Understanding the Mortgage Crisis – social engineering gone amok

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The whole mess laid at the feet of “Wall Street” without explaining what this means How it worked. In point of fact, the
problem rests with our elected officials in Congress, primarily Democrats, who pushed lenders to give loans to
minorities and others without proper capitalization.

This type of mortgage is called a “Ninja Loan,”… no credit, no money, no job. It’s a perfect example of government sponsored social engineering gone amok. It was based on the concept, “Everyone a Home of their own.” Beginning with Jimmy Carter’s Community Investment Act of1977 and expanded into the Clinton years, Banks and mortgage lenders were coerced under threat of prosecution, to approve dubious mortgages.

This was propagated to a feeding frenzy by government enabling greed in the private sector through Fannie
Mae and Freddie Mac… the big causes of the difficulties. Bill Clinton tried reigning Fannie and Freddie in, but it
had become the darling of Democrats in Congress. Without Fannie Mae buying or guaranteeing suspect
mortgages from lenders like the now defunct Country Wide, these lenders wouldn’t have made bad loans in the
first place. There would be no profit in it. That’s what capitalism is all about. But what happened really wasn’t
capitalism. It was government sponsored crookery.

Fannie Mae and Freddie Mac were able to borrow huge sums of money at rates far lower than anyone
else because everyone knew that they would never default. How could they when they were being backed by
taxpayer’s pocketbooks.** Fannie Mae would use trillions in borrowed capital to purchase crap mortgages, certify them as quality and resell them to banks and investment houses worldwide. Politicians (mostly Democrats)would receive multi million dollar loans from mortgage lenders at low interest rates to keep their mouths shut.Bribes in the form of political “contributions” and low interest loans were spread around by Fannie Mae like butter on a bagel.

The directors of Fannie Mae and Freddie Mac would then cook the books and give themselves tremendous
bonuses of up to one hundred million dollars. But nobody (except John McCain and a handful of other
Republicans) in government would say anything because they were getting big payoffs. Also, while the myth
was spread that Fannie Mae and Freddie Mac were private organizations because they issue stock, the people
who run it were appointed by public officials. They chose political hacks, primarily from the Clinton
Administration, who like most civil servants, didn’t know how to do anything but serve themselves. Fannie Mae and Freddie Mac were run like the incompetent Post Office with corruption added.

Barack Obama hit the Washington scene running and had his hand out immediately. Even though he was a
freshman Senator, **Obama received the second largest amount of money from Fannie Mae in kickbacks. The heads of Fannie May, Franklin D. Raines and Jim Johnson, are political supporters of Obama and have been economic advisors, no matter what he says now. Obama acted like a Chicago political machine hustler, which is what he is.

When the mortgages were deemed poor, they were downgraded, leaving financial institutions in a very
precarious financial situation and bringing on the possibility of very real and massive financial collapse.
It’s estimated that this necessary bailout will cost every person in America some $4,000.00, but that’s a gross
underestimate. 45% of adult Americans pay no taxes at all and millions more are non-working minors. When
you factor in only those who are on the tax rolls, we’re talking of at least $20,000 more in additional taxes, not
including the many thousands more that will be added over the years in interest on government borrowing to
pay the annual interest on a MINIMUM of TWO-AND-ONE-HALF TRILLION dollars.

Younger people voted heavily for an Obama. They haven’t yet accepted he,as a Senator got his payoffs to kill the 2005 McCain sponsored bill to stop Fannie Mae’s abuses. Over the long term, they suffer the most,

obama mansion Obama Mansion

Obama and the Democrats Howling for War With Syria. The Obama Puppet Pretends to oppose arming the Muslim rebel terrorists.

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I WILL STAND BY MUSLIMS

By Robert J. AvrechI suppose we should not be surprised that Barack Hussein Obama is secretly running with the Syrian Islamists.

Afterall, it was Obama who insisted that the Muslim Brotherhood get front row seats to his first speech in Cairo. And, of course, it was Obama who threw Mubarak under the bus in favor of the Muslim Brotherhood. And it is Obama who continues to support the Jew-American-Christian hating Muslim Brotherhood Egyptian tyranny.

My friend Barry Rubin, one of the most astute observers and analysts of the Middle East, has written an important post about Obama’s secret support of Syrian rebels. Have no doubt, these rebels are just as bad, if not worse, than Assad, the human monster they are attempting to overthrow. This coalition of sharia-yearning rebels are fanatic Islamists whose ultimate goal is the genocide of the Jewish people, and the founding of a caliphate that is ethnically cleansed of all non-Muslims.

