That’s when I’ll Believe that The Blessed One’s Brethren have been cut out of his housing panel meets, and greets, and tweets and…but Not Before Then.

It’s pure Schadenfreude (sp?) to see these shills get shut out by their demi-god.

PS – La Raza has a wealth-building program? Hmmmm…

Apparently being a community organizer qualifies you to be president…

Yes, apparently. *barf*

“Apparently being a community organizer qualifies you to be president, but it’s not good enough to be part of HUD and Treasury’s think tank on housing,” said NCRC chief executive John Taylor, whose group works with hundreds of community organizations to promote access to financial services for low- and middle-income people.

Says who?

They might increase the number of section 8 vouchers that will pay for rent in houses. there’s always a taste for spreading the poor into middle class housing areas.

r keller on August 13, 2010 at 4:24 PM

Let’s make all of our neighborhoods into an Algred Gardens, right, Valerie Jarrett?

I lack confidence that it will make much difference, since most of Obama’s appointees will have opinions that mirror those of the organizers. But at least this gives me HOPE that he can make a wise choice.

They might increase the number of section 8 vouchers that will pay for rent in houses. there’s always a taste for spreading the poor into middle class housing areas.

r keller on August 13, 2010 at 4:24 PM

Ya mean hes’ gonna put his million man, stronger than the US military army right in our neighborhoods?

Dang I thought I was gonna have to go hunt em down.
This is gonna be easier than Hillarys’ “Sleezy” Button!

Won’t ever have to waste gas to go find em!

After the administration announced the 12 panelists for Tuesday’s conference, the nonprofit National Community Reinvestment Coalition said consumer and community groups had been “muscled out” by financial companies, economists and academics without a sense of how housing policy plays out in communities.

To me, this looks like The One moving back into his personal “comfort zone”. He’s surrounding himself with academics (economists fall into that category), most if not all of whom he can be sure share his worldview.

Now, consider that the new round of “stimulus” spending includes money for studies on “urbanization”, specifically getting people out of individual homes and into “mass developments”, the present code-word for “housing projects” (think Cabrini Green). This has been the ideological be-all and end-all of the “progressive” crowd going back to the 1920s (read From Bauhaus To Our House by Tom Wolfe for the gory details). They like the idea of “worker housing”, even or especially if it’s housing for people who don’t actually “work”.

The most probable outcome of this is going to be new “projects” springing up everywhere, just as they did during LBJ’s “Great Society”, with all the attendant problems. It’s the old “It Can’t Possibly Fail This Time Because We’re So Much Smarter Than The Last Bunch Who Tried It” shtick that progressives do. Over and over again. (Notice I didn’t say they do it well, because they don’t.)

As for the financial institutions, their presence is sort of like being a local businessman at a Chicago Democrat Party “fundraiser”. I.e., “You’re paying for this. Now, you got two choices how. Do it now, or do it after we break your f’n kneecaps. Your call.”

Of course, the financial institutions will be doing it with their depositors’ money (meaning yours and mine), but hey, that’s the Chicago Way.

My guess is, they’ll still be paying when the new projects are torn down, just like the ones LBJ put up were twenty-odd years ago.

If you live in a big city, now might be a good time to move out.

clear ether

eon

National Rent Control!

Yeah, that’s the ticket… never doubt the damage a bunch of academics and bureaucrats can do when they seek to ‘fix’ things. The housing market used to be very simple, conservative and home values went up slowly over decades before the government got involved to ‘securitize’ mortgages and destroy that system. I’m sure they have something similar in mind for rental units for the poor… start small and work your way up to everyone… because rent control for the poor is so very good, no?

So a community orgenizer stabs other guys like himself in the back after he uses them and rises up.

Huh? What’s the big deal? You think it is worse than taking payoffs froma guy who built shacks for the poor to live in? How about the fact that you are surrounded by thieves who harmed the blacks in Chicago?

Then you promise Hope and Change!

Stalin and Hitler did stuff like this all the time. They would use desperate and dedicated like kleenex.

The joke is that blacks and whites believe in leaders like him, time after time.

“Apparently being a community organizer qualifies you to be president, but it’s not good enough to be part of HUD and Treasury’s think tank on housing,” said NCRC chief executive John Taylor

That’s going to leave a mark…..

there’s a lot of people (homebuilders, mortgage brokers) who love this stuff.

They might increase the number of section 8 vouchers that will pay for rent in houses. there’s always a taste for spreading the poor into middle class housing areas.

Why is the Federal government involved in housing?

marinetbryant on August 13, 2010 at 3:57 PM

A lot of banks and mortgage lenders got very fat and happy while they shoved off their bad loans and credit risk onto Fannie and Freddie. It was a lot of mutual back-scratching that benefited everyone but the taxpayer. But this model only worked as long as home prices went up. They may not go up appreciably for years, so the government needs a way out to keep from hemorrhaging even more dollars on loan losses.

The people at Treasury know what kind of morass they took over at Fannie and Freddie. They don’t want any part of it. The Mortgage Bankers Association actually has a very good proposal to create several competitive private mortgage conduits with private insurers to back them up. This would provide competition and insurance as the primary regulatory forces that would act against another spiraling down of lending standards. I expect to see something similar come out of this conference.

It seems clear that this panel is being rigged to conclude that Fannie and Freddie have to be wound down as quickly as possible. The panelists are all grownups who know what they are talking about and should, actually get some serious work done. The NCRC and its sister groups don’t want that at all. They wanted a platfornm to whine some more about lending discrimination and demand more hush money.

Good for Tim Geithner on this one!

Why is the Federal government involved in housing?

marinetbryant on August 13, 2010 at 3:57 PM

Commerce clause?

I’m leaning toward 2. Just based on the way Obama operates.

AUINSC on August 13, 2010 at 3:46 PM

ditto…looking out for #1…