Posts tagged ‘Community Reinvestment Act’

OBAMA PASSED A LAW SAYING THAT HALF OF ALL US CITIZENS MUST BE PAID LESS THAN ILLEGAL ALIENS DOING THE SAME JOB!!!


Barry Obama Sneaked In Law Without a Vote Giving Illegal Aliens More Important Rights Than You and I Have

The most important legislation passed by Barack Obama in the short time he was in the Senate before going AWOL to run for President was astounding.

What is even more astounding is that I cannot get any of the media, not even Bill O’Reilly to cover this crime against America.

At the very last minute, actually during the night before the 2006 National Budget  was to be signed into effect by Dummie George Bush, Obama tacked on a clause that became official US Federal law the next morning without any discussion or vote. This is another example of why our broken legislative branch must be reformed. We simple cannot afford to continue a system where any schmuck elected Senator can pass a law without anyone knowing about it until it is too late.

Obama’s add on said that any illegal alien can sue his employer (and the US Government, i.e., you and I Dear Taxpayes will pay the illegal aliens’ legal fees!!!!) to get a pay raise.

No, you say, that cannot be true? Yes, I say, here is how it works.

In Federal Labor Law there is the concept of “Prevailing Wage,” which means the median wage paid within a geographic area such as an SMSA for a category of work, such as semiskilled roofers working on asphalt shingles on single family homes.

Median Wage of course means that hourly wage where half of all workers earn less than that hourly wage.

Pay attention! Half of all workers earn less than the media wage, which translates to mean half of all legal citizens, because the Department of labor does not collect wage data on illegal aliens.

Obama’s Law says that if an illegal alien thinks he was paid less than half of all citizens doing his job, you and I and the US government will pay his lawyers’ fees for him to get paid the median wage, which is more money than half of all US citizens earn doing the same job.

IN SUMMARY OBAMA’S ONLY MAJOR ACCOMPLISHMENT AS A SENATOR IS TO PASS A LAW SAYING THAT HALF OF ALL US CITIZEN AMERICANS MUST BE PAID LESS THAN ILLEGAL ALIENS DOING THE SAME JOB!!!

Believe it or not, that law is in force today.

Believe it or not, none of the MSM (Main Stream Media), or even the fringe media, are covering this. If you have any media contacts or even just email addresses for any reporter, please copy this post and email it to them.

Obama having made this law should disqualify him from becoming President. Please everybody copy this post and email it to your entire address book and to your local newspaper and TV stations.

Then send a blank email to impeach2008@gmail.com so we can impeach Barack Obama from the Senate, or from the presidency if necessary.

October 13, 2008 at 11:54 am 1 comment

Obama Financed by Muslim Extremists


 

 

 

 

‘where did the money come from for Obama’.  I have daughters who went to college, and we were middle class, and money was tight. We (including my girls) worked hard and there were lots of student loans.

I started looking into Obama’s life. Where has the money come from?  

Around 1979 Obama started college at Occidental in California. He is very open about his two years at Occidental. He even admits that he tried all kinds of drugs and was wasting his time. Even though he had a brilliant mind, did not apply himself to his studies. ‘Barry’ (that was the name he used during his early years) had two roommates during this time, Muhammad Hassan Chandoo and Wahid Hamid, both Muslims from Pakistan.  

During the summer of 1981, after his second year in college, he made a ’round the world’ trip.  Stopping to see his mother in Indonesia; next to Hyderabad in India; three weeks in Karachi, Pakistan where he stayed with his roommate’s family; then off to Africa to visit his father’s family Where did he get the money for this trip?  Nether I, nor any one of my children would have had money for a trip like this when they were in college.

When he came back he started school at Columbia University in New York . It is at this time he asks everyone to call him Barrack – not Barry. Do you know what the tuition is at Columbia? It’s not cheap, to say the least. Where did he get money for tuition?  Student Loans? Maybe.

After Columbia, he went to Chicago to work as a Community Organizer for $12,000 a year. Why Chicago? Why not New York? He was already living in New York 

By ‘chance'(?) he met Antoin ‘Tony’ Rezko, born in Aleppo, Syria, and a real estate developer in Chicago. Rezko was convicted of fraud and bribery this year, (nice guy?).  Rezko, was named ‘Entrepreneur of the Decade’ by the Arab-American Business and Professional Association’.

