ELECTION 2012: The Socialist (video)

07 Monday May 2012

≈ Comments Off on ELECTION 2012: The Socialist (video)

Tags

Dictatorship, Dirty Politicians, Economic Collapse, Economic Stimulus Plan, Economy, Election 2012, Foreclosure, Government spending, Government Waste, Marxism, Mortgages, obama, Obama doctrine, Obama's legacy, Obamacare, Power Grab, Progressives, socialism, Stimulus Plan, UNEMPLOYMENT, Welfare State

Bankruptcies Rise in March

02 Friday Apr 2010

Posted by bydesign001 in Uncategorized

≈ Comments Off on Bankruptcies Rise in March

Tags

Economy, Foreclosure, Mortgages

Oh yeah, things are really looking up.

ACORN Money Missing in Missouri?

02 Thursday Jul 2009

Posted by bydesign001 in Uncategorized

≈ Comments Off on ACORN Money Missing in Missouri?

Tags

Dirty Politicians, fraud, Housing Crisis, Mortgage, Mortgages, obama, Obama Administration, Scams

AMERICAN SPECTATOR

“Kansas-based blogger Nancy Armstrong (MsPlacedDemocrat.com) reports that St. Louis, Missouri, gave a $100,000 grant to ACORN and that $82,000 of it is unaccounted for.

The money was given to ACORN for loan modifications, that is, to help struggling homeowners refinance their mortgages. ACORN reportedly charges $750 for each loan modified and says it has completed 24 of them, which means it is entitled to $18,000 from the grant.

Read more about it on Armstrong’s blog here.

Armstrong and I discussed the matter with G. Gordon Liddy on his show earlier today. (podcast here).”

Damn and I thought Hep-C was the gift that keeps on giving. ACORN is like a fucking plague gone wild.

cross-posted on http://viewpointsofasagittarian.blogspot.com

ACORN Menacing Financial Corporations for Refinancing and Modifications

02 Thursday Jul 2009

Posted by bydesign001 in Uncategorized

≈ 2 Comments

Tags

fraud, Housing Crisis, Housing Foreclosures, Mortgages

The thugs are at it again. Have they no shame? Actually, it’s not a problem when Obama has your back.

ACORN is back to its misdeeds. Earlier this week ACORN aka Community Organizations International launched their latest agenda which consists of harassing and pressuring the mortgage arm of financial institutions to increase aid to distressed mortgage holders and to participate in federal programs offering incentives for such actions.

To date, American Home Mortgage Corp., IndyMac Bank successor OneWest Bank and the mortgage arm of Goldman Sachs and Barclays PLC are under attack by ACORN.

BIZ JOURNALS

“ACORN, the Association of Community Organizations for Reform Now, launched a campaign Monday criticizing the four lenders for not doing more to help with refinancing and modification of distressed mortgages.”

Earlier this week ACORN aka Community Organizers International held rallies in Los Angeles, New York, San Francisco and Seattle. It is safe to say that they’ll be coming to a city near you.

Isn’t this how we got into this mess by enabling those who could not afford homes in the first place? Apparently, no lessons have been learned here.

If ACORN succeeds and corporations fold, that along with Barney Frank’s pending legislation,TARP for Main Street Act of 2009, will submerge the United States that much deeper in the shizzle.

How soon will it be before we are forced to bail out repeat offenders?

Congress Unlikely to Reform Root Cause of Economic Crisis…But we already knew that, didn’t we?

15 Monday Jun 2009

Posted by bydesign001 in Uncategorized

≈ Comments Off on Congress Unlikely to Reform Root Cause of Economic Crisis…But we already knew that, didn’t we?

Tags

Dirty Politicians, Economy, Foreclosure, Housing Crisis, Housing Foreclosures, Mortgages, obama, Obama Administration, Politicians, Politics, Subprime Lenders

There was a time when for months all we heard about was the housing market, foreclosures, the subprime mess and the promise of making things right for the Americans who were affected most by this dilemma.

Once Barack Obama was in office, the housing mess was addressed for a mere five minutes and then he moved on to what is for POTUS, his lobbyists and fellow Democrats are greener, more financial worthy pastures.

