Special interest groups
Cry Wolf Quotes
This is going to be a lawyer’s paradise.
Any review of the history of the affordable mortgage movement in America demonstrates the power that CRA had in helping to shred mortgage underwriting standards throughout the industry and exposing us to the kind of market meltdown we've experienced. “If form follows, soon banks and other financial institutions operating under CRA will be cudgeled into lending to small businesses based on race and gender, which will be the opening of a new round of lower lending standards in the very risky small-business sector. The effort to save and extend CRA in the face of its role in the mortgage market's massive meltdown is testament to the unique power of this legislation to nourish an entire industry of nonprofits that, like Acorn, have been reliable supporters of politicians such as Barney Frank, Maxine Waters and a former community organizer and associate of Acorn by the name of Barack Obama.
Well, that didn't take long. Democrats are planning to kick off the legislative portion of the 111th Congress as early as today with two big donations to one of their most loyal retainers: the plaintiffs bar….For the tort bar, this is pure gold. It would create a new legal business in digging up ancient workplace grievances…. Elections have consequences, and one price of November's vote is going to be a more powerful, and much richer, plaintiffs bar.
Enforcement of Federal standards through Federal inspectors would result in the most intimate involvement of the Secretary of Labor in all operations affecting interstate commerce….easily result[ing] in blowing up the most minor grievances to very substantial proportions. A minor complaint can very well become a ‘federal case’. Provision of this kind of authority in the Federal government would tempt many an employee representative to boost his stock by calling on the federal government, since the very presence of a federal inspector could be used to demonstrate his importance and influence.
