Washington's Shame, Shame on Bankers Far Too Little, Way Too Late

It was reported in the mainstream media that Washington has "chastized" the banking industry and its foreclosure practices during this recession, calling for an investigation of homeowners who were foreclosed upon in 2009-2010 and purportedly inflicting "heavy fines" on those banking institutions if found to have been using loosey goosey practices with respect to the ongoing foreclosures throughout the country.

With most of the homeowners affected by this recession and boom and bust cycle starting in 2005-06, it does seem this is, once again, far too little and way too late.

And, of course, there has been no investigation initiated in order to address those contracts and loan documents and their unlawful and illegal practices which even lead to what has transpired this past five years.

Some of those bogus loans are still being marketed by many of these institutions to new home buyers and also to the young for their educational costs - many based upon the British LIBOR lending rates and not the U.S. prime at all.

The politicians are hard at work, and it is clear that the 2012 elections are actually their main concern with this recent announcement.

Washington Hypocricy Evident Once Again

Once again, it appears that the hypocricy in Washington has become evident for many Americans outside the Beltway.

While the media labeled "coalition" of forces in the West, including America and its historic "allies" Britain, France and the allied forces since World War II are now waging war on Libya in the "no fly" zone which was established this past week by those same forces, protests by Americans were held across the nation against America's continued involvement in Iraq.

It was reported that the rebellious Americans who defer from American foreign policy on the war were arrested for being too near the White House gates while conducting their demonstrations.

Will wonders never cease?

While Washington is supporting the rebels in Libya, it is arresting its domestic variety for staging their demonstrations where they would have the most coverage and impact.

In front of the White House.

Meanwhile, gas prices throughout the country have gone from $2.65 per gallon one year ago, to the "new" pricing of $3.20 a gallon - an over 30% increase in less than a year.

I wonder if those prices reflect all those barrels that were scammed during the months long "cleanup" and then refined in Britain during Deepwater Horizon this past summer, or whether the revolts now in the Middle East will be reported to blame.

Stay tuned.

Mr. Obama: More Jobs In December? Duh!

Gearing up once again (already) for the 2012 run for the roses, Barack Obama announced from a politically determined location in the hard hit industrial north that the economy is improving and December saw the unemployment rate "dip" to 9.4% from 9.8% the month before.

Since December is a month when there are additions of lower paying temporary retail jobs in the private sector for the holiday season, this announcement should come as no surprise to most Americans whose reaction most likely was similar to mine.

A "duh" moment.

Mr. Obama credits the recently passed legislation reducing tax burdens on capital expenditures for businesses, and other perks which were included in the extension of the Bush tax cuts, including those for the wealthy and large, global corporate conglomerates, as the source rather than the obvious.

Of course, with little monies earmarked for American small businesses and start ups, this new job growth can only be a political maneuver on the part of Washington since nothing really has changed at all in the housing market, banking industry or Wall Street to address the actual problems which created this depression/recession to begin with.

Absolutely nothing.

Except pass more and more backdoor taxes in the form of those global carbon taxes, and health care taxes favoring global industry at the cost of the average American which have not kicked in as of yet, but will impact each and every American on a massive basis in just a few short months, or years.

There has been little, if any, of the promised redlining of our huge bureaucratic public sector jobs and their costs, especially in that newly created massive drain on the public post 9-11, Homeland Security, which also has increased the costs and time for most Americans to even travel in all those new airport taxes for all those body scanners that are now being utilized, while our southern and northern borders remain open and the hugely expensive Middle Eastern war continues.

But what can you expect from a so out of touch Washington that is so far left leaning that the Constitution is not only a "thing of wax" but has been utterly destroyed progressively, and never more so than since the 1960's under both political parties' leadership.

Get ready for more spins, since it appears it is "looks" and "lies" that will once again be a major factor in the next election cycle.

Some things NEVER change.

Tinkerbell, Fairy Dust and The American Economy

It was announced with great fanfare by economists in Washington today that the "Great Recession" beginning in 2007 was over officially in June, 2009.

Say, what?

Apparently, in a townhall style meeting held by Mr. Obama later the American public just isn't buying it.

Those economists are failing to disclose, it appears, just which economy they are speaking of. The American economy, or the global one?

Could it be that the global economy has recovered, at the cost of the American economy which still is in a freefall, from the looks of those lining up still at the unemployment offices, and social service agencies.

I still am scratching my head, since the American economy began its freefall in 2006, back when the mortgage crisis began and the bubble burst in the West, Southwest, and other parts of the country, and that was in June, 2006.

