Privatize profits, socialize losses. Brilliant sham.If you haven't seen this yet you ought to check it out: 'Mortaging America's future for a quick buck. Why NY Governor Eliot Spitzer was assassinated: The predatory lending industry had a partner in the White House. "The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders.While the international credit system grinds to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House.Yet when salacious details were leaked about alleged details of Spitzer's private sex life, they took that information and made it the front page news for weeks on end ad nauseam. <a class="user" href="http://www.brasschecktv.com/page/291.html">http://www.brasschecktv.com/page/291.html</a>To the 9/11 fiasco, the Iraq War sham, the travesty of the federal response to Hurricane Katrina, and the shredding of the US Constitution, we can now add a deliberate and reckless undermining of the credit and banking system of the US to its list of "accomplishments."..Predatory Lenders' Partner in Crime - How the Bush Administration Stopped the States From Stepping In to Help Consumers: <a class="user" href="http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783_pf.html">http://www.washingtonpost.com/wp-dyn/content/artic ...</a>"Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many sub prime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers."/etcNo mystery why this guy was "investigated", mercilessly smeared and taken down."mission accomplished"..Yet all we heard from the joke of a controlled MSM was Spitzers sex life ad nauseam on all channels + cable for weeks on end. Yet no mention of the REAL reason he was publicly assassinated right.<a class="user" href="http://www.nowpublic.com/world/real-spitzer-story">http://www.nowpublic.com/world/real-spitzer-story</a>Do you think it's a "coincidence' that a Bush was involved the last time the US banking industry fell into a black whole because of White House-facilitated fraud?There's actually a lot of money to be made blowing up banks. Here's how Bush Sr. and his friends in the Mafia and CIA profited from it the last time aka: 'the Savings and Loan Scandal': <a class="user" href="http://www.brasschecktv.com/page/411.html">http://www.brasschecktv.com/page/411.html</a>No external enemy, or group of external enemies, could have done as much harm to the nation as this group has in less than eight years.
ronpaulnewsNov 21, 2008Submitter
Pt 2: <a class="user" href="http://www.youtube.com/watch?v=7CZIi-sZlus">http://www.youtube.com/watch?v=7CZIi-sZlus</a>
governmentsp00kNov 24, 2008
Privatize profits, socialize losses. Brilliant sham.If you haven't seen this yet you ought to check it out: 'Mortaging America's future for a quick buck. Why NY Governor Eliot Spitzer was assassinated: The predatory lending industry had a partner in the White House. "The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders.While the international credit system grinds to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House.Yet when salacious details were leaked about alleged details of Spitzer's private sex life, they took that information and made it the front page news for weeks on end ad nauseam. <a class="user" href="http://www.brasschecktv.com/page/291.html">http://www.brasschecktv.com/page/291.html</a>To the 9/11 fiasco, the Iraq War sham, the travesty of the federal response to Hurricane Katrina, and the shredding of the US Constitution, we can now add a deliberate and reckless undermining of the credit and banking system of the US to its list of "accomplishments."..Predatory Lenders' Partner in Crime - How the Bush Administration Stopped the States From Stepping In to Help Consumers: <a class="user" href="http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783_pf.html">http://www.washingtonpost.com/wp-dyn/content/artic ...</a>"Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many sub prime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers."/etcNo mystery why this guy was "investigated", mercilessly smeared and taken down."mission accomplished"..Yet all we heard from the joke of a controlled MSM was Spitzers sex life ad nauseam on all channels + cable for weeks on end. Yet no mention of the REAL reason he was publicly assassinated right.<a class="user" href="http://www.nowpublic.com/world/real-spitzer-story">http://www.nowpublic.com/world/real-spitzer-story</a>Do you think it's a "coincidence' that a Bush was involved the last time the US banking industry fell into a black whole because of White House-facilitated fraud?There's actually a lot of money to be made blowing up banks. Here's how Bush Sr. and his friends in the Mafia and CIA profited from it the last time aka: 'the Savings and Loan Scandal': <a class="user" href="http://www.brasschecktv.com/page/411.html">http://www.brasschecktv.com/page/411.html</a>No external enemy, or group of external enemies, could have done as much harm to the nation as this group has in less than eight years.
jazliveNov 25, 2008
It was stolen ~ we did not vote for turning the USA into the Thunderdome.