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	<title>Comments on: The ACORN/Obama thug thizzle; new: Ohio grills ACORN workers</title>
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	<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/</link>
	<description>news and commentary from a conservative perspective</description>
	<lastBuildDate>Mon, 23 Nov 2009 00:06:09 -0500</lastBuildDate>
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		<title>By: Michelle Malkin &#187; Video: Laura Ingraham calls out Charlie Gibson&#8217;s ACORN ignorance</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-829914</link>
		<dc:creator>Michelle Malkin &#187; Video: Laura Ingraham calls out Charlie Gibson&#8217;s ACORN ignorance</dc:creator>
		<pubDate>Mon, 26 Oct 2009 02:39:38 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-829914</guid>
		<description>[...] On the ACORN side, I was part of political operations. POLOPS, as we called it during my tenure, had Zach Polett as its point person. Zach ran Project Vote, ACORN Political Operations, and sometimes, Citizens Services Inc. (CSI). Voter registration drives, lawsuits, youth voting, etc were all handled by this main ACORN nebulous, and I watched it run like a slightly inept machine. Over the years Project Vote has loudly protested that it is not a part of ACORN. Barack Obama&#8217;s Fight the Smears website also makes this absurd claim. [...]</description>
		<content:encoded><![CDATA[<p>[...] On the ACORN side, I was part of political operations. POLOPS, as we called it during my tenure, had Zach Polett as its point person. Zach ran Project Vote, ACORN Political Operations, and sometimes, Citizens Services Inc. (CSI). Voter registration drives, lawsuits, youth voting, etc were all handled by this main ACORN nebulous, and I watched it run like a slightly inept machine. Over the years Project Vote has loudly protested that it is not a part of ACORN. Barack Obama&#8217;s Fight the Smears website also makes this absurd claim. [...]</p>
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		<title>By: Michelle Malkin &#187; Video: ACORN affilates go nuts on Tea Party activists</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-755021</link>
		<dc:creator>Michelle Malkin &#187; Video: ACORN affilates go nuts on Tea Party activists</dc:creator>
		<pubDate>Sun, 26 Jul 2009 03:06:10 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-755021</guid>
		<description>[...] because thug thizzle is how they [...]</description>
		<content:encoded><![CDATA[<p>[...] because thug thizzle is how they [...]</p>
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		<title>By: McCain doesn&#8217;t take the gloves off. &#171; Purple and Gold Musings</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-669769</link>
		<dc:creator>McCain doesn&#8217;t take the gloves off. &#171; Purple and Gold Musings</dc:creator>
		<pubDate>Mon, 06 Apr 2009 16:20:31 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-669769</guid>
		<description>[...] Here&#8217;s a topic that should be front and center: ACORN [...]</description>
		<content:encoded><![CDATA[<p>[...] Here&#8217;s a topic that should be front and center: ACORN [...]</p>
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		<title>By: Michelle Malkin &#187; Who says conservative bloggers don&#8217;t do reporting?</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-582720</link>
		<dc:creator>Michelle Malkin &#187; Who says conservative bloggers don&#8217;t do reporting?</dc:creator>
		<pubDate>Sun, 04 Jan 2009 23:04:27 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-582720</guid>
		<description>[...] More young new media pioneers at Palestra.net, a partner with Fox News, did top-notch investigative work on voter fraud in Ohio and across the country, leading to government action. And, of course, we are forever grateful to Palestra&#8217;s Shelby Holliday for introducing us to the unforgettable and eternally useful phrase, &#8220;thug thizzle.&#8221; [...]</description>
