Bailing Out ACORN and LaRaza
Posted: Fri Sep 26, 2008 7:48 am
It seems two items added to the bailout bill by Democrats are
1. When the government sells the assets 20% of the money must be given to groups like ACORN and LaRaza.
http://publicmarkup.org/bill/dodds-legi ... t-aut/1/5/
http://www.openmarket.org/2008/06/16/an ... lush-fund/
http://online.wsj.com/article/SB121745181676698197.html
2. Nothing be done to control the sub prime mortgage market, in other words bail out the banks this time and then let them do it all over again.
It's a good thing this did not pass.
Better ideas:
1. Receipts of from the sale of the assets should be used to pay down the debt created by the need to purchase the assets.
2. The sub prime mortgage market should be curtailed or eliminated.
1. When the government sells the assets 20% of the money must be given to groups like ACORN and LaRaza.
http://publicmarkup.org/bill/dodds-legi ... t-aut/1/5/
http://www.openmarket.org/2008/06/16/an ... lush-fund/
http://online.wsj.com/article/SB121745181676698197.html
2. Nothing be done to control the sub prime mortgage market, in other words bail out the banks this time and then let them do it all over again.
It's a good thing this did not pass.
Better ideas:
1. Receipts of from the sale of the assets should be used to pay down the debt created by the need to purchase the assets.
2. The sub prime mortgage market should be curtailed or eliminated.