ACORN the landlord

ACORN the landlord

Clarice Feldman

The NY Post brings us news of one of NYC’s biggest landlords, the seriously embattled “community organizing” outfit called ACORN:
ACORN has quietly become one of the Big Apple’s biggest owners of low- and moderate-income housing, amassing a real-estate empire worth at least $50 million, The Post has learned.
New York ACORN and a tangled web of affiliates own or manage nearly 1,500 housing units across three boroughs and draw in an estimated $5.7 million in rents, fees and profits from sales.
The properties are controlled by an opaque collection of nonprofits, holding companies and development funds. Many have generic names, like the 385 Palmetto Street Housing Development Fund or the Mutual Housing Association of New York, leaving no clue of their ties to the national ACORN conglomerate.

 

h/t:Lucianne.com

 

JOM poster Janet commenting on the ACORN scandal brings to our attention the words of 19th century French savant Frederick Bastiat:

 

“Organizers of Humanity”
“The claims of these organizers of humanity raise another question which I have often asked them and which, so far as I know, they have never answered: If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?”

Page Printed from: http://www.americanthinker.com/blog/2009/09/acorn_the_landlord.html at September 21, 2009 – 09:31:05 PM EDT

Obama Waist-Deep in ACORN Corruption

Obama Waist-Deep in ACORN Corruption

By Sher Zieve, Canada Free Press


While the ObamaCamp and many Democrat (aka New Marxist) “leaders” continue to desperately search for hiding places from the latest outing of ACORN as an organizational nut that is rotten to the core, Obama continues to remain mum on the issue.  But, then Obama has been at least waist-deep in ACORN’s corruption for almost two decades.  And what might actually come from both the US Senate and House of Representatives calling for a real investigation of Obama’s ACORN?  Possibly nothing.  There is every indication that the Dictator-in-Chief may veto any and all requests for investigations.

After all, it was Obama who ordered the June 2009 investigation of ACORN stopped in its tracks.  Or, either the House or Senate could actually remove the investigation wording when the resolution goes to behind-closed-doors committee meetings.  This is how corrupt our Congress has become.

To reiterate previous columns, as well as the addition of new incriminating-to-Obama information, our Dictator-in-Chief has been involved with ACORN for years and even taught its members some of the same bullying and intimidation thug-tactics the organization uses today.  Despite continuing ObamaLies, Obama DID train ACORN in multiple aspects of community organizing.  Just watch the below video.

Obama taught the organization how to bully and intimidate banks into making very risky mortgage loans to people who could not afford to buy a house.

Read More:

U.S. charges Obama fund-raiser in $290 million fraud

U.S. charges Obama fund-raiser in $290 million fraud

Mon Sep 21, 2009 6:25pm EDT

By Grant McCool

NEW YORK (Reuters) – Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.

The announcement follows last month’s indictment of Nemazee, head of a private equity firm and an Iranian American Political Action Committee board member, on one count of defrauding Citigroup’s Citibank.

The new indictment adds allegations that he defrauded two other banks, Bank of America and HSBC Bank USA, in a similar fashion by falsifying documents and signatures to purportedly show he had hundreds of millions worth of collateral.

The office of the U.S. Attorney in Manhattan and the FBI said he used the proceeds of his scheme to make donations to election campaigns of federal, state and local candidates, donations to political action committees and charities.

He bought property in Italy and paid for maintenance on two properties in New York.

His lawyer could not immediately be reached for comment.

As of August 2009 Nemazee owed Bank of America about $142 million and owed Citibank about $74.9 million, the indictment said. He drew on a line of credit he fraudulently obtained from HSBC to pay the Citibank loan.

Nemazee, 59, typically donates more than $100,000 annually to Democratic political candidates. He is listed as one of the top “bundlers” of contributions to Obama’s 2008 presidential campaign, according to OpenSecrets.org, a website run by the Center for Responsive Politics research group.

“For more than 10 years, Hassan Nemazee projected the illusion of wealth, stealing more than $290 million so that he could lead a lavish lifestyle and play the part of heavyweight political fundraiser,” United States Attorney Preet Bharara in Manhattan said in a statement.

Nemazee was arrested at Newark Liberty International Airport in New Jersey on August 23 as he was checking in for a flight to Italy, according to court papers. He was released on bail.