		<content:encoded><![CDATA[<p>[...] More young new media pioneers at Palestra.net, a partner with Fox News, did top-notch investigative work on voter fraud in Ohio and across the country, leading to government action. And, of course, we are forever grateful to Palestra&#8217;s Shelby Holliday for introducing us to the unforgettable and eternally useful phrase, &#8220;thug thizzle.&#8221; [...]</p>
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		<title>By: LankyFrame &#187; Blog Archive &#187; obama thug</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-539306</link>
		<dc:creator>LankyFrame &#187; Blog Archive &#187; obama thug</dc:creator>
		<pubDate>Mon, 10 Nov 2008 21:06:53 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-539306</guid>
		<description>[...] michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers [...]</description>
		<content:encoded><![CDATA[<p>[...] michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers [...]</p>
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		<title>By: ACORN's Aim: Chaos at the Polls &#124; OBAMA ACORN</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-499923</link>
		<dc:creator>ACORN's Aim: Chaos at the Polls &#124; OBAMA ACORN</dc:creator>
		<pubDate>Wed, 15 Oct 2008 18:37:41 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-499923</guid>
		<description>[...] • WSJ: Obama and Acorn. Community Organizers, Phony Voters, and Your Tax Dollars • New York Post: 7 Year Old Gets An ACORN Vote • National Review: Wright 101. Obama Funded Extremist Afrocentrists Who Shared Rev. Wright?s Anti-Americanism - Stanley Kurtz • American Thinker: How to Steal Ohio • HotAir: Video: CNN Hits ACORN - Again For Bogus Voter Registrations • Newsbusters: Will Media Report ACORN Voter Registration Fraud and Obama Ties? • National Review: Identification Required • NewsMax: ACORN Pays to Register Teenager 72 Times • NewsMax: Clever Obama Tries To Bury ACORN Past • NewsMax: More ACORN Fraud Exposed: ACORN Whistleblowers • Investor&#8217;s Business Daily: Obama&#8217;s Real Problem With Ayers • New York Post: Terror Victim&#8217;s Questions for Barack • National Review: ACORN, Barack Obama, and the Democratic Party - Stanley Kurtz • Michelle Malkin: The ACORN/Obama Thug Thizzle; new: Ohio Grills ACORN Workers [...]</description>
		<content:encoded><![CDATA[<p>[...] • WSJ: Obama and Acorn. Community Organizers, Phony Voters, and Your Tax Dollars • New York Post: 7 Year Old Gets An ACORN Vote • National Review: Wright 101. Obama Funded Extremist Afrocentrists Who Shared Rev. Wright?s Anti-Americanism &#8211; Stanley Kurtz • American Thinker: How to Steal Ohio • HotAir: Video: CNN Hits ACORN &#8211; Again For Bogus Voter Registrations • Newsbusters: Will Media Report ACORN Voter Registration Fraud and Obama Ties? • National Review: Identification Required • NewsMax: ACORN Pays to Register Teenager 72 Times • NewsMax: Clever Obama Tries To Bury ACORN Past • NewsMax: More ACORN Fraud Exposed: ACORN Whistleblowers • Investor&#8217;s Business Daily: Obama&#8217;s Real Problem With Ayers • New York Post: Terror Victim&#8217;s Questions for Barack • National Review: ACORN, Barack Obama, and the Democratic Party &#8211; Stanley Kurtz • Michelle Malkin: The ACORN/Obama Thug Thizzle; new: Ohio Grills ACORN Workers [...]</p>
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		<title>By: ACORN and Voter Registration Fraud</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-494757</link>
		<dc:creator>ACORN and Voter Registration Fraud</dc:creator>
		<pubDate>Fri, 10 Oct 2008 19:20:14 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-494757</guid>
		<description>[...] a look at Right Voices, Michelle Malkin, HotAir, and [...]</description>