About two years later, Obama entered Harvard Law School. Do you have any idea what tuition is for Harvard Law School? Where did he get the money for Law School? More student loans?

After Law school he went back to Chicago. Rezko offered him a job, which he turned down. But, he did take a job with the law firm Davis, Miner, Barnhill & Galland. Guess what? That’s the firm that represented ‘Rezar’, which is Rezko’s firm.  Rezko was one of Obama’s first major financial contributors when he ran for office in Chicago. In 2003, Rezko threw an early fundraiser for Obama which Chicago Tribune reporter David Mendelland claims was instrumental in providing Obama with ‘seed money‘ for his U.S. Senate race.

In 2005, Obama purchased a new home in the Kenwood District of Chicago. He paid $1.65 million for the place. While paying off all those previous student loans (?) – Where did he get the money for the property?  On the same day Rezko’s wife, Rita, purchased the adjoining empty lot. The London Times reported that Nadhmi Auchi, an Iraqi-born Billionaire loaned Rezko $3.5 million three weeks before Obama purchased this new home. Obama has met Nadhmi Auchi many times with Rezko.  

 

Now, we have Obama running for President. Valerie Jarrett, was Michele Obama’s boss. She is now Obama’s chief advisor and he does not make any major decisions without consulting with her first. Where was Jarrett born? Ready for this? Shiraz, Iran!  Do we see a pattern here? Or am I just stupid?  

 

On May 10, 2008 The Times reported that Robert Malley, an advisor to Obama, was ‘sacked’ after the press found out he was having regular contacts with ‘Hamas‘. The same Hamas that controls Gaza and is connected with Iran and terrorism.

Oh, and by the way, remember Obama’s college roommates, the Muslims who where from Pakistan? They are now in charge of all those ‘small’ internet campaign contributions coming in for Obama. Where is that money coming from? The middle class in this country? Or could it be from the Middle East?    

 

And a final tidbit. On September 7, 2008, The Washington Times posted a verbal slip that Obama made on the ‘This Week’ TV show with George Stephanapoulos. Obama, when talking about his religion said, ‘My Muslim faith’.  When questioned about this, it was stated, ‘he made a mistake’. Some mistake!  

 

I got all of the above information on-line. If you would like to check it – Wikipedia, encyclopedia, Barack Obama; Tony Rezko; Valerie Jarrett: Daily Times – Obama visited Pakistan in 1981; The Washington Times – September 7, 2008; The Times May 10, 2008.

Now the BIG question – If I found out all this information on my own, Why haven’t all of our ‘intelligent’ members of the media been reporting this?

A phrase keeps running through my mind – ‘Beware of the enemy from within’!!!

If you want to impeach Barack Obama from the Senate, and if need be, from the Presidency, send a blank email to impeach2008@gmail.com

 

 

October 12, 2008 at 11:45 am 1 comment

Obama Petitions Court To Not Produce Birth Certificate Until After Elections


A lawyer named Berg has been suing Obama and the DNC and the Federal Elections Commission claiming that Barry was born in Kenya so cannot be President; that the birth certificate posted on Barry’s website is a forgery;  and demanding that Barry produce a “vault” birth certificate properly embossed by the Honolulu City Clerk’s Office.

If Barry really was born in Honolulu, he could get a vault copy for $4.00 and give it to the court and settle the matter forever. Why not spend the $4.00. No, Barry cannot produce a real birth certificate and is filing motions to not produce his birth certificate.

Read it and weep: http://docs.justia.com/cases/federal/district-courts/pennsylvania/paedce/2:2008cv04083/281573/15/

 

http://docs.justia.com/cases/federal/district-courts/pennsylvania/paedce/2:2008cv04083/281573/12/

October 11, 2008 at 2:28 pm 14 comments

Barack Obama’s Five Years of Secret Executive Experience As CEO, President and Chairman of a $50 Million A Year Corporation, Which Is More Executive Experience Than John McCain Ever Had


Everybody knows that in the corrupt world of corporate management, which includes non-profit corporations, who you know and political conniving are more important than talent. Obama was introduced into the world of Chicago Anti-establishment Radical Politics by his Pastor Wright, who also introduced Obama to several new radical friends, including Louis Farrakhan and William Ayres.

In his memoirs, Barry wrote that he strongly shared Farrakhan’s dream that “I wish there was some way to get rid of the hateful white man’s blood that runs in my veins.”

