All ACORN’s fault
So you thought the bogus mortgage derivative/housing bubble burst was all the fault of venal Repug politicians killing Glass-Steagall combined with greedy Wall Street Bankers creating and selling worthless derivatives without any oversight from the Shrubya misAdministration? Well think again! According to financial services consultant Edward Pinto, it’s all ACORN’s fault! Shame the Repug College student didn’t prank ‘em a few years ago by walking into the ACORN office with some repacked subprime loan-based derivatives to sell….
In case you are interested, based on his campaign contributions and clientele, Edward Pinto looks like an active Repug, and though I think his ACORN assertions are laughable, he did provide Congress with some pretty good advice on fixing the lending side of the equation.
Stumble it!
Tags: Mortgage Crisis
