Posted on 03/22/2011 6:18:22 AM PDT by Scythian
This could be the most important story of this decade.
Union members are not who they are targeting.
They are focusing on homeowners whose homes are worth less than they owe.
They want to convince them that the smart thing to do is stop paying their mortgages and remain in the home until they are evicted (about 1 year).
Currently, according to Lerner, about 10% of foreclosures are of homes owned by people who can afford to pay but choose not to, because the home is not worth what they owe.
Lerner figures that if 500,000 more homeowners choose that route, the banking system would seize up again, causing another finanacial crisis.
Additionally, they are using community organizations to attack JP Morgan Chase, a sound bank, thinking that if they can cause them to fail, a la Lehman Brothers, weaker banks will fold as well.
Once the banking system has collapsed, chaos will rule and the radicals will take advantage and take power.
Union members are not the ones who will take over. They are just tools.
PING
LOL!!!
U.G. Ping...
Fat Mikey was spouting that in WI just the other week, IIRC.
Try this one on for size and read past the first couple sentences and paragraphs:
It’s like a bunch of rich guys running around acting altruistic and claiming the death tax should be reinstated or at higher levels.
What they don’t tell you is their holdings include companies who profit from estate planning, income shelter, etc.
If the government has no death tax it is a direct competition to the insurance companies, law firms, Wall Street, etc.
Without the death tax there is no need for their services and such stringent estate planning.
Here is an excellent video explaining Warren Buffet and Berkshire-Hathaway. Get a cup of coffee and watch it. You will see the scheme explained and then you will get it.
Also note what companies he has acquired, how and why:
Why This Superrich Guy Likes High Taxes
http://www.xtranormal.com/watch/8035391/
Warren Buffett Benefited From Death Tax
http://www.humanevents.com/article.php?id=15951
Wanna know why Buffet pushed for TARP bailout?
Suffice it to say Berkshire owned stock in some largest receipents of TARP valued at $13 billion around that time.
Here is the funny part:
Buffett increased his bank holdings in September, while he was arguing in the media that Congress should approve the bailout to prevent the collapse of the global financial system.
TARP was approved in October of that year, just one month later!
It’s good to be king!
He actually said “if he didn’t think the government was going to act(in a way that would positive and accretive to hihis holding) he wouldn’t have been doing anything that week”. (paraphrased)
For more read here:
http://www.mcclatchydc.com/2009/04/05/65496/buffett-champion-of-bailout-is.html
BofA in April 2009 was around $4 per share and is now trading at $13.80 per share as of 3/02/2001
Wells Fargo in April of 2009 was around $11 per share and is now trading at around $31 per share.
How about US Bancorp trading at around $14 per share in April 2009 and now trading at about $26 per share.
Goldman Sachs Group trading at some $51 dollars per share has now zoomed to above $160 per share.
How about those poor folks at American Express trading at just above $10 per share in 2009 and now they are trading at about $45 per share?
Bottom line: We, the schmuck taxpayer, paid to enhance the holdings of companies like Berkshire and investors in Berkshire.
This Lerner guy talks--like he's talking about how he went to the park last weekend--about trying to collapse the economy, about how fragile it is right now and how easy it would be to do so. I've learned over the past two years (and especially the past month) to loathe ALL unions. I wonder if Lerner and his kind realize that MOST Americans are like me.
bump
WTF does that mean?
and you brought up his faith. No one else did.
Dude is there weekly...and I am not joking.
How is this going to inflict pain on me? I'll continue paying my bills..
Serious question..
Yeah...he does know most Americans are like you and me.
He even says as much in the transcript. He pretty much says this is the only way to help the unions remain relevant.
Destroying or controlling the the banks will harm you.
And that’s the problem with his plan. Most people are like you and me.
We feel a moral cringe if even think we might be late and most everyone is like that.
Well, aren’t you special.
Not gonna happen. Most people have a moral compass that is fixed and steady. They cannot act any other way and they will pay their bills out of responsibility.
Get a fricking grip...I was just mocking all the Freepers who dismiss all the valid information provided by Beck based on those three specious excuses...I don’t give a rat’s ass about his faith.
I know - and he is seriously bad news. With Trumka and Andy Stern as only the most visible examples, Obama certainly loves his radical union leaders...
“500,000 more homeowners choose that route”
There are over 8.4 million homes already foreclosed. Making that 8.9 million is silly.
OH!
LOL
wanna borrow this (/s)?
LOL
Post on.
You don't watch T.V.
Oh, I get it...you listen to evil radio.
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