Now here is the true seven years of Obama’s executive experience, including why he is ashamed of it and hides it from the citizenry of America.

It is completely different from what the “In the Bag for Obama” incompetent TV Media jerks like Chris Matthews falsely refer to as “working on school board issues with a respected University of Illinois Professor.”

William Ayres, whose terrorist group murdered three police officers and firebombed the home of a judge while the judge’s family and children were asleep in the home,  had just scammed $50 million from the respectable Annenberg Foundation by falsely claiming it was to improve education in Chicago, and called it the Chicago Annenberg Challenge, or CAC. However, Ayres intended to use the money for purposes that you and I might not think were  “to improve education,” so Ayres needed a front man with political connections to cover his tracks. Ayres hired a young black pol whose connections, and credentials for being complicit in political corruption, came from his wife having just completed two years as the Personal Assistant to “Big Satan;” otherwise know as Mayor Richard Daley of Chicago. It is not possible to be Devil Dick Daley’s personal assistant without serious ethical damage to one’s character.

This dirty Chicago pol was named Barack Obama, only two years fresh out of law school, at a career stage when serious professional lawyers were working 60 hours a week learning their trade.

Not Barry. Barry was scurrying around the political dens of corrupt Chicago seeking high faluting credentials (just as his father had before him) to make him seem like more than what he was: more than an inexperienced baby attorney in training who had never tried a single case. And never would.

So Ayres hired this green, know-nothing newbie, an airhead (oops, a pun: Air = Ayres) who could not finish writing his own life story, and who had only passed the Bar exam a year ago, to be CEO, President and Chairman of the $50 million CAC.

So Obama was a true executive, in fact the Chief Executive of a company controlled by a terrorist.

Obama was putty in Ayres hands, and following Ayres directions, gave away all of the $50 million to other even more radical left wing organizations devoted to influencing young people to be radical anti-establishment demonstrators. Although the $50 million was obtained for the purpose of “improving education” Obama did not use any of the money to improve education.

In fact Obama did not give a single penny to any school. Not a penny to a public school, to a charter school, to an experimental school, nor to a private school.

That is Obama’s seven years of Executive Experience: His Achievement is Not Following The Stated Mission of the Charity, and Not Giving A Single Penny Of Educational Money To Any School.

And that is why the Obama campaign never makes reference to his executive experience even when McCain/Palin constantly scream “Obama has no executive experience.” If the media ever found out how Obama misused Charity money for seven years he would be run out of all politics except a job as a Chicago Precinct Captain like his wife’s crooked father, with a no show job sitting around a water pump.

Ayres continued on the Board of Directors of CAC to control Barry, and succeeded in getting tens of millions more of grants, not a penny of which did Barry ever give to a school.

For that Mayor Daley named Ayres “Citizen of the Year.” Huh? Yeah, the radical groups the CAC money went to did teach young people that the Republican system was evil, and they should vote for Daley . . .

William Ayres, Secretary of Education in the Obama Administration?

OMG! Look at how Obama is why we are having the stock market crash: http://ruthtalks.wordpress.com/2008/10/09/the-obama-bear-market-why-big-investors-are-dumping-everything-before-obama-gets-elected/

 

October 9, 2008 at 5:41 pm 2 comments

Michelle Obama Emerges From Exile with Great News


Today OCt 8 2008 I watched Michelle tell the same lies from the convention that she is from a blue collar family just like the rest of us, and it was really hard watching her sick father who had to get up an hour early so he could dress to go to his job.

Now i have great sympathy for her enduring her father’s death, because I too was with my father as he died a slow death. Since we are on even grounds, I may be offended by her lie. Actually, if her father was so sick that it took not one hour, but an extra hour to dress, it is just not physically possible that he could perform the hard and complicated physical dexterity to work on giant water pumps in Chicago’s Navy Pier Water Works.

The truth is that her father had a “No Show” political appointee job as did all the rest of the Democratic Precinct Captains in Chicago.

So Michelle lied when she said she came froma blue collar family like the rest of us. How many of us had fathers with a “No Show” political job paying a 25 percent higer salary that a school teacher for not working?

Michelle also lied when she referred to her paarent’s struggle to put two kids through Princeton.  The truth is her parents did not pay a single penny.

Her brother got a basketball free ride that included not only room, board and tuition, but also a stipend for spending money, plus all the notorius freebies given to all star ball players that so corrupt college sports.