		<content:encoded><![CDATA[<p>[...] a look at Right Voices, Michelle Malkin, HotAir, and [...]</p>
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		<title>By: Michelle Malkin Judge rules Ohio Secretary of State violated federal election law; plus ACORN victim on tape &#124; OBAMA ACORN</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493995</link>
		<dc:creator>Michelle Malkin Judge rules Ohio Secretary of State violated federal election law; plus ACORN victim on tape &#124; OBAMA ACORN</dc:creator>
		<pubDate>Fri, 10 Oct 2008 13:38:21 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493995</guid>
		<description>[...] 65 Comments &#124; 26 Trackbacks [...]</description>
		<content:encoded><![CDATA[<p>[...] 65 Comments | 26 Trackbacks [...]</p>
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		<title>By: We&#8217;re Mad as Hell Part III &#171; Mark Epstein</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493901</link>
		<dc:creator>We&#8217;re Mad as Hell Part III &#171; Mark Epstein</dc:creator>
		<pubDate>Fri, 10 Oct 2008 10:44:36 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493901</guid>
		<description>[...] and his supporters are thugs doing their thizzle. And, just like the confused and lazy crackheads on the street (and in ACORN offices) doing their mack down, Obama and &#8220;crew&#8221; have the [...]</description>
		<content:encoded><![CDATA[<p>[...] and his supporters are thugs doing their thizzle. And, just like the confused and lazy crackheads on the street (and in ACORN offices) doing their mack down, Obama and &#8220;crew&#8221; have the [...]</p>
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		<title>By: Nightly Ramble:Barry&#8217;s plane; Oil down; BO&#8217;s supporters; more &#124; BitsBlog</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493306</link>
		<dc:creator>Nightly Ramble:Barry&#8217;s plane; Oil down; BO&#8217;s supporters; more &#124; BitsBlog</dc:creator>
		<pubDate>Thu, 09 Oct 2008 20:04:41 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493306</guid>
		<description>[...] Michelle. Keep it up. Keep in mind, kids, these are Obama people we&#8217;re talking [...]</description>
		<content:encoded><![CDATA[<p>[...] Michelle. Keep it up. Keep in mind, kids, these are Obama people we&#8217;re talking [...]</p>
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		<title>By: Scroll For Updates:I wish these people knew what racism is, but alas, I am forced to report on their ignorance &#124; Right Voices</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493303</link>
		<dc:creator>Scroll For Updates:I wish these people knew what racism is, but alas, I am forced to report on their ignorance &#124; Right Voices</dc:creator>
		<pubDate>Thu, 09 Oct 2008 20:03:37 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493303</guid>
		<description>[...] interviewing the Homeless People for Obama riff-raff in Ohio on this blog and in my column. (See here  and [...]</description>
		<content:encoded><![CDATA[<p>[...] interviewing the Homeless People for Obama riff-raff in Ohio on this blog and in my column. (See here  and [...]</p>
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		<title>By: Papa Louie</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493259</link>
		<dc:creator>Papa Louie</dc:creator>
		<pubDate>Thu, 09 Oct 2008 19:36:43 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493259</guid>
		<description>This story about &lt;a href=&quot;http://www.nypost.com/seven/10092008/news/politics/nuts__132771.htm&quot; rel=&quot;nofollow&quot;&gt;ACORN fraud in Cleveland &lt;/a&gt;will leave you seething:
&lt;blockquote&gt;&quot;I kept getting approached by folks who asked me to register,&quot; Barkley said. &quot;They&#039;d ask me if I was registered. I&#039;d say yes, and they&#039;d ask me to do it [register] again. 