If convicted on three counts of bank fraud, Nemazee faces up to 30 years in prison and millions of dollars in fines. He is also charged with identity theft.

The case is: U.S. v. Nemazee, 09-mj-1927 in U.S. District Court for the Southern District of New York (Manhattan)

(Reporting by Grant McCool, editing by Leslie Gevirtz and Matthew Lewis)

Earth approaching sunspot records– Obama and the UN will not heed this

Earth approaching sunspot records

By Corey Jones

Created September 20, 2009 at 6:21pm

Updated September 21, 2009 at 12:50am

The average person may not associate coolness with the sun.

The sun releases energy through deep nuclear fusion reactions in its core and has surface temperatures as hot as 10,000 degrees Fahrenheit, according to NASA’s Web site.

Not cool at all.

But the sun’s recent activity, or lack thereof, may be linked to the pleasant summer temperatures the midwest has enjoyed this year, said Charlie Perry, a research hydrologist with the U.S. Geological Survey in Lawrence.

The sun is at a low point of a deep solar minimum in which there are few to no sunspots on its surface.

In July through August, 51 consecutive days passed without a spot, one day short of tying the record of 52 days from the early 1900s.

As of Sept. 15, the current solar minimum ranks third all-time in the amount of spotless days with 717 since 2004. There have been 206 spotless days in 2009, which is 14th all-time. But there are still more than 100 days left in the year, and Perry expects that number to climb.

Perry, who studies sunspots and solar activity in his spare time, received an undergraduate degree in physics at Kansas State University and a Ph.D in physics and astronomy at The University of Kansas. He also has spent time as a meteorologist.

A sunspot, Perry explains, is a location on the sun’s surface that is cooler than the surrounding area. When there are more sunspots, the sun’s surface becomes more dynamic and an opposite effect takes place, releasing more heat and energy when other parts of the sun become hotter.

A solar minimum is when the amount of spots on the sun is at a low and the reverse is true for a solar maximum. The complete solar cycle is about an 11-year process. Perry says the current solar minimum could continue into 2010.

“There’s a fair chance it will be a cooler winter than last year,” Perry said.

Perry said there is a feeling from some in the scientific community the Earth may be entering into a grand minimum, which is an extended period with low numbers of sunspots that creates cooler temperatures. The year without a summer, which was 1816, was during a grand minimum in 1800 to 1830 when Europe became cooler, Perry said. Another grand minimum was in 1903 to 1913.

Perry said there is anecdotal evidence the Earth’s temperature may be slightly decreasing, but local weather patterns are much more affected by the jet stream than solar activity.

However, Perry said snow in Buenos Aires and southern Africa, the best ski season in Australia and a cooler Arctic region are some of the anecdotal evidence for a cooling period.

So, Perry said, sunspots may have a far greater impact on weather than previously thought.

Perry is a proponent of the cosmic ray and clouds theory as opposed to the CO2 global warming theory to explain recent global warming trends.

The cosmic ray and clouds theory was first put forth in the late 1990′s by Danish physicist Henrik Svensmark.

In a July 2007 issue of Discover magazine, Svensmark said the theory is simply that solar activity can alter the amount of clouds in the atmosphere, which affects the temperature of the Earth. More clouds mean a cooler Earth because more of the sun’s heat is being reflected. Fewer clouds equal a warmer Earth.

Perry says data indicates global temperature fluctuations correlate to a statistically significant degree with the length of the sunspot cycle. Longer cycles are associated with cooler temperatures.

Johan Feddema, acting chair and professor of geography at KU, studies global warming. Atmospheric science is a program in geography at KU. He says he is skeptical of any one phenomenon being the direct cause of global warming because there are so many climate variables that factor into global temperatures.

Feddema said the warming trend earlier in the century could be attributed to anything from solar activity to El Ninos. But since the mid 1980s he believes data doesn’t correlate well with solar activity, but does correlate well with rising CO2 levels.

Feddema believes we may hit global high temperatures in a few years with the underlying factor being rising CO2 levels, coupled with the solar cycle returning to a maximum and an El Nino.

For more information or to view graphs of data pertaining to global climate change, Feddema recommends visiting the Intergovernmental Panel on Climate Change’s Web site at www.ipcc.ch/ where 2007 assessment reports on climate change can be viewed. He also recommends the Wikipedia entry on solar variation for good visual graphs of data.

