BELOW IS A LETTER THAT APPEARED IN THE KNOXVILLE NEWS SENTINEL. THIS LETTER IS MISTAKENLY BEING CREDITED ON THE INTERNET TO THOMAS SOWELL. IT APPEARS IT WAS WRITTEN BY JACK FURNARI. YOU MAY HAVE SEEN IT BEFORE. IT IS HERE BECAUSE HIS WORDS ARE IMPORTANT AND ALL TOO TRUE.
The current Occupy Wall Street movement is the best illustration to date of what President Barack Obama's America looks like. It is an America where the lawless, unaccomplished, ignorant and incompetent rule. It is an America where those who have sacrificed nothing, pillage and destroy the lives of those who have sacrificed greatly. It is an America where history is rewritten to honor dictators, murderers and thieves. It is an America where violence, racism, hatred, class warfare and murder are all promoted as acceptable means of overturning the American civil society.
It is an America where humans have been degraded to the level of animals: defecating in public, having sex in public, devoid of basic hygiene. It is an America where the basic tenets of a civil society, including faith, family, a free press and individual rights, have been rejected. It is an America where our founding documents have been shredded and, with them, every person's guaranteed liberties.
It is an America where, ultimately, great suffering will come to the American people, but the rulers like Obama, Michelle Obama, Harry Reid, Nancy Pelosi, Barney Frank, Chris Dodd, Joe Biden, Jesse Jackson, Louis Farrakhan, liberal college professors, union bosses and other loyal liberal/Communist Party members will live in opulent splendor. It is the America that Obama and the Democratic Party have created with the willing assistance of the American media, Hollywood, unions, universities, the Communist Party of America, the Black Panthers and numerous anti-American foreign entities.
Obama has brought more destruction upon this country in four years than any other event in the history of our nation, but it is just the beginning of what he and his comrades are capable of. The Occupy Wall Street movement is just another step in their plan for the annihilation of America.
Jack A. Furnari, Knoxville
2011, Knoxville News Sentinel Co.
Showing posts with label Barney Frank. Show all posts
Showing posts with label Barney Frank. Show all posts
Sunday, November 20, 2011
Sunday, October 17, 2010
FORECLOSURE FOLLY GETS DOWN AND DIRTY
Courts, borrowers and lawyers are in for a mucky dip in the MUD. And the only ones who will make a clean get away are the lawyers. The Foreclosure Folly mess is ripe for lawyerly enrichment to the max.
A number of large lenders have suspended foreclosure proceedings in 25 states, and that number is growing. It seems like the lenders have hired "Robo Signers" to execute foreclosure paperwork, they were so anxious to get their hands on your house. Now wouldn't you think that the banks would have enough sense to hire people who actually know what a Promissory Note is, or what a Mortgagee is, or what a Notary is? But no, the banks hired construction workers, food service workers, hospitality service workers, and many others who had zero, zippo experience in the financial industry. They hired these people to "Robo" sign documents to facilitate foreclosure proceedings against homeowners, gave them little or no training and put them behind a desk with the POWER OF KEEPING A ROOF OVER YOUR HEAD IN THEIR HANDS.
There has been sworn testimony by some of the "Robo" signers that they signed many thousands of documents per month, submitting affidavits that confirmed the accuracy of the information in those documents, but that they had in fact not verified any of the information. Basically their job was lickety split and full speed ahead with foreclosures.
Now for a look at the bigger picture. What were bank regulators doing while mischief and mayhem were in full swing? And while the biggest lenders in the U. S. routinely filed false foreclosure documents in courthouses throughout the country? Well, in the case of one large bank it turns out that the FDIC (Federal Deposit Insurance Corp) was running the scam. This explains why the banking industry got away with such grievous misbehaviour for so long. The government was doing it too, even though the government was charged with preventing just such a romp in the pigpen sludge.
For years the leaders of the Federal Reserve have been assuring the public that there were on site examiners/regulators at all of the country's largest banks. But the regulators did nothing to stop the abuse. Were they clueless? Or did they allow it to go on to keep the foreclosure slaughter house open?
And to think Obama/Congress just gave the banking regulators, including the FDIC, even more authority under the Dodd-Frank Financial Reform Act. Seems like the more the government fails, the more power they grab. And the more power they grab, the bigger the failure.
The bottom line? The housing market will crash and burn even worse than it already has. Market values of homes? Watch for the prices to sink even lower as soon as all the forestalled foreclosures flood the market all at the same time.
Thanks, Washington, for taking such good care of an industry you bailed out and own part of.
Such a touchy, feely, hopey and changey job you have done at the expense of Americans everywhere, and Obama said he was going to clean up Washington.
A number of large lenders have suspended foreclosure proceedings in 25 states, and that number is growing. It seems like the lenders have hired "Robo Signers" to execute foreclosure paperwork, they were so anxious to get their hands on your house. Now wouldn't you think that the banks would have enough sense to hire people who actually know what a Promissory Note is, or what a Mortgagee is, or what a Notary is? But no, the banks hired construction workers, food service workers, hospitality service workers, and many others who had zero, zippo experience in the financial industry. They hired these people to "Robo" sign documents to facilitate foreclosure proceedings against homeowners, gave them little or no training and put them behind a desk with the POWER OF KEEPING A ROOF OVER YOUR HEAD IN THEIR HANDS.
