Liberty is the opposite of tyranny!

Blogging for Liberty: The 17th Amendment

Before 1913, the Constitution mandated that U.S. senators be appointed by each of the states. This was the best and wisest system, as it eliminated voting FRAUD and a candidate for the Senate did not have to be rich in order to pay for an election campaign.

The 17th Amendment changed all that, and allowed for the direct election of senators by the general population. Senate seats  have now devolved into national popularity contests, and the people elected don’t necessarily represent the interests of there state!

JRD

 

Blogging for Liberty: The Anti-American

Blogging for Liberty: Mussolini Would Be Proud!

The Treasury Department will “temporarily withhold” payments to the nation’s three largest mortgage companies for “failing to comply with the Obama administration’s signature foreclosure-prevention effort,” perhaps finally making good on a 19-month-old threat, Administration officials announced Thursday.

Bank of America, Wells Fargo and JPMorgan Chase, which together service about half of all home loans in the United States,  were said by the OBAMANATION to have “abused homeowners and violated the rules of the Making Home Affordable (MHA) program.”

Obama’s initiative proports to lower monthly payments, reduce loan balances or enable distressed borrowers to sell their homes before they are seized. The OBAMANATION ostensibly plans to accomplish this feat of magic by awarding a series of incentive payments to banks, investors and homeowners when foreclosures are averted.

Of course, our fearless leader is only withholding pay to the three biggest banks, but his message is loud, and the remaining six of the 10 largest mortgage companies that were audited were found to need “moderate improvement” (code for “we know were you live).

The OBAMANATION first identified potential  non-compliance in November 2009, warning the participating companies that those failing to meet their obligations to homeowners under their contracts with the federal government “will be subject to consequences which could include monetary penalties and sanctions.” But the punishment that has been so long in coming may be short-lived: Treasury will return the money it is withholding from the three banks once the banks make the changes the Administration wants. Yes, fascists punish those who fall out of line!

“If they fix the problem, they will get the money,” said Tim Massad, Treasury’s acting assistant secretary for financial stability, during a conference call with reporters. He added that Treasury had conducted 400 “compliance reviews,” but I prefer to call them  just a shakedown cruise.

JRD

 

 

Blogging for Liberty: The Russian revolution of 1917 versus the OBAMANATION of 2008

The Russian revolution of 1917 versus the OBAMANATION of 2008

Russian Revolution:

√  Military was purged of all non-Bolshevik officers

√  All Russian banks nationalized

√  Control of the factories given to the soviets

√  Wages were fixed at higher rates than during the war

√  Private bank accounts confiscated

√  Church’s properties and bank accounts seized

√  All foreign debts were repudiated

 

OBAMATION:

√ Military undergoing attrition of all non-statist officers/enlisted

√  Large banks nationalized

√  Control of auto factories given to unions

√  Minimum wage increased

√ IRS to take money out of bank accounts directly

√  Religious symbols covered during address

√  China is scared!

 

 

Blogging for Liberty: Global Warning is Pure Subterfuge

Global Warning

Sulpher dioxide injected into the stratosphere by Mount Pinatubo on the island of Luzon, in the Philippines, erupted catastrophically in June 1991 after 460 (+/-30) years of inactivity and caused that year a 0.5 degree drop in global temperature for over a year.

What should that tell you? How about the fear of global warming is being used as a political tool of control.

Himalayan glaciers have been retreating since 1780 — some 70 years before the onset of the current post-Little Ice Age warming trend and 100 years before the onset of significant global industrialization; so, retreating glaciers as a sign of man-made global warming is more subterfuge.

During the 20th century, for example, while manmade carbon dioxide emissions steadily increased from about 1940 to 1975, global temperatures cooled.

October, 2008,  Swedish researchers reported that cosmic-ray-caused changes in cloud cover over a five-year period can have 85 percent of the temperature effect alleged to have been caused by nearly 200 years of manmade carbon dioxide emissions. They estimated that the temperature effects of cloud cover during the 20th century could be as much as seven times greater than the alleged temperature effect of 200 years worth of additional carbon dioxide and several times greater than that of all additional greenhouse gases combined. Oh, so that big solar flare that occurred on the 7th of June, 2011, might have effects on the temperature?

Would it be considered “piling on” to remind Congress that 2007’s hurricane season predictions — that is, a 95 percent chance of a very active season — turned out to be a total bust? If hurricane experts armed with supercomputers can’t predict a regional storm season six months into the future, why would anyone think that they can project global climate trends for the next 100 years?

These are just some of the things that climatologists have learned or have been proven wrong about in just 2008 year. What do you think they can add when they figure in all the faked data from the  all the so called “climate scientists” allied with the IPCC?