Michelle got admitted to Princeton as a leagcy, since her brother was a student there. The only admissions requirement for her was to spell her brother’s name correctly on the line asking “Legacy?”

And she got free room, board and tuition. The last time a black female paid tuiton at Princeton is, well, never! Lawzy me, Gawd bless affirmative action.

Which leads to her complaint that she and Barry could not pay their student loans until Barry’s book “Dreams from My Father” was ghost written for him by terrorist William Ayres.

If Michelle had any student loans they were for clothing, entertainment and booz, since Princeton paid the rest.

And Barry had no student loans. His harvard costs were paid by Muslim Prince from Saudi Arabia.

How can you tell either Barry or Michelle are lying?

Their lips are moving.

October 8, 2008 at 9:05 pm Leave a comment

ACORN, Barack Obama, Bill Clinton and Jimmy Carter Caused the Mortgage Bailout Crisis


The big lie is that the mortgage crisis was caused by Bush deregulation.

The opposite is true.

The mortgage crisis was caused by Bill Clinton making much worse a bad law that Jimmy Carter started, so the whole mess is Democrat President’s fault.

Jimmy Carter signed the CRA Community Reinvestment Act that required banks to lend in low income areas.

Here is what Wikipedia says Clinton did:

Quote: “Clinton Administration Changes of 1995

In early 1993 President Clinton ordered new regulations for the CRA which would increase access to mortgage credit for inner city and distressed rural communities. The new rules went into effect on January 31, 1995 and featured: requiring numerical assessments to get a satisfactory CRA rating; using federal home-loan data broken down by neighborhood, income group, and race; encouraging community groups to complain when banks were not loaning enough to specified neighborhood, income group, and race; allowing community groups that marketed loans to targeted groups to collect a fee from the banks.

According to a United States Department of the Treasury study of lending trends in 305 U.S. cities between 1993 and 1998 467 billion dollars in mortgage credit flowed from CRA-covered lenders to CRA-eligible borrowers. The number of CRA mortgage loans increased by 39 percent. Other loans increased by only 17 percent.” close quote

Clinton passed a law “encouraging community groups to complain.” IN 1995!!!! That is when Barack Hussein Obama was training ACORN staff how to picket and blockade bank headquarters to blackmail the banks into writing mortgages to people who would never repay the loans. Even worse Obama was collaborating with Ayres in charity boards to make millions in cash grants to ACORN.

 

Only Clinton and Obama could come up with the following way to swindle our tax dollars into the pockets of radical Communist leftist organizations hiding behind the false claim of being nonprofits. Read Carefully: Clinton’s rewrite was for “allowing community groups that marketed loans to targeted groups to collect a fee from banks.”

 

 Advocacy Groups

The new rules introduced by the Clinton administration in 1995, during a time when many banks were merging and needed to pass the CRA review process to do so, substantially increased the number and aggregate amount of new community groups marketing non-traditional mortgages. Community activist’s demonstrations, picketing and sit-in interventions at yearly bank reviews resulted in their obtaining large amounts of money from banks, since poor reviews could lead to frustrated merger plans and even legal challenges by the Justice Department. The Senate Banking Committee estimated that as early as 2000, as a result of CRA, community groups such as ACORN and La Raza had received $9.5 billion in services and salaries. That number, of course, will have grown massively during recent years.

 

 

 

 

What Barack Obama did was teach ACORN Staff how to demonstrate and picket and blockade bank headquarters until they gave loans to unqualified buyers rounded up by ACORN and then pay fees to ACORN for blackmailing the banks.

ACORN devotes its life to getting mortgages for unqualified buyers. ACORN gets rich on the fees Clinton forces the banks to pay to ACORN.

ACORN uses the money from the bank fees to sign up new voters who will vote for Nobama.

ACORN is being sued in many states for signing up voters that even Jesus cannot find, and ACORN staff are in jail for voting fraud, but it goes on and on and on.

The Clinton CRAp law is still in effect, even stronger than before. ACORN continues to make millions in Clinton fees, using the money to register fictitious voters who will elect Barack Obama President.

This is a violation of election laws and bypasses FEC regulations limiting financial support of candidates.

Obama, Clinton and the Democrats are using bad laws they wrote to steal your tax dollars to steal our elections.

