I have no doubt, that these two amazing American heros are trying to be silenced by our own party....get that straight, from the get go, because the great' graveyard of where all the Wall Street Banks and in the midst of being allowed to finish off, what is left of the housing markets in America is front and center...Freddie and Fannie Mac. Want to know where the secret Maiden Lane Accounts are ending in? Stop being so fucking naive....
Of course, none of this is being reported on the MSN news....it is much more important that Lindsay Lohan got our of jail, and of course, Bristol Palin is going to be 'Dancing on the Stars' rather than we can see what is really going on in our nation.
Freddie and Fannie Mac, has become the new ultimate 'fuck Americans to the max' on 'our dime' ....we are not only paying for the taxes on these lost properties, but to pay the utilities, for months, but that is just the tip of the iceberg. Freddie and Fannie has become the ultimate 'Elephant Republican Blue Dog Graveyard' that they hope, no one really takes a good look at.
http://
Freddie and Fannie has become the ultimate hidden place where Ben Bernanke and the biggest 5 Banks, are all dumping their toxic debts, but hey, don't look behind the man behind the curtain...
'Over there'......................no matter what you do, because what you will find in what Congressman Grayson has already figured out and of course Elizabeth Warren did a long time ago, both are true American hero's for the middle class that is being sucked dry. We may not remember the Christmas Eve notice that Treasurer, Timothy Geithner gave a few years ago, and lifted the cap.....with no endless sight in the near future for our 'purchasing' of Freddie and Fannie....which was originally $400 billion, but now....it is highly clear, what is really going on.....Freddie and Fannie has become the ultimate, blank check, that is exactly what the Federal Reserve, Bernanke, and the Wall Street Crooks have decided to 'use' and a way to put an ATM MACHINE, into the very arms of Americans, like a drip strip in our veins...(Oh yeah, we own AIG, only we are not privy to that information either).....
But even that has not been enough, instead, they have hired the same 'high geared, liar loans assholes, who cannot and will not unwind the loans, or provide any proof of the fake credit default loan-a-rammas- that Goldman Sachs, and JP Morgan, and so many banks defaulted our entire economy and got the fuck away with it.......
Which is a high geared saw mill of exactly what Wall Street has been getting away with along with the Liar Loans, that are now in full tilt boogie mode...................
Here is the letter, that perhaps, the one gosh Congressman, Alan Grayson, a Congressman with Guts, who has had enough of the crooks and liars.... except for Elizabeth Warren, who understands, what is really going on:.
It was not enough that they destroyed our nation, but take a look at this letter and truly understand, not just that 'nothing has changed' but AG Holder, is still sitting on his ass, doing nothing at all for the American people being thrown out of their homes:
September 24, 2010
Michael J. Williams
President and Chief Executive Officer
Fannie Mae
3900 Wisconsin Avenue, N.W.
Washington, D.C. 20016
Dear Mr. Williams,
We are disturbed by the increasing reports of predatory 'foreclosure mills' in Florida working for Fannie Mae servicers. Foreclosure mills are law firms representing lenders that specialize in speeding up the foreclosure process, often without regard to process, substance, or legal propriety. According to the New York Times, four of these mills are both among the busiest of the firms and are under investigation by the Attorney General of Florida for fraud. The firms have been accused of fabricating or backdating documents, as well as lying to conceal the true owner of a note.
Several of the busiest of these mills show up as members of Fannie Mae's Retained Attorney Network, a set of legal contractors on whom Fannie relies to represent its interests as a note-holder. The network also serves as a pool of legal talent that represents Fannie in its pre-filing mediation program, a program designed to facilitate communication between borrowers and servicers prior to foreclosure. In other words, Fannie Mae seems to specifically delegate its foreclosure avoidance obligations out to lawyers who specialize in kicking people out of their homes.