&quot;Some of them were getting paid to collect names. That was their sob story, and I bought it,&quot; he said. 

Barkley is one of at least three people who have been subpoenaed by the Cuyahoga County Board of Elections as part of a wider inquiry into possible voter fraud by ACORN. The group seeks to register low-income voters, who skew overwhelmingly Democratic. 

&quot;You can tell them you&#039;re registered as many times as you want - they do not care,&quot; said Lateala Goins, 21, who was subpoenaed. 

&quot;They will follow you to the buses, they will follow you home, it does not matter,&quot; she told The Post. 

She added that she never put down an address on any of the registration forms, just her name. 

&lt;strong&gt;A third subpoenaed voter, Freddie Johnson, 19, filled out registration cards 72 times over 18 months&lt;/strong&gt;, officials said.
&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>This story about <a href="http://www.nypost.com/seven/10092008/news/politics/nuts__132771.htm" rel="nofollow">ACORN fraud in Cleveland </a>will leave you seething:</p>
<blockquote><p>&#8220;I kept getting approached by folks who asked me to register,&#8221; Barkley said. &#8220;They&#8217;d ask me if I was registered. I&#8217;d say yes, and they&#8217;d ask me to do it [register] again. </p>
<p>&#8220;Some of them were getting paid to collect names. That was their sob story, and I bought it,&#8221; he said. </p>
<p>Barkley is one of at least three people who have been subpoenaed by the Cuyahoga County Board of Elections as part of a wider inquiry into possible voter fraud by ACORN. The group seeks to register low-income voters, who skew overwhelmingly Democratic. </p>
<p>&#8220;You can tell them you&#8217;re registered as many times as you want &#8211; they do not care,&#8221; said Lateala Goins, 21, who was subpoenaed. </p>
<p>&#8220;They will follow you to the buses, they will follow you home, it does not matter,&#8221; she told The Post. </p>
<p>She added that she never put down an address on any of the registration forms, just her name. </p>
<p><strong>A third subpoenaed voter, Freddie Johnson, 19, filled out registration cards 72 times over 18 months</strong>, officials said.
</p></blockquote>
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		<title>By: OpenMarket.org &#187; Archive &#187; Voter Fraud in Virginia Abetted by ACLU</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-493186</link>
		<dc:creator>OpenMarket.org &#187; Archive &#187; Voter Fraud in Virginia Abetted by ACLU</dc:creator>
		<pubDate>Thu, 09 Oct 2008 18:58:22 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-493186</guid>
		<description>[...] left-wing activist group ACORN is active in registering voters in swing states, including imaginary people and minors.  It has a long history of vote fraud and financial [...]</description>
		<content:encoded><![CDATA[<p>[...] left-wing activist group ACORN is active in registering voters in swing states, including imaginary people and minors.  It has a long history of vote fraud and financial [...]</p>
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		<title>By: UrbanGrounds &#187; Blog Archive &#187; More Voter Fraud &#8212; 105% of Indiana Voters Registered to Vote</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-492941</link>
		<dc:creator>UrbanGrounds &#187; Blog Archive &#187; More Voter Fraud &#8212; 105% of Indiana Voters Registered to Vote</dc:creator>
		<pubDate>Thu, 09 Oct 2008 17:20:11 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-492941</guid>
		<description>[...] Michelle Malkin has a syndicated column that spotlights all of the latest ACORN voter fraud outbreaks &#8212; there&#8217;s only room for the latest. To try to catalog all of ACORNS voter fraud involvment would take more pixles and bandwidth than the Internet can support. [...]</description>
		<content:encoded><![CDATA[<p>[...] Michelle Malkin has a syndicated column that spotlights all of the latest ACORN voter fraud outbreaks &#8212; there&#8217;s only room for the latest. To try to catalog all of ACORNS voter fraud involvment would take more pixles and bandwidth than the Internet can support. [...]</p>
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		<title>By: reshas1</title>
		<link>http://michellemalkin.com/2008/10/08/the-acornobama-thug-thizzle-new-ohio-grills-acorn-workers/comment-page-1/#comment-492664</link>
		<dc:creator>reshas1</dc:creator>
		<pubDate>Thu, 09 Oct 2008 15:36:02 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/?p=16636#comment-492664</guid>
		<description>http://www.ofheo.gov/contact.aspx



“ENSIGN URGES FEDS TO STOP PAYMENTS TO ACORN”   [Rich Lowry]



Washington, D.C. – In a letter to the Federal Housing Finance Agency (FHFA), Senator John Ensign today called for the suspension of taxpayer dollars that ultimately end up in the hands of such controversial groups as ACORN, the Association of Community Organizations for Reform Now.  ACORN, which is under investigation, is eligible for Fannie Mae and Freddie Mac affordable housing funds, which add up to hundreds of millions of dollars a year.

“With the government takeover of Fannie and Freddie, the government will be taxing itself to create a backdoor slush fund, and we must prevent these taxpayer dollars from going toward ACORN,” said Ensign.  “With the recent news tying ACORN with voter fraud, suspending these funds is even more urgent.”

As part of the Housing and Economic Recovery Act of 2008, Fannie and Freddie are required to provide funding for newly created affordable housing funds.  This was signed into law prior to the government takeover of the two agencies.  Now that the government owns Fannie and Freddie and may provide them with up to $200 billion, taxing these companies does not help create stability, which is the goal of FHFA.

A search warrant was served today on the ACORN Headquarters in Nevada as part of an ongoing investigation into whether employees used false addresses or false names as part of their voter registration operation.

The letter was sent to James Lockhart, the Director of the Federal Housing Finance Agency today.  As the regulatory agency overseeing Fannie and Freddie, FHFA has the authority to stop these contributions to the affordable housing funds.  Senators Michael Enzi, Jon Kyl, David Vitter, Pat Roberts, Tom Coburn, John Thune and Jim DeMint signed the letter with Ensign.

Continue reading this post for the text of the letter.