Click on this link http://congressorg.capwiz.com/congressorg/directory/congdir.tt and tell your Congressmen and Senators to repeal the CRA Community Reinvestment Act that is creating ore toxic mortgages to cause another mortgage crisis next year by writing more toxic mortgages and that pays millions to both ACORN and LA RAZA for recruiting toxic unqualified borrowers. Just cut and paste this into the message form.

 

 To help impeach Obama from the Senate and, god forbid, from the Presidency, send a blank email to impeach2008@gmail.com

October 2, 2008 at 11:58 am 3 comments

Help Stop Crooked Senate Bailout Grows from $700 to $872 Billion and Still Growing


The original bailout was ONLY $700 billion, and everyone with a brain warned that it would grow because there are $5 trillion of mortgages larger than the value of the underlying homes.

Now the Senate is trying to “IMPROVE” the bill. This why we need a Constitutional Amendment banning anyone who has ever been a Senator from becoming President.  Being a Senator permanently, irreversibly damages your mind. Oh, both candidates are Senators, so we are in real trouble because they are Senators and their minds have been permanently infected with “SENATORITIS” the chronic, terminal disease closely related to Alzheimer’s.

Because they have SENATORITIS, both candidates support the IMPROVED Senate version of the bailout. The IMPROVED Senate bill is what Senators think will make it more attractive to more voters and therefore more likely to pass. It proves the old joke that a Hippopotamus is a mouse designed by Congress.

The Senators are totally oblivious to the complaints voiced by 95% of voters that the original bill will (1) cause inflation, (2) bust the budget, (3) cause the value of the dollar to drop, creating even higher gasoline prices, (4) require a huge tax increase.

The SENATORITIS “improved” the bill by ADDING Senator Obama’s (of course the moron is a Senator) (1) $64 billion earmark for ACORN and LA RAZA, (2) $40 billion to repeal the AMT, and (3) $68 billion in alternative energy tax credits. These increases total $172 billion more costs to the taxpayers.

The $17 billion is $1,700 per household increase, and raises the total bailout to more than $8,720 per household, and it is still growing. It will end up costing way more.

These increases/improvements total $172 billion in additional tax increases required to pay for them.

These increases/improvements total $172 billion of inflationary pressure on our rapidly inflating currency, wiping out the value of our savings and investments.

These increases/improvements total $172 billion in the budget deficit that we have to borrow from China.

These increases/improvements total $172 billion that are being passed with no hearings open to the public, with no voice of the people. THE BASTARDS ARE RAMMING THIS DOWN OUR THROAT IN TOTAL DISREGARD OF THE EMAILS AND PHONECALLS FROM THE VOTERS OPPSING EVERY FORM OF THE BAILOUT.

The bailout has grown from $700 billion to $872 billion in less than one week. Imagine what it will really cost? Congress just increased the limit on our debt ceiling by more than twice the size of the bailout, indicating that the bastards intend to spend double the amount of the bailout.

Stop this destruction of America by clicking on the following link, enter your zip code in the box on the left to find your Senator, and cut and paste the following message into the message box to both of your Senators:

We do not want any form of mortgage bailout, no matter how much you increase it, change it or rename it. Repeal the CRA Community Reinvestment Act and abolish Fannie Mae, Freddie Mac and the FHA. NO BAILOUT OF ANY KIND! NO BANKRUPTCY JUDGES REWRITING MORTGAGES. No assistance to freeloaders who got a house for no money down and won’t pay their mortgages. No cash to cities to buy foreclosed homes. NOTHING! Let the FDIC and Fed take over failed banks and eliminate mark to market, but no government interference in the working of the free markets, or we will impeach you! Got it? We mean it!

THE LINK   http://congressorg.capwiz.com/congressorg/directory/congdir.tt

October 1, 2008 at 10:10 am Leave a comment

Nancy Pelosi’s Unbelievably Arrogant Lie


 What makes me really, really sick is the way the Evil Wall Street brokers are artificially manipulating the stock market into a decline, causing millions of innocent people to lose money, just to frighten us into passing their crooked bailout. This is illegal market manipulation. It is a crime, and brokers should go to jail. In a true free market stocks would go up because a socialist Nancy Pelosi bailout was defeated. Free markets go up when tax increases are defeated. Any form of a bailout, including the new, disguised versions being cooked up in the back rooms, will be a massive tax increase. There is a limit to how much money China will loan us unless there is tax revenue to pay the Chinese interest. So any new version of a bailout will result in Barry Obama’s tax increases. Remember, every time they say they will only tax the rich, it turns out the “rich” are everybody not on welfare. The bailout is class welfare. Stock market speculator against everybody else.

