Monday, August 01, 2011

ACORN Thugs Stink Up the Wrong Bank - Big Government

"Predatory lenders Herb and Marion Sandler paid ACORN $11 million over the years to attack Wells Fargo, the main competition in California for their lending institution, World Savings Bank. The Sandlers are radical left-wingers who belong to George Soros’s Democracy Alliance, a club of billionaires that funds political infrastructure aimed at pushing America to the left.

The Sandlers are loan sharks whom Time magazine included in its “25 People to Blame for the Financial Crisis” list. They preyed on the poor for years and paid ACORN, which also preys on the poor, to help them."

» ACORN Thugs Stink Up the Wrong Bank - Big Government

"In the early 1980s, the Sandlers' World Savings Bank became the first to sell a tricky home loan called the option ARM. And they pushed the mortgage, which offered several ways to back-load your loan and thereby reduce your early payments, with increasing zeal and misleading advertisements over the next two decades. The couple pocketed $2.3 billion when they sold their bank to Wachovia in 2006. But losses on World Savings' loan portfolio led to the implosion of Wachovia, which was sold under duress late last year to Wells Fargo."

Read more: http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877343,00.html #ixzz1TolDsX00

"Through their charity, the Sandler Family Supporting Foundation, they gave at least $5,723,222 to the ACORN network. Specifically, the charity gave $4,498,222 to American Institute for Social Justice (since 2003), $700,000 to Project Vote (in 2005), $525,000 to ACORN (2000–2001 according to Activist Cash). This excludes any contributions that either Sandler may have made personally to ACORN or its affiliates." American Spectator

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