Perry said he recommends www.icecap.us/ for climate information; www.discovermagazine.com to learn more about Svensmark’s theory; www.global-warming-and-the-climate.com/images/sunspot-lenght-&-teperatur… to view a global temperature and solar activity graph; and his own research Web page at ks.water.usgs.gov/waterdata/climate/.

Corey Jones can be reached at (785) 295-5612 or corey.jones@cjonline.com.

Olympic-sized boondoggle: What Valerie Jarrett and Michelle Obama are up to

Lead Story

Olympic-sized boondoggle: What Valerie Jarrett and Michelle Obama are up to

By Michelle Malkin  •  September 18, 2009 09:59 AM

In Culture of Corruption, I spotlight the intimate relationship between Chicago Mayor Richard Daley’s crony lawyer Valerie Jarrett and First Lady Michelle Obama.

Jarrett’s slum lord record in Chicago is highly relevant to her current and ongoing pursuit of Chicago’s 2016 Olympic bid — which will cost taxpayers nearly $5 billion and bring an untold windfall to developers and contractors.

From my chapter on Jarrett’s role as president and CEO of The Habitat Company, which the Boston Globe probed in a rare, non-fluffy look at the Obama’s consigliere:

In an uncommonly hard-hitting investigative piece, the Boston Globe’s Binyamin Appelbaum blew the whistle on the rodent-infested, sewage-clogged Chicago slums run by the Obamas’ most trusted confidante. Jarrett refused to answer any questions about Grove Parc, “citing what she called a continuing duty to Habitat’s former business partners.” A “continuing duty,” presumably, to whitewash the inconvenient truth about the failed public-private partnerships the Obamas continue to promote in the White House:

“They are rapidly displacing poor people, and these companies are profiting from this displacement,” said Matt Ginsberg-Jaeckle of Southside Together Organizing for Power, a community group that seeks to help tenants stay in the same neighborhoods.

“The same exact people who ran these places into the ground,” the private companies paid to build and manage the city’s affordable housing, “now are profiting by redeveloping them.”

In 2006, while Valerie Jarrett was executive vice president of Grove Parc’s management firm Habitat Company, federal inspectors graded the condition of the complex a bottom-of-the-barrel 11 on a 100-point scale. Another Habitat-mismanaged property called Lawndale Restoration was so run-down that city officials urged the federal government to take over the complex.

Jamie Kalven, a veteran Chicago housing activist, told the Boston Globe about Barack Obama: “I hope there is not much predictive value in his history and in his involvement with that community.” Kalven’s hopes will likely be dashed. As Chicago goes, so goes the nation. Obama has made a career of rewarding failure and no amount of overhyped “Hope” will change that. He sponsored a plethora of bills in the state Senate benefitting affordable housing developers. In February 2009, he unveiled a plan to set up a $1 billion Housing Trust Fund “to rehabilitate housing in the nation’s poorest neighborhoods.” “Trust Fund?” Try slush fund, bottomless pit, and eternal stimulus for the real estate moguls posing as saviors of urban America.

In one of those endless Chicago coincidences, Grove Parc Plaza Apartments—now targeted for demolition as a result of years of neglect by Obama’s developer friends—sits in the shadows of the proposed site of the city’s 2016 Olympics Stadium. Valerie Jarrett is vice chair of Chicago’s Olympics committee.

Ever since the Obamas moved to 1600 Pennsylvania, Jarrett has used her power to boost her old pal and employer Mayor Richard Daley’s bid for the Olympics.

Now, FLOTUS is getting in on the act and Jarrett is giddy:

A top White House adviser said first lady Michelle Obama is planning to make a dramatic presentation when she offers the closing argument for the bid by her hometown of Chicago to win the 2016 Summer Olympics.

“There won’t be a dry eye in the room,” said Valerie Jarrett, who plans to travel with the first lady to Copenhagen for the Oct. 2 International Olympic Committee vote.

“I’m sure that it will touch the hearts of each of the IOC members,” Jarrett, a senior adviser to President Barack Obama, said today in an interview.

Jarrett declined to say what the first lady will tell the IOC. The stakes are high because winning the games would be an economic boost nationally, as well as for Chicago, she said.