Do not buy or sell any stocks for at least a year

Until they stop manipulating the market to

scare us into passing their bailout.

No matter where you go on the internet, TV, newspapers and car radios, we are bombarded with Nancy Pelosi’s unbelievably arrogant lie that the failure of the bailout legislation will result in economic disaster. Pelosi wants to scare us with false claims that we won’t be able to get car loans, credit cards or mortgages and won’t be able to refinance our mortgages.

THESE ARE LIES! Google “no money down mortgages” 768,000 hits! There are unlimited repeat UNLIMITED credit cards, car loans, absolutely every kind of credit available to let Americans continue down the path to personal bankruptcy by over-borrowing.

Of course the economy is facing bad times, but not because of failure of the bailout rape of taxpayers.

The real cause is the CRA (Community Reinvestment Act) passed by Democrats led by Bill Clinton that requires every bank to make bad loans to freeloaders who cannot pay, supposedly to make home ownership available to more people. When banks complained this would bankrupt them, the Democrats/Clinton said we will force Fannie Mae to buy them so the banks get rich on commissions from bad mortgages and the taxpayers will cover the losses in Fannie Mae. It works: people who can never pay for a home got millions of homes, and it will take years for those freeloaders and deadbeats to be foreclosed and work their way through the system.

But wait: it gets even worse! There are $4 trillion ($4,000,000,000,000) of CRA/Clinton forced bad mortgages, mostly guaranteed by Fannie Mae. We will have years of economic distress and recession caused by the Dems, and THE BAILOUT WILL NOT FIX THIS! The bailout is only $760 billion, only one-sixth of the Clinton bad mortgages. Pass the bailout and in a few months they will be back for another trillion, and another trillion after that!

Although the government created the problem by forcing banks to write bad loans, the problem is too big for government to fix. The market will have to sort this out.

THE BAILOUT IS JUST TO HIDE THE DEMOCRATS’ GUILT

Nancy Pelosi and the Democrats desperately need the bailout so nobody finds out that the Dems/Clinton are the cause of the financial destruction of America. So Pelosi pretends to be bipartisan supporting George Bush’s bailout bill when actually they suckered Bush into it through the Trojan Horse of Henry Paulson, who was not just a partner in Goldman Sachs, the biggest pro-Democrat Wall Street firm, but Paulson was the head of it! The wolf in the chicken house!

THERE WILL BE LESS ECONOMIC DAMAGE WITHOUT THE BAILOUT THAN WITH IT. No bill is better than a bad bill.

The Dems are now hard at work, in back rooms, with no public discussion, the opposite of Democracy, secretly adding features to the failed disaster bailout such as letting bankruptcy courts re-write mortgages. Cannot Dems pass grammar school arithmetic? If a bank has a $200,000 mortgage and the courts say it is only a $100,000 so a freeloader or illegal alien can keep a house they never should have gotten, where will the bank get the missing $100,000? If the bank doesn’t get the money from someone, the bank will go out of business. THE ANSWER: NOBODY WILL GIVE THE BANK THE $100,000 EXCEPT THE TAXPAYERS. Now you know why Barry Obama wants to raise taxes!

Any form of a bailout, no matter how much Nancy Pelosi and Henry Paulson and all the paid talking head morons on TV tell us lies that the world will end if some kind of bailout isn’t passed, the opposite is true: America will end if the bailout or some crazy, even worse mutation of it is passed.

It is so very important that we do not let our taxes be doubled by Nancy Pelosi passing some new and even worse bailout plan under another name. TAKE ACTION!

Save yourself from even worse pain and go to the following link and enter your zip code in the box on the left side to find your Congressmen. Send comments to both your Senators and Representatives. Then copy and paste the following into the box for your email message:

We do not want any form of mortgage bailout, no matter how much you change it or rename it. Repeal the CRA Community Reinvestment Act and abolish Fannie mae, Freddie mac and the FHA. NO BAILOUT OF ANY KIND! NO BANKRUPTCY REWRITE OF MORTGAGES. No assistance to freeloaders who cannot pay their mortgages. No cash to cities to buy foreclosed homes. NOTHING! Let the FDIC and Fed take over failed banks and eliminate mark to market, but no government interference in the working of the free markets, or we will impeach you! Got it? We mean it!

