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Posts Tagged ‘freddie mac’
December 9, 2008 | 
Author I’m sure I’m not the first to blog this today – however – if you haven’t heard it yet – Governor Blagojevich of Illinois has been arrested for conspiracy as it relates to the senate seat vacated by Obama. Other charges include using a so-called “favors” list – those people who have given contributions in exchange for lucrative contracts.
As it relates to the Senate seat – this idiot was actually caught on tape making the following statement:
It “is a fucking valuable thing, you just don’t give it away for nothing.” Unless “I get something real good, I’m going to keep this Senate option for me a real possibility, you know, and therefore I can drive a hard bargain. You hear what I’m saying. And if I don’t get what I want and I’m not satisfied with it, then I’ll just take the Senate seat myself.”
Isn’t this kind of shit EXACTLY what is wrong with our government and country today? Those damned weasels are using the highest offices of this land for their own personal gain. They’re supposed to be upholding the constitution with the sole intent of ensuring the life, liberty, property, and pursuit of happiness for each and every American. Instead – assholes like this are out trying to cut deals to gain political power.
This also begs the question – if he’s going to jail – why haven’t Barney Frank, Christopher Dodd, Jamie Gorelick, Charlie Rangel, Harry Reid, and Nancy Pelosi been hauled off yet? Every one of these thieving crooks have been caught with their hands in the taxpayer cookie jar (so to speak) and yet – they continue on. Each and every one of these assholes are complicit in Fannie Mae/Freddie Mac, shady real estate deals, and having their own “favor lists.”
What the hell is it going to take to get these people out of office? All those damned politicians are corrupt and we need to get them the hell out of Washington before this country is totally kaput. It’s bad enough we are in the throes of an economic disaster – now they’re taking 20% of the American auto industry as well. They totally fucked up our financial system – now they want to fuck up our auto industry too? I contend they are also the biggest reason our auto industry is failing as well because of all the damned regulations and fucking support of the unions.
Government is the reason why private businesses are failing and capitalism has been turned up on its head. Government IS the problem. Government is NEVER the solution. Our government is just as freakin corrupt as all those third-world nations that we seem to point our fingers at. We continue to demand that we kick out the U.N. because they are a corrupt and anti-American, anti-semitic organization – yet – all we have to do is look in our own back yard.
Our damned politicians are raping America and we’re all just taking it and asking for more. It’s time to wake up people. Start DEMANDING accountability from the politicians. Yes – it’s your senators and representatives in your states just as it is my represenatives and senators in my state. Somehow these freakin thieves keep getting re-elected so they can continue to steal from us and ignore us. How the hell did Pelosi get re-elected? It makes no sense to me. She’s the worst House Leader in history and presides over the lowest rated Congress in history. What the fuck people?
Chris Dodd and Barney Frank have their hands in the whole Fannie Mae/Freddie Mac deal. Chris Dodd even received favors from Countrywide – and he refuses to turn over any of the paperwork from the deals – yet – he’s still there?
What about fat ass John Murtha who defamed and slurred our troops and essentially convicted them publicly? What the fuck is wrong with you people in Western Pennsylvania? How the hell do you re-elect an asshole like that over a military hero?
I know this is a rant – and I apologize for it – but – when we get news of yet another corrupt politician trying to use his office as a means to benefit himself – it really burns my ass. THIS is exactly the same people that Obama associates with on a regular basis. These are the very same people he conducted business with as a state Senator and as U.S. Senator. You don’t think he’s wrapped himself with corruption either? Do we need to bring up Ayers, Wright, Rezko, ACORN, etc?
I’m watching my country go to hell in a handbasket and it’s quite disturbing. I don’t know what else to say. Those idiots on the left think that Bush trampled on the constitution – well – we’ve seen nothing yet. Obama will not only trample on the constitution – he’s going to just tear the damned thing up altogether. He’s already started it with his appointment of Hillary Clinton as Secretary of State. According to the Constitution – that is illegal – OUTRIGHT illegal. You cannot have one seat in the U.S. Government and then move to another while you are still holding that seat. She cannot give up her Senate seat to take the S.O.S. job – yet – the Obama administration will somehow work around it – won’t they? If they manage to “work around” the Constitution to appoint her – what else do you think they will try to work around in order to beat that pesky thing called the U.S. Constitution.
