Shivs You Can Believe In

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  • Posted By: cani77 @ 10/12/2008 5:24:34 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/12/2008 5:24:24 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: Bluegrass Woman @ 10/12/2008 5:12:17 PM

    Where do all the idiots get their "truth". Also, why would people get upset because of Senator Obama's middle name? He didn't name himself....his white Kansas mother named him. Are we, also, to be afraid of every white man named Adolph?

  • Posted By: HolyRoller @ 10/12/2008 4:30:40 PM

    just released....truth about lawsuit to determine Hussein eligibility......

    http://mx.youtube.com/watch?v=gA6_k3NtXZs

    NOBAMA!!!

  • Posted By: Nowforthetruth @ 10/12/2008 1:31:36 AM

    This link of a CSPAN video may help set the context, as these hearings were at the time of McCains attempt at S.190.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    • Posted By: max in fl @ 10/12/2008 2:17:52 AM

      nowforthetruth

      You are missing the point or I'm not getting yours. It's true he spoke, even though it was Sen Hagel who should have because it was HIS bill. A bill that McCain did not cosponsor until AFTER the bill was sent back to get an amendment. So as impressive as McCain was to YOU, s190 was NOT in play so what WAS he trying to accomplish?

      The new bill reintroduced by Sen Hagel s1100 2007 was NOT cosponsored by McCain so why should I be impressed with what he said, when didn't bother to cosponsor 2nd bill it when it was reintroduced. Is he waiting for the bill to be returned again. See for yourself.

      S.190
      Title: A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.
      Sponsor: Sen Hagel, Chuck [NE] (introduced 1/26/2005) Cosponsors (3)
      Latest Major Action: 7/28/2005 Senate committee/subcommittee actions. Status: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
      --------------------------------------------------------------------------------
      COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort: by date)
      Sen Dole, Elizabeth [NC] - 1/26/2005 Sen McCain, John [AZ] - 5/25/2006
      Sen Sununu, John E. [NH] - 1/26/2005

      S.1100
      Title: A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.
      Sponsor: Sen Hagel, Chuck [NE] (introduced 4/12/2007) Cosponsors (3)
      Latest Major Action: 4/12/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
      --------------------------------------------------------------------------------
      COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort: by date)
      Sen Dole, Elizabeth [NC] - 4/12/2007 Sen Martinez, Mel [FL] - 4/12/2007
      Sen Sununu, John E. [NH] - 4/12/2007

      MAJOR ACTIONS:
      ***NONE***


      --------------------------------------------------------------------------------
      ALL ACTIONS:
      4/12/2007:
      Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

      http://thomas.loc.gov/cgi-bin/bdquery/D?d110:20:./temp/~bdMziv:@@@P|/bss/110search.html|

  • Posted By: Nowforthetruth @ 10/11/2008 10:51:00 PM



    2000: Secretary Summers sent Undersecretary Gary Gensler to Congress seeking an end to the "special status". Democrats raised a ruckus as did Fannie and Freddie, headed by politically connected CEO's who knew how to reward and punish. "We think that the statements evidence a contempt for the nation's housing and mortgage markets" Freddie spokesperson Sharon McHale said. It was the last chance during the Clinton era for reform.

    2001: Republicans try repeatedly to bring fiscal sanity to Fannie and Freddie but Democrats blocked any attempt at reform; especially Rep. Barney Frank and Sen.Chris Dodd who now run key banking committees and were huge beneficiaries of campaign contributions from the mortgage giants.

    2003: Bush proposes what the NY Times called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago". Even after discovering a scheme by Fannie and Freddie to overstate earnings by $10.6 billion to boost their bonuses, the Democrats killed reform.

    2005: Then Fed chairman Alan Greenspan warns Congress: "We are placing the total financial system at substantial risk". Sen. McCain, with two others, sponsored a Fannie/Freddie reform bill and said, "If congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole". Sen. Harry Reid accused the GOP ;of trying to "cripple the ability of Fannie and Freddie to carry out their mission of expanding homeownership" The bill went nowhere.