The United States is training and helping arm radical Islamist guerrillas who want a Sharia state in Syria, who believe Israel should be wiped off the map, and who may soon be murdering and oppressing Christians and other groups in Syria itself.

In a new development, as indicated by statements from Secretary of State John Kerry and other sources, the Obama Administration is not only arming but now training Syrian rebels. We know that the weapons are going to radical Islamists—both Muslim Brotherhood and smaller groups.

We don’t know from which groups these people now being trained militarily by the CIA in Jordan but the odds are that they are from radical Islamist groups including the Brotherhood. Finding out who is receiving this military training—which they are sure to use for other purposes in future—should be a priority in the national debate and in questions from Congress.

Since the U.S. criterion for weapons’ supply is only that the groups are not al-Qaida—the Muslim Brotherhood and other Salafists are acceptable—isn’t the training criterion the same?

In the 1980s the United States was convulsed by a scandal because the Reagan Administration was providing arms—through Saudi Arabia—and training to the pro-American Contra group in Nicaragua that were fighting against the Marxist regime there. It was alleged that the Contras participated in some torture and killing of civilians. Well, today the Obama Administration is doing the same strategy—with Saudi and Qatari help—in Syria, with much more likelihood of atrocities by those it is helping. On top of that, those being helped are largely anti-American and radical Islamist. Yet there is no serious concern being raised.

————————–

by jj

Today I heard senetor Graham from south carolina in his usual self-important way begging for help for the poor rebels whom Assad would be using chemical weapons against!!   What rubbish. He was joined by Democratic Senators from Oregan and Michigan all swaggering andPontificating the need for arming these terrorists.

This lie being peddled about the toppling of Middle Eastern leaders as being a good thing and in the name of democracy is an outright lie. These countries are falling into a system of total Islamic law and that is evil in itself. You cannot mix democracy and Islam as they are polar opposites, so using the guise of promoting democracy in the region is an outright lie.
This tradgedy is a direct consequence of Obama’s interference by sending bombs in America’s name to topple Egypt and Libya.for his beloved Muslim Brotherhood. It seems the only promise Obama has kept is to Radicle Muslims when he wrote “I will stand with them (Muslims) should the political winds shift in an ugly direction”. Wake up America!!

Immigration bill would grant 33 million new green cards in the first 10 years after enactment

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NumbersUSA

BREAKING: Our Capitol Hill team has finished crunching the numbers of the new amnesty bill and found that the bill would grant 33 million new green cards in the first 10 years after enactment. Look for more details to come…

The 844-page bill filed by the Senate’s Gang of Eight is filled with so many waivers, exemptions, loopholes, and broken promises that it’s almost too much to keep up with. The most recent item that can be filed in the “broken promises” category has to do with back taxes.Some more digging through the bill has found that illegal aliens will not have to pay back taxes before applying for and receiving amnesty. Sec. 2101 of the bill describes the process by which most of the nation’s 11-18 million illegal aliens can apply for Registered Provisional Immigrant Status (including work permits).Under a subsection entitled “Payment of Taxes”, the bill states that illegal aliens will have to satisfy “any applicable Federal tax liability.” The next paragraph defines “applicable Federal tax liability” as any income taxes that have been assessed by the IRS. So, for those illegal aliens that haven’t filed a tax return, they won’t have to pay any taxes on any work they may have been paid for in the past.

Why is this important? For starters, when the Gang of Eight released their “framework” for immigration reform back in January, they said that illegal aliens would have to “pay back taxes” in order to receive an amnesty. The next day, Sen. Marco Rubio spoke on the Senate floor and said that illegal aliens would have to “pay back taxes.” Now that there’s a bill – there’s no requirement to pay back taxes unless the illegal alien has already been flagged by the IRS for owing back taxes.

We’re seeing this become a trend with the Gang of Eight. We were told there would be triggers. Now we know the triggers are meaningless. We were told there would be enforcement before legalization. Now we know it’s legalization before enforcement. We were told there would be an entry/exit system. Now we know the exit system excludes all land ports. What else will we learn in the upcoming weeks?

In light of this development, we’ve posted new faxes on your Action Board to send to your Three Members of Congress.

