ACORN Housing bragged about destroying the housing market
Twelve years ago many Democrats* and Republicans still thought lowering borrowing standards in order to help poor, uncreditworthy people play Russian roulette with home values was a wonderful idea. In 1999 ACORN even bragged about helping to kill reasonable underwriting standards by strong-arming banks into counting welfare benefits such as food stamps as income. No money? No job? No problem! ACORN Housing Corp. produced a brochure, “To Each Their Home: Success Stories from the ACORN Housing Corporation,” to highlight the group’s antisocial activities. “To each their home.” Hmmm. What does that sound like? Oh yeah, I remember now. From each … Continue reading ACORN Housing bragged about destroying the housing market