Posted in A Nation at Risk, ACORN, African-Americans, America, Congress, Constitution, Democrats, Freedom, government, Hypocrit, Idiots, Liberals, marxism, Obama, Pelosi, Politics, President, Rant, Shillary, US Constitution | 
Tags: Blagojevich, Congress, Constitution, corruption, fannie mae, freddie mac, government, governor, Hillary Clinton, Illinois, Murtha, Obama, Pelosi, Politics, Reid, Secretary of State, Senate | 
11 Comments »
Has there been any reporting lately of whether or not the Clintons have paid off their campaign debts yet? Last we heard, Obama had asked his supporters to help out. Funny thing is – with that $650 million that he raised – surely he could have helped out!
I also understand that none of his supporters came to the Clinton’s aide!
So – we now have headines reporting today of some bailout money being doled out or requested:
Bush wants $25B in loans released to carmakers
I sure as hell hope that doesn’t happen! Again, being the true capitalist that I am, I say – let them fail! Plus, considering Barney Frank is asking for a government stake in these companies should we bail them out – I say HELL NO! We don’t need a nationalized auto-industry. Part of the reason they are failing is because of government regulation and interference. If you really want to help out the auto-makers – 1.) get rid of all those stifling regulations you have, 2.) Move them out of Detroit, and 3.) Get the damned unions out of there – union costs and forced benefits make up a little over 30% of the total cost of the car!
Mayors of Philadephia and Phoenix seek bailout share
Holy freakin’ shit already? They want part of the $700B bailout package because:
“The mayors sought help with their pension costs, infrastructure investment and cash-flow problems stemming from the global financial crisis”
I got a little tip for you guys – CUT YOUR SPENDING! CUT BACK on the waste in your city budgets!
And, this next one – all I can say it – You gotta be outta your freakin’ mind. They really have the balls to ask.
Freddie seeks government aid after $25.3B loss
Go to freakin’ hell! It was partly the fault of this organization run by Democrat insiders that we’re in this freakin’ mess to begin with! I say, fuck you! I can’t even believe you have the nerve coming to the American people asking for a damned handout! Knowing Chris Dodd, Barney Frank, and Obama who have been the largest recipients of their charity – I’m sure somehow there will be some arm-twisting to make sure they get some!
Good lord! Next thing you know. Mexico is going to ask for some of that bailout money! What? You don’t think it could happen? It already did – once before – under Clinton.
And..NOW – NOW – Bush comes out saying we need to keep government out of private business? You idiot! What the hell do you think just happened with that $700B bailout package you approved? You put government right smack dab in the middle of private business!
Seriously, it wouldn’t surprise me at all if the Clinton’s didn’t ask for a slice. You know, considering Hillary is a possible candidate for Secretary of State now! Is that freakin’ hillyarious or what? Surely, she can’t have debt like that hanging over her head if she’s to be the representative of this country abroad. That is a huge national security risk. So – like I said – it wouldn’t surprise me if the government bails her out of her debt!
Related Stories:
The Tampa Pirate has a good post up about the bailout issue: The Fix Is In!
From MY Vast Right Wing Conspiracy: It Starts
B.C. over at the Rottie weighed in too: Who Would Have Seen This Coming?
Vulcan’s Hammer: GM Gets On Line For Some of Our Money
Dave Lamb at Killer Buffalo: General Motors and the Free Market: Why bankruptcy is in order.