HOUSE TAKES DIFFERENT APPROACHHouse Judiciary Chairman Bob Goodlatte indicated this week that he would take a much different approach on immigration than what’s going on in the Senate. He said there would be three pieces of legislation: 1) mandatory E-Verify, 2) a new guest worker program for agriculture, and 3) changes to the high-skilled visa program.The first bill was introduced today, and it’s a good one! Rep. Lamar Smith has reintroduced the Legal Workforce Act, H.R.1772, which would require all employers to use the E-Verify system. The bill is similar to the version introduced and passed by the Judiciary Committee during the last Congress but with a few modest changes.Rep. Smith’s bill would require most employers to use E-Verify within the first 6 months of enactment. It would phase it in for smaller employers over a two-year period. (The Gang of Eight’s bill takes 5 years to phase in E-Verify.) The bill also contains provisions that would close up a few of the known issues within the E-Verify system and allow employers to run current employees through the system.

We’ve posted new faxes on your Action Board to send to your House Rep. asking them to cosponsor the bill.

CHRIS CHMIELENSKI
Fri, Apr 26th

Obama tyranny

Mass immigration has decimated the poor and working class in america already — forcing them to compete dog eat dog style for jobs scraps against tidal waves of even poorer, low skilled and cheaper immigrants. wages have gone through the floor because of this insane policy.

Granting these people citizenship will overnight put 11 million more people on full welfare entitlement — america simply cannot afford this and the poor and working class are going to take a second hit because of it. Not sure how democrats have made this a ‘racist’ issue because its african americans who are going to take the brunt of these reforms and this mass immigration policy.

GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers |

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 Many folks are still unaware of the astounding events that recently took place in Iceland.The tiny country of Iceland has become a model for all nations across the planet in our collective war against the central banking cabal, or as Max Kaiser has aptly named it: “Banker Occupation”.This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sink one of the most prosperous economies in 2008.

However, most of the details have been concealed until Irish researcher/educator Ian R. Crane shared them onRed Ice Creations, an extremely popular internet radio program & web site out of Sweden. Ian R Crane is an ex-oilfield executive who now lectures, writes and broadcasts on the geo-political webs that are being spun; with particular focus on US Hegemony and the NWO agenda for control of global resources.No one, except the Icelanders, have to been the only culture on the planet to carry out this successfully.Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. That’s not the best part… The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown. 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction. It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans.

Why have the rest of the Western countries not even heard about it?  the vast majority of the American population has dreamed about saying “NO” to the Unconstitutional, corrupt, Rothschild/Rockefeller banking criminals, but no one has dared to do so. Ian Crane explains what happened in Iceland and the critical role the Icelandic women played in booting the IMF/World Bank schemes out of their country. 23 min audio clip of Ian Crane discussing the globalists and the people of Iceland                                                                                                                                                                          In the full May 20, 2012 interview, Ian Crane also discussed:What globalization is really about, How the Euro was created as part of the Rothschild’s global currency scheme,What Tony Blair did with the Brit’s gold, How the IMF/World Bank loans fleece countries across the planet.

Posted by Jeenyus Corner on June 16, 2012

Gang of Eight – Vote this Gang of corrupt, immoral, unconvincing, dishonest, dissipated, decadent, debauched, phoney’s out of Office.

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U.S. Senate's "Gang on Eight" are pictured during a news briefing on Capitol Hill in WashingtonVote this Gang of corrupt, immoral,  unconvincing,   dishonest, dissipated, decadent, debauched,  phoney’s out of Office.
“Gang of Eight”–Lie that will end up being a multi-trillion dollar entitlement spending increase, with the burden falling on American taxpayers.Can Americans, by our own apathy, encourage their own destruction? The bill would create an end-run around federal law: individuals in the country illegally could receive legal status without having to demonstrate financial self-sufficiency.”      And The long-term unfunded liability for Obamacare would grow another $2 trillion.”
The majority of illegals are from Mexico. I have a great respect for their work ethic. However, look at the numbers – they make an average of $22,000 and have an average of 2-3 kids. Citizenship means an automatic eligibility for food stamps, WIC, free school lunches, subsidized housing, Medicaid, free cell phones, SSDI if their back hurts, TANF cash, SSI cash, etc….
*At tax time in April, when 53% of Americans are paying taxes, the new citizens would be getting huge bonus checks that include all the money that they paid in during the year plus EITC and Child Tax Credits. ($22,000 no federal income tax) The 53% cannot afford more burdens to pay for. We already have 40,000,000 home grown welfare cases that we have to support.
Lawmakers are about to give the OK to millions more.We see that the systems we allow to shape our lives are camouflaged as serving us when in fact, we the people are the servants. It seems even the institutions and activist groups with altruistic beginnings are infiltrated by instruments of chaos or control.
“The impact of immigration on our public health is often overlooked”
The rapidly swelling population of illegal aliens in our country has also set off a resurgence of contagious diseases that had been totally or nearly eradicated by our public health system.

