Adding Insult to Injury: Obama Settles With The Bankers

As one who was affected by the mortgage banking crisis (and other unconstitutional property "laws") in my home state of Arizona way back in 2006, I was amazed to hear this afternoon that Barack Obama held a rather large news conference in order to announce that the federal government has come to a "settlement" with many of the major banking concerns (primarily located in the West) whose practices led to the loss of untold thousands of American's homes these last five to six years.

First of all, I'm scratching my head wondering just where in the Constitution it affords a president to act as a lawyer on behalf of the American people in this "class action?" It does seem rather odd to me, and don't remember a time in our history when a President has exercised such "authority."

Prosecuting and putting some of those individuals sitting on those Boards of Directors or CEOs and CFOs in jail for a very long while on charges of fraudulent lending practices, or other clearly criminal charges, yes.

But engineering a settlement outside Congressional authority even?

Just where is that duty of office in our Constitution?

It was bad enough when during the honeymoon phase of Mr. Obama's presidency he appointed the former CEO of Countrywide in charge of negotiating refinances for homeowners who were still in danger of losing their homes back in 2009.

Part of the terms of this deal is the payment of a few billion in fines, which apparently is going to be earmarked to offer to homeowners who were foreclosed on "inappropriately" $2,000 as repayment for the loss of their home.

More money also will be set aside for refinancing.

Of course, if the terms of those loans remain the same as the ones which led to this travesty I just wonder how this is going to help most of those homeowners who are still receiving those foreclosure notices.

If non-judicial foreclosures remain the rule of law in many states throughout the nation, just what power does the average homeowner in default due to the continuing joblessness and piss poor economy have against the banking industry still, and their lawyers?

Let me get this straight.

The Federal Reserve who owns all of these banks (created by Congress) poured billions of dollars into these banks during the bank bailouts in 2008-9, which was to be used to ease up credit (which never really happened, but simply afforded the big box banks to buy out the smaller banks) - and now Obama has orchestrated the return of SOME of those monies in order to pay to fund more refinances, and payment of $2,000 to those for which it is "too late" and lost their homes this past five years.

Don't get me wrong. Mr. Romney's "solution" of letting the foreclosures hit bottom so that investors or corporate limited partnerships can scam some of those hot properties for rentals was far, far worse.

Talk about socialism and shifting the wealth around to the politically fortunate.

But I guess it played well for those in the Beltway in the room when he made this much publicized announcement.

But seems to me the current market conditions and all those still empty homes across America are demonstrating a vote of "no confidence" on Main Street.

Washington Drama: Government Shutdown?

It has been widely reported in the mainstream media that both political parties are at an impasse in their attempts to "balance" the U.S. budget and our out of control deficits.

The question is, why is this so?

Left out of all those budget talks and negotiations are the real issues and reasons why there even is this claimed budget crisis, and with the creation of the Federal Reserve illegally after the crash on Wall Street and run on the banks in this country during the "Greater Depression" even how it would be possible given that fiat currency was created in order to avoid such a crisis in the first place.
Interesting facts also have been left out of these "talks," and the political posturing.

Such as the fact that our budget could be easily balanced by simply returning to a more accurate method of reporting.

Here are some facts that just might open the public's eyes to what has really been left out:

1. Offsetting our deficits to China, India and Mexico with the number of jobs which have been created for their citizens, and the amount of goods and services which have been outsourced to them progressively throughout the past several decades.
2. Offsetting our deficits with the wealth that foreigners now possess in U.S. industry, our gold and oil reserves, prime residential and commercial real estate, and even our ports.

3. Offsetting our deficits with the dollars now spent in order to continue progressively to defend and protect the "global good" rather than our country's true defense and self-interests and our out of control military budgets while our own country's back doors and shores are becoming less and less secure also by the day, week and month.

4. Offsetting our deficits with the amount of dollars poured into foreign aid to countries now in better financial position than our own, such as Israel, Great Britain (currency is still over ours), Canada - in fact, the entire European Union and most countries for which we have poured literally trillions over the course of years in foreign aid due to their "lobbyists."

5. Offsetting the amount of monies which are poured into global and foreign based pharmaceutical companies and their products and services, whose wealth is gained by now bypassing cures for various diseases of Americans in favor of instead treating the symptoms in order to support the global economy, while then also pouring more and more dollars into research without using some of the cures which have already been discovered.

So while tuning in and listening to the talking heads who also make their livings by reporting on the latest Washington theatrics and crisis, it does seems more and more Americans are asking one simple question...

Why?

National Association of Realtors: More Spins on The Housing Crisis

During the last week there has been a great deal of reporting on internet sources that the mortgage crisis and home foreclosure situation is looking up, and that there has been an increase in sales for the third straight month of homes sold throughout the nation.

And just where are those figures coming from?

No surprise, the National Association of Realtors who just might have an ulterior motive in spinning or inflating the numbers due to the market conditions at the present time, and number of jobless and homeless now which has swept the nation since the manipulated "mortgage" crisis and bank bailouts which just so happened to occur during the last presidential election cycle.

In fact, the June 19-21 headline of USA Today also said it all: "Foreclosures Heading Through The Roof."

More Americans are lining up at the soup kitchen, than at the realtors offices, since the homeless now and jobless stats are really off the charts and not this high since the last great depression, also manipulated by the European owned Federal Reserve, branch bankers and Washington.

