georgiajan...they were pulled out to get the agreement. There was a bunch of other crap too taht got pulled out and I" lsit at the end. And, you would not have found the word ACORN anywhere in the original language either. The original Dem rewrite plan tried to siphon off 20% of any profits to go into two funds.

Obama is a former ACRON attorney. It is my understanding he was responsible directly for this language. Listen to his previous talks about the provisions he had put in. Change you can believe in! This is the kind of crap why I say Obama is a hypocrite and no different! They tried a Dem cash grab of our money.

Here is that language from the former draft section (Section 5 under Title 1, thereafter amended and coded in the final draft as SEC. 106. RIGHTS; MANAGEMENT; SALE OF TROUBLED ASSETS; REVENUES AND SALE PROCEEDS.):

From Former draft:

TITLE I - Authorizing the Treasury Department to Buy Mortgage-Related Assets

Sec. 5. Rights; management; sale of troubled assets.

under section d ther was this provision:

d. TRANSFER OF A PERCENTAGE OF PROFITS.

(1). DEPOSITS. Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).

(2) USE OF DEPOSITS.Of the amount referred to in paragraph

A. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and

B. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

So they tried to siphon 20% of the profits and tried to say they would not do the deal without it. It was to go in part to something called the Federal Housng Trust Fund. Housing Trust Funds have consistently been utilized by the Dems in Congress and the Senate for grants to primarily ACORN and other groups such as La Raza (immigration group) to educate and assist minorities re home ownership. These groups repay with voter registrations and fraudulent registration of Dem voters. It is that simple and corrupt and "special interests". They tried to slip it in. This year ACORN received $16 million dollars of our money through this fund.

In closing and all and all, the following give-aways the dems tried to get were removed on behalf of and inportection of the taxpayers by the Republicans :

1. No ACORN money: All money goes to debt reduction

2. No blank check: Treasury is required to develop an insurance program

3. No union power grab: Dodd-Frank permitted unions to force themselves into the board room. This proposed compromise eliminates that.

4. No “cram down” bankruptcy provision (aka, trial bar giveaway):

5. No tax hikes: The proposed compromise simply requires a proposal to Congress to recoup any potential losses.