The legal pressure to foreclose at all costs is leading to a situation where servicers are foreclosing on properties on which they do not even own the note. This practice is blessed by a legal system overwhelmed with foreclosure cases and unable to sort out murky legal details, and a set of law firms who mass produce filings to move foreclosures as quickly as possible. At the very least, we would encourage you to remove foreclosure mills under investigation for document fraud from the Fannie Mae's Retained Attorney Network. We also believe that Fannie should have guidelines allowing servicers to proceed on a foreclosure only when its legal entitlement to foreclose is clearly documented. In addition, these charges raise a number of questions for us about the foreclosure process as it pertains to Fannie Mae's holdings.
Why is Fannie Mae using lawyers that are accused of regularly engaging in fraud to kick people out of their homes? Given that Fannie Mae is at this point a government entity, and it is the policy of the government that foreclosures are a costly situation best avoided if there are any lower cost alternatives, what steps is Fannie Mae taking to avoid the use of foreclosure mills? What additional steps is Fannie Mae going to take to ensure that foreclosures are done only when necessary and only in accordance with recognized law? How do your servicer guidelines take into account the incentives for fraud in the fee structure of foreclosure attorneys and others engage in the foreclosure process? What mechanisms do you employ to monitor legal outsourcing?
We look forward to your responses and to understanding more about these disturbing dynamics in future hearings.
Sincerely,
Alan Grayson Barney Frank Corrine Brown
Member of Congress Member of Congress Member of Congress
I love that last sentence:
Disturbing dynamics. All that tells me, is that more and more people are not only being illegally thrown out of their homes, to pay for what Wall Street/the Banks got away with, but I happen to have followed just how may cities in America are now nearly 60 to 70 percent underwater in their property values.
We like to think of this, as 'not the rest of us baby boomers' who were depending upon the equity in our homes, that we paid for in the past 20-30 years for our own retirement, which is.......gone baby, gone. But in fact, that is not the case. It was not just the 'bubble' that Greenspan/Bernanke pretended were not happening, it is in fact, that equity, of property values throughout our nation that are being rapidly depleted.
Many of us boomers, were not.....irresponsible. We paid our mortgages, we paid our bills, we tried with all our hearts, to give our children and grandchildren, a tiny piece of the American Dream....but this is the reality folks as much as I hate to admit it:
You think BP was a disaster? Well, think again, because this is why our young and most hopeful are being killed, daily in the endless wars, that have no jobs, that have been sold overseas, because they are being forced into the 'volunteer military' what I call i silent 'draft' by both parties:
As U.S. Troops Move Out Of Iraq, Oil Companies Move In
By BRIAN WINGFIELD
In a prime-time television address Tuesday night, President Obama will speak about U.S. troop reduction and the end of combat operations in Iraq. About 50,000 American soldiers are expected to remain in Iraq until the end of next year. But as the troops move out, the oil companies are moving in. According to a July report from the U.S. government’s Special Inspector General for Iraq Reconstruction, oil production in Iraq is currently about 2.4 million barrels per day. The goal, by 2017 is to produce 12 million barrels per day. That’s quite a leap, especially since average production levels have held steady for more than two years. It’s going to a take a lot of investment to expand production by 10 million barrels per day.
How much? That’s anybody’s guess. For example, in January, ExxonMobil signed an agreement to redevelop and expand an oil field in southern Iraq. A company spokeswoman says that "total field capital expenditure will depend on full project scope," which is currently being examined. There’s a pile of oil money pouring into Iraq right now. Since last year, the Iraqi government has awarded 11 development deals to various consortia. BP and China National Petroleum Corp. are developing the enormous Rumaila field, which has a total proven reserves of about 18 billion barrels. Other companies winning awards include Royal Dutch Shell (working with ExxonMobil on one project and Malaysia’s Petronas on another), France’s Total SpA, Angola’s Sonangol, Italy’s Eni SpA, Russia’s Lukoil and China National Offshore Oil Corp. The signature bonuses to be paid by the consortia are anywhere from $100 million to $500 million.
