LAST STRAW: Democrats want to give ACORN supervisory position in new government agency

The public has been outraged over the videos of ACORN employees (giving advice on how to get around the law to who they thought was a prostitute and her pimp) ... And if that isn't enough to cast away ACORN, there is the investigations for numerous infractions of the law including misuse of government funds and the use of strong-arm tactics and extortion in demanding money and mortgage partnerships from a number of financial and lending institutions.

BUT... the LAST STRAW is the Democrat's continued support and protection of ACORN. They just can't seem to stop!

In considering legislation to create the Consumer Financial Protection Agency (CFPA) Democrats voted to accept an amendment to HR by Rep. Maxine Waters (D-CA) that will make ACORN eligible for a board position that plays a role in setting regulations for financial institutions.

Trading Markets Magazine reports that the Waters amendment would add five representatives to the Oversight Board from fields of “consumer protection, fair lending and civil rights , representatives of depository institutions that primarily serve under-served communities, or representatives of communities that have been significantly impacted by higher-priced mortgages to join Federal banking regulators in advising the Director on the consistency of proposed regulations, and strategies and policies that the Director should undertake to enforce its rules.”

Trading Markets points out how the move will create an enormous, government-sanctioned, conflict of interest. ACORN and other similar organizations would have a supervisory role in regulating financial institutions from whom they receive millions annually in direct contributions and special partnership arrangements.

ACORN and the others are the same organizations that pressured banks to make sub-prime mortgage loans and thus bear a major responsibility for the collapse of the housing market.

See the full article: http://www.tradingmarkets.com/.site/news/Stock%20News/2599000/#