Posted in America, Congress, government, Idiots, Obama, Politics, President, Republicans, Socialism | Tags: Auto Industry, bail out, Barney Frank, blogs, capitalism, Chris Dodd, clinton, freddie mac, George Bush, government, GWB, Hillary Clinton, Mexico, Obama, Philadelphia, Phoenix, Politics | 11 Comments »
Yup – I said it. I put it out there! But, really – either you are so far to the left of regular American’s that you hate this country so much that you would vote for a socialist who is a Saul Wilensky and Karl Marx scholar – or you’re just so freakin’ retarded that you drool and make spit bubbles all day long!
Here’s another post you NEED to read from our good buddy John: Obama’s Membership in the Socialist Party – this is a follow up post that John put up over at The Right Wing. And..I thought I was pissed off about the main stream media cover up of Obama – check this out from Matt-Speak: Obama Cries Foul, Says Fox Cost Him Points! Huh?
With everything that I have written about and provided factual back links to as well as stuff from other bloggers, conservative talk radio, newspaper articles, magazine articles, etc…regarding Obama’s connections – not that freakin’ “guilt by association” shit – but actual friendships with Ayers, ACORN leaders, convicted slum lord Rezko, that anti-white racist Wright, the radical anti-semite Farrakhan, and on and on and on – your brain has to be filled with nothing but rice pudding to seriously consider voting for someone like Obama.
Could one of you nutjobs out there give me a very clear and cogent reason why you would possibly vote for someone who promises to raise your taxes, institute a European socialist system in America, reinstitute The Fairness Doctrine, retreat and defeat in Iraq, and take away the 2nd Amendment right to bare arms…seriously. Oh wait – I forgot – it’s not that you actually like Obama – you hate George Bush – that’s got to be it right?
Cuz – surely, no one in their right mind would vote for the most liberal senator in the United States to be the next President knowing that he himself has admitted to being all for “spreading the wealth” or as we know it – WEALTH REDISTRIBUTION – a marxist ideology. An ideology that goes completely against the ideas of our founding fathers! Our founding fathers believed in property rights – and – property earned through the hard fruits of our own labors is our property to keep – not to be distributed to others who are not as successful.
From Thomas Jefferson:
“[The] rights [of the people] to the exercise and fruits of their own industry can never be protected against the selfishness of rulers not subject to their control at short periods.” –Thomas Jefferson to Isaac H. Tiffany, 1816.
“I may err in my measures, but never shall deflect from the intention to fortify the public liberty by every possible means, and to put it out of the power of the few to riot on the labors of the many.” –Thomas Jefferson to John Tyler, 1804. ME 11:33
“Our wish… is that… equality of rights [be] maintained, and that state of property, equal or unequal, which results to every man from his own industry or that of his fathers.” –Thomas Jefferson: 2nd Inaugural Address, 1805. ME 3:382
“To take from one because it is thought that his own industry and that of his father’s has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association–’the guarantee to every one of a free exercise of his industry and the fruits acquired by it.’” –Thomas Jefferson: Note in Destutt de Tracy’s “Political Economy,” 1816. ME 14:466
You idiots, morons, and retards who want to vote for Obama should pay very close attention to the first quote up there. This is exactly what Obama intends to inflict on this country. Obama has his own selfish means for wanting to redistribute the wealth and property of those who are successful – he’s trying to buy your votes – because he thinks you guys can’t succeed on your own..but..hey..if you’re that retarded – then I guess you will fail won’t you?
Hey – moron! Yes – you – duh! The one who keeps carrying Obama’s water for him and making excuses for his ever-changing positions – who do you think is responsible for the economic mess we’re in? Huh? I see, you can’t think for yourself can ya – you need the Great Obamessiah to tell you what to think. Obama says it’s the Republicans and greedy wallstreet CEO’s so – its got to be true!!!
I know you’ve heard about the Community Reinvestment Act of 1977 that your other God of Morons Jimmy Cahtah signed in to legislation – it’s been all over the blogosphere and in every REAL investigative report out there. I know you know that this socialist policy that forces banks to give out loans to the poor was the start of the mortgage industry problems right?