More investment is on the way. Iraq’s oil ministry is planning to build four new refineries that will nearly double the country’s refining capacity. Oil services firms like Weatherford International and Schlumberger are expanding their operations in the country. Earlier this month Halliburton won a deal to drill 15 wells in the Basra province in southern Iraq, though the financial terms have not been disclosed. If development goes as planned, rebuilding Iraq’s oil sector could be a highly profitable investment for these companies over the long-term. According to the U.S. Energy Information Administration, Iraq has the third largest proven oil reserves in the world (after Saudia Arabia and Canada). In 2008, oil exports accounted for nearly 90% of the country’s revenues. But a lot could go wrong. Although Iraq’s most recent round of national elections were in March, the country’s leaders haven’t been able to form a coalition government. Already there have been several attacks on protected pipelines this year. The price of oil is fickle. (For example, in 2008 Iraq’s oil revenue was $62 billion, according to the State Department; last year, it was$39 billion). In addition, U.S. oil companies are facing tax hikes at home that could affect overall profitability. Nonetheless, the rush is on for Iraqi oil.
http://blogs.forbes.com/...
Still wondering why President Obama did not press for the Senate Democrats, to demand the end of the Bush Tax Extensions? Still wondering why the Banks are sitting on the money, and along with Wall Street, so that American cannot move forward?
Still wondering why idiots like Christine O'Donnell and all the Sarah Palin Clones are getting closer and closer, to taking over our nation?
I don't. I get it big time.
President Obama was handed the biggest 'Shit Sandwich' on Toast in all of American history.
He did the best he could, but he 'bunted' to home plate, instead of hitting a home run, and that was where he made his own mistake.
There is not one American, that I've talked to in the past three months, that have all told me the same thing, despite the fact, that I have (fool that I am) begged them, to understand the ramifications, of listening to the bullshit of the new 'PLEDGE TO AMERICANS' crap, and behind that of course is the 'tea party' fake Karl Rove, Koch Brothers, Christian Right, Dick Face Army bullshit..............
President Obama, surrounded himself with the Clintonistas....that gave him the absolute worse advice. But let us not pretend, that he did not have a choice of picking the greatest and the brightest of all....
Now there will be a 'huge shake up'................supposedly. Larry Summers is leaving? Who cares....he slept though most of the past two years, Geithner and Bernanke, are deeply in the pockets of Wall Street, only now.............
Low and behold, they all being replaced by Obama....what a fucking surprise......Rahm is leaving? Who the fuck cares? Axelrod is leaving, good. It is the mindset, that mattered most, and that has not changed at all.
WE sent President Obama to Washington, to hire the best minds and hearts, in our nation, to bring in 'new blood' to bring in new ideals, and time and time again, he did one thing:
He played it 'safe'...................when he told us all, that we needed 'bold change, that this was a time of deep urgency of change'.... we found out that Peter Peterson and Alan Simpson, and All the 'other' Bernanke's and Geithner's were 'his' idea of 'reaching across the isle,' that ultimately lead our own party into the most fragmented civil war, but not because of President Obama.........because it was a continuation of Clinton's policies.
The greatest stronghold of the Democratic party, has been, and shall always be, no matter who we elect as our President is this:
We are the party of the really big tent....we encompass, the poor, the straight, the gays, the Unions, the very people' that the Repulicans ignored, yet somehow, with Clinton and now Obama, we have been forced into a morphing of 'corporatism' that I feel, has left the original Democratic Platform, high and dry and forgotten.....
The problem is this:
That party, our party, has not forgotten those precepts. And perhaps, that is all that we have left at this point.
The time for President Obama 'playing it safe' is way past due. He had his honeymoon and now that it is over. He is going to have to show who he really is as a true leader, and re-brace 'Candidate Obama' or, he is going to be eaten alive, by the Republican Tea Party crazies.
This is a defining moment in his one last opportunity, but you know what? i still think he has in it in him.
I really do. He just needs to dig down deep, and stop listening to all the bullshit, and once again, believe in those people that elected him and remember, why we sent him to do the job we wanted him to.
Does he have the balls and courage to do that? I am not sure, but I hope to think, the best is yet to come.
We have so much to lose, if the Republicans take over again, but then again, I keep asking myself this same question....
Whose side is President Obama on? Are they all on the same side, or is that just a dream I thought I once had.
Thanks as always....just saying...