By Matthew Vadum ——Bio and Archives--July 11, 2009
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“Given that the administration has invested a lot of political capital and TARP funds into the creation of “Making Home Affordable,” we were shocked to see that one of the last holdouts, “Home Wrecker” Wilbur Ross, has been selected by Treasury to manage this effort designed to clean up banks’ balance sheets,” ACORN CEO Bertha Lewis said in a statement. “This is disappointing in the extreme, and calls into question Treasury’s commitment to preventing foreclosures when it entrusts public funds to a corporate titan who has refused to do the bare minimum in foreclosure prevention by joining the administration’s program.” ACORN said if Ross doesn’t join the administration’s program, the Treasury Department should “yank his sweetheart deal.” “American homeowners and taxpayers demand nothing less than all hands on deck to save the American dream and rescue the economy,” Lewis said. “Wilbur Ross has so far refused to do his part. That must change, now.”Bear in mind this could all just be political theater and that the president might secretly welcome the kick in the rear by ACORN’s Lewis in order to embarrass Invesco’s Ross into getting with the program.
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Matthew Vadum, matthewvadum.blogspot.com, is an investigative reporter.
His new book Subversion Inc. can be bought at Amazon.com (US), Amazon.ca (Canada)
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