1. The reason why ACORN wanted to pressure the banks to alter the criteria for approving loans was in order to make money.
Banks changed from financial consideration, such as Down Payment percentage, Monthly payment in relation to Income, Credit History, to whether applicant was attending a Credit Counseling Program.
So, even with no money down, bad credit history, and not enough income, if the applicant was attending one of these Credit Counseling Program, the application was approved.
Guess who offered and ran these Credit Counseling Programs?
ACORN, of course, for a fee. What a racket.
Let’s see what else is ACORN known for? Oh, yes, organizing blacks to vote. Just imagine for a moment. Democratic party primary is where Democrats vote. If all blacks go to poll and vote, they can easily determine whether a candidate will win or lose the primary.
Are you willing to bet your house that they didn’t threaten the Congressional Democrats, who have to run for their seats every 2 years