#1 The ACORN issue is off the table.Fevered opposition to the provision
09-29-2008, 12:37 AM
- Join Date
- Aug 2005
ACORN outrage removes affordable housing provision
The ACORN issue is off the table.Fevered opposition to the provision had become a viral sensation.
After several days of rage from conservative activists regarding a provision in the bailout bill that would send some of the profits from the sale of distressed assets the goverment buys into an affordable housing trust fund,
ACORN, a Democratic ally, was not specifically directed any funds in the previous proposal, but money that went to state and local governments could then have been divvied out to the organization, which the GOP said was a deal breaker.
It appears that, with the removal of the affordable housing trust fund, all of the proceeds from the sale of assets will now go to retire the debt.
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