October 7, 2008

 

The Honorable James B. Lockhart III

Director

Federal Housing Finance Agency

1700 G Street, NW

Fourth Floor                              

Washington, D.C.  20552

 

Dear Director Lockhart:

 

We write today to urge you to exercise your statutory authority to suspend any contributions from Fannie Mae and Freddie Mac to the newly created affordable housing funds, which could direct federal dollars to controversial groups like ACORN. 

 

The Housing and Economic Recovery Act of 2008 requires that Fannie Mae and Freddie Mac set aside an amount equal to 4.2 basis points for each dollar of new business activity and transfer those funds to two newly created affordable housing funds.  The Congressional Budget Office estimates that such assessments may equal hundreds of millions of dollars a year for each company.  Sec. 1337(b) of 12 U.S.C. 1301, however, gives you the authority to suspend those contributions if the assessments would contribute to the financial instability or the undercapitalization of the enterprises. 

 

Less than one month ago, the Federal Housing Finance Agency (FHFA) placed the enterprises into conservatorship due to concerns over the soundness of the firms and their difficulty in raising sufficient capital to carry out their missions.  You said in a Sept. 7, 2008, statement that the companies could not “continue to operate safely and soundly and fulfill their critical public mission” and that “FHFA will act as the conservator to operate the Enterprises until they are stabilized.”

 

Fannie Mae and Freddie Mac are clearly financially unstable and face significant capitalization problems.  One does not need to wait for financial reports to understand that.  We strongly believe that taxing the companies hundreds of millions of dollars a year weakens their financial health and is completely at odds with FHFA’s goal of stabilizing the companies and returning them to normal business operations.  We urge you to suspend any contributions to the affordable housing funds until at a minimum the enterprises are no longer in conservatorship and to make such a decision without further delay.  Thank you for your consideration in this matter.





“ENSIGN URGES FEDS TO STOP PAYMENTS TO ACORN”   [Rich Lowry]



Washington, D.C. – In a letter to the Federal Housing Finance Agency (FHFA), Senator John Ensign today called for the suspension of taxpayer dollars that ultimately end up in the hands of such controversial groups as ACORN, the Association of Community Organizations for Reform Now.  ACORN, which is under investigation, is eligible for Fannie Mae and Freddie Mac affordable housing funds, which add up to hundreds of millions of dollars a year.

“With the government takeover of Fannie and Freddie, the government will be taxing itself to create a backdoor slush fund, and we must prevent these taxpayer dollars from going toward ACORN,” said Ensign.  “With the recent news tying ACORN with voter fraud, suspending these funds is even more urgent.”

As part of the Housing and Economic Recovery Act of 2008, Fannie and Freddie are required to provide funding for newly created affordable housing funds.  This was signed into law prior to the government takeover of the two agencies.  Now that the government owns Fannie and Freddie and may provide them with up to $200 billion, taxing these companies does not help create stability, which is the goal of FHFA.

A search warrant was served today on the ACORN Headquarters in Nevada as part of an ongoing investigation into whether employees used false addresses or false names as part of their voter registration operation.

The letter was sent to James Lockhart, the Director of the Federal Housing Finance Agency today.  As the regulatory agency overseeing Fannie and Freddie, FHFA has the authority to stop these contributions to the affordable housing funds.  Senators Michael Enzi, Jon Kyl, David Vitter, Pat Roberts, Tom Coburn, John Thune and Jim DeMint signed the letter with Ensign.

Continue reading this post for the text of the letter.


October 7, 2008

 

The Honorable James B. Lockhart III

Director

Federal Housing Finance Agency

1700 G Street, NW

Fourth Floor                              

Washington, D.C.  20552

 

Dear Director Lockhart:

 

We write today to urge you to exercise your statutory authority to suspend any contributions from Fannie Mae and Freddie Mac to the newly created affordable housing funds, which could direct federal dollars to controversial groups like ACORN. 

 

The Housing and Economic Recovery Act of 2008 requires that Fannie Mae and Freddie Mac set aside an amount equal to 4.2 basis points for each dollar of new business activity and transfer those funds to two newly created affordable housing funds.  The Congressional Budget Office estimates that such assessments may equal hundreds of millions of dollars a year for each company.  Sec. 1337(b) of 12 U.S.C. 1301, however, gives you the authority to suspend those contributions if the assessments would contribute to the financial instability or the undercapitalization of the enterprises. 

