Anatomy Of A Scandal

by Jeffrey Lord - October 14th, 2008 - The American Spectator

"The banks know they are being held up, but they are not going to fight over this. They look at it as a cost of doing business."

The cost of doing business. Wow. Remember that the next time you look at what's left of your portfolio.

Paying what amounts to blackmail money to appease the political pressures from ACORN -- while letting ACORN have their way with banks and financial institutions -- has now, incredibly, helped bring millions of Americans -- perhaps you, dear reader -- to the brink of bankruptcy. Stocks, mutual funds, 401k's, pensions, credit -- the financial guts of a family, a business, and in turn the underlying financial foundation of the U.S. government itself -- are now in serious, serious trouble. Entire Wall Street institutions are utterly collapsed. Somewhere Bill Ayers and Jeremiah Wright are surely laughing hysterically.

This is in real part because of ACORN, the self-same organization that is now being investigated for massive voter fraud in key electoral states from Pennsylvania to Nevada. The same organization which Barack Obama himself once counseled in his role as a "community organizer."

With all the publicity this story has gotten, I had a discussion yesterday with an intelligent (and I thought knowledgeable) friend who still refuses to believe that the banks in America where held up and blackmailed in the method described in this article. Despite all the evidence provided in the conservative press, she only gets her news from broadcast TV and local newspapers. Thus she has not seen an iota of this argument and the real explanation of the history of this economic crisis. The result is that she has just decided to change her vote to Obama, because as she says, "He will fix the deregulation that led to this crisis."

I am reminded of John Edwards insistence that there are two Americas. He is right. There is an America that listens to the Main Stream Media and there is an America that listens to reality. They are not the same because they have not heard the same facts. Deregulation did not cause this crisis.

Everyone knows that the Main Stream Media is in the tank for Obama. However they do not seem to extend that reality to accept that they are being kept in the dark about what is happening in our nation. If you are unaware that banks and lenders were threatened with criminal prosecution if they did not provide no-doc-no-down loans to minorities whose foreclosures are destroying home prices and wiping out the ability of lenders to continue lending, how can you make an intelligent decision about responsibility for the economic crisis?

The politicized brain washing of our schools for the last two generations has accomplished exactly what Bill Ayers wanted. The American people are about to turn the worlds greatest nation over to practitioners of the worlds most evil economic system. Four years of the socialism of Jimmy Carter proved that even America cannot withstand the insidious evil. It led to high prices, an energy crisis, horrible interest rates and installing the first Islamo-fascist government in Iran. We Luckily found Ronald Reagan in time. I doubt we will be that lucky again.

The title to this article is misleading. This is not a scandal. This has been a stealth civil war. According to the polls the American voter is about to surrender to the side that initiated the war.