I know you can’t be that much of an out of touch pea brain to not know about the socialist revision of the CRA in 1995 by your ultimate supreme God of Blow Jobs Liberalism Billy “What Cigar?” Clinton that then forced those banks to now take on even more risky loans by telling them they no longer could ask for proof of income, proof of employment, or proof of identification. People like Shmucky Schumer, Chris “I Love Fannie Mae” Dodds, and Barney Fife Frank were telling lenders that if they didn’t give poor people these loans then they were racists. In fact Obama’s best ACORN friend, Madeline Talbott, hired him to sue the state of Illinois to force the banks and mortgage companies in Illinois to follow this new socialist policy.
You see – it is social liberalism and redistributionist policies like these that started this downward tailspin in our economy. Your heroes gave the lenders no choice but to take these risky loans – then – they repackaged those loans with good loans and sold them off as security derivatives to other banks who in turn repackaged those with some of their own bad loans..etc etc etc.
One of the biggest freakin’ mistakes that Bush ever made was revising the CRA in 2003 to now take the requirement of a downpayment out of the equation! Yes, I admit – the Republicans were complicit also…BUT – this is one just one small piece of this whole pie. The other pieces fall right in to the lap of Obama and his obstructionist dummicrat buddies in congress who refused to reform Fannie & Freddie. Well – considering Obama and Dodds were the number 1 and 2 recipients of the highest political campaign contributions from these two failed institutions – they were just protecting their own interests.
But – NO – You’re a freakin’ retard aren’t ya? You just don’t get it! You would rather sit in the corner playing with yourself while looking at your Obama bumper stickers and campaign flyers thinking about how much money he has promised to give you as long as you just keep repeating everything he says without actually thinking about the evidence against him.
Well – while you’re being pre-occupied with yourself he’s laughing his ass off at you idiots for buying his shit. As I write this – there are news stories everywhere about how he’s degrading the working class – the very people he claims to want to protect. He and his cronies are now out there mocking Joe “The Plumber” Wurzelbacher. Obama is a true elitist and looks down on the middle-class as though we can’t succeed without his help. He besmirched ALL middle-class hardworking individuals with his snide remark in New Hampshire yesterday “How many plumbers do you know that make $250,000?” as if it isn’t possible! Hey – dumbshit – ever hear of RotoRooter? How about Drain Doctors? or maybe Mister Rooter and Midway Services? Should I continue? These are all national plumbing companies that started off small there Mr. “I’m better than you” Obama!
Obama will punish success in this country and drive it in to the ground. In the meantime – here’s what you retards can expect if he comes in to office:
You’re gonna wake up one morning and wonder WTF happened – then you’re gonna realize you’ve been baited and then he’s going to snap that trap shut on your ass…but…what the hell…you’re all
RETARDED!
Don’t say you haven’t been warned! As it turns out – if you don’t voluntarily vote for Obama – they steal it!
Posted in A Nation at Risk, ACORN, African-Americans, America, Civil Rights, communism, Congress, Conservative, Constitution, Democrats, Duh, Elections, globalization, government, Idiots, Liberals, marxism, McCain, Media Bias, Nutjob, Obama, Politics, President, Republicans, Retard, Second Amendment, Socialism, Taxes, US Constitution, voter fraud | Tags: ACORN, Ayers, Barney Frank, Bill Clinton, Chris Dodd, Chuck Schumer, Congress, Democrats, election, fannie mae, Farrakhan, founding fathers, freddie mac, idiot, Jeremiah Wright, Liberals, McCain, moron, Obama, property rights, Republicans, retarded, Second Amendment, Senator, Socialism, Taxes, thomas jefferson, Tony Rezko | 27 Comments »
Well – tomorrow night is the last Presidential debate and McCain currently trails Obama by 6 points in the polls and he’s trailing behind in all of the battleground states. The good news is that Ronald Reagan was trailing Jimmy Carter even 5 days before the 1980 elections.
