McCain's ACORN 'theory' planted on rocky soil

Freedom Democrats blog:

I want to point out that the ACORN conspiracy theory (or scapegoating, perhaps) is even broader than these baseless accusations of voter fraud. McCain is even trying to blame ACORN for the fact that Wall-Street bankers failed to manage their risk properly (see the TV commercial)--as if this relatively tiny organization could pressure the banking industry into destroying its own foundations at a time that it was raking in hundreds of billions of dollars in profits each year (FWIW, Greenspan places much/most of the blame on investor demand for mortgage backed securities).