There has been sworn testimony by some of the "Robo" signers that they signed many thousands of documents per month, submitting affidavits that confirmed the accuracy of the information in those documents, but that they had in fact not verified any of the information. Basically their job was lickety split and full speed ahead with foreclosures.
Now for a look at the bigger picture. What were bank regulators doing while mischief and mayhem were in full swing? And while the biggest lenders in the U. S. routinely filed false foreclosure documents in courthouses throughout the country? Well, in the case of one large bank it turns out that the FDIC (Federal Deposit Insurance Corp) was running the scam. This explains why the banking industry got away with such grievous misbehaviour for so long. The government was doing it too, even though the government was charged with preventing just such a romp in the pigpen sludge.
For years the leaders of the Federal Reserve have been assuring the public that there were on site examiners/regulators at all of the country's largest banks. But the regulators did nothing to stop the abuse. Were they clueless? Or did they allow it to go on to keep the foreclosure slaughter house open?
And to think Obama/Congress just gave the banking regulators, including the FDIC, even more authority under the Dodd-Frank Financial Reform Act. Seems like the more the government fails, the more power they grab. And the more power they grab, the bigger the failure.
The bottom line? The housing market will crash and burn even worse than it already has. Market values of homes? Watch for the prices to sink even lower as soon as all the forestalled foreclosures flood the market all at the same time.
Thanks, Washington, for taking such good care of an industry you bailed out and own part of.
Such a touchy, feely, hopey and changey job you have done at the expense of Americans everywhere, and Obama said he was going to clean up Washington.
Friday, September 24, 2010
LOST YOUR HOUSE YET? GUESS WHO'S TO BLAME
So who in Washington is REALLY responsible for the economic chaos we are in? Who is responsible for the housing collapse and you losing your house? Which Big Shot Senators and Congressmen had a hand in creating the worst crash since The Great Depression? Well, don't pay any attention to the denials by Barney Frank, Chris Dodd, Schumer and others in Washington.
Instead watch this video and make your own decision about who did what and when and who didn't do anything to stop it even after being forewarned a number of times about the impending collapse.
This video has been taken off of youtube, but it is still on the Canadian airwaves. Obviously the Canadian press is more interested in reporting the facts than the Corrupt Brotherhood of Lame Stream Media in America. Thank You Canada!
Instead watch this video and make your own decision about who did what and when and who didn't do anything to stop it even after being forewarned a number of times about the impending collapse.
This video has been taken off of youtube, but it is still on the Canadian airwaves. Obviously the Canadian press is more interested in reporting the facts than the Corrupt Brotherhood of Lame Stream Media in America. Thank You Canada!
BE SURE TO WATCH TO THE END. VERY ENLIGHTENING!
Monday, September 6, 2010
DODD/FRANK PHONY FINANCE REFORM
2300 pages, that is the size of the Financial Reform Bill written by Barney Frank and Chris Dodd and their soldiers. So many words and so little clarity! Compare this bill to the Constitution of the United States (it created legal principles that have governed our nation for hundreds of years and have done a very adequate job) which originally contained only 4 pages. Four pages to run a nation and 2300 to run a bank? Give Me A Break!
So what does the bill do?
Well, first of all, the bill does not inspire confidence when Obama "thanks" two crooks directly responsible for the financial meltdown, Barny Frank and Chris Dodd. Oh, yes, they were responsible for drafting this monstrosity, and they were also directly responsible for orchestrating the collapse of our economy.
And guess what Barney Frank said after the bill was passed? "We won't know if it will work until we have another disaster." Boy, that sure elicites confidence, doesn't? The same people who got us into this mess don't know whether 2300 pages of regulation will work?
A number of years ago Dodd and Frank forced through legislation that required Fannie Mae and Freddie Mac (government backed lenders) to give loans to borrowers who didn't qualify for them. Fannie and Freddie did a great job of this, in collaboration with community organizing groups like Acorn and community activists like Obama, and together they made sure EVERYONE could get a home loan. What did they care if the borrower could pay it back? The loans were all guaranteed by the government, so Fannie and Freddie were protected. And we are now paying the price for their idiocy.
But there's good news - not only has the Frank/Dodd bill not fixed the problem or punished those involved (Fannie and Freddie), but Obama had Frank/Dodd include within this new bill provisions for 20 newly created government offices to make sure that banks give a certain amount of loans to minorities and women and under privileged borrowers.
Sure sounds like what has led to the current financial crisis created when Frank/Dodd and the Democrats in Washington required banks to give loans based on race, creed, gender, status, anything other than financial ability to pay it back.
The new Frank/Dodd bill proposes to regulate "risky" businesses but does not define "risky." Oh, gosh, I guess the definition of "risky" will be left up to the White House and regulators sitting in an Ivory Tower somewhere in the bowels of Washington.