As far as my personal knowledge and reports from my former home state of Arizona, one of the states hardest hit due to the boom and bust cycle and the many retirees on fixed incomes that also were hard pressed to come up with increasing property taxes and insurance which contributed to some of what is occurring also left out by the media, and those predatory "interest only" and other "creative" loans sold mostly by regional and national California domiciled banks.

Although the State of California doesn't share the entire blame for the now mostly Western and Southwestern home situation, since most of those loans were also underwritten with extra "propert stripping riders and provisos over and above the actual loan documents themselves by the governmentally created Freddie Mac and Fannie Mae. How Freddie Mac and Fannie Mae could have been "bankrupt" at all due to some of those usurous loans and terms really is quite inconceivable as one who was forced into such a refinance position and had to refinance a home in 2004 can attest.

It would appear this claimed increase in sales and "recovery" appears to be wishful thinking.

In Arizona, California, Michigan, Nevada and Florida due to also progressive overbuilding in those states for literally decades, and now thousands unable to qualify for fixed rate low interest loans with black marks on their credit records at this point, it will take literally decades - if ever - for the housing market to stabilize, from this 45 year Arizona resident.

In those western border states now in particular, due to the open borders situation and escalating drug war violence which I'm sure that also has affected the marketability of those houses significantly, since who wants to live in a state in which there is a foreign invasion and civil wars now going on due to federal negligence in "providing for the common defense," its actual primary function. Instead of now attempting to "reform" the health care industry according to a "business" model ala Soylent Green and Adolph Hitler on cost/benefit actuary "business" modes and standards.

Plus the fact that few now in this country trust the banking industry now in general. Nor are willing to go into those sliding scale and interest only loans that they are still marketing, some of which are not even based on the U.S. prime interest rate, but the European market.

Nothing essentially has changed which lead to this catastrophe to begin with. And most in the World War II, boomer generation or younger have moral difficulties paying "usurous" sums in order to purchase a home, a home which is now in many areas of the country due to the loan terms and assundry restrictive "use" restrictions and additional costs and provisions, and associated junk fees and charges tacked on for those purchases, nothing more than a foreclosure contract to begin with.

So...nice try, realtors. Since a great many of you also pushed and marketed to many of those retirees and others more home than they really could afford in order to get higher commissions also in the process, the trust in your "industry" also now is about zilch.

Especially those of us who lost ours, and who have made sure we speak the truth, rather than the spins, on just what lead to this, and the commercial and banking interests that were truly responsible - of course, along with the criminal element now residing on Capitol Hill and in our state legislatures who have been in collusion with the corporate interests and their primary "special interest" campaign backers for literally decades.

And the National Association of Realtors is high up on that list also.

Along, of course, with the bankers and their minions - the foreclosure lawyers and scam artists and their breathren in federal and state government.

California Screamin' Again: State's Liberalism Causes Budget Woes

California is again in the news due to its purported "budget crisis," a state that receives more federal monies in addition to New York than most all of the other states combined due to its liberal spending policies in the past two administrations in that state under both Gray Davis and Arnold Schwartzenegger.

Funding governmental functions in California takes a back seat to promoting the fantasy and delusion inherent in the California lifestyle, and one is that money grows on trees and the Governor and legislature are the state's Sugar Daddies for both corporate welfare, and foreigner welfare.

In comparison, citizen welfare is far down the list as California is a "sanctuary state" for new immigrants, illegal immigrants and foreigners almost across the board in addition to its cousin, New York.

But when push comes to shove it is the Kansas farmers and Middle America that are funding their excesses and out of control spending, and the other 48 states.

And the 9th Circuit in San Francisco and its liberal political renderings, whose reach even extended to my former state of residence, Arizona, is now assisting in destroying its economy due to that same liberalism, and the influx of political refugees that have fled from that state in greater and greater numbers after anniliating their own.

Below is some information that will help shed some light on just a small fraction of the problems in California, due to their sanctuary state policies and liberalism with respect to the illegal immigrant situation and its fiscal impact:

This was released by the Vietnam Veterans of America

Just One State
This is only one State...............If this doesn't open your eyes nothing will !

From the L A. Times

1.40% of all workers in L. A. County ( L. A. County has 10.2 million people )are working for cash and not paying taxes. This is because they are predominantly illegal immigrants working without a green card.

2.95% of warrants for murder in Los Angeles are for illegal aliens.

3.75% of people on the most wanted list in Los Angeles are illegal aliens.

4.Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal , whose births were paid for by taxpayers.

5.Nearly 35% of all inmates in California detention centers are Mexican nationals here illegally

6.Over 300,000 illegal aliens in Los Angeles County are living in garages.

7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.

8.Nearly 60% of all occupants of HUD properties are illegal.

9. 21 radio stations in L. A. are Spanish speaking.

10. In L. A. County 5.1 million people speak English, 3.9 million speak Spanish.
(There are 10.2 million people in L. A. County )

(All 10 of the above are from the Los Angeles Times)

Less than 2% of illegal aliens are picking our crops, but 29% are on welfare. Over 70% of the United States ' annual population growth (and over 90% of California , Florida , and New York ) results from immigration. 29% of inmates in federal prisons are illegal aliens.

We are a bunch of fools for letting this continue

HOW CAN YOU HELP ?

Send copies of this letter to at least two other people. 100 would be even better.

This is only one State................

If this doesn't open your eyes nothing will !