“It will be a huge economic engine for Chicago, but it will have a ripple effect throughout the country,” Jarrett said, adding that U.S. corporations have voiced support for Chicago’s bid.

That’s the same bogus economic development propaganda government cronies always use for taxpayer-funded corporate welfare (boondoggles I’ve consistently opposed whether championed by Democrats or Republicans, by the way.)

As sports subsidy watchdog Neil deMause properly characterizes the Olympic pursuit:

“The winner gets to be on the hook for billions in dollars worth of velodromes and infrastructure; the losers get to watch on TV for free.”

Crook County will make out like bandits if Jarrett and the First Crony get their way.

I advise the International Olympic Committee to think long and hard about bringing the games to the fetid swamplands of Blago, Rezko & pay-for-play peddlers.

***

Previous:

Jarrett’s role in recruiting Van Jones

Jarrett, Axelrod, and the Michelle Obama horror health care story you won’t hear about

What the NYT’s 8,100-word Valerie Jarrett profile didn’t tell you

Get ready for massive unilateral disarmament

Get ready for massive unilateral disarmament

Rick Moran
President Barack Obama has ordered the Pentagon to map out “radical cuts” in America’s nuclear arsenal.

Yes – “radical.”

His plan, according to Julian Borger of the liberal Guardian newspaper:

Obama has rejected the Pentagon’s first draft of the “nuclear posture review” as being too timid, and has called for a range of more far-reaching options consistent with his goal of eventually abolishing nuclear weapons altogether, according to European officials.

Those options include:

• Reconfiguring the US nuclear force to allow for an arsenal measured in hundreds rather than thousands of deployed strategic warheads.

• Redrafting nuclear doctrine to narrow the range of conditions under which the US would use nuclear weapons.

• Exploring ways of guaranteeing the future reliability of nuclear weapons without testing or producing a new generation of warheads.

The review is due to be completed by the end of this year, and European officials say the outcome is not yet clear. But one official said: “Obama is now driving this process. He is saying these are the president’s weapons, and he wants to look again at the doctrine and their role.”

The move comes as Obama prepares to take the rare step of chairing a watershed session of the UN security council on Thursday. It is aimed at winning consensus on a new grand bargain: exchanging more radical disarmament by nuclear powers in return for wider global efforts to prevent further proliferation.

Seems I recall someone getting all hot under the collar about George Bush rejecting the advice of his generals in the Pentagon about the Iraq War. But that couldn’t have been Obama could it?

The 40 year liberal fantasy of ridding the world of nukes by the US making massive, unilateral cuts in our forces to show our “good will” is about to be realized.

No doubt, this is hugely amusing in capitols like Moscow and Beijing, not to mention nations like North Korea and Iran. Their attitude must be, “Hey! If those stupid, naive Americans want to commit national suicide, let them.”

Let’s see how many adjectives we can come up with to describe Obama’s unilateral disarmament policies:

Stupid
Dangerous
Depressing
Wrong-headed
Weak
Ridiculous
Ignorant

Please continue in the comments – and please keep it clean.

Page Printed from: http://www.americanthinker.com/blog/2009/09/get_ready_for_massive_unilater.html at September 21, 2009 – 09:35:23 AM EDT

Obama: ACORN? What’s that?

Obama: ACORN? What’s that?

Rick Moran
Via Instapundit:

OBAMA: ACORN scandals? There are ACORN scandals? “I didn’t even know that ACORN was getting a whole lot of federal money.”

This is Obama’s MO when something unpleasant is asked by the press. “Tea parties? What tea parties?” you will recall was press secretary Gibb’s response to questions about the massive protests.

We would also like to recall that Obama actually worked with ACORN in the early 1990′s on Project Vote Smart. He used ACORN foot soldiers in his campaigns for the state senate, recruiting them through his ties with the Maoist New Party in Chicago. And just last year, he used one of their phony front organizations to channel $800,000 to the group for GOTV operations.

He also addressed
ACORN leaders after the election:

When Obama met with ACORN leaders in November, he reminded them of his history with ACORN and his beginnings in Illinois as a Project Vote organizer, a nonprofit focused on voter rights and education. Senator Obama said, “I come out of a grassroots organizing background. That’s what I did for three and half years before I went to law school. That’s the reason I moved to Chicago was to organize. So this is something that I know personally, the work you do, the importance of it. I’ve been fighting alongside ACORN on issues you care about my entire career. Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work.”