    2007: By now Fannie and Freddie own or guarantee over HALF of the $12 trillion US mortgage market. The mortgage giants, whose executive suites were top-heavy with former Democratic officials, had been working with Wall St. to repackage the bad loans and sell them to investors. As the housing market fell in '07, subprime mortgage portfolios suffered major losses. The crisis was on, though it was 15 years in the making.

    2008: McCain has repeatedly called for reforming the behemoths, Bush urged reform 17 times. Still the media have repeated Democrats' talking points about this being a "Republican" disaster. A few Republicans are complicit but Fannie and Freddie were created by Democrats, regulated by Democrats, largely run by Democrats and protected by Democrats. That's why taxpayers are now being asked for $700 billion!!
    -----------------------------------------------------------------------------------------
    Posted elsewhere by: BryanW (October 7, 2008 at 5:14 PM)

    • Posted By: max in fl @ 10/12/2008 1:26:02 AM

      Nowforthetruth

      Two reasons CRA is NOT responsible for the foreclosure crisis:

      1. CRA loans are responsible loans that meet strict underwriting. Loans that qualify for CRA credit are often prime loans with fixed rates and consequently, have good performance records. Banks that have made mortgages to low- and moderate-income borrowers to fulfill their CRA obligations have found default rates pleasantly low and have fewer foreclosures on their books. Not surprisingly, these banks were significantly less likely to offer subprime loans.

      2. Approximately half of all subprime loans were originated by brokers or financial institutions not subject to CRA requirements. It is hard to blame CRA for the mortgage meltdown when CRA does not even apply to most of the loans that are behind it. In fact, only one in four subprime loans were made by institutions fully governed by CRA. Independent mortgage companies, which are not covered by CRA, made high-priced loans at more than twice the rate of the banks and thrifts.

      • Posted By: max in fl @ 10/12/2008 1:28:00 AM

        nowforthetruth

        two more reasons;

        3. Fewer CRA loans have been made in the past several years. 2006 data demonstrates that while both subprime and minority lending increased, CRA loan market share declined significantly during the same period of time. CRA was passed in 1977 and the explosive growth in subprime lending occurred more than two decades later, nearly doubling from 2001-2006 alone. No major changes to CRA were enacted during this time. In fact, in late 2004, the Bush Administration sharply weakened CRA regulations, pulling small and mid-sized banks out from under the law's toughest standards. Nonetheless, subprime lending continued, and even intensified at the very time when activity under CRA had slowed and the law had weakened.

        4. Alt-A loans, which are highly unlikely to be CRA loans, are fueling the next wave of foreclosures and could further delay economic recovery. Alt-A loans, which tend to be between those of prime and subprime home loans, were given to borrowers with decent credit but typically required little or no proof of a borrower's income. Almost 16% of securitized Alt-A loans issued since January 2006 are at least 60 days late, according to Bloomberg. RealtyTrac predicts that defaults will accelerate next year and through 2011 as Alt-A loans hit their three- and five-year reset periods. Freddie Mac claims that 10% of its portfolio consists of Alt-A loans totaling $190 billion, which are responsible for 50% of their 2008 second quarter losses.

        Conclusion: What really happened?

        Most analysts agree that the subprime crisis is a result of greed and poor regulation. Lenders approved risky adjustable-rate mortgages, often without considering whether borrowers could afford them; investors bought them in securitized form; and regulators did nothing. This model worked until the bubble burst and housing prices declined. The worst offenders, the independent mortgage companies, were never subject to CRA or any federal regulator for that matter. In short, CRA didn't make them lend; profit motive did.

        http://acorn.org/index.php?id=12439&tx_ttnews[pointer]=1&tx_ttnews[tt_news]=22349&tx_ttnews[backPid]=12386&cHash=a880ab947f

  • Posted By: Nowforthetruth @ 10/12/2008 1:08:05 AM

    max in fi: If you haven't heard this, you should refresh your memory.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

  • Posted By: Nowforthetruth @ 10/11/2008 7:55:12 PM

    Lou Dobbs reports on ACORN corruption and ties to Obama, including Obama Campaign paying ACORN $800,000 for voter registration activities.

    http://www.cnn.com/video/#/video/bestoftv/2008/10/09/ldt.tucker.acorn.under.fire.cnn

    The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See: Wall Street Journal

    http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

    • Posted By: max in fl @ 10/11/2008 10:49:54 PM

      nowforthetruth

      The news has looked on the activities for some problem canvassers and wants the public to believe that is the whole organization. Not enough news has shed light on the I believe its 3 of 9 US Attorneys that were fired by Bush for not bringing up baseless charges against ACORN.