I should know since I was one of those affected whose "creative" refinanced loan based on British LIBOR interest rates was scheduled to readjust (and for which hefty closing costs on that loan in which I was forced to take out due to escalating costs of ownership during the bubble), and who then watched the value of my home decrease then by the week it seemed while I was attempting to then sell it.

I was luckier than many, although the true circumstances under which I "lost" my home were egregiously assisted by state and federal banking and governmental friendly property statutes that had fundamentally changed even the terms of my ownership since I purchased my small townhouse back in 1994, and a court action then that upheld "the state" and its special interests groups over my property ownership rights in a house I had lived in for over 12 years.

I don't think that GM plant in Detroit has reopened, or am I missing something?

And the new jobs created in Louisiana appear to be coastline cleanup jobs, most held by the former fishermen and shrimpers from that region post Katrina, Gustav and Deepwater.

A member of the Wall Street linebackers attended the townhall, bemoaning the beating the bankers took (although if my memory serves, many of them were soaking up the rays in California with pina coladas with their executive bonuses, weren't they, when this all began?)

Seems that the housing market hasn't rallied, but then the terms under those loans that are now being offered for refinances haven't really changed much at all, simply a half percent or so drop in those lending rates. And fixed rates still, unless credit reports are in the 700's, are rare and hard to obtain.

It is those usurous loans which are now the bread and butter of the banking industry, and apparently Americans still are having a hard time justifying buying even a "cheap" home that they may in turn lose during the next housing meltdown within the next decade or two, since this cycle harkens back to the 70's 80' and even 90's in its scope, although affecting many, many more due to the amount of those loans which were marketed to the public by both East and West coast banking houses.

Foreclosure contracts at the get go, and how many now since so many thousands have been affected can, due to their lack of jobs, savings or bad credit, even qualify for those "interest only," cheap deals, or would have the means or inclination to put much "sweat equity" into those purchases?

Between those affected in both the 90's and this cycle, that removes quite a few Americans from ever having another shot at the American dream.

The jobs which have been created appear to be mostly directed toward those tech, science based jobs, or construction due to all these "disasters" that keep occurring on top of the piss poor economy and many of those jobs are going to foreigners at any rate due to all the insourcing and outsourcing.

So I guess my question is, who's writing these economic reports?

The author of Peter Pan, James Barrie?

Or are these reports actually bi-partisan efforts, since it seems that the only "change" that has occurred since the last election cycle, is simply a change of the face behind the podium, and the supporting players from the blue team now in this global economic rebalancing act.

Or is Robin Hood also a major player here too?

Taking from the poor Americans on balance, and redistributing their wealth, or whatever is now left of it from the formerly middle class private sector minions, globally?

If those dates are correct, must be another new invention of science-based technology.

The Tinkerbell calender.

Using Lincoln: Beck, Sharpton Haven't A Clue

Yesterday, on the anniversary of the pivotal speech made by Dr. Martin Luther King during the Civil Rights Movement, two political rallies were held in Washington, using Lincoln as a backdrop for one and keynote references for another.

The first, Fox's Glen Beck's "Restoring Honor" rally.

The second, Al Sharpton's "Reclaim the Dream" rally.

Both marketers and hucksters for their form of rewriting history with respect to both Lincoln, and Dr. King's mission which resulted in the Civil Rights Act of 1964 and in effect redressed the job and social discrimination during the 1960's that was a hangover from the civil war primarily in the South, much of which was due to the opportunist carpetbaggers who migrated there during the reconstruction from the North post the civil war who established non-agricultural businesses there.

Mr. Beck is labeled a "conservative" by most of the mainstream media. But his fundamentalist conservatism beliefs actually are more aligned to the British form and definition of conservatism than that of "conserving" the intent and provisions of the U.S. Constitution as was written and intended by those framers and founders. Regaining the state's rights and people's rights and balances of power requires not simply rallies and rhetoric, but re-establishing the entire framework of the Constitution which has been progressively lost, and never more so in the modern era during the Wilson Administration.

Mr. Sharpton can only be likened and labeled for those boomers who remember when, as the "Don King of race relations," at this point, ready to pounce on any perceived injustice as his recent forays into Arizona politics and the immigration and border situation attest. His "dream" also includes gaining equality for even non-Americans by nationality that were not brought here primarily against their will, but have migrated to the United States with the encouragement of their former country's leadership in droves since the Reagan amnesty.

