Posted on 03/07/2014 6:30:26 AM PST by yoe
House Committee hearings are rarely must-see television but a heated exchange (heated exchange) between Oversight chairman Rep. Darrell Issa (R-CA) and the ranking Democratic member Rep. Elijah Cummings yesterday was unprecedented.
Issa was holding hearings to investigate alleged political bias within the IRS. When he deemed witness Lois Lerner uncooperative and tried to prematurely end the proceedings, Cummings fought back.
“Mr. Chairman, you cannot run a committee like this. You just cannot do this. We’re better than that as a country, we’re better than that as a committee,” he said.
(Excerpt) Read more at thegrio.com ...
The Black Caucus is racist; it is there to give more power to those Blacks elected. Cummings is there to protect Obama and his administration from their culpability in illegal acts....Elijah Cummings is the one who should be removed.
If I was in the black caucus and I saw Cummings actions representing me, I’d have Cummings removed from committee for acting so un-professional.
Cummings needs TREATMENT..... for extreme arrogance ad utter cluelessness ASAP.
so the Bulack Caucus thinks..[?] .....that shutting the loudmuth down was RACESS do they?
they should be utterly ignored or officially disbanded!
lol
sad attempt to play to race card to get blacks to the polls in November.
wont work.
How very, very true!
Reportedly Congressional Black Caucus members each get an additional $10,000 annually (that we know of) to fritter away. The Congressional Hispanic Caucus was at the center of the billion dollar sub-prime debacle which damaged the US economy and forced tax-paid bailout billions.
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SUB-PRIME MORTGAGE SCAMS--MASSIVE LATINO MORTGAGE FRAUD ON CAPITOL HILL: The Congressional Hispanic Institute, Inc, is an entity organized by then-Cong Joe Baca (Dim-Cali) in his capacity as head of the Congressional Hispanic Caucus.
Then-Cong Baca created "HOGAR" (Spanish for home) in 2003 to work with the mortgage industry, F/M, lenders, banks and latino community groups to increase mortgage lending to what savvy observers consider to be unqualified Latinos.
"HOGAR" colluded w/ Cong Baca in what was to become a massive bilking of taxpayers. Cong Baca calculatedly hyped the fact that the national Latino homeownership rate was 47%, compared with 68% for the overall population.
HOGAR was coached to call the figure "alarming," and to say "a concerted effort was required to ensure that by the end of the decade Latinos will share equally in the American Dream of home ownership."
HOGAR and Cong Baca conned the public, failing to note that most of the "dreamers" were illegals, citizens of Third World countries who had violated US borders.
Predictably, HOGAR colluded w/ co-conspirators which included:
(a) shaky mortgage companies that ran into big trouble;
(b) Fannie Mae and Freddie Mac, both now under federal control after billions in taxpayer bailouts;
(c) Countrywide Financial Corp., sold to Bank of America Corp;
(d) Washington Mutual Inc., taken over by the US government and sold to J.P. Morgan Chase & Co.; and,
(e) New Century Financial Corp. and Ameriquest Mortgage Corp, both now defunct, killed by defaulted subprime Latino mortgages.
HOGAR's ties to the subprime mortgage industry were substantial. Bribery and self-dealing were rampant:
<><> Companies that donated $150,000 to Cong Baca got the right to have their own research fellow who would conduct fraudulent studies, which were cunningly used by industry lobbyists to pump lending.
<><> Bribery and extortion in the form of $100,000 annual donations to Cong Baca, for which HOGAR provided phony news releases from Cong Baca's Hispanic Caucus promoting a lender's commercial products to the Latino market,
<><> The most shocking example of bribery well- substantitated by Hogar's literature..... HOGAR announced it worked with Freddie Mac on a self-serving two-year examination of Latino homeownership in 63 congressional districts.
The "study" found Hispanic ownership on the rise thanks to "new flexible mortgage loan products" that the industry was adopting at the urging of Cong Baca's collusive coterie.
<><> HOGAR conned lenders into even more lenient down-payment and underwriting standards.
<><> As the subprime debacle unfolded, HOGAR declined repeated requests for comment despite the economic havoc their activities precipitated.
The mortgage schemes demonstrated the criminal activities of border violators with multiple identities---perhaps violent, terrorist-connected foreigners---colluding and conspiring to defraud private companies and public entities. And mortgage racketeering enterprises which employed sub rosa finance and business practices to carry out deceptions and frauds.