Don’t believe the hype!

JRD

 

Blogging for Liberty: California’s Presidential Voting Pattern 2004 Versus 2008

California’s presidential voting pattern 2004 versus 2008

CaliforniaPresElection_2004_vs_2008

 

Blogging for Liberty: The 2008 Presidential Election

In the 2008 presidential election 28 states voted for the BIG “O”, and 22 for McShame:

 

Percentages for the Democrat presidential candidate:

2008                    2004

HI 72%              54%

VT 67%             59%

NY 63%             58%

RI 63%              60%

MA 62%             62%

IL 62%              55%

DE 62%             53%

MD 62%             56%

CA 61%             54%

CT 61%             54%

Blogging for Liberty: ACORN, Voter Fraud, and the Big “O”

ACORN — the Association of Community Organizations for Reform Now — has been around since 1970 and boasts 350,000 members. Yes,  this shady outfit that uses government dollars to lobby for larger government has been pushing statist over the finish line in elections all over the country.

Acorn uses various affiliated organizations to agitate for “a living wage,” for “affordable housing,” for “tax justice” and union and environmental goals, as well as against school choice and welfare reform (besides being a proud sponsor of voter fraud. But it didn’t stop there. ACORN, in conjunction with powerful statists in the Democrat party, was a major contributor to the subprime meltdown by pushing lenders to make home loans to people based on the color of their skin by conducting “strikes” against banks so the backs would be cowered into lowering credit standards.

But ACORN’s, and the Democrats,  real genius is getting American taxpayers to foot the bill for all this subversion. According to a 2006 report from the Employment Policies Institute (EPI), ACORN has been given federal dollars since 1977. Don’t believe me? Well, for instance, ACORN’s American Institute for Social Justice RECEIVED $240,000 in federal tax money between fiscal years 2002 and 2003.

All this money gives ACORN and the Democratic party the ability to elect liberals, and is boasting that it has put 1.3 million new voters on the rolls in 2008. The big question is how many of these registrations are real. For example, ACORN routinely engages in voter fraud by making voters up or registering people that are in prison.

Still don’t believe me? Well, in Lake County, Indiana, they found more than 2,100 bogus applications among the 5,000 ACORN dumped on the polling places right before the deadline. “All the signatures looked exactly the same,” said Ruthann Hoagland, of the county election board. In Bridgeport, Connecticut estimates are that about 20% of ACORN’s registrations were “defective.”. And the city of Houston rejected or put on hold about 40% of the 27,000 registration cards submitted by the little Democrat-backed and tax payer funded ACORN.

Historically it is the same story. In 2004,  four ACORN employees were indicted in Ohio for submitting false voter registrations. In 2005, two Colorado ACORN workers were found to have submitted false  voter registrations.  In 2006, four ACORN Missouri employees were indicted for voter fraud; and in 2007, five ACORN workers were found guilty in Washington state for filling out voter registration forms with names from a phone book.

Mr. Obama, has always been at ACORN’s side. In 1992 Obama led voter registration efforts as the director of Project Vote, and ACORN was a significant part of that effort. If that were not enough, Mr. Obama also worked as a lawyer for ACORN in 1995, in a case against Illinois to increase “minority” access to the polls.

During Mr. Obama tenure on the board of Chicago’s Woods Fund,  more than $200,000 was awarded ACORN. During the 2008 election, the Obama campaign paid $832,000 to an ACORN affiliate.  When asked about these funds the campaign initially told the Federal Election Commission the money paid for “staging, sound, lighting.” The Obama campaign later admitted the cash was paid to get out the vote.

The following is an October, 2008, article by The New York Post:

O’jahnae Smith is ready and registered to vote this November.

There’s only one problem: She’s 7 years old.

The Connecticut girl is 11 years too young – and nobody in her family knows how she ended up on a voter registration form submitted by ACORN, the Association of Community Organizations for Reform Now.

“She’s registered to vote?” said a surprised Jerome Smith, O’jahnae’s teenage brother. “She’s too young to vote.”

But that didn’t stop someone from forging the child’s signature on a voter registration card and giving her a fake birth date that upped her age to 27. The family told The Post a drug-addicted relative may have given the bogus card to ACORN.

Voter registration fraud complaints like these continue to mount for the group, already under scrutiny in 11 states where hundreds, if not thousands, of new registrations are being questioned.

ACORN volunteers have been found to register dead people and even put members of the Dallas Cowboys on Nevada lists.

The community organizing group has a long history of flooding low- and middle-income neighborhoods in election years with temporary workers instructed to register 20 to 25 voters per day – or risk getting fired.

Most states prohibit paying per signature, but ACORN workers earning $8 to $9 an hour still have to hit their quotas. And many need the money – including some ex-cons in work-release programs.

