ACORN's Role in the Financial Crisis.
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Working Families Party obstensibly sponsored the recent visit to our town 
of a busload of protesters, but when the demonstration started, we quickly 
found out who was calling the shots: none other than ACORN. In fact, 
Working Families Party is nothing more than a front group for ACORN, a 
group that has been given significant taxpayer funding in the stimulus 
bill and omnibus spending bill that were recently passed in congress.
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Why is this important?
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ACORN spent the 1990's agitating for exactly the policies that led us into 
this mess: for banks to make more sub-prime loans.  They would use the 
same Alinskyite tactics they are using now: show up at the homes of bank 
executives as the street muscle in the game of intimidation.  Sympathetic 
congressmen would then call for subpoenas, the news media would amplify 
the message, and the execs would cave.
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Writing bad loans will normally result in the rapid demise of the 
individual bank that underwrites the loan, meaning that
this system would have failed quickly were it not for firms on  
Wall Street helping out by devising ways to package these bad loans in 
with good loans so they could be sold and taken off the bank's books. The 
Federal Reserve did it's part when it inflated the housing bubble by 
keeping interest rates low. When
customers started getting nervous, AIG stepped into the breach with CDO's 
which would insure the purchasers against loss and KABOOM, catastrophic 
failure. They were all necessary players in a system that ACORN WANTED!
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This is a complicated story, but ACORN's role in all of this needs to be 
told. They played a major role in causing the crisis, and they certainly 
can not be trusted to play any part in it's ultimate resolution.
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I would urge Wilton residents to contact Jim Himes, who was the Working 
Families Party candidate in the 2008 election, and ask him if he supports 
taxpayer funding of ACORN.