Elizabeth Crum

Here is a graphical depiction of the connection(s) – and dollar amounts that passed – between: 

George Soros, MoveOn.org, the Chicago Annenberg Challenge (CAC) project, the Woods Fund, Bill Ayers, ACORN (its housing division as well as voter registration group), Project Vote, Barack Obama, Fannie and Freddie, Johnson, Raines, and various senators and congressmen including Chris Dodd, Chuck Schumer, and others.

All of this information is on record and verifiable. 

Even if you look at each connection in the most positive light possible, the thing as a whole is an eye opener.  If you’ve never understood or believed in the the possibility of a Vast Left Wing Conspiracy – or, if you prefer a nicer couching of things:  the possibility that activists on the Left have tremendous Power and wield it in ways that are often overlooked – now may be the time to reconsider.

If you want to Do Something, pass this on!

An update on the ACORN story:  Nevada senator John Ensign is calling for suspension of taxpayer dollars to that questionable organization.  See here:

“ENSIGN URGES FEDS TO STOP PAYMENTS TO ACORN”   posted by [Rich Lowry] @ The Corner

Washington, D.C. – In a letter to the Federal Housing Finance Agency (FHFA), Senator John Ensign today called for the suspension of taxpayer dollars that ultimately end up in the hands of such controversial groups as ACORN, the Association of Community Organizations for Reform Now.  ACORN, which is under investigation, is eligible for Fannie Mae and Freddie Mac affordable housing funds, which add up to hundreds of millions of dollars a year.

“With the government takeover of Fannie and Freddie, the government will be taxing itself to create a backdoor slush fund, and we must prevent these taxpayer dollars from going toward ACORN,” said Ensign.  “With the recent news tying ACORN with voter fraud, suspending these funds is even more urgent.”

As part of the Housing and Economic Recovery Act of 2008, Fannie and Freddie are required to provide funding for newly created affordable housing funds.  This was signed into law prior to the government takeover of the two agencies.  Now that the government owns Fannie and Freddie and may provide them with up to $200 billion, taxing these companies does not help create stability, which is the goal of FHFA.

A search warrant was served today on the ACORN Headquarters in Nevada as part of an ongoing investigation into whether employees used false addresses or false names as part of their voter registration operation.

The letter was sent to James Lockhart, the Director of the Federal Housing Finance Agency today.  As the regulatory agency overseeing Fannie and Freddie, FHFA has the authority to stop these contributions to the affordable housing funds.  Senators Michael Enzi, Jon Kyl, David Vitter, Pat Roberts, Tom Coburn, John Thune and Jim DeMint signed the letter with Ensign.

See Rich’s post for the text of Ensign’s letter.

 Just received a press release (statement) from the Titus campaign.  Here are some excerpts:

Titus: Bailout Package Is One More Example of How Washington Is Broken

1.  Titus fails to mention that the government policies which birthed the Fannie/Freddie financial crisis were enacted in the Carter and Clinton administrations with the approval of both Ds and Rs in Congress, so she’s either uninformed or being deliberately dishonest.

2.  Titus says Bush and Porter are to blame for the lack of oversight when nearly everyone including the present Democratic leadership was complicit in looking the other way, so she’s either uninformed or being deliberately partisan.

3.  Titus rips Porter for being in favor of the imperfect bailout bill, but then says “with so many critical tax breaks” for Nevada she would have “reluctantly” voted for the inadequate bill also, so she’s either very confused…or being hypocritical.

Porter voted for the bill.  Titus bloviates at length – and then says she would have voted for the bill.  When all the ranting and raving is done, what in Sam Hill is the difference?!

Neither the guy who’s in, nor the gal who wants to BE in, has the gumption to stand on principle and fight for good policy when there are special tax credits to be had.  Of course:  how else could they ingratiate themselves to the voters?  Just look at all they’ve done for you!!

That’s a REAL example of how Washington is broken – and Nevada, too. 

I’m borrowing my post header from P.J. O’Rourke.  (VERY funny book if you have never enjoyed it.)

I do wish names would be Named, no matter the party affiliation:  who started and voted for all of the federal legislation, who harassed the lenders to conform, which lenders not only conformed but went above and beyond the call, and who made big bucks.

It won’t happen, of course, because they are all in bed together to some degree.

As Anne of Idaho quipped, “Someone needs to go to Washington and Wall Street and close down the whorehouses.”

In re: to my Dodd comments and in the interest of fairness to the Ds and Rs (and with a hat tip to Jim Treacher who posted this a short while ago):

You simply must read this NYT times piece by Stephen Holmes from September 20, 1999.  A few excerpts to whet your whistle:

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.

and

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

and

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

(Hat Tip:  Nicky Cheese)

I’m reading accounts that Senator Chris Dodd’s weighty remarks and swelling ego nearly crushed a few innocent bystanders this morning as he bemoaned the Wall Street greed that got us into this mess.

The Chairman of the Senate Banking Committee uttered not one peep, though, re: his acceptance of $165K in contributions from failing Fannie and Freddie (presumably as payback for his opposition to properly overseeing and regulating them).

No mention either, that he benefitted from VIP insider discounted loans from the (now defunct) Countrywide Financial.