The new bill proposes to regulate businesses "too big to fail" but does not define "too big to fail." Oops, another decision made by a political appointee, another opportunity for them to "pay off" contributors and supporters.
The new bill is loaded with provisions that cater to the unions and special interest groups. It creates new funding and employment opportunities for community action groups like fraudulent Acorn. Could this be a "pay off" for getting out the fraudulent, illegal votes that put the Obama Horror Show in power?
It establishes a Financial Stability Oversite Council that will have the power to punish ANY COMPANY it deems too big to fail - not just banks. Bail-outs will no longer have to go through Congress and be approved by our ELECTED representatives. The President and Secretary of the Treasury will now get to decide, and BOOM, your company is history - it's now under government control. And YOU cannot stop it!
American farms will be destroyed by certain parts of this bill. Check it out yourself. Google it. Farm costs will skyrocket. We will have to import much more of our food from countries who do not have the same bans on chemical use or the same strict processing standards that we have. We won't know what we are ingesting or what's in it.
Oh, I almost forgot. The two business that were directly responsible for the mess we are in, Fannie and Freddie, are not mentioned in the Financial Reg. bill at all. Yep, that's right, they are exempt from all provisions of the 2300 pages. Wow, another payoff because Fannie and Freddie contributed heavily to the Obama campaign.
So what doesn't Washington understand? Unions, taxes, excessive regulations all contribute to stifling the economy. Jobs disappear, housing dies, and here we go again. With an unemployment rate steady at 9.6% we cannot afford more job loss, but that's what we will get.
Congratulations, Congress, you just took another step closer to complete irrelevance for you. And congratulations, Obama, you rammed another bill through that will further destroy the greatest country on earth.
2012 should be the REPEAL IT NOW year, and I can hardly wait!!
So what does the bill do?
Well, first of all, the bill does not inspire confidence when Obama "thanks" two crooks directly responsible for the financial meltdown, Barny Frank and Chris Dodd. Oh, yes, they were responsible for drafting this monstrosity, and they were also directly responsible for orchestrating the collapse of our economy.
And guess what Barney Frank said after the bill was passed? "We won't know if it will work until we have another disaster." Boy, that sure elicites confidence, doesn't? The same people who got us into this mess don't know whether 2300 pages of regulation will work?
A number of years ago Dodd and Frank forced through legislation that required Fannie Mae and Freddie Mac (government backed lenders) to give loans to borrowers who didn't qualify for them. Fannie and Freddie did a great job of this, in collaboration with community organizing groups like Acorn and community activists like Obama, and together they made sure EVERYONE could get a home loan. What did they care if the borrower could pay it back? The loans were all guaranteed by the government, so Fannie and Freddie were protected. And we are now paying the price for their idiocy.
But there's good news - not only has the Frank/Dodd bill not fixed the problem or punished those involved (Fannie and Freddie), but Obama had Frank/Dodd include within this new bill provisions for 20 newly created government offices to make sure that banks give a certain amount of loans to minorities and women and under privileged borrowers.
Sure sounds like what has led to the current financial crisis created when Frank/Dodd and the Democrats in Washington required banks to give loans based on race, creed, gender, status, anything other than financial ability to pay it back.
The new Frank/Dodd bill proposes to regulate "risky" businesses but does not define "risky." Oh, gosh, I guess the definition of "risky" will be left up to the White House and regulators sitting in an Ivory Tower somewhere in the bowels of Washington.
The new bill proposes to regulate businesses "too big to fail" but does not define "too big to fail." Oops, another decision made by a political appointee, another opportunity for them to "pay off" contributors and supporters.
The new bill is loaded with provisions that cater to the unions and special interest groups. It creates new funding and employment opportunities for community action groups like fraudulent Acorn. Could this be a "pay off" for getting out the fraudulent, illegal votes that put the Obama Horror Show in power?
It establishes a Financial Stability Oversite Council that will have the power to punish ANY COMPANY it deems too big to fail - not just banks. Bail-outs will no longer have to go through Congress and be approved by our ELECTED representatives. The President and Secretary of the Treasury will now get to decide, and BOOM, your company is history - it's now under government control. And YOU cannot stop it!
American farms will be destroyed by certain parts of this bill. Check it out yourself. Google it. Farm costs will skyrocket. We will have to import much more of our food from countries who do not have the same bans on chemical use or the same strict processing standards that we have. We won't know what we are ingesting or what's in it.
Oh, I almost forgot. The two business that were directly responsible for the mess we are in, Fannie and Freddie, are not mentioned in the Financial Reg. bill at all. Yep, that's right, they are exempt from all provisions of the 2300 pages. Wow, another payoff because Fannie and Freddie contributed heavily to the Obama campaign.
So what doesn't Washington understand? Unions, taxes, excessive regulations all contribute to stifling the economy. Jobs disappear, housing dies, and here we go again. With an unemployment rate steady at 9.6% we cannot afford more job loss, but that's what we will get.
Congratulations, Congress, you just took another step closer to complete irrelevance for you. And congratulations, Obama, you rammed another bill through that will further destroy the greatest country on earth.
2012 should be the REPEAL IT NOW year, and I can hardly wait!!
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