This past week some in Congress complained because Bank of America, who has taken billion of taxpayer bailout funds, hosted a promotional event at the Super Bowl. At lest that event was designed to help the bank’s business grow.
What Congress should really be mad about is the $2 million Bank of America gave to Acorn last year. Yeah, Acorn. The same organization that has been indicted for voter fraud many times throughout the country and continually shakes down banks for “affordable housing” funds.
Just another example of Progressive Corporatism in action.
How hard would it be to implement a recovery plan that fixes credit card rates at no more than 9%, require Fan/Fred (and any other bailout bank) to offer a zero-down, 5% 30yr fixed rate loan as either new or refinance to anyone seeking less than a $500k mortgage? Add to that a 17% flat tax, no deductions at all (if you have children, be prepared to afford them), and I'm betting the economy would flourish.
We must find a way to eliminate the corruption in our government and ACORN should be the first to go. Where's the transparency Ob? Where is the Change we can believe in?
But the Congress's majority is Democrat and that Left can d no wrong! It's okay that BOA gave to Acorn but if they re-did a bathroom over, look out!
Double Standards – that's all I can say!