That’s all our country needs,a crooked group like acorn having access to financial services! Acorn needs to go! How were they allowed to go unchecked all of these years????

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The Rape, Pillage and Plunder of the Treasury, the Tax Payer and Free Enterprise System continues unabated by Congress, the Law or Voters.

Yup. Elections Do have Consequences indeed.

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BTW, here’s the text of the Frank monstrosity to read. I posted an article about Frank’s next power grab, concocted again in the back rooms and apparently outside of the media’s tunnel-visioned gaze, back in August of this year.

Yes… Obama is busy creating jobs. Unfortunately, like the IMAC, most of them seem to be new federal agencies under the control of the Exec Branch that “transfer authority” from the traditional watch dogs to these five-men panels.

In this case, authority and power is transferred from the Board of Governors of the Fed Reserve, the FTC, the Comptroller of the Treasury, and the FDIC to this newly created “agency”. This legislation allows for this agency to create mandates and regulations, and decide enforcement penalties. It also has the right to intercede and usurp agreements between the financial institution INRE arbitration/mediation relief.

It amends the Consumer Credit Protection Act by removing the Fed Reserve Board of Governors as the authority over consumer credit billing and leases, and inserting this newly created Agency as that authority instead.

It also amends that bloated Obama/Pelosi/Reid Omnibus bill of 2009 by making this Agency the de facto power on rules and regulations for mortgage loans.

‘(1) The Consumer Financial Protection Agency shall have authority to prescribe rules with respect to mortgage loans in accordance with section 553 of title 5, United States Code. Such rulemaking shall relate to unfair or deceptive acts or practices regarding mortgage loans, which may include unfair or deceptive acts or practices involving loan modification and foreclosure rescue services. Any violation of a rule prescribed under this subsection shall be treated as a violation of a rule prohibiting unfair, deceptive, or abusive acts or practices under the Consumer Financial Protection Agency Act of 2009.’

Anyone remember the CRA and how ACORN spent a great deal of time litigating on behalf of “wronged minorities” with a legal beagle named Barack Obama?

And how long a period is it that Congress checks up on this newly empowered panel? Once at the beginning of each regular Congressional session. Yes, folks… once a year they’ll cast their eyes in the direction of this agency and their power grab from the traditional authority.

These are Presidential appointees, confirmed by Congress. But we already have Presidential appointees, confirmed by Congress, empowered with this authority. This panel just creates yet another red tape bureaucratic clot and will, no doubt, result is crap like the HVCC regulations that are simply making the housing process and recovery worse.

But coming from Frank, and 16 Dem cohorts, how could one expect any less?

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[...] This post was mentioned on Twitter by FloppingAces and CultureFeast.com, Matthew Lloyd. Matthew Lloyd said: Democrats Allow ACORN To Have Authority Over Financial Institutions http://bit.ly/4JxgA [...]

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[...] and strategies and policies that the Director should undertake to enforce its rules.”  Continue reading…and full article here at [...]

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This exactly what happens when Congressional Districts are gerrymandered to assure “Equal Representation, Economic or Social Justice” for Special Interest groups. Charlie Rangel depends on it to stay in office and keep his “racket” going and Adam Clayton Powell before him.

There are other examples but at the moment these in particular stand out. Will the next Census change that? Most likely not. In Montana I have ONE Congressman for the whole state. That is determined by Law and the Census. Fair enough. But gerrymandered Districts need to be corrected. By now it must occur to you that Votes from Reps. that do not live in Your District Do Influence Your Life, Your Laws and how Your Tax Dollars are spent.

I do not want ACORN or any Other Special Interest or Organized Crime Groups having any part of those decisions.

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Maxine Waters???????
The following is one of 10,000 of her more stupid statements.

Oh my.

“I have to march because my mother could not have an abortion.”

–US Congresswoman Maxine Waters (D-Calif) at Pro-Abortion Rally Sunday, April 25 2004
Her district would elect a lug wrench if it ran on the Dem. ticket.

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The same Maxine Waters who wants to nationalize the oil companies.

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Maxine Waters. Wow. Who would have guessed?

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