      Based on the fact that ACORN has registered 1.3 million new voters, the fraudulent cards represent less that .009%. I didn't include the ones that ACORN looked up and found out that they were DROPPED from the system without being notified. Here are some interesting facts;

      1. In order to help 1.3 million people register to vote, we hired more than 13,000 registration assistance workers. As with any business or agency that operates at this scale, there are always some people who want to get paid without really doing the job, or who aim to defraud their employer. Any large department store will have some workers who shoplift.

      2. Any large voter registration operation will have a small percentage of workers who turn in bogus registration forms, Their goal clearly is not to cast a fraudulent vote. It is simply to defraud their employer, ACORN, by getting a paycheck without earning it. ACORN is the victim of this fraud ??? not the perpetrator.

      3. In nearly every case that has been reported , it was ACORN that discovered the bad forms, and called them to the attention of election authorities, putting the forms in a package that identified them in writing as suspicious, encouraging election officials to investigate, and offering to help with prosecutions. We are required by law to turn in all forms, but instead of just turning them in and figuring that it is the responsibility of the board of elections to figure out which are valid, we spend millions of dollars verifying that forms are valid, and then separate out those that are suspicious.

      • Posted By: max in fl @ 10/12/2008 12:57:13 AM

        correction less than .2%

    • Posted By: max in fl @ 10/11/2008 10:44:27 PM

      nowforthetruth

      "For more than a decade, ACORN members have held protests, released reports, and advocated for regulations to protect homeowners from predatory lenders. ACORN organizers and volunteers have been working day and night to help victims of the GOP economic meltdown to save their homes from foreclosure. In fact, ACORN has brought class action lawsuits against several predatory lenders, and has lobbied the Federal Reserve and Congress in support of regulations against predatory lending. ACORN has even been successful in convincing many lenders to treat homeowners more fairly and help families be able to make their mortgage payments and save their homes.

      "Unfortunately, the Bush administration and Congressional Republicans like John McCain have blocked the sensible regulations that ACORN and others proposed that would have averted the mortgage meltdown. If John McCain thinks that community organizers caused the foreclosure crisis, he knows even less about the economy than previously thought.

      http://acorn.org/index.php?id=12439&tx_ttnews[tt_news]=22385&tx_ttnews[backPid]=12346&cHash=b09aaa9156

  • Posted By: Nowforthetruth @ 10/11/2008 10:48:39 PM



    Even Bill Clinton points to liberal Congressional Democrats??? protection of Fannie and Freddie from scrutiny as a primary cause of the current economic meltdown.

    http://www.youtube.com/watch?v=XsynspIqAoE

    The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.

    http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

    Then there is the Senate Banking Committee Chairman Christopher J. Dodd who allegedly got special mortgage deals from Countrywide, who gave preferential rates to 'friends' of company's chairman.

    http://www.msnbc.msn.com/id/25140560/

    For an interesting article purporting to detail the House Financial Services Committee Chairs long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx

    "House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."

    The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See:

    http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

    And then there is House Speaker Nancy Pelosi, who allegedly has directed nearly $100,000 from her political action committee to her husband's real estate and investment firm.

    http://www.washtimes.com/news/2008/oct/01/pelosis-pac-pays-bills-for-spouses-firm.

    See also:
    http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

    http://en.wikipedia.org/wiki/Community_Reinvestment_Act

    http://article.nationalreview.com/print/?q=M2QwNDhkZTg2OGYzZjkzM2E2NDEwM2U5OGVkNTc0YzU=

    http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63

    http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

    http://www.businessandmedia.org/printer/2008/20080924145932.aspx

    http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080926

    http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

    And where is the article about Joe Bidens longstanding relationship with the credit card industry lobby? Is that what you call looking out for the middle class?