THE LINK   http://congressorg.capwiz.com/congressorg/directory/congdir.tt

 

 If you want to do still more send a blank email to impeach2008@gmail.com and we will get back to you with actions

September 30, 2008 at 10:37 am Leave a comment

Guess What Caused the Mortgage Crisis Bailout and How To Keep It From happening Again


It has nothing to do with mistakes or incompetence by banks. It is entirely caused by tight regulations on the banks written and worsened by three Democrats. 

CRA requires reports on loans that are non-qualified by geography, income and race. If a bank didn’t write enough bad mortgages, they lose their license

 Fannie Mae is required to buy the bad mortgages, guarantee them, and sell them in bundles that are traded as CMOs

 This total process lets banks make fees on even the worst unacceptable mortgages and transfer the risk to the taxpayers

 Three Democrats, Jimmy Carter, Bill Clinton and Barry Obama created and worsened it all and should be jailed for destroying our financial system

 The Democrats caused the Mortgage Crisis with their expansion of Fannie Mae and the Democrat’s passage of the CRA (Community Reinvestment Act) which requires, actually FORCES, YES FORCES every bank in America to make bad mortgages to financially unqualified buyers and to illegal aliens, and the Democrats including Bill Clinton forced Fannie Mae to purchase the crap, guarantee the crap, and sell it to the world’s financial markets as CDOs that were not worth the paper they were printed on. Worse, because the entire world from China to Japan to Russia believed they were obligations of the US Government, they became part of the reserve capital of every financial institution in the world. The basis for all the world’s banks and insurance companies!

In return for these crimes, Wall Street, the nation’s banks and Fannie Mae donated hundreds of millions to the Democrats. Chris Dodd and Barack Obama were the two biggest beneficiaries of Fannie Mae corrupt cash. That is why the Democrats are so vehemently enthusiastic at passing Bush’s bailout. The Democrats need the crisis solved before people focus on the Democrats as being the cause of the crisis.

Also, the Democrats biggest source of votes are the freeloaders who get to buy homes with the crap mortgages, so the Dems want to bail them out with ACORN fraud.

So, the Democrats needed the Republican Congressman’s support to pass the bailout to save the corrupt Democrats from:

 (1) exposure as being the true source of the crisis,

(2) to avoid repeal of the Democrats’ favorite welfare law, the Community Reinvestment Act which even this minute is continuing to force banks to write more and more crap mortgages, sowing the seeds for a repeat crisis next year, and

(3) keep the mountain of donations flowing to Barack Obama and his forty thieves from the crooked banks and Wall Street firms.

Guess what caused financial crisis

The big lie is that the mortgage crisis was caused by Bush deregulation.

The opposite is true.

The mortgage crisis was caused by Bill Clinton in 1995 when he make much worse a bad law that Jimmy Carter started in 1977, so the whole mess is caused by Democrat Presidents and Democrats in Congress.

Jimmy Carter signed the CRA Community Reinvestment Act that required banks to lend in low income areas.

Here is what Wikipedia says Clinton did:

Quote:   “Clinton Administration Changes of 1995

In early 1993 President Clinton ordered new regulations for the CRA which would increase access to mortgage credit for inner city and distressed rural communities. The new rules went into effect on January 31, 1995 and featured: requiring numerical assessments to get a satisfactory CRA rating; using federal home-loan data broken down by neighborhood, income group, and race; encouraging community groups to complain when banks were not loaning enough to specified neighborhood, income group, and race; allowing community groups that marketed loans to targeted groups to collect a fee from the banks.

According to a United States Department of the Treasury study of lending trends in 305 U.S. cities between 1993 and 1998 $467 billion in mortgage credit flowed from CRA-covered lenders to CRA-eligible borrowers. The number of CRA mortgage loans increased by 39 percent. Other loans increased by only 17 percent.” close quote

Clinton passed a law “encouraging community groups to complain.” IN 1995!!!! That is when Barack Hussein Obama was training ACORN staff of semi-terrorists how to picket and blockade bank headquarters to blackmail the banks into writing mortgages to people who would never repay the loans. Even worse, in 1995 Obama collected a fortune in legal fees as a lawyer representing ACORN to the Senate Banking Committee to get higher fees paid to ACORN under the CRA.