After last night – I truly realized what an uphill battle McCain has. As Mrs. BoBo and I were watching the boob-tube there was a McCain ad running regarding the Obama-Ayers connection. She asked me who Ayers was!!! I learned two things last night: 1.) If members of my own household don’t know about the Ayers connection then there has to be millions more out there that don’t know about it, and 2.) Apparently, Mrs. BoBo has learned how to tune me out when I go on my political rants at home – cuz – I know I brought this up many many times!!!!
So – in tomorrow night’s debate and in the remaining days of this campaign McCain needs to hit these connections hard – because – the only way to get the media talking about these are for it to come up during the debate. He needs to keep pointing out these connections over and over:
OBAMA & ACORN
There have been enough stories out there than connect him with this fraudulent organization that he needs to keep pointing them out. He paid them $800,000 during this campaign to provide voter registration services – and – he paid them through a shell corporation.
He was their attorney when they sued the state of Illinois to enforce a housing law that would coerce mortgage lenders in to loaning unqualified people money for homes they could never afford.
His “community organizer” experience comes as an employee for ACORN. He was the director of the Voter Registration Canvassing teams in Chicago. It wouldn’t surprise me if there were fraudulent voter registrations under his watch either. They are well known for committing these crimes in the past three national elections!!! I wonder just how far back it goes?
OBAMA & AYERS
McCain needs to keep hammering this connection until it sets in. Obama’s excuse that Ayers bombed the Pentagon, a NY police station, and attempted to blow up the capital when he was 8 years old doesn’t fly. He knows who this guy is and was when he first met him.
They served on the Annenburg Challenge together for 7 years. Ayers personally selected Obama to be the Chair of that board. When Obama became a state senator – he helped funnel several millions of dollars to the Annenburg Challenge and Ayers.
They served together on The Woods Foundation for two years.
Obama kicked off his political career at a party hosted at Ayers home in 1995. Obama was the invited guest of honor. This was not coincidental.
Michelle Obama worked in the same lawfirm as Ayers’ wife. Still think it’s a coincidence?
Ayers and his wife live in the same neighborhood as the Obamas and they Ayers’ have babysat for the Obamas. I’m sorry – but this is not just a fleeting association. These two families are great friends and have been friends for quite some time.
On September 12, 2001 – Ayers was quoted in the New York Times as saying he didn’t they (The Weather Underground) didn’t do enough (when they set bombs) and wished he had done more. Obama was still friends and associated with this guy even after that. His last known association was in 2007 – apparently, Obama pushed this friendship aside for political expediency.
OBAMA & FANNIE MAE/FREDDIE MAC
It is a matter of public record that Obama – as a Junior Senator – has been the #2 recipient of political contributions from Fannie & Freddie – behind Chris Dodds.
It is also a matter of public record that shows that Obama was complicit in obstructing Republican attempts at reforming Fannie Mae/Freddie Mac by voting against all reform measures.
The only thing that Obama was concerned about with regards to Fannie and Freddie was making sure his buddies Jim Johnson and Franklin Raines continued to line their pockets in return for those politicial contributions. Even after Raines and Johnson were fired for “cooking the books” Obama still voted against reform measures.
OBAMA & JIM JOHNSON
Jim Johnson served on Obama’s Vice Presidential search committee. Johnson was the CEO of Fannie Mae and was reported to have received “favorable” loans from Countrywide – “The Friends of Mozilo” that includes Senator Chris Dodd. He received jumbo-loans that were below market rates – part of the mortgage mess that we find ourselves in now.
Johnson had to step down from Obama’s search committee after his connection to Mozilo and the Countrywide home loans came to light. Seems to me that Obama keeps surrounding himself with shady characters like this guy.
OBAMA & FRANKLIN RAINES
This guy was also a former Fannie Mae CEO that was “cooking the books” to the point that he was convicted in a civil court and was ordered to repay $24.7 Million!!! He was manipulating earnings for over a 6 year period in order to get his options and bonuses.