    • Posted By: max in fl @ 10/12/2008 12:42:07 AM

      nowforthetruth

      By the way, this is an issue Republicans probably won't hit Biden on because they're as much in the same industry's pocket as he is, and McCain always loved the bankruptcy bill, too.

      I raised an eyebrow, and then my wine glass, when I heard Barack Obama drop the following little morsel into his acceptance speech Thursday night at the Democratic National Convention in Denver: "Now is the time to change our bankruptcy laws..."

      Nothing is in a politician's prepared text by accident. Not the 16 words in Bush's State of the Union speech about Iraq buying yellow cake from Niger, and not this bankruptcy item on Barack's economic wish list. One can presume there's been sufficient chatter on the subject, both inside and outside the campaign. Clearly it demanded a shout-out, and got one....from the 50 yard line at Mile High!

      http://www.huffingtonpost.com/jackson-williams/joe-biden-true-friend-of_b_120776.html

      Conclusion; Nice try but you have just pointed out ANOTHER reason not to vote for McCain because a vote for McCain now is simply because you wanted to throw mud on Biden and not a sincere interest in that bankruptcy law that Biden and Republicans voted FOR and Obama voted AGAINST. It also shows that Barack will work with people even if he doesn't agree with them 100%.

      McCain picked a VP that is a maverick just like him and undoubtedly, Palin will agree with him most of the time, so she'll be on par with his maverick record with Bush.

  • Posted By: Nowforthetruth @ 10/11/2008 10:48:51 PM

    max in fl: Really? Lets see. Do Obama and the Democrats deserve a lift in the polls as a result of the financial and mortgage problems, and for supporting their buddys at ACORN? The answer from history is a clear NO. Here's the lead of a New York Times story on September 30, 1999:

    "Fannie Mae Eases Credit To Aid Mortgage Lending" [link below]. That's 1999 folks. Clinton Administration, I believe.

    Here's the lead of a New York Times story on Sept. 11, 2003:

    "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. "[see link below] The Democrats killed the reforms.

    McCain said in co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190:

    "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole. The Democrats killed the Bill.

    What was Barney Frank and fellow Democrats saying at the time of these attempted reforms? According to reports, Representative Barney Frank(D-MA) claimed of the thrifts :

    "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

    Representative Mel Watt (D-NC) added of the reforms "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing." [ See Community Reinvestment Act, link below w/ history]

    • Posted By: max in fl @ 10/11/2008 11:39:47 PM

      nowforthetruth

      "For the last few weeks, Americans have been deluged with polemics from right-wing pundits blaming regulation enacted in 1977 for the financial crisis we find ourselves in today. As today's explosive New York Times article shows, however, the 2004 decision of the Securities and Exchange Commission to eliminate the capital requirements on the major investment houses played the pivotal role in exposing our entire economy to the enormous risk of over-leveraged debt on predatory loans. Theoretically, the S.E.C. was supposed to have new authority for an oversight office to ensure the stability of the balance sheets, but, in a fashion typical of an Administration with outright disdain for oversight and regulation, was asleep at the switch. According to the Times, "Since March 2007, the office has not had a director. And as of last month, the office had not completed a single inspection since it was reshuffled by Mr. Cox more than a year and a half ago." The S.E.C. in effect decided to outsource the oversight to the companies themselves.

      "ACORN continues to be amazed at the gall demonstrated by those who would blame victims of predatory lending and the Community Reinvestment Act for the catastrophic failures of regulation on Wall Street that has led to our current economic crisis. As today's revelations demonstrate, a new era of re-regulation and close scrutiny is urgently needed, especially as American taxpayers prepare to foot the bill for Wall Street's misdeeds while getting no help to escape predatory mortgages. Although the S.E.C. has belatedly repealed its erroneous 2004 decision, far more regulation and oversight is needed. One particular policy that will do wonders to clean up Wall Street is "assignee liability", which will ensure that the behemoths that finance predatory loans are as responsible for the damages as the unscrupulous brokers that peddle them in our neighborhoods. Sarah Palin and Joe Biden both talked last night about the "green and corruption on Wall Street", and we hope they will embrace this necessary change to really reform Wall Street and get our economy back on track."

