"Rats run in holes when lights come on. The City Council can expose the lenders," Jackson said.
Hey Kids! What's brownish grey; has more tale than tail, squeezes into cracks for nibbles and bolts out, quicker than a fat man eats his lunch; spreads fear, mistrust, and misery wherever he goes; is considered a major pest; loved only by his family, but they'd eat him given the opportunity and flourishes in big cities where foolish people think he's cute and edgy but do not pay careful attention to his purposes?
Yep. Rev. Jesse L. Jackson, Sr. Now, the man is after shaking down mortgage companies - BEST BELIEVE THAT JUNIOR!
http://www.suntimes.com/news/metro/668174,CST-NWS-jesse27.article
The Progressive - Independent Conscience of the City which pays for a Jesse Jackson column weekly is giving The Big Cheese eater's latest jackpot quest some help and he'll have their full support! Dick Simpson will weigh in; Frannie Spielman is being pulled off of real news ( poor Shanghaied talent); and the usual band of brothers will noodle and gravy Jesse's venture despite the fact that Jesse L. Jackson pulled the plug on an Illinois Program that combated predatory mortgage lenders - Jesse went to bat for those companies:
The program, Illinois Predatory Lending Database, went into effect last September. It was designed to collect information about lenders and was also supposed to ensure that borrowers with bad credit were counseled by the Department of Housing and Urban Development (HUD) before receiving loans (American Banker April 4).
However, the program's critics insist that the requirements made it even harder for low-income individuals to get loans and created delays.
Rev. Jesse Jackson Sr. has said the program's requirements made it more difficult for low-income individuals to refinance or sell their properties.
A credit counselling that would have prevented defaults on loans was strangled in the cradle by the biggest rodent in the alley.
Hey this stuff's in the papers - better than Seinfeld reruns
As always - click on auld post title for the story from last April when Jesse was not so bothered by defaults.
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