 

Less than one month ago, the Federal Housing Finance Agency (FHFA) placed the enterprises into conservatorship due to concerns over the soundness of the firms and their difficulty in raising sufficient capital to carry out their missions.  You said in a Sept. 7, 2008, statement that the companies could not “continue to operate safely and soundly and fulfill their critical public mission” and that “FHFA will act as the conservator to operate the Enterprises until they are stabilized.”

 

Fannie Mae and Freddie Mac are clearly financially unstable and face significant capitalization problems.  One does not need to wait for financial reports to understand that.  We strongly believe that taxing the companies hundreds of millions of dollars a year weakens their financial health and is completely at odds with FHFA’s goal of stabilizing the companies and returning them to normal business operations.  We urge you to suspend any contributions to the affordable housing funds until at a minimum the enterprises are no longer in conservatorship and to make such a decision without further delay.  Thank you for your consideration in this matter.</description>
		<content:encoded><![CDATA[<p><a href="http://www.ofheo.gov/contact.aspx" rel="nofollow">http://www.ofheo.gov/contact.aspx</a></p>
<p>“ENSIGN URGES FEDS TO STOP PAYMENTS TO ACORN”   [Rich Lowry]</p>
<p>Washington, D.C. – In a letter to the Federal Housing Finance Agency (FHFA), Senator John Ensign today called for the suspension of taxpayer dollars that ultimately end up in the hands of such controversial groups as ACORN, the Association of Community Organizations for Reform Now.  ACORN, which is under investigation, is eligible for Fannie Mae and Freddie Mac affordable housing funds, which add up to hundreds of millions of dollars a year.</p>
<p>“With the government takeover of Fannie and Freddie, the government will be taxing itself to create a backdoor slush fund, and we must prevent these taxpayer dollars from going toward ACORN,” said Ensign.  “With the recent news tying ACORN with voter fraud, suspending these funds is even more urgent.”</p>
<p>As part of the Housing and Economic Recovery Act of 2008, Fannie and Freddie are required to provide funding for newly created affordable housing funds.  This was signed into law prior to the government takeover of the two agencies.  Now that the government owns Fannie and Freddie and may provide them with up to $200 billion, taxing these companies does not help create stability, which is the goal of FHFA.</p>
<p>A search warrant was served today on the ACORN Headquarters in Nevada as part of an ongoing investigation into whether employees used false addresses or false names as part of their voter registration operation.</p>
<p>The letter was sent to James Lockhart, the Director of the Federal Housing Finance Agency today.  As the regulatory agency overseeing Fannie and Freddie, FHFA has the authority to stop these contributions to the affordable housing funds.  Senators Michael Enzi, Jon Kyl, David Vitter, Pat Roberts, Tom Coburn, John Thune and Jim DeMint signed the letter with Ensign.</p>
<p>Continue reading this post for the text of the letter.</p>
<p>October 7, 2008</p>
<p>The Honorable James B. Lockhart III</p>
<p>Director</p>
<p>Federal Housing Finance Agency</p>
<p>1700 G Street, NW</p>
<p>Fourth Floor                              </p>
<p>Washington, D.C.  20552</p>
<p>Dear Director Lockhart:</p>
<p>We write today to urge you to exercise your statutory authority to suspend any contributions from Fannie Mae and Freddie Mac to the newly created affordable housing funds, which could direct federal dollars to controversial groups like ACORN. </p>
<p>The Housing and Economic Recovery Act of 2008 requires that Fannie Mae and Freddie Mac set aside an amount equal to 4.2 basis points for each dollar of new business activity and transfer those funds to two newly created affordable housing funds.  The Congressional Budget Office estimates that such assessments may equal hundreds of millions of dollars a year for each company.  Sec. 1337(b) of 12 U.S.C. 1301, however, gives you the authority to suspend those contributions if the assessments would contribute to the financial instability or the undercapitalization of the enterprises. </p>
<p>Less than one month ago, the Federal Housing Finance Agency (FHFA) placed the enterprises into conservatorship due to concerns over the soundness of the firms and their difficulty in raising sufficient capital to carry out their missions.  You said in a Sept. 7, 2008, statement that the companies could not “continue to operate safely and soundly and fulfill their critical public mission” and that “FHFA will act as the conservator to operate the Enterprises until they are stabilized.”</p>