According to Dr. Laurence Nickey, director of the El Paso heath district “Contagious diseases that are generally considered to have been controlled in the United States are readily evident along the border … The incidence of tuberculosis in El Paso County is twice that of the U.S. rate. Dr. Nickey also states that leprosy, which is considered by most Americans to be a disease of the Third World, is readily evident along the U.S.-Mexico border.

the New England Journal of Medicine noted that a majority (57.8%) of all new cases of tuberculosis in the United States in 2007 were diagnosed in foreign-born persons. The TB infection rate among foreign-born persons was 9.8 times as high as that among U.S.born persons.It should also be kept in mind that among U.S. citizens who contract TB their exposure to the disease may well have come from exposure to a non-U.S. citizen.

 The pork tapeworm  along the U.S. border, threatening to ravage victims with symptoms ranging from seizures to death. … The same [Mexican] underclass has migrated north to find jobs on the border, bringing the parasite and the sickness—cysticercosis—its eggs can cause[.] Cysts that form around the larvae usually lodge in the brain and destroy tissue, causing hallucinations, speech and vision problems, severe headaches, strokes, epileptic seizures, and in rare cases death.”3

The problem, however, is not confined to the border region, as illegal immigrants have rapidly spread across the country into many new economic sectors such as food processing, construction, and hospitality services.

Typhoid struck Silver Spring, Maryland,  when an immigrant from the Third World (who had been working in food service in the United States for almost two years) transmitted the bacteria through food at the McDonald’s where she worked. River blindness, malaria, and guinea worm, have all been brought to Northern Virginia by immigration. 
Contrary to common belief, tuberculosis (TB) has not been wiped out in the United States, mostly due to illegal migration. in California, it was 61 percent of the cases; in Hawaii, 83 percent; and in Washington state, 46 percent. The Queens, New York, health department attributed 81 percent of new TB cases in 2001 to immigrants.

While millions of Americans can’t find a job, Congress continues to add a million immigrants each year to compete with our own unemployed. Who should get any new jobs next year: Our own Unemployed Cuban and Hispanic Americans? Or another million legal immigrants.? And mexican Illegals.

Saudi national who was briefly named a “person of interest” in the Boston Marathon bombings,

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the blaze
The Investigative Project on Terrorism’s Steve Emerson reported that Abdul Rahman Ali Alharbi, the Saudi national who was briefly named a “person of interest” in the Boston Marathon bombings, is being deported on Tuesday. He based his information on a number of his confidential sources.
“I just learned from my own sources that he is now going to be deported on national security grounds next Tuesday,” Emerson said.
Host Sean Hannity referenced a report by Reuters that revealed President Barack Obama met with Saudi Foreign Minister Prince Saud al-Faisal at the White House Wednesday. They reportedly discussed the conflict in Syria.
“The meeting was not on Obama’s public schedule,” the report adds.1. One source at the FBI and another at the Saudi Embassy referred to the student as connected to an important Saudi family.
2. An “event” was created on this guy three days ago. An event is a file. The file contains his deportation record and the reason he is being deported. According to ICE the reason is under section 212 3B — “Security and related grounds” — “Terrorist activities”
3. His visa has been revoked.
4. The FBI said a file was started “just in case he was found to be connected to the crime,” however, the file shows he was scheduled to be deported.??? This was not a precaution, it was in “orders.”
5. One source said they believe a “voluntary” departure has been signed — that means the Saudi Student could be out of the country as early as today.
6. The file was immediately classified. We believe the deportation order will be classified as well — requiring a FOIA to get it.
7. The story was going to be “he wanted to go home,” however he was actually being deported.
8. Our source said the FBI believes the Saudi student is tied to 2 to 3 more people.
9. Our source said this “looks like they were trying to make this a ‘lone wolf’ crime
Appearing on “Hannity” Wednesday night, the Investigative Project on Terrorism’s – Steve Emerson reported that Abdul Rahman Ali Alharbi, the Saudi national who was briefly named a “person of interest” in the Boston Marathon bombings, is being deported on Tuesday. He based his information on a number of his confidential sources.
“I just learned from my own sources that he is now going to be deported on national security grounds next Tuesday,” Emerson said.
A report by Reuters that revealed President Barack Obama met with Saudi Foreign Minister Prince Saud al-Faisal at the White House Wednesday. They reportedly discussed the conflict in Syria
“The meeting was not on Obama’s public schedule,” the report adds.