ACORN’s controversial tactics have fueled John McCain’s criticism of Barack Obama, whose campaign paid an ACORN spinoff – Community Services Inc. – about $800,000 to knock on doors and urge people to vote for Obama in four key primary states: Indiana, Ohio, Pennsylvania and Texas.

In his pre-politics days, Obama ran the Illinois chapter of Project Vote in 1992, before it hooked up with ACORN.

McCain campaign manager Rick Davis on Friday called for a freeze on taxpayer dollars to ACORN until recent allegations have been investigated.

Meanwhile, state authorities in New Mexico, Indiana, Missouri, Connecticut, Ohio, Florida, Wisconsin, Michigan, Pennsylvania, North Carolina and Nevada have launched probes of bogus voter registration forms filed by ACORN.

Roberta Casteel, a nurse, is one of several dozen Nevada voters caught in the web of fake ACORN registrations. Casteel, a registered voter since 1991, was shocked to receive a letter rejecting a voter application she didn’t know she’d made.

Authorities said they’d received two voter applications in her name: one as a Democrat and one as an independent. Both cards had her address, date of birth and Social Security number, and were submitted by ACORN workers. Neither signature matched her original one on file.

A former ACORN worker in Pennsylvania has already been charged with 17 counts of identity theft and forgery.

Other states are sifting through cartons of suspicious forms.

The ACORN shenanigans likely won’t rise to actual voting fraud, stressed election law expert Terri Enns at Ohio State University.

“ACORN’s problematic registrations create extra work for election boards, because they have to check them, but it’s not double voting,” she said.

Freedom is under attack like never before!

JRD

Blogging for Liberty: Here is an excellent 2008 article about Fannie Maeby Macauleysworld about Obama and Fannie Mae

Obama’s Million Dollar Men From Fannie Mae – Who Are Franklin Raines, Tim Howard and Jim Johnson – How Big Were The Golden Parachutes


September 18, 2008 by mcauleysworld

Obama talks about greed on Wall Street – making those responsible account for their activities.

Is that so? How about the Wall Street Big Shots Obama hired to work on his campaign – the very same big shots who brought Fannie Mae Down.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae  when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “ Raines, who long defended the company’s accounting despite mounting evidence that it wasn’t proper, issued a statement late Tuesday conceding that “mistakes were made” and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company’s books ran afoul of generally accepted accounting principles for four years.”

Raines left with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear.

These charges were made in 2006.

The Government noted, “The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.”

The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the mis-stated Fannie Mae profits. WHERE IS RAINES NOWRaines works for the Obama Campaign as Chief Economic Advisor.

Tim Howard –  Was the Chief Financial Officer of Fannie Mae. Howard, “was a strong internal proponent of using accounting strategies that would ensure a “stable pattern of earnings” at Fannie. In everyday English – he was cooking the books.

The Government Investigation determined that,  “Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,”

On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant’s income statement to achieve management pay bonuses.

Investigations by federal regulators and the company’s board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.

Howard’s Golden Parachute was estimated at $20 million.

Where is Howard now? Howard is a Chief Economic Advisor to Barack Obama.

Jim Johnson: A former aid to Walter Mondale, a former executive at Goldman Sachs and Lehman Brothers and who was later forced from his position as Fannie Mae CEO, was hired as a Senior Obama Finance Advisor. Johnson is so senior that he was selected to run Obama’s Vice Presidential Search Committee, the Committee that selected Joe Biden.

The National Review suggested – “Look at the former Fannie Mae Chief Obama choose for the job (selecting Biden). …. specifically, look at the Office of Federal Housing Enterprise Oversight’s May 2006 report on mismanagement and corruption inside Fannie Mae, and you’ll see some interesting things about Johnson.

Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.”

Now, this might seem the sort of inside-Washington dealing that Obama says he wants to change. If so, Obama will have Johnson himself there to help.

It is ironic that the National Review would have made that comment. Obama gave a speech Monday to Wall Street Bankers addressing the Finacial Crisis where he called for,  ”reappraisal of values.” and stated “”The danger with this mentality isn’t just that it offends our morals, it’s that it endangers our markets,”. Obama’s Speech Writer – Jim Johnson.

http://www.youtube.com/watch?v=IRSnirhs8WE

This revelation contradicts earlier reports that Johnson had left the Campaign when he came under investigation for taking illegal loans from Country Wide Financial while serving as CEO at Fannie Mae.

