Comments on: Twenty Percent of Bailout Profits to Go to ACORN! http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/ Humor, Politics, Culture & Capitalism @BobMcCarty Fri, 10 Feb 2012 14:41:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DanielS http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8436 DanielS Fri, 26 Sep 2008 18:17:00 +0000 http://bobmccarty.com/?p=6976#comment-8436 I only hope that this story about ACORN and the bailout gets more attention. Also considering that Obama used to be a lawyer for ACORN, and could have made a large amount of money from this bailout. http://www.thestaffordvoice.com/ I only hope that this story about ACORN and the bailout gets more attention. Also considering that Obama used to be a lawyer for ACORN, and could have made a large amount of money from this bailout.

http://www.thestaffordvoice.com/

]]> By: James http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8434 James Fri, 26 Sep 2008 17:26:13 +0000 http://bobmccarty.com/?p=6976#comment-8434 “TRANSFER OF A PERCENTAGE OF PROFITS. 1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2). 2. USE OF DEPOSITS.Of the amount referred to in paragraph (1) 1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and 2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569). REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.” 1) So there will be profits! 2) ACORN and the boys get theirs first, before anybody else! Money for more sub-prime mortgages, community organizing, jobs programs, and “voter registration”. 3) 20% of what? $500, $1000 billion? As Everett Dircksen used to say that adds up to real money. 4) Now that’s chutzpah “TRANSFER OF A PERCENTAGE OF PROFITS.

1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.”

1) So there will be profits!
2) ACORN and the boys get theirs first, before anybody else! Money for more sub-prime mortgages, community organizing, jobs programs, and “voter registration”.
3) 20% of what? $500, $1000 billion? As Everett Dircksen used to say that adds up to real money.
4) Now that’s chutzpah

]]> By: hotoffthepress2 http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8432 hotoffthepress2 Fri, 26 Sep 2008 16:21:06 +0000 http://bobmccarty.com/?p=6976#comment-8432 You're welcome and you're right, Jack! Thanks! You’re welcome and you’re right, Jack! Thanks!

]]> By: jack http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8431 jack Fri, 26 Sep 2008 16:19:48 +0000 http://bobmccarty.com/?p=6976#comment-8431 ---thanks a lot---how is it possible that none of the print media mention this---good for the house republicans for objecting---1st kick acorn out--then put in some conditions---this crises has brought to light a lot of stuff--and has brought to light why mccain says WA needs to be reformed--no wonder they have a 17% approval rating --obama looked like a fish out of water yesterday---no matter how much they spin it and how much the media helps the man is in no way shape or form prepared for the job--in tough times you need someone who is qualified for the job and who won't be pushed around by pelosi or reid or anyone else —thanks a lot—how is it possible that none of the print media mention this—good for the house republicans for objecting—1st kick acorn out–then put in some conditions—this crises has brought to light a lot of stuff–and has brought to light why mccain says WA needs to be reformed–no wonder they have a 17% approval rating

–obama looked like a fish out of water yesterday—no matter how much they spin it and how much the media helps the man is in no way shape or form prepared for the job–in tough times you need someone who is qualified for the job and who won’t be pushed around by pelosi or reid or anyone else

]]> By: hotoffthepress2 http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8430 hotoffthepress2 Fri, 26 Sep 2008 16:13:06 +0000 http://bobmccarty.com/?p=6976#comment-8430 cookiegramma -- Quite a payback, huh? cookiegramma — Quite a payback, huh?

]]> By: cookiegramma http://bobmccarty.com/2008/09/26/twenty-percent-of-700b-bailout-to-go-to-acorn/comment-page-1/#comment-8429 cookiegramma Fri, 26 Sep 2008 16:11:58 +0000 http://bobmccarty.com/?p=6976#comment-8429 Chris Dodds whole being is covered in grime, but because I am in Ct I have not heard about how deep Reid is in with ACORN. Is this just his small way of saying thanks to the organization for registering all thos cartoon characters, 14 year olds and dead people to vote democratic? Chris Dodds whole being is covered in grime, but because I am in Ct I have not heard about how deep Reid is in with ACORN. Is this just his small way of saying thanks to the organization for registering all thos cartoon characters, 14 year olds and dead people to vote democratic?

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