<p>Fannie Mae and Freddie Mac are clearly financially unstable and face significant capitalization problems.  One does not need to wait for financial reports to understand that.  We strongly believe that taxing the companies hundreds of millions of dollars a year weakens their financial health and is completely at odds with FHFA’s goal of stabilizing the companies and returning them to normal business operations.  We urge you to suspend any contributions to the affordable housing funds until at a minimum the enterprises are no longer in conservatorship and to make such a decision without further delay.  Thank you for your consideration in this matter.</p>
<p>“ENSIGN URGES FEDS TO STOP PAYMENTS TO ACORN”   [Rich Lowry]</p>
<p>Washington, D.C. – In a letter to the Federal Housing Finance Agency (FHFA), Senator John Ensign today called for the suspension of taxpayer dollars that ultimately end up in the hands of such controversial groups as ACORN, the Association of Community Organizations for Reform Now.  ACORN, which is under investigation, is eligible for Fannie Mae and Freddie Mac affordable housing funds, which add up to hundreds of millions of dollars a year.</p>
<p>“With the government takeover of Fannie and Freddie, the government will be taxing itself to create a backdoor slush fund, and we must prevent these taxpayer dollars from going toward ACORN,” said Ensign.  “With the recent news tying ACORN with voter fraud, suspending these funds is even more urgent.”</p>
<p>As part of the Housing and Economic Recovery Act of 2008, Fannie and Freddie are required to provide funding for newly created affordable housing funds.  This was signed into law prior to the government takeover of the two agencies.  Now that the government owns Fannie and Freddie and may provide them with up to $200 billion, taxing these companies does not help create stability, which is the goal of FHFA.</p>
<p>A search warrant was served today on the ACORN Headquarters in Nevada as part of an ongoing investigation into whether employees used false addresses or false names as part of their voter registration operation.</p>
<p>The letter was sent to James Lockhart, the Director of the Federal Housing Finance Agency today.  As the regulatory agency overseeing Fannie and Freddie, FHFA has the authority to stop these contributions to the affordable housing funds.  Senators Michael Enzi, Jon Kyl, David Vitter, Pat Roberts, Tom Coburn, John Thune and Jim DeMint signed the letter with Ensign.</p>
<p>Continue reading this post for the text of the letter.</p>
<p>October 7, 2008</p>
<p>The Honorable James B. Lockhart III</p>
<p>Director</p>
<p>Federal Housing Finance Agency</p>
<p>1700 G Street, NW</p>
<p>Fourth Floor                              </p>
<p>Washington, D.C.  20552</p>
<p>Dear Director Lockhart:</p>
<p>We write today to urge you to exercise your statutory authority to suspend any contributions from Fannie Mae and Freddie Mac to the newly created affordable housing funds, which could direct federal dollars to controversial groups like ACORN. </p>
<p>The Housing and Economic Recovery Act of 2008 requires that Fannie Mae and Freddie Mac set aside an amount equal to 4.2 basis points for each dollar of new business activity and transfer those funds to two newly created affordable housing funds.  The Congressional Budget Office estimates that such assessments may equal hundreds of millions of dollars a year for each company.  Sec. 1337(b) of 12 U.S.C. 1301, however, gives you the authority to suspend those contributions if the assessments would contribute to the financial instability or the undercapitalization of the enterprises. </p>
<p>Less than one month ago, the Federal Housing Finance Agency (FHFA) placed the enterprises into conservatorship due to concerns over the soundness of the firms and their difficulty in raising sufficient capital to carry out their missions.  You said in a Sept. 7, 2008, statement that the companies could not “continue to operate safely and soundly and fulfill their critical public mission” and that “FHFA will act as the conservator to operate the Enterprises until they are stabilized.”</p>
<p>Fannie Mae and Freddie Mac are clearly financially unstable and face significant capitalization problems.  One does not need to wait for financial reports to understand that.  We strongly believe that taxing the companies hundreds of millions of dollars a year weakens their financial health and is completely at odds with FHFA’s goal of stabilizing the companies and returning them to normal business operations.  We urge you to suspend any contributions to the affordable housing funds until at a minimum the enterprises are no longer in conservatorship and to make such a decision without further delay.  Thank you for your consideration in this matter.</p>
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