The American Public Stand Like A Deer In The Headlights

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Obama tyranny

When will Americans say stop No more. I hear only silence while executive orders, signed in seclusion, override our constitution. Our lawmakers provide more restrictions than FREEDOM, with little thought to our pursuit of happiness. We are ruled by BUREAUCRATS and threatened by AGENCIES. Citizens are encumbered by restrictions, codes, regulations, fees, taxes, penalties, and prison. The private Federal Reserve and the global bankster Billionaires are handed trillions of tax payer dollars while in collusion with factors on Wall Street to destroy the foundations of our economy, and they face no penalty.And Our media fails to inform us.
We see that the systems we allow to shape our lives are camouflaged as serving us when in fact, we the people are the servants. It seems even the institutions and activist groups with altruistic beginnings are infiltrated by instruments of chaos or control.
What none of these so called surveys ask is what people think of allowing another 40-60 million third world immigrants in, in the next 10-15 years, because under existing laws (for “family reunions”) that is exactly what will happen if you legalize the 15-20 million illigals currently residing in the country.

On Fox business today we hear Obama is going to tax our 401k’s” of course like everything else it starts with  “ I am only asking the rich” and then we find out its the middleclass as well.Last year we heard about this scheme and most said “that cant happen”  Well now it has.

Can Americans, by our own apathy, encourage their own destruction?
By Frosty Wooldridge
When Do We Say “Uncle,” and Get A Life?
Are we hypnotized, or mesmerized? Can an entire civilization possess a death wish? Can Americans, by our own apathy, encourage their own destruction? Can American citizens be that stupid? Are our leaders that corrupt? Can Americans be that disinterested as the core of their values rots ?
Look around fellow Americans. You’ve got Muslims swearing-in on the Koran in the United States Congress. That book stands diametrically opposed to the U.S. Constitution. Those who follow the Koran expect to kill Jewish and Christian nations. The Koran states it emphatically.
Islamists expect to wipe Christians off the face of the earth! It’s the prime directive of those who follow the Koran to “convert or kill all non-believers.” And, yet the people of Minnesota elected a man who follows a religion bent on destroying Western humanity.
Are You Ready – Sharia Law Governing the U.S.A.?
If all 535 candidates for Congress were Muslims, and became U.S. senators and House members– they would dismantle our Constitution in a heartbeat and install Sharia Law. How stupid are we as a nation? How naïve? How bankrupt in our apathy toward Islam and its prime directive?
Additionally, how stupid our apathy toward massive legal and illegal immigration! How far will we allow our nation into this nightmare?

“To Serve Man”
Forty years ago, a movie narrated by Rod Serling, “To Serve Man” starred Lloyd Bochner and Susan Cummings. It depicted an alien space craft landing on earth. The head alien gave the people of earth a book. With a special beam, all diseases vanished. Crops grew in abundance. Humans grew fat and happy. Soon, the aliens gave humans free trips back to their home planet. The aliens gave humans a choice to stay on the new planet. Flights left daily. Amazingly, no one returned to earth — except more space ships for transport.
Where did they go, and what did they do?
Near the end of the movie, Susan Cummings ran up to Bochner with a horrifying look on her face. “What’s the problem?” Bochner asked. “This book,” she said, “To Serve Man, well, our best experts have deciphered it.” “What did they learn?” Bochner asked. Susan Cummings burst into tears, “It’s a cookbook!”
There are other provocative movies. Have you seen the current movie, “Children of Men?” Brace yourself and do that – then sit somewhere in silence, and think about the consequences.
Believe It, or Not – We Are Responsible For the Nightmare!

We Can Choose To Stop It – If not now, When?How far do Americans want to continue into this horror movie with a cast of millions of consequences including illegal aliens, violent Muslims landing in our country daily and an annual $700 billion trade deficit? Do you like watching diseases like TB, hepatitis and leprosy imported? Do you find it exciting to watch MS-13 gangs expanding all over our country? What about hospitals bankrupting, prisons exploding and education degraded to the Tower of Babel? Is it fun to watch your neighbors lose their jobs to outsourcing, offshoring and insourcing?
On top of that, our own Congress may insanely legalize up to 30 million illegals and jump legal immigration one hundred percent annually – to two million per year. This legislation increases by tens of thousands work visas that take jobs from Americans — and continues chain migration and anchor babies without pause.And still, the American public stands like a bunch of sheep in a pasture waiting to be slaughtered.
Americans remain as stupid and naïve as the humans in “To Serve Man.” Our nation adds 100 million people in 33 years with 70 million of them poorly-educated immigrants from Third World countries. Yet, the American public stands like a deer in the headlights.