I have a question – why isn’t this guy, Jim Johnson, and Angelo Mozilo in a federal prison somewhere with all those other CEO’s that were caught doing the same thing? Is it because the three of these guys are Democrat operatives and have funnelled millions upon millions of dollars in to Democrat campaigns? Seriously, they are in such serious violation of so many federal crimes and are directly involved in the failures of Fannie & Freddie as well as the whole mortgage lending market!!! They helped put us in this economic mess we’re in – yet – the three of these guys are not in jail. They must know somebody!! Oh..yeah..that’s right – they’re good friends of The Obamessiah!
This guy was also reported in The Washington Post as being an economic and financial advisor to the Obama campaign. Geez – with economic advisors like this – how could Obama’s plan possibly go wrong?
OBAMA & TONY REZKO
Ahhh…the convicted slum lord of Chicago!! Surely, Obama doesn’t know guys like this does he? Sure he does. This is another neighbor of the Obama’s and the Ayers’. In fact, Obama knows this guy so well that Rezko pretty much “gave” Obama some property way below market value. Here’s that story:
Obama paid $1.65 Million for a mansion in 2005 – $300,000 below the market value. The Rezko’s bought the adjacent property for $625,000 (from the same seller)…then sold that property to Obama for $104,000. Sounds a bit shady to me!!!
Obama’s boss at the law firm he worked for in 1995 was also partners with Rezko. When Obama announced that he was beginning his run for the state Senate – Rezko donated to his campaign…and every campaign thereafter.
While Obama was in the state Senate – he helped push legislation through that provided millions of dollars to Rezko’s land development company that built those slums in Chicago. Rezko was convicted for soliciting kick-backs from companies that were looking for state pension business. Of all that kick-back money that Rezko received – he used $10,000 of that to contribute to Obama’s campaigns.
OBAMA & MADELINE TALBOTT
Madeline Talbott was directly responsible for getting Obama his first job with ACORN as a “community organizer.” Madeline Talbott has been under investigation herself for her strong-arm shake-down tactics of forcing Chicago area banks in to making those risky sub-prime home loans. She herself has been in jail a few times for disorderly conduct and disrupting official business by storming in to city hall council meetings with 100′s of protestors.
She considers Obama one of her best friends and in fact stated “Barack has proven himself among our members…we accept and respect him as a kindred spirit, a fellow organizer.”
These two have such a long history and this woman herself has such a history of extortionist practices that you have to go here to read it all. I can’t possibly fit all of that in to this post.
OBAMA & JEREMIAH WRIGHT
Do we really need to rehash this connection? Obama sat in this guy’s pews for 20 years listening to the hate-filled vitriolic and venomous anti-white, anti-semitic, racist rants – and he has the gall to say he never heard him say any of that?
This is the same guy who wrote in his own book that it was Rev. Wright’s speech “The White Man’s Greed” that inspired him to join that church.
The Rev. Wright follows the Black Liberation Theology of another radical Reverend James H. Cone – the same guy who says that God says that the black man must rise up and kill the white man. There is no way that Obama sat in this church for 20 years listening to the racially charged anti-white sermons of the Black Liberation Theology without having any of that rub off on him. We know it certainly set in with Michelle Obama – she has proven it every time she opens her mouth!
Other than these connections – McCain needs to get the word out there about Obama’s connections to Father Pleger, Louis Farrakhan, and Jessie Jackson. What? Jessie Jackson? Yup – you need to go here to read the latest from old JJ. Apparently, he has it from advisement that if Obama is elected, America will no longer be a supporter of Israel. Rather, Obama will make it a point to make amends with Islam and the Muslims around the world! Think I’m kidding? You should go read that article yourself as reported in the New York Post today.
All I am saying is that some how, some way, McCain needs to make it a strong point to get these radical connections out to the rest of the Americans out there who are sleeping right now. McCain needs to use Obama’s own words from his book when he points out how he purposely associated himself with socialists in college and marxist professors. Lord knows the regular main stream media absolutely refuses to report any of this. If they had been, do you really think Obama would be leading right now?
