24, 2009

Obama Failure and Socialism But Allows His Bankers To Back ACORN

obamafailureandsocialismblog reprints this lead in to important anti-socialism and tax fraud information for public review

September 24, 2009 4:00 AM

Pinstripe Suits and Purple Pimp HatsObama’s bankers are ACORN’s bankers, and we fund them.

By Kevin Williamson

Jamie Dimon has been described as “Obama’s favorite banker” by the New York Times. He’s ACORN’s favorite banker, too, and with good reason. Mr. Dimon is the CEO of JPMorgan Chase, which operates a charitable foundation that gave ACORN $1 million in 2007, along with a smaller grant to the ACORN Institute. Beyond the charitable grants, ACORN and its affiliates have long profited from their “partnerships” with the big banks, taking a cut of subprime loans marketed to low-income borrowers in poor neighborhoods.

Read the entire story at National Review Online

Obama Failure and Socialism

No comments:

Post a Comment