      http://acorn.org/index.php?id=12439&L=0%3Fid%3D8144%22%20onfocus%3D%22blurLink%28this%29%3B&tx_ttnews[tt_news]=22360&tx_ttnews[backPid]=12386&cHash=f722630fc8

    • Posted By: max in fl @ 10/11/2008 11:25:12 PM

      nowforthetruth

      Here we go again

      S.190
      Title: A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.
      Sponsor: Sen Hagel, Chuck [NE] (introduced 1/26/2005) Cosponsors (3)
      Latest Major Action: 7/28/2005 Senate committee/subcommittee actions. Status: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
      --------------------------------------------------------------------------------
      COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort: by date)
      Sen Dole, Elizabeth [NC] - 1/26/2005 Sen McCain, John [AZ] - 5/25/2006
      Sen Sununu, John E. [NH] - 1/26/2005

      MAJOR ACTIONS:
      ***NONE***


      --------------------------------------------------------------------------------
      ALL ACTIONS:
      1/26/2005:
      Sponsor introductory remarks on measure. (CR S599-600)
      1/26/2005:
      Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
      7/28/2005:
      Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

      http://thomas.loc.gov/cgi-bin/bdquery/z?d109:SN00190:@@@L&summ2=m&#rel-bill-detail

      You were saying the democrats killed the bill, no the only thing killed is your arguement, No major action and the bill was returned on 7/28/05 and here McCain jumped in for the rescue in 5/25/06. McCain does it again. It reminds me of the surge Bush recommended, why take Bush's credit, he doesn't have any to spare.

  • Posted By: max in fl @ 10/11/2008 10:52:58 PM

    nowforthetruth

    more facts about ACORN;

    4. This has nothing to do with ???voter fraud??? ??? nothing at all to do with anyone trying to cast an extra vote. There has never been a single reported instance in which bogus registration forms have led to anyone voting improperly. To do that, they would have to show up at the polls, prove their identity as all first-time registrants must, and risk jail. The people who turned in these forms did so not because they wanted an extra vote, but because they didn???t care enough to make sure eligible people got to vote at all.

    5. When a department store calls the police to report a shoplifting employee, no one says the department store is guilty of consumer fraud. But for some reason, when ACORN turns voter registration workers over to the authorities for filling out bogus forms, it gets accused of ???voter fraud.??? This is a classic case of blaming the victim; indeed, these charges are outrageous, libelous, and often politically motivated.

    6. Similar attacks were launched against ACORN and other voter registration organizations in 2004 and 2006. The bogus charges were at the heart of the U.S. Attorney-gate scandal that led to the resignations of Karl Rove, Attorney General Ablerto Gonzales and other top Justice Department Officials. It turned out that it was the charges that were fraudulent, and that they were part of a systematic partisan agenda of voter suppression. Republican U.S. Attorneys David Iglesias (NM), Todd Graves (MO), and John McKay (WA) all were fired primarily because they refused to prosecute similar bogus charges of ???voter fraud.??? Another U.S. Attorney, Bradley Schlozman, who did politicize prosecutions against former ACORN canvassers, was forced to acknowledge under cross examination by the Senate Judiciary Committee that ACORN was the victim of fraud by its employees and ACORN had caught the employees and had identified them to law enforcement.

    7. The goals of the people orchestrating these attacks are to distract ACORN from helping people vote and to justify massive voter suppression. That???s the real voter fraud; the noise about a small fraction of the forms ACORN has turned in is meant to get the press and public take their eyes off the real threat, while those hurling the charges are stealing people???s right to vote in broad daylight. They have already tried to prevent Ohio from registering voters at its early voting sites. In Michigan, they planned to use foreclosure notices to challenge thousands of voters. And if this year is like past years, they are preparing to use this so-called voter fraud to justify massive challenges to voters in minority precincts on Election Day.

    http://acorn.org/index.php?id=12439&tx_ttnews[tt_news]=22384&tx_ttnews[backPid]=12386&cHash=848fccca14

  • Posted By: Nowforthetruth @ 10/11/2008 10:51:21 PM


    1995: Congress, about to change from a Democrat majority to Republican, Clinton orders Robert Rubin's Treasury Dept to rewrite the rules. Robt. Rubin's Treasury reworked rules, forcing banks to satisfy quotas for sub-prime and minority loans to get a satisfactory CRA rating. The rating was key to expansion or mergers for banks. Loans began to be made on the basis of race and little else.