Focus on this: In every state in the union, anyone who receives money in connection with a mortgage is required to attend certified classes and testing to become a “State Licensed Mortgage Broker.” Obama got a Federal exception overriding State mortgage broker laws to enable ACORN to obtain otherwise illegal fees for originating mortgages. It is believed that ACORN has received billions yes, BILLIONS of otherwise illegal mortgage fees because of Barack Obama.

Even worse, ACORN received these fees by forcing banks to write toxic mortgages to people who did not qualify for mortgages and who never would repay them. And Obama earned legal fees from ACORN for his complicity in planting the seeds that caused our current financial crisis.

Bothe the ACORN officers and directors and Barry Obama should be in jail for destroying our nation’s financial system and costing taxpayers more than a trillion dollars and still counting.

Obama was collaborating with Ayres in charity boards to make millions in cash grants to ACORN.

William Ayres is the unrepentant terrorist whose group bombed the Pentagon, Federal buildings, and Police buildings, and who murdered innocent police officers, leaving their children without fathers, but who got off on a technicality. The same William Ayres, who said in an interview with the New York Times on 9/11/2001 while the Twin Towers were aflame and crumbling, that he regretted as a terrorist that he had not done enough.

William Ayres solicited $50 million from a charity, which was founded by an innocent philanthropist who had unknowingly turned his charity over to left wing loonies. Ayres then hired Obama as Chairman of this charity.

The terrorist and Obama refuse to talk about this, so that we have no idea how Ayres met Obama and came to know Obama well enough to hire Obama to run a $50 million charity. All we know is that being Chairman of this charity from 1993 to 2002 is Obama’s only executive experience.  The charity is CAC, the Chicago Annenberg Challenge, whose stated purpose was to reform and improve education in low income areas of Chicago.

What we do know is that under Obama’s Chairmanship, the CAC never gave one penny to any school!

All the money went to radical groups with the intent of teaching children that America is evil, and they should overthrow the establishment. Oh, and that the Republicans are the establishment, so young people should vote Democratic. That is what Obama did when people entrusted him with $50 million. All of this is documented in the archives of the University of Illinois on their Chicago campus.

 

Oops. We failed to find any record of what salary Obama was paid as Chairman of the $50 million CAC foundation. Any chance he served without compensation? Not a chance.

 

 The Senate Banking Committee estimated that as early as 2000, as a result of CRA, community groups such as ACORN and La Raza had received $9.5 billion in services and salaries. That number, of course, will have grown massively during recent years.

What Barack Obama did was teach ACORN Staff of semi-terrorists how to demonstrate and picket and blockade bank headquarters until they gave loans to unqualified buyers rounded up by ACORN and then pay fees to ACORN for blackmailing the banks.

ACORN devotes its life to getting mortgages for unqualified buyers. ACORN gets rich on the fees Clinton forces the banks to pay to ACORN.

ACORN uses the money from the bank fees to sign up new voters who will vote for Nobama.

ACORN is being sued in many states for signing up voters that even Jesus cannot find, and ACORN staff are in jail for voting fraud, but it goes on and on and on.

The Clinton CRAp law is still in effect, even stronger than before. ACORN continues to make millions in Clinton fees, using the money to register fictitious voters who will elect Barack Obama President.

This is a violation of election laws and bypasses FEC regulations limiting financial support of candidates.

Obama, Clinton and the Democrats are using bad laws they wrote to steal your tax dollars to steal our elections.

 

In the meantime the Community Reinvestment Act, which is not treated at all in the bailout bill, is continuing to force all the banks in America to continue writing no money down, interest only mortgages to freeloaders, so we shall have another round of collosal defaults next year, and the year after, and the year after.

 

Click on the following link to tell your Senators and Representatives in the communicate using a form option, saying, ACTUALLY COPY AND PASTE THE FOLLOWING:

“REPEAL THE CRA COMMUNITY REINVESTMENT ACT TO STOP THE CRISIS AND ELIMINATE, DISSOLVE FANNIE MAE SO BANKS WILL HOLD THE MORTGAGES THEY WRITE AND KEEP ACCOUNTABILITY”

To find your congresspersons, enter your zip code in the left hand box of this link:

http://congressorg.capwiz.com/congressorg/directory/congdir.tt

September 29, 2008 at 3:11 pm Leave a comment

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