145 Billion proposed, thats what, 400k to every person with a ‘subprime’ loan.
There are lots of things going on in the background and we are gonna see some crazy stuff.
They could let the indivivdual lend-ees take the hit. They’d recover. The lenders who hold all that paper? Not so much.
And that 400K is about the median for the McMansions in the once ‘hot’ markets too with the flippers and the mathematically functional illiterate that decided to trade up based on hype & deceit that are now holding new loans worth 20-30% more than the current market value holding the bag?
How do you figure that?
(1990) John McCain said on the floor of the Senate: “Mr. President, I am anxious to construct a new relationship with our old adversary (Vietnam)”. He, who was in a Vietnamese prison camps for five and a half years, was pushing hard for normalized relations with Hanoi long before anyone else was.
Between when Clinton said that he would not normalize relations with Vietnam until there was a full accounting of POWs/MIAs and the time he lifted the Trade Embargo only two Americans had been accounted for in Vietnam.
Lifting the embargo opened the door for the multi-billion dollar corporation, Lippo Group with American business partners, such as Stephens Investment of Little Rock, AR to conduct business in Vietnam. Mr A. Vernon Weaver, at that time the Vice-President for Operations in the Pacific Rim of Stephens Investment and a member of the Board of Visitors at the U.S. Naval Academy was instrumental in arranging an upgrade of the position of Commandant of the U.S. Naval Academy from two stars to four stars.
Former U.S. Navy officers, Senators John Kerry and John McCain supported this reorganization.
http://www.usvetdsp.com/billbell.htm
An indication of just how deep and subtle Red Chinese roots run in U.S. business and government affairs deals with McCain and Kerry. Both McCain and Kerry fought long and hard to provide the political cover Clinton needed when he made the controversial decision to normalize relations with Vietnam. McCain’s wife, Cindy, is the daughter of James Hensley, who is the second largest Anheuser-Busch distributor in the United States. McCain is an officer in Hensley & Co. and Cindy is a vice president. The McCain family owns several million dollars in Anheuser-Busch stock.
As a part of an aggressive campaign to enhance its international standing in the beer market, Anheuser-Busch has had signned contracts and invested hundreds of millions building brewery operations in China and Vietnam. I can’t link any of those contracts involve Lippo. Some docs retrieved from the net revealed that Riady’s Lippo is the holder of a license for Sea World in Indonesia and that Anheuser-Busch owns all the Sea World themeparks in the United States as well as some overseas.
Is there a connection between Anheuser-Busch and Lippo?
http://www.usvetdsp.com/billbell.htm
SeaWorld/Lippo Connection:
Old URL: http://www.lippo.co.id/Main.htm
Internet Cache: http://web.archive.org/web/19980530014836/http://www.lippo.co.id/Main.htm
Net cache shows Lippo holds/held the license on Sea World in Indonesia.
“Today I am lifting the trade embargo against Vietnam because I am absolutely convinced it offers us the best way to resolve the fate of those who remain missing and about whom we are not sure.” Two things happened between November 1992 and February 1994 which bear on this issue. One was that Senators John Kerry and John McCain lobbied the president to drop the embargo. The second thing was that in September 1993 the head of the Lippo Group, Mochtar Riady, led a trade mission of Asian bankers on a trip to Vietnam to (in his words) “size up business opportunities there.” Lippo helps, among other things, to finance trade deals. It therefore stood to benefit enormously from expanded trade between Vietnam and the United States;
Old URL: http://www.empower.org/html/policy/misc/roadmap3.htm
See Internet Cache:
http://web.archive.org/web/20000816001233/http://www.empower.org/html/policy/misc/roadmap3.htm