“On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes, or in some cases, will move back in. ACORN homesteaders intend to squat in their homes until a comprehensive, federal solution for people facing foreclosure is put in place.”
I have a NUTTY idea, how about fighting foreclosure by'Paying Your Mortgage'!!
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( 2.9 / 72 ).."Emanuel served on the Freddie Mac board of directors during the time that the government-backed lender lied about its earnings, a leading contributor to the current economic meltdown.
The Federal Housing Enterprise Oversight Agency later singled out the Freddie Mac board as contributing to the fraud in 2000 and 2001 for "failing in its duty to follow up on matters brought to its attention." In other words, board members ignored the red flags waving in their faces.
The SEC later fined Freddie $50 million for its deliberate fraud in 2000, 2001 and 2002.
Meanwhile, Emanuel was paid more than $260,000 for his Freddie "service." Plus, after he resigned from the board to run for Congress in 2002, the troubled agency's PAC gave his campaign $25,000 - its largest single gift to a House candidate..."
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( 2.9 / 61 )Secretary Paulson gets questioned by 3 Republican Senators!
Dear Secretary Paulson:
We are writing to express our deep concern over your announcement this morning that the Department of the Treasury will halt all plans to purchase trouble mortgage assets through the Troubled Asset Relief Program (TARP). We are concerned that the program has been fundamentally changed from its original intent and worry that continued changes may erode the structures of accountability put in to protect taxpayers.
When legislation authorizing the TARP was first proposed to members of Congress in mid-September, its primary component was a program to allow the Secretary of the Treasury to purchase “toxic” mortgage assets from financial institutions. The primary reason for this course of action, we were told, was to assist the market in discovering the price of these assets and to return liquidity to the financial markets.
At a hearing of the Senate Banking Committee on September 23, 2008, you made the following comments on the urgent necessity of a troubled asset purchase program:
We have proposed a program to remove troubled assets from the system. This troubled asset relief program has to be properly designed for immediate implementation and be sufficiently large to have maximum impact and restore market confidence. It must also protect the taxpayer to the maximum extent possible, and include provisions that ensure transparency and oversight while also ensuring the program can be implemented quickly and run effectively.
This troubled asset purchase program on its own is the single most effective thing we can do to help homeowners, the American people and stimulate our economy.
Although the legislation was passed on October 3, the program was never implemented and now has been officially abandoned in favor of alternative plans after little more than a month. Such a rapid reversal raises questions about the TARP’s original design as well as the propriety of future plans.
Congress never intended for the TARP to be a blank check that could be spent with unlimited discretion. To ensure proper boundaries are in place to protect the taxpayer, we hope and expect that congressional approval will be sought by the administration before further changes are made.
Sincerely,
U.S. Senator Tom Coburn, M.D., U.S. Senator Richard Burr, U.S. Senator David Vitter
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( 2.9 / 79 )DONOR FRAUD!
So upon hearing that Obama broke all records with his 150 million in donations the month of september...I recalled hearing on the radio two couples (McCain supporters) had their credit card charged for donations to the Obama camp.
I could not help but wonder why that was not getting mroe press???
Well, I guess it's starting to, and it looks BAD, it looks REALLY BAD!
UPDATE: view this video while noting that CHASE PAYMENTECH is Obama's credit card processor for his donation site.
FROM INVESTIGATIVE JOURNALIST KEN TIMMERMAN:
What do Bart Simpson, Family Guy, Daffy Duck, King Kong, O.J. Simpson, and Raela Odinga have in common?
All are celebrities; and with the exception of Odinga and O.J. Simpson, they also are fictional characters. And yet, all of them gave money earlier this month to the campaign of Barack Obama, without any apparent effort by the campaign to screen them out as suspect donors.
…The Obama campaign has turned a blind eye to the possibility of donor fraud. Reportedly, during the heated primary battle with Hillary Clinton, the Obama campaign “turned off” many of the security features on its online donor page, allowing any person with a valid credit card number to donate using any name or address.
Typically, card merchants require a cardholder’s name to match critical personal details, such as an address or, at the least, a ZIP code.
Though in recent months the Obama campaign has tightened up security and restored some of the security features used by merchants to weed out fraud, it still has left open easy ways for potential credit card fraud, including techniques similar to those employed by terrorists and drug traffickers to launder illicit funds.
For example, on Oct. 14, an individual using the name “O.J. Simpson” participated in Obama’s latest small-donor fundraising drive, making a $5 donation through the campaign’s Web site.
Giving a Los Angeles address, he listed his employer as the “State of Nevada” and his occupation as “convict.” The donor used a disposable “gift” credit card to make the donation.
The Obama campaign sent O.J. a thank-you note confirming his contribution, and gave him the name of another donor who had agreed to “match” his contribution.
Four minutes earlier, an individual using the name “Raela Odinga” also made a $5 contribution, using the same credit card.
The real Raela Odinga became prime minister of Kenya in April and has claimed to be a cousin of Obama’s through a maternal uncle…
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( 3 / 80 )“In this election, it’s a choice between a candidate who won’t disavow a group committing voter fraud, and a leader who won’t tolerate voter fraud.”
Sarah Palin, GOP Vice President Nominee
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( 3.2 / 69 )
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