    1997 - 1999: Clinton, bypassing Republicans, enlisted Andrew Cuomo, then Secretary of Housing and Urban Developement, allowing Freddie and Fannie to get into the sub-prime market in a BIG way. Led by Rep. Barney Frank and Sen. Chris Dodd, congress doubled down on the risk by easing capital limits and allowing them to hold just 2.5% of capital to back their investments vs. 10% for banks. Since they could borrow at lower rates than banks their enterprises boomed.

    With incentives in place, banks poured billions in loans into poor communities, often "no doc", "no income", requiring no money down and no verification of income. Worse still was the cronyism: Fannie and Freddie became home to out-of work-politicians, mostly Clinton Democrats. 384 politicians got big campaign donations from Fannie and Freddie. Over $200 million had been spent on lobbying and political activities. During the 1990's Fannie and Freddie enjoyed a subsidy of as musch as $182 Billion, most of it going to principals and shareholders, not poor borrowers as claimed.

    Did it work? Minorities made up 49% of the 12.5 million new homeowners but many of those loans have gone bad and the minority homeownership rates are shrinking fast.

    1999: New Treasury Secretary, Lawrence Summers, became alarmed at Fannie and Freddie's excesses. Congress held hearings the ensuing year but nothing was done because Fannie and Freddie had donated millions to key congressmen and radical groups, ensuring no meaningful changes would take place. "We manage our political risk with the same intensity that we manage our credit and interest rate risks," Fannie CEO Franklin Raines, a former Clinton official and current Barack Obama advisor, bragged to investors in 1999.

  • Posted By: HolyRoller @ 10/11/2008 9:23:13 PM

    Red Diaper Baby hits mainstream. Axlerod is a full-blooded commie.

    NOBAMA!!!

  • Posted By: max in fl @ 10/11/2008 9:07:11 PM

    CHARGES AGAINST AYERS WERE DROPPED AND HE SERVED NO TIME

    1979: Charges Against Ayers Were Dropped Because "The Government's Case Was Based On Illegal Wiretaps." The New York Times reported, "William Ayers was a fugitive, too, for nine of those years, but the Federal charges against him, Miss Dohrn and other members of the revolutionary organization were dropped in 1979, when it was ruled that the Government's case was based on illegal wiretaps." [New York Times, 12/5/80]

    Ayers "Served No Time." "William Ayers: Surrendered and pleaded guilty in 1980 to possession of explosives and served no time. Teaches early childhood development at the University of Illinois." [Boston Globe, 9/19/93]

    Using McCain's litmus test, since McCain was dropped of charges in Keating 5 it should be a dead issue HOWEVER, Ayers who was also dropped of all charges is STILL fair game. McCain HOLDING ON for dear life as if this Ayers smear will help HIM. Step on Ayers so you can be elected well that is change for you.

    Guilt by association, Walter Annenberg received awards from the Republican Party and was so called 'palling around with terrorists' but now Obama is suspect. Since McCain recieved $1,500 are they worried of being accused of accepting money from a foundation that supports terrorist. Walter Annenberg did not think Ayers was a terrorist, UIC did not think he was a terrorist, the Woods Fund he not think he was a terrorist, As a matter of fact;

    Ayers Is A Professor Of Education At UIC. According to his website at UIC, "William Ayers is a school reform activist, Distinguished Professor of Education, and Senior University Scholar at the University of Illinois at Chicago where he teaches courses in interpretive research, urban school change, and youth and the modern predicament. He is the founder of the Center for Youth and Society and founder and co-director of the Small Schools Workshop. A graduate of the Bank Street College of Education and Teachers College, Columbia University, he has written extensively about social justice, democracy and education. His interests focus on the political and cultural contexts of schooling as well as the meaning and ethical purposes of teachers, students, and families." [Ayers UIC Site, Ayers Personal Site, Accessed 5/31/07]

    The republicans want to play time cop to say that the Ayers Obama knew was the Ayers of 1969, IF that was the case it is interesting to see that HARDLY ANYONE in Chicago saw it except for the republican party and their affiliates.



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