The alleged ring of swindlers---a Congresman, individuals with multiple identities, banks, insurance companies, mortgage brokers--might be charged with cheating the US govt, taxpayers and bank share holders out of hundreds of millions of dollars via an elaborate web of mortgage and bank frauds.
The mortgage Dreamers used multiple phony identities, fraudulent Social Security numbers, purchased from identity forgers in order to obtain govt-subsidized benefits.
L/E will find that individuals with multiple identities obtained fraudulent mortgages then flipped the houses at ever-higher prices to family member who then absconded to foreign countries, sticking banks (and taxpayers) with hundreds of millions in fraudulent mortgages.
BACKGROUND A Wall Street Journal investigative report related that, according to the Federal Financial Institutions Examination Council examination of the borrowing spree, uncovered financial schemes by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, all colluding in fraduent schemes to increase homeownership among Latinos with forged documents which enabled massive fraud.
This was not simply the mortgage market at work. It was fueled by avarice, greed, and Congressional enabling fraudulent practices. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained subprime mortgages for prime properties---soaring to 169%.
(Research provided by Wall Street Journal. Some material excerpted from the NY Times).
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NOTE WELL Mortgage lending to Hispanics took off between 2004 and 2007, powered by nonprime loans. The biggest jump occurred in 2005. The 169% increase in nonprime mortgages to Hispanics that year outpaced a 122% gain for blacks, and a 110% increase for whites, according to a Journal analysis of mortgage-industry and federal-housing data.
Nonprime mortgages carry high interest rates and are tailored to borrowers with low credit scores or few assets. Between 2004 and 2007, black borrowers were offere nonprime loans at a slightly higher rate than Hispanics, but the overall number of Hispanic borrowers was much larger. From 2004 to 2005, thanks to then-Cong Baca, total nonprime home loans to Hispanics more than tripled to $69 billion from $19 billion, and peaked in 2006 at $73 billion.
BLOOD-THIRSTY LA RAZA CASHES IN It comes as no surprise that the race-based "La Raza" was given tax dollars and Congressional earmarks to finance its mortgage activities. La Raza's "strategic partnerships” with Wachovia and Bank of America forced the lowering of mortgage-application requirements and documentation standards. La Raza aided and abetted risky federal and private-home loans to latinos over the last decade thanks to the lending industry’s version of “don’t ask, don’t tell.”
In addition to millions of federal tax dollars, La Raza also collected a $1 million Democratic earmark that funded “community-development” projects. Analysts report that much of it went to "mortgage counseling." Cong Baca has been quiet about his role in financing, and, earmarking, the blood-thirsty America-hating La Raza.
This is old news, nothing here. Time to move along.
Cummings should be removed.
I agree but still wish Trey Gowdy was in charge!
They’re attacking Issa because they’re anti-Arab.
ah... did he “diss” poor Elijah and hwoot his feewings?
Is there a Congressional White Caucus?
Is there a Congressional Asian Caucus?
If not, then having a Congressional Black Caucus is RACIST.
That rep that interupted the questioning should be censured for avoiding due process. the thug shakedown begins. This black caucus is a calamity of traitors.
The five minutes allegedly allotted in the rules is NOT "an opportunity to speak", it is an opportunity to ask the witness questions. Ms. Fudge (if that IS her real name) does not seem to know the difference between demagogic blathering and questions.
Furthermore, Lois Lerner had already refused to answer any questions. So the question is: What the he11 was Mr. Cummings going to ask her?
And the answer is: He was not going to ask her anything. He was going to use his 'five minutes' to engage in demagogic blathering.
Works just fine for me. Give him what he wants but then replace Issa with Trey Gowdy.
NorthMountain calls for removal of racist organizations from Congress.
Yeah, the Congressional Negro Caucus is just trying to get a few more miles out of this ... it’s called running on empty by this sad group of professional racists.
Yeah but I am not crazy about cutting off microphones. Cummings was digging himself a deep hole with his mouth.
The Congressional Black Caucus is racist. That’s just a simple, independent fact.
A Congressional White/Hispanic/Asian/Whatever Caucus would also be racist. The hypothetical existence of all of them would not erase the racist nature of any of them.
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