Obama helps shield ACORN from Criminal Prosecution in the Economic Crisis
Obama, and Biden, have co-sponsored legislation that would help shield organizations like ACORN from criminal prosecution for engaging in just the sort of activities that have lead to the current economic crisis. It could shield such organizations against the Truth in Lending Act or any other state of federal consumer protection law.
From Canada Free Press
Not only did Senator Barack Obama’s presidential campaign pay more than U.S. $800,000 to a front of the Association of Community Organizations for Reform, Now, ACORN, currently under investigation in a dozen States for voter registration fraud and bribery schemes, for “get-out-the-vote-efforts”; Obama co-sponsored legislation called the “Helping Families Save their Homes in Bankruptcy Act of 2007”– that was supported by ACORN and protects them.
. . .
Notice now, another key reason why groups like ACORN support this legislation because it: “Prohibits the court from allowing a claim that is subject to any remedy for damages or rescission due to failure to comply with the Truth in Lending Act or any other state or federal consumer protection law.”
. . .
This bill absolves organizations of any guilt or culpability under TILA; perhaps the same organizations who intimidated and bullied banks into providing risky loans to unqualified borrowers like ACORN.
S. 2136: Helping Families Save Their Homes in Bankruptcy Act of 2008
Sponsor
- Sen. Richard Durbin [D-IL]
Cosponsors [as of 2008-09-27]
- Sen. Joseph Biden [D-DE]
- Sen. Barbara Boxer [D-CA]
- Sen. Sherrod Brown [D-OH]
- Sen. Hillary Clinton [D-NY]
- Sen. Christopher Dodd [D-CT]
- Sen. Dianne Feinstein [D-CA]
- Sen. Thomas Harkin [D-IA]
- Sen. John Kerry [D-MA]
- Sen. Robert Menéndez [D-NJ]
- Sen. Barack Obama [D-IL]
- Sen. John Reed [D-RI]
- Sen. Charles Schumer [D-NY]
- Sen. Sheldon Whitehouse [D-RI]
References