The Constitution does provide in its preamble that it is only relevant to citizens, by birth or naturalization, of these United States. And the government's job actually is to protect its legal citizens from foreign invasion or displacement. So the border issue and immigration have little to do with the civil rights those founders were concerned with in providing for those first ten amendments with respect to this particular group of individuals, as opposed to the slavery issue. We do still have post the Mexican-American war open borders at both the North and South that continue to compromise the safety and security of the citizens of this nation, and the headlines on what is occurring in the border states have gained national attention, but have been a major problem for literally decades due to the criminal activity which has escalated cross-borders - which has increased in leaps and bounds since the last Reagan amnesty and "Reaganomics." This is also where many of the followers of the tea party movement and Mr. Beck fail to connect in their stances also on border security and immigration. It has been both political parties that have been behind leaving those borders open for commercial reasons, and promoting and escalating the outsourcing which has occurred for their particular favored subjects.

Which is why Mr. Sharpton's positions on this issue are similar to Mr. Beck and his followers, by and large. He too, on the other hand, is simply another form of globalist in his understanding of commerce and free trade, and believes that the freedom from regulation over national and multi-national corporate commercial interests is one of those freedoms that the founders and framers intended.

When the entire genesis of the Revolutionary War was not simply over "taxation without representation" but also was against the impact a foreign global corporation and its partnership with the sovereign had on them and their livelihoods, and was negatively impacting domestic production and commerce in even the choice of tea those founders were required to purchase, and taxed at that.

Global monopolies and foreign competition were also behind that tea dumping.

But Mr. Beck, who has gone on book tours with a shirt proclaiming "Britain Rules" fails to include that in his more "neoconservative" posturing for Fox, a station owned by a former Brit and the national animal, actually, of the British.

The two pied pipers of the globalist agendas have more in common really, than they do not.

And Mr. Lincoln, after all, wanted to keep the union together, as a Northerner, in order to protect those Eastern factories and their bottom lines and profits, after all.

His historical stated positions on the "slavery" issue pre-Civil War were merely to provide safe passage for all the slaves that so desired back to Africa. He was responsible also for those "poll taxes" even.

But as with what continues to occur in this country with these "rallies" sponsored mostly by the media types and publicity hounds without any fundamental Constitutional basis in their rallying calls, diversion is the name of the game.

Since Congress is still enjoying their August recess and would guess that less than a third of them even had their televisions on to enjoy the goings on in Washington for the mainstream media most of all and their bottom line profits, and the book tours of these particular individuals and their slated speakers during their absence.

Goldman Sachs Passion Play Misses The True Crime

While the entire even minimally politically aware citizenry of the United States is on overdrive due to the far-reaching events of this past week with respect to the war zone conditions that are more than apparent in the border states and particularly Arizona over the illegal immigration situation, with those on the East Coast per a Saturday Night Live News segment slamming the state, while being totally ignorant of what actually led to the actions taken by the state government to begin with, there has been more afoot on the Eastern Seaboard.

Such is the insulation in this country, and lack of a national identity at this point that those not directly affected by the porous southern borders and drug cartels doing business cross borders almost unimpeded for the past thirty years, have once again attempted to minimize the impact on those victims, rather than putting pressure on the federal government to actually do their jobs and get our southern borders secured FOR ALL.

This week, however, another drama is being played out in the media which also majorly impacted those living mostly in the West and Southwest and Sunbelt states (the states with the continuing foreclosures, which are increasing by the month) and that is the hearings being conducted over the Goldman Sachs securities fraud.

Little connection, however, or reporting has been forthcoming insofar as just who were the actual true victims in the Goldman Sachs fiasco.

And it was not primarily the investors of those CDOs which were pawned off on them by Goldman Sachs knowing full well that those collateralized loans were junk, and that one of their major clients was hedging their bets though derivatives in the process.

After all, Goldman Sachs is the Cadillac of investment houses and most of their clients are not neophytes but savy investors, or at least minimally aware of risk when making some of those investments.

I mean, these investors were playing the market, after all.

In fact, there are quite a number of Goldman Sachs investors who, I'm sure, invest for the tax writeoffs they receive for losses on some of those investments.

Although mere disclosures also of the risks for most of these investments is clearly inadequate for many, due to the legalese with which most prospectuses and other investment documents are written to begin with.

And selling your investors down the river for a favored investment client firm is not good business practice, nor is it legal in the sense the founders intended irrespective as to whether or not there are codified laws allowing mere disclosure as a protection for these huge Wall Street banking firms in order to mitigated their potential losses since Wall Street is pretty much left alone by the SEC and Congress more and more while the investment grades and risks are becoming greater and greater, for the average American individual investor, that is.