With a mountain high of empty rhetoric, debt and broken promises, trillions of dollars later, five months in office and a few good crises to take advantage of, the Obama administration has left that horse in the barn to die a slow and hopefully quiet death as business in Washington, D.C. Has become even sleazier than it was under previous administrations.

So overlooked and forgotten is the subprime and housing mess, that it is no longer considered worth addressing by msm. In the meantime, nothing has changed for the millions of Americans who have lost their homes or are under the threat of foreclosure.

And to make matters worse, the same grimy ass politicians are still at the forefront under the President’s guard making backroom deals while ignoring the interests and needs of the people.

“But despite massive government bailouts of banks and lenders due to losses from toxic mortgages, that reform still hasn’t happened. As the Obama administration urges lawmakers to quickly enact sweeping health care legislation this summer, the momentum to halt abusive lending practices and overhaul mortgage lending, by contrast, has stalled. A mortgage reform bill that passed the House in May was so complicated and contradictory it wound up angering some of the same consumer advocates who have been battling predatory lending. And – flaws and all – the measure isn’t likely to be taken up in the Senate anytime soon. Senate Banking Committee Chairman Christopher Dodd (D-Conn.) told reporters recently that mortgage reform will have to wait: ‘We’ve got a lot on our plate. We’ve got other things to do.’ Dodd added that ‘There isn’t a lot of predatory lending going on right now… I’m not minimizing what happened before, and I don’t want to see a repetition of it, but there’s not subprime lending going on today.’

To many housing activists, the lack of action on the predatory lending bill is the final insult of a failed campaign to rapidly reform mortgage lending – something that once seemed like a slam dunk. First, a mortgage cramdown measure that would have forced lenders to write down loan amounts for borrowers in bankruptcy failed, after 12 Senate Democrats joined Republicans in refusing to support it. Then came dashed hopes for a more comprehensive predatory lending bill, and for quick action on it. To some, the window to tackle mortgage reform is open right now, and the time to act is before the housing market recovers and lending picks up again. The failure so far to do so, they worry, means little is being learned in Congress from the most severe financial crisis since the Great Depression – and even less progress is being made to ensure it doesn’t happen again.

‘If there was anything that seemed like a sure bet, it was reforming mortgage lending,’ said Alan White, a Valparaiso University law professor who studies subprime lending and foreclosures. “But the momentum seems to be fizzling. It’s certainly possible the subprime market could come back in some form someday, and I am surprised there hasn’t been more movement for real mortgage reform. The Blue Dog Democrats are being strong advocates for the banking industry, and that makes it difficult for the more consumer-minded Democrats to get some kind of regulation passed.”

To all those kool-aid drinkers who blamed GWB, welcome to your worst nightmare. It was the idiots you voted for who are primarily responsible for this mess. We tried to warn you. You called us racists and bitter. The game is still the same, and nothing has changed. How do you like your Blue Dogs now?

“It gets even more complicated. Housing advocates aren’t eager to launch a high-profile campaign against Dodd over his relegation of the predatory lending bill to the back burner, given that Dodd is in the midst of a tough re-election battle. Should he lose, the next in line to head the Senate Banking committee would be Sen. Tim Johnson (S.D.), the only Senate Democrat to vote against Dodd’s credit card reform bill.”

WASHINGTON INDEPENDENT

WAKE UP!!!!

WHO’S BEHIND THE FINANCIAL MELTDOWN (UPDATE)

06 Wednesday May 2009

Posted by bydesign001 in Uncategorized

≈ Comments Off on WHO’S BEHIND THE FINANCIAL MELTDOWN (UPDATE)

Tags

Housing Crisis, Mortgages, Subprime 25, Subprime Lenders

The Center for Public Integrity Key Findings:

“The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or backed by giant banks now collecting billions of dollars in bailout money — including several that have paid huge fines to settle predatory lending charges. The banks that funded the subprime industry were not victims of an unforeseen financial collapse, as they have sometimes portrayed themselves, but enablers that bankrolled the type of lending threatening the financial system.

These are among the findings that emerged from the Center for Public Integrity’s analysis of government data on nearly 7.2 million “high-interest” or subprime loans made from 2005 through 2007, a period that marks the peak and collapse of the subprime boom. The computer-assisted analysis also revealed The Subprime 25 — the top 25 originators of the high-interest loans, accounting for nearly $1 trillion and about 72 percent of industry-reported subprime loans during that period….”