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POPSCuomo Caused Mortgage Meltdown, Now He Wants To Be New York's Governor? 
'kickbacks' to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why." Re-reading the entire piece is a bracing reminder of the fact that decisions made today in government often have consequences that don't become fully evident until years later. By then, of course, it's too late to do anything but try to clean up the mess as best we can. After leaving HUD, Cuomo went on to become New York's attorney general and now, like his famous father before him, he is all but officially seeking to be the Empire State's governor. That job has in the past been a springboard to much bigger things, and Cuomo has until recently seemed a shoe-in to take this next big step. But people are beginning to focus now on Cuomo's record in a much more detailed way and what they are finding is not going to do him any good. As an example, CNBC's Maria Bartiromo interviewed Wall Street ...
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POPSThe Fools Who Loan U.S. Money They not such fools because now realizing the danger of losses they trying to get Congress to guarantee the debt. It's like loaning money to GM -- they got the worst line of cars in the world, are failures at business but, thus, give good interest rates to attract loans -- Then try to get your cash risk backed by the government. We'd be the fools then. To add insult to their injury, though, now it seems some in Congress are practically laughing at them. What? 'You loaned money to GM!" (or, in this case, Fannie Mae and Freddie Mac). Ha. ha. ha. We're all more and more on a ship of fools day by day.
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POPSWhat Congress knows about Healthcare
It took cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system?20% of our entire economy?With all due respect,Are you crazy? Check 0ut Cloward - Pivens overwhelm the system strategy and ask yourself if a Health Reform Bill which requires the repeal of tort reform if it is already implemented in a state before the state qualifies for federal funds is for the benefit of the common person. Tort reform is a much less risky improvement which could enhance healthcare. The Pelosi Bill does away with it
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POPSFannie Mae: $76.2 Billion Financial Crisis Caused by Democrat Intervention Never, ever forget who was most culpable for this crisis. Let's just do a video recap, shall we? I have posted on this issue many times over, including a post that pointed at kook Barney Frank as being part of the problem: (Barney Frank Busted! Was Responsible For Housing Meltdown After All) Here's another damning video implicating Fannie Mae that I posted back in March: (Another video on who's to blame for the housing meltdown) Or this one showing Democrats attacking the Freddie Mac regulator: (Maxine Waters blows a gasket) Also, read my former post The True Origins of This Financial Crisis that includes Carter, Clinton, the Community Reinvestment Act (CRA), Fannie Mae, Freddie Mac, etc. In short, though, the mortgage meltdown was due to affirmative action being mandated in the banking system, resulting in loans being made to people that quite simply didn't qualify for them.
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POPSHistory of U.S. Gov't Bailouts American International Group (A.I.G.) 2008 On four separate occasions, the government has offered aid to AIG to keep it from collapsing, rising from an initial $85 billion credit line from the Federal Reserve to a combined $180 billion effort between the Treasury ($70 billion) and Fed ($110 billion). ($40 billion of the Treasury’s commitment is also included in the TARP total.) $180 billion Auto Industry 2008 $25 billion Troubled Asset Relief Program 2008 $700 billion Citigroup 2008 $280 billion Bank of America 2009 $142.2 billion Much, much, more info at the source, including links and details of where the money went, as well as what happened after the bailout.
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POPSAnd Saul Alinsky Laughed: Economy Still In Freefall BEA: GDP Increases at 5.7% Annual Rate in Q4 by CalculatedRisk on 1/29/2010 As expected, GDP growth in Q4 was driven by changes in private inventories, adding 3.39% to GDP. From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. ... The increase in real GDP in the fourth quarter primarily reflected positive contributions from private inventory investment, exports, and personal consumption expenditures (PCE). Imports, which are a subtraction in the calculation of GDP, increased. The acceleration in real GDP in the fourth quarter primarily reflected an acceleration in private inventory investment, a deceleration in imports .....
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POPSKudlow Should Run Against Schumer In November Kudlow is known to have beaten an addiction to cocaine which almost derailed his career. Schumer is addicted to special interest campaign contribution and that’s a bigger problem today. Kudlow is the kind of candidate who could raise tea party money across America . Kudlow could also command the Republican and Conservative nominations and might even be able to petition his way on the ballot as the Libertarian party nominee. Kudlow was mentioned as a possible candidate against Chris Dodd last year. Kudlow owns a home in Connecticut. Chuck Schumer is a corporate whore who was whole-hog for the expansion of Freddie Mac and Fannie Mae and is as responsible for the sub-prime mortgage crisis as anyone in America. Now he has crowned himself the King of New York, deciding who can and cannot run for public office. More and more New Yorkers are fed up with this self-serving schmuck. Run , Larry, Run ! by Andrew Miller big government.com http://bit.ly/4AD4Im
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POPSObama's TARP Fund Benefits Deadbeats and Punishes Responsible Business If there has been ANY DOUBT that the TARP Fund and ALL THE OTHER Money being sent to Washington is being used to BENEFIT the CHOSEN FEW this should put a lid on that once and for all. It should be obvious by now that the only ECONOMY Obama is STIMULATING is the economy of those who SUPPORT HIM. If you are a law abiding taxpaying citizen, not looking to government for a handout, this administration is going to make sure your WEALTH will be DISTRIBUTED to HIS CRONIES.