In fact, I would simply state that Goldman Sachs had a huge ethical problem, and conflict of interest actually, in order to win favor with one client at the cost of so many others and can not understand for the life of me just how that would not have been in violation of at least several SEC or United States Code provisions.

But the true victims actually are the American homeowners mostly in the West and Southwest who were sold most of those bad loans which Goldman Sachs has admitted full well knew were bad while they were unloading them.

People who were first time homebuyers, or who were forced into refinances in those states due to the rising costs of ownership during that very short boom cycle, many of whom also were owners of homes during a similar scenario involving Charles Keating in the 1980's - who was selling risky investments to elderly retirees in also the West and Southwest and who ended up losing their homes and everything they had when Lincoln Savings & Loan went bust.

Many of these risky and bad CDO's were also guaranteed by Freddie Mac and Fannie Mae.

We all know what happened then since it is and has been the American people who are also bailing out those two entities, all for Goldman Sachs' investors, since the homeowners whose loans were involved and their interests are far down the list and in which at this point for many actually have no underlying debt, as it were, since they were resold.

AND the American people were billed for cash advanced literally in the millions directly to Goldman Sachs (a part owner of our own Federal Reserve actually, according to several reports), so actually it appears Goldman Sachs was using Congress to write themselves their own checks, while billing then those costs to the American public at large on their investors behalf.

And yet it is and was the American homeowners who are still being threatened by these banks and lenders in bed with thsoe Wall Street wheeler dealers and Washington, and few have been able to refinance under more favorable terms since Congress has yet to address the actual terms of those bogus contracts to begin with.

In fact, most of Congress and Obama's attentions have been in attempting to hawk refinances instead to get more and more Americans, it appears, into some of those bogus loans in order to use to pay back some of these investors, apparently.

Or for those "new" jobs created in the mortgage industry of now "mortgage counselors" to settle those debts with those investors by renegotiating the terms of those loans as the middle man with those homeowners, weighing the cost/benefit against foreclosing on the property and reselling it as to which would get those investors and those banks affiliated with Freddie Mac and Fannie Mae more.

Many of those loans, of course, were sold through California lenders which were not even based on the U.S. currency, but on the British LIBOR rates.

In the banking industry, the connections between New York and Wall Street and California and those mortgage bankers is strong.

After this week's bust and play acting by the Senate with respect to any true financial sector/Wall Street reform, I'm wondering when those in Washington will get around to addressing the fallout to the true victims of this passion play.

The American people, and mostly those American homeowners in the West and Southwest which New York and its brash comedians maligned in a roundabout way once again last Saturday night.

Watch Washington give Goldman Sachs a lengthy tongue lashing, as what occurred today by selected Senators needing some face time with the media for the upcoming elections, and then purportedly levy a heavy fine.

While the true victims continue to lose their homes, jobs and even lives in the West and Southwest due to Washington's continued political maneuvering protecting the bankers and appeasing the foreigners while raping the citizenry.

Global Warming? DC Sets Record 55 Inches

It appears the global warming scam by those globalists in the United States Congress is coming home to roost, as this new "propaganda based technology" or global taxing scheme reveals that weather is quite changeable. And the change which has occurred this year is not unusual warming trends for most areas of the country, but a historic cold spell.

Local news casts throughout the nation have been following the major storms which have been occuring in the East Coast, with Washington D.C. receiving over 55 inches of snowfall this year, setting a record.

The mainstream media traced the record back to 1899, although I do wonder whether even such information was recorded that far back, but this winter has not been one that has been on the warm side as the federal offices have been shut down rarely in the past due to weather conditions and tomorrow will make the third day that all federal offices will be closed.

Which does go to demonstrate that while there may be climatic changes which are cyclical in nature, it would appear that most of the shifts in weather throughout the world are happening in areas which have in the past also had major weather disturbances.

It is also well known that as planetary masses age, most warming is created internally by the heating of the Earth's core - which actually was what was taught in my generation in the schools during our science classes as scientific fact, and not theory.

Which warming also causes the plates in the Earth's interior to shift, causing a great many of the earthquakes and other weather disturbances that have occurred, including tidal waves and tsunami's.

It would appear that the Creator may be just having the last word, as a Global Warming Conference scheduled in Washington, it was announced, was cancelled by snow.

Gee, I hope all those scientists can get reimbursed for their expense accounts for all those airline tickets and four star hotel reservations for this conference.

In order to do their part to reduce the amount of carbon emissions, wouldn't you think in this day and age of satellite technology, these scientists could hobnob via satellite, and thus save also the costs for rescheduling some of these governmental perks of the taxpaying public if they were serious about the "threat" of global warming?