On September 9, 2008, Obama critized “Golden Parachute” payments to Fannie Mae executives. Jim John’s parachute at the time he left Fannie Mae was estimated at $28 Million

WATCH BANKING COMMITTEE CHAIRMAN BARNEY FRANK SAY, “FANNIE IS FINE – THERE IS NO PROBLEM” http://www.foxnews.com/video-search/m/21012738/mortgage_meltdown_timeline.htm?q=financial+mess+timeline

The following Articles describe the role of “political ideology” in the Financial Crisis – How Politics fueled the crisis:

Professor Stan Liebowitz: The Real Scandal –http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0

Professor Thomas J DiLorenzo: The CRA Scam and its Defenders:http://www.mises.org/story/2963

John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.html

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

 

Who Are Franklin Raines  Tim Howard and Jim Johnson 2008?

Posted on October 1, 2008 by Texas Hill Country

These are the 3 guys that took down wall street as bigwigs at Fannie/Freddie…  and guess where they are now?

They are Obama advisors.

franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae  when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “ Raines, who long defended the company’s accounting despite mounting evidence that it wasn’t proper, issued a statement late Tuesday conceding that “mistakes were made” and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company’s books ran afoul of generally accepted accounting principles for four years.”

 

 

 

 

Blogging for Liberty: Fannie Mae’s Top Executives Left the Firm

Fannie Mae’s Top Executives Left the Firm in Shambles

Raines, Howard Are Out Under Pressure

The Washington Post reported that during his 2008 campaign, Obama’s office phoned Fannie Mae’s  Franklin Raines  for housing advice (and the WP has stood by its reporting).  Move along! nothing to see here (yea, right)!

Franklin D. Raines stepped down December 22, 2004 as chairman and chief executive of Fannie Mae, as the company’s directors ended days of tense and emotional deliberations and bowed to pressure from regulators who wanted him out.

 


 

Franklin D. Raines

 

 

J. Timothy Howard, the company’s chief financial officer, also LEFT SOON AFTER. Howard, 56, joined Fannie Mae in 1982 and had served as chief financial officer since 1990, and in that position oversaw Fannie’s accounting.

Raines’s departure was CALLED an early retirement. HOWARD JUST PLAIN RESIGNED.

Their departures came less than a week after the Securities and Exchange Commission directed the giant mortgage company to correct its illegal accounting.  Fannie Mae stands behind or owned a quarter of the nation’s mortgages and  faced a criminal investigation by the Justice Department, and a class-action lawsuits by investors.  In addition, Fannie’s board hired outside lawyers to investigate the companies shady accounting.

The government-sponsored company has been on the defensive since September, when it was discovered that Fannie Mae had systematically manipulated accounting estimates, ignored accounting requirements it had lobbied unsuccessfully against and operated with weak internal controls that helped obscure its  other financial problems.

Raines, 55, is one of the most prominent African Americans in corporate America, and a darling of the Democrats. He rose from a  welfare family to become a Rhodes scholar, president of the Harvard University Board of Overseers, director of the Office of Management and Budget under President Bill Clinton and a leader of the Washington business community. Yes, he has a pedigree not unlike Obama. His remuneration in 2003, including $3 million in stock options, totaled about $20 million.

In a statement, Raines said: “I previously stated that I would hold myself accountable if the SEC determined that significant mistakes were made in the Company’s accounting. Although, to my knowledge, the Company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable.”

ALTHOUGH it was not obvious at the time, Raines’s downfall began in early 2003, when Fannie Mae’s sister organization, Freddie Mac, disclosed that it had made billions of dollars in accounting errors. Apparently, Freddie Mac executives had gone to elaborate lengths to “cook the books” in order to make its earnings growth appear smooth.

At a congressional hearing in October, Raines pointed to the SEC as the authority on accounting matters and pinned his hopes on a favorable decision from the agency. Last week, the SEC’s top accountant sided with OFHEO on questions of accounting policy, saying that instead of following the requirements, “Fannie Mae internally developed its own unique methodology.”

Fannie Mae had debts to bondholders of $957 billion, equal to about a fifth of the publicly held portion of the U.S. national debt. In addition, the company guaranteed principal and interest payments on $1.9 trillion of mortgage-backed securities.

Established in the 1930s as part of a socialist dream during the Great Depression, Fannie borrows money by issuing bonds and uses that money to buy mortgages from lenders, thereby giving the lenders cash to issue more loans. Fannie also packages mortgages into securities, attaching the company’s guarantee that it will pay investors the principal and interest on the loans if the borrowers default.

Raines was a spokesman for the  Business Roundtable, a group of CEOs of many of the nation’s largest corporations.  Raines even led a task force that publicly criticized executives who shirked responsibility for illegalities within their organizations, but like a true Democrat it was all a show.

JRD

 

 

 Page 10 of 11  « First  ... « 7  8  9  10  11 »