UPDATE – H/T to John from The Right Wing – go check out his post – this was news to me – some of you may have heard about Obama being part of a socialist party.Obama’s Socialist Party Membership
Posted in A Nation at Risk, ACORN, African-Americans, America, Congress, Conservative, Democrats, Elections, Israel, Liberals, marxism, McCain, Media Bias, Obama, Politics, President, Racist, Republicans, Socialism, voter fraud | Tags: ACORN, Ayers, blog, conservatives, Debate, Democrats, economic collapse, economy, election, fannie mae, Farrakhan, Franklin Raines, freddie mac, Israel, James A. Johnson, Jeremiah Wright, Jessie Jackson, Liberals, Madeline Talbott, main stream media, McCain, mortgage crisis, Obama, Pfleger, Politics, radical connections, Republicans, Reverend Wright, Rezko, voter registration fraud | 12 Comments »
So, they’ve come up with a $700 Billion bail out for the banking, insurance, and mortgage industry! Just wonderful. Let’s put this in perspective – let’s see what that really looks like: $700,000,000,000.00. That is a butt load of ZEROES! But, here’s the real deal – it’s really gonna cost us about $1.4 Trillion to bail them all out. In addition to the mortgage, they’ve also proposed to add auto loans and credit cards. Essentially, the government is about to buy up ALL of their debt. Now – let’s see what that really looks like: $1,400,000,000,000.00.
Here’s something else to think about – Back when Ronald Reagan was president – the entire budget was only $700 Billion. In order to work out this buy-out – Bush has also asked to increase the debt ceiling to $11 Trillion! What the hell are these people thinking? This is a VERY VERY short term fix. Just before the Great Depression – the government did the same thing – they bought up all the debt from private business then screwed everything up.
Think about this – how do banks and other financial institutions make their money? From loaning money to others, right? But, what is that premium called for loaning money out? Yes, you guys are so smart! It’s INTEREST RATES. So, in order for these institutions to fully recover to the point where they are able to buy back their debt from the government later down the road – what do you think needs to happen? See, right on target again – INTEREST RATES will go up!
Who controls those INTEREST RATES? Again – Bingo! That private organization of world bankers known as The Fed or Federal Reserve. So, essentially, here’s what we have going on – (Conspiracy theory alert!!!) – Since 1977 when Jimmy Cahtah instituted the Community Reinvestment Act – banks have been forced to take on a little more risk with their loans – thus was born the Adjustable Rate Mortgage. Then, again in 1995 – Clinton pushed it even further and said mortgage lenders needed to increase the number of high risk home loans to the disadvantaged or risk going out of business – The Feds came up with a brilliant loan vehicle – The Sub-Prime loan. The worst thing about the way the CRA was written this time around was that it would be discriminatory to request proof of income and verification of employment. If I was a lender back then, I think I would have rather risked lack of growth to my company than take on loans that I wasn’t allowed to verify could be repaid!!!
Then, in 2006 the Democratic Congress worked that CRA some more and presented it to Bush – and that idiot signed it. Now, no down payments were required in addition to no income verification and no verification of employment!!! You can see the freakin bubble just growing and growing now just waiting for someone to come by and pop that thing in our faces.
So – we have Democrats over a 30 year period forcing private businesses to take bad loans – The Feds playing around with interest rates keeping them unnaturally low, and Fannie Mae and Freddie Mac going completely unregulated and unchecked for a 40 year period. Since 2001 when Bush came in to office – there have been 22 requests to force oversight on these Democrat controlled golden parachutes. In 2004 McCain began pushing to get oversight and more regulation on Fannie Mae and Freddie Mac.
As Billions of dollars worth of bad loans were being written by banks and mortgage industries, Fannie Mae and Freddie Mac were buying them up as well as guaranteeing many of them. Then, there were large business insurance organizations – such as AIG – that were insuring these banks and mortgage companies for potential losses they might face as a result of these bad loans.