Obama cannot escape his close ties with ACORN. And lying about what he knows with regard to the group only makes him look guilty.

Hat Tip: Ed Lasky

Page Printed from: http://www.americanthinker.com/blog/2009/09/obama_acorn_whats_that.html at September 21, 2009 – 09:33:09 AM EDT

ACORN’s Illegal Alien Home Loan Racket

ACORN’s Illegal Alien Home Loan Racket
By: Michelle Malkin
Monday, September 21, 2009

 


There’s one thing more shocking than the illegal alien smuggling advice.
There’s one thing more shocking than the illegal alien smuggling advice that an ACORN official in San Diego gave undercover journalists James O’Keefe and Hannah Giles. It’s the illegal alien home loan racket that ACORN has already been operating with the full knowledge of the U.S. government.On Wednesday, O’Keefe and Giles published the fifth in a series of BigGovernment.com sting videos. ACORN official Juan Carlos Vera coached the pimp-and-prostitute-posing pair on how best to pull off a border-busting smuggling operation. It would be “better from Tijuana,” he counseled on videotape. Vera then generously offered the investigative couple his Mexican “contacts” to bring 12 illegal alien girls into the country for prostitution.

GOP California Gov. Arnold Schwarzenegger now wants an investigation. But neither the Terminator nor any other California public official raised a peep when the very same San Diego ACORN office publicly announced a partnership with Citibank to secure home loans for illegal aliens.

In 2005, Citibank and ACORN Housing Corporation — which received tens of millions of tax dollars under the Bush administration alone — began recruiting Mexican illegal aliens for a lucrative program offering loans with below-market interest rates, down-payment assistance and no mortgage insurance requirements. Instead of the Social Security numbers required of law-abiding citizens, the program allows illegal alien applicants to supply loosely monitored tax identification numbers issued by the IRS.

The San Diego Union-Tribune reported that “undocumented residents” comprise a vast market representing a potential sum of “$44 billion in mortgages.” Citibank enlarged its portfolio of subprime and other risky loans. ACORN enlarged its membership rolls. The program now operates in Miami; New York City; Jersey City, N.J.; Baltimore; Washington, D.C.; Chicago; Bridgeport, Conn.; and at all of ACORN Housing’s 12 California offices.

San Diego ACORN officials advised illegal alien recruits that their bank partners would take applicants who had little or no credit, or even “nontraditional records of credit, such as utility payments and documentation of private loan payments.”The risk the banks bear is the price they pay to keep ACORN protesters and Hispanic lobbyists from the National Council of La Raza screaming about “predatory lending” off their backs. These professional grievance-mongers have turned the 1977 Community Reinvestment Act — which forced lenders to sacrifice underwriting standards for “diversity” — into lucrative “business” opportunities. Or rather, politically correct blackmail.

As the Consumer Rights League noted in a 2008 report on the group’s successful shakedowns of financial institutions, “an agreement with Citibank, a significant ACORN donor and partner, showed that some activists become less active when deals are in place.”

In the wake of the sting videos, ACORN officials are making a great show of clamoring for “reform.” ACORN chief executive Bertha Lewis blamed the debacles across the country on the “indefensible action of a handful of our employees.” But the corruption is systemic. ACORN has long thrown rank-and-file operatives under the bus to cover for its management’s indefensible conduct. And ACORN’s highly touted advisory watchdogs include inherently conflicted foxes guarding the henhouse:

ACORN advisory council member Henry Cisneros resigned from his post as Clinton HUD Secretary after lying to FBI agents about payments to a former mistress.

ACORN advisory council member Andy Stern is president of the SEIU, the Big Labor organization plagued by embezzlement scandals and inextricably linked to ACORN’s disgraced founder Wade Rathke.

And ACORN advisory council member Eric Eve of Citigroup is a champion of the ACORN/Citibank illegal alien loan program that openly undermines immigration laws and integrity in banking.

The truth is more sordid than any fictional scenarios caught on tape: ACORN is a corrupt enterprise.


Michelle Malkin is the author of the forthcoming “Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies” (Regnery 2009). Her e-mail address is malkinblog@gmail.com.

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