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POPSThe Lies About Green Jobs With 16,000 employees and an annual budget of $24 billion, the United States has imported more oil with every passing year while denying U.S. oil companies access to vast national reserves in ANWR and off our continental shelf. All of these programs were put forth by liberals, now calling themselves “progressives”, initiated by Democrat administrations to advance what they call “social justice.” The Obama administration is hell-bent on “health care reform” that will put one sixth of the U.S. economy under the control of the federal government whose interventions in the free market have been the cause of the previous recessions. In 2010, the Obama administration says it intends to relieve the job shortage by creating “green jobs” in the sectors of wind and solar power and biofuels. It has announced a program that will cost $2.3 billion, costing approximately $135,000 per job. “Show me one other industry that requests and receives a nearly 30 percent taxpayer subsidy,” says ....
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POPS2010 Food Crisis for Dummies The 2010 Food Crisis is different. It is THE CRISIS. The one that makes all doomsday scenarios come true. The government bailouts and central bank interventions, which have held the financial world together during the last two years, will be powerless to prevent the 2010 Food Crisis from bringing the global financial system to its knees. Financial crisis will kick into high gear So far the crisis has been driven by the slow and steady increase in defaults on mortgages and other loans. This is about to change. What will drive the financial crisis in 2010 will be panic about food supplies and the dollars plunging value. Things will start moving fast.
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POPSU.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says “The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said. Lax regulation of Fannie Mae and Freddie Mac led to the mortgage companies taking on too many risky loans, Wallison said. “It turns out it was impossible to regulate them,” he said. “They were too powerful.” He said no one knows how much will be needed to keep the companies solvent. U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says - Bloomberg.com http://bit.ly/8FhHPH
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POPSGovernment Money Club Get free help at the government money club with Matthew Lesko. The Government Money Club offers live help for beginners and expert free grant money needs. Training videos, online examples and more.
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POPSHot Air: Welcome to the Obama Administration’s “New Transparency” I’m sure it is … for analysts and Fannie and Freddie workers, but I’m not sure taxpayers should share that optimism. The report states the U.S. Treasury will receive preferred stock paying 10% dividends and warrants to acquire nearly 80% of the common shares in Fannie and Freddie. However, the Treasury has already loaned $60 billion to Fannie and $51 billion to Freddie. At this point, it’s hard to believe more money is the answer. Maybe the New York Times was right: Democrats plan to talk about deficit reduction in 2010 but not do anything about it for now. Or as President Obama puts it: “Mr. Obama calls it “a false choice” to pit spending to spur the economy against reducing the deficit. His advisers say the president, and American voters, favor both " spending to create jobs in the short term, and commitment to spending discipline and deficit reduction over the long term.”
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POPSFannie & Freddie NOT included in Obama's Financial Regulations In analyzing the mortgage crisis, economist Walter E. Williams has written: “Starting with the Community Reinvestment Act of 1977, that was given more teeth during the Clinton administration, Congress started intimidating banks and other financial institutions into making loans, so-called sub-prime loans, to high-risk homebuyers and businesses. “The carrot offered was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac. Anyone with an ounce of brains would have known that this was a prescription for disaster but there was a congressional chorus of denial,” he added. “The financial collapse of Fannie Mae and Freddie Mac is not a failure of the free market because lending institutions in a free market would not have taken on the high-risk loans,” said Williams. “They were forced to by the heavy hand of government.”
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POPSDear Congress "So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20% of our entire economy?!? With all due respect... YOU MUST THINK WE'RE CRAZY!!!"
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POPSA Letter to Congress: With All Due Respect, Are You Crazy? It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100 percent failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20 percent of our entire economy? With all due respect: Are you crazy? Brought to you by the editors and research staff of FamilySecurityMatters.org. Editor’s note: We don’t know who wrote this – it’s making the rounds on the Internet – but we agree wholeheartedly with the sentiment.
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POPSIn Whom Do You Place Your Trust? Principles grounded in thousands of years of human experience versus soaring, yet utterly empty, rhetoric. Timeless genius versus power-hungry political hacks. Our choice is clear. We choose liberty.
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POPS To Members of Congress And finally, to set a new record: Cash For Clunkers, failed in just over 5 weeks! It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20% of our entire economy? With all due respect, Are you f***ing crazy?
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POPSFreddie & Fannie PAC Spending In the 2008 cycle, Fannie Mae PAC has contributed a total of $617,900 to congressional members; Freddie PAC gave $202,997 to members of Congress. More than half of that total — $489,998 — was designated for persons in leadership positions or who sit on either the House Financial Services Committee or the Senate Committee on Banking, Housing, and Urban Affairs.
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