So – what was the trigger? Who popped the bubble? That’s right – the one’s who control the INTEREST RATES – The Fed. The groundwork was laid. If you remember, in 2006 when Bernanke came in – what was the first thing he did? He started raising interest rates. These people holding sub-prime loans and ARMs suddenly found out they couldn’t afford their homes. But, that didn’t stop Bernanke – oh – no – he continued to raise interest rates until the market fell out completely! Only then, did he ease back – just a little.
Now – here’s the real conspiracy part – Ben Bernanke is an expert on the Great Depression. It was the damage done during the Great Depression that created The Fed in the first place. Now – we’re full circle – you don’t think an expert of the Great Depression knew exactly what he was doing? Remember, this is a private organization controlled by the most powerful world bankers. This is going to turn out to be another power grab by The Fed and those bankers. We now have our government bailing out those very bankers that control our money and the economy. Those bankers are about to turn over ALL of their debt to WE THE TAXPAYERS – and start fresh – where – they are now free to raise interest rates through the roof for all forms of loans and credit cards.
Here’s another thing that is about to happen that you need to think about – where the hell is all of this money coming from? In addition to the U.S. Government getting loans (funny isn’t it?) from the world banks, The Fed has authorized the mint to print more money. At this time, since we are no longer on the gold standard, the more money we print, the more our dollar becomes devalued. As our dollar becomes deflated and interest rates go up – so does inflation. A quick history lesson – after WWI, in the 1920′s the new Chancellor figured the best way to build up the post-war economy was to continue printing money. The Deutschmark became so devalued they were printing 10,000 and 100,000 DM bills that were worthless on the world market. It was due to their depression that prompted the people to vote in Hitler as the Chancellor in 1933. Now – put that in perspective today – The world’s oil market is valued on the dollar. What happens when the dollar becomes so devalued that it becomes nearly worthless? Again – right on target – either they value oil on a stronger currency or the price of oil goes through the roof. Just today, oil gained an additional $25 a barrel. That’s the largest single-day increase on oil in market history. Are you seeing the signs yet?
The only up side to this? If you are a cash investor (like I am) once all the dust is settled – you’ll start seeing your savings account, CD’s, and money market interest rates increase as well. The bad side is – you’re going to need all of that because the cost of regular consumer goods are going to go up. Like I said folks, better start holding on to your money now – cuz – it’s not going to be worth much in the not so distant future. Now is not the time to start buying new stuff or investing in anything other than cash or gold. (legal speak – I am not a professional financial advisor and this is not professional financial advise – if you take investing advice from a clown – what does that say about you!) 
So – what does this mean with regards to these elections? Listen to what the liberals and Obama are saying – they are trying to blame this crash on capitalism, George Bush, and the Republicans. What they aren’t saying is that it is liberal policies forcing a liberal agenda of giving homes to those who can’t afford it on to private businesses that actually is the basis for bottom falling out of the market. The Republicans and John McCain have been demanding oversight of Fannie Mae and Freddie Mac for years. The Republicans and business leaders have been demanding these liberal loan policies be revoked. Obama says we need more regulations. The fact of the matter is that the mortgage industry is one of the most heavily regulated as a result of these liberal policies. The problem is, it is the WRONG type of regulatory oversight that has brought this problem upon us. People like Chris Dodd, Barney Frank, Jamie Gorelic, Jim Johnson, and Fred Wraines should all be in jail. We have CEO’s from the private sector in jail for 10 – 20 for doing the exact same thing as the aforementioned individuals. I am renewing my call to kick all of these people out of Washington. Come November – vote out all of the incumbents!
The Best Choice for this Country
Posted in A Nation at Risk, America, Congress, Democrats, energy, government, Liberals, McCain, Obama, Politics, President, Republicans, Taxes | Tags: bail out, ben bernanke, Congress, devalued, dollar, energy, fannie mae, federal reserve, freddie mac, Germany, great depression, inflation, interest rates, oil, stock market | 11 Comments »
