sowell ping and bump for hh’s ‘CRA page’...
BACKSTORY Remember when Candidate Obama expounded on 'Price Signals' to 'Change Behavior'? In an interview on Iowa Public TV in 2007, Obama advocated sending “price signals” to middle class consumers in order to “change their behavior.” “Price signals” being an Orwellian-Marxist code word for "punitive taxes and fees."
BACKSTORY Sap-happy Barack Obama, Esq, represents ACORN. He sued banks into loaning to marginal people. Illegals were never asked for proofs of employment or citizenship---pay stubs, SS numbers, etc. As long as they had a pulse and could write the name of one of their phony identities, they got a loan. Most illegals were scam artists----flipping the home back and forth among immigrant families at higher and higher profits, duping banks at every turn. When they were done looting, the last "homeowner" defaulted and absconded to Mexico with $tens of thousands in cash.........leaving banks (and taxpayers) holding the bag.
We found out that the toxic mortgages poisoning the global economy (that brought the US economy to its knees) were held by leeches with larceny on their minds, who had mo moral integrity, just parsites who never intended to pay back banks.
BACKSTORY Candidate Obama was fronted by SEIU and ACORN’s ‘muscle for money’ protection racket. The strategy involves SEIU extorting ‘donations’ from targeted government and corporate officials, offering them Mafia-like protection from protests by SEIU’s paid thugs, many of them convicted felons.
ACORN has blocked bank mergers until the targeted financial institutions agreed to change their lending policies to ACORN’s satisfaction.
It began to play out----in the context that candidate Obama's "hope and change" anarchy intended to nationalize entire industries----- banks, auto, healthcare, energy----on a march to socialism, and then communism.
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STIMULUS SCAM---A DEM SLUSH FUND Americans are awakening to the fact that govt insiders are mishandling trillions in stimulus------that federal monies are being illegally directed to Democrat campaign coffers, or wire-transferred offshore into personal accounts......or being laundered in the states. ABC News reported the WH invented 700 phantom Congressional districts that received stimulus grants (read money laundering).
Keep in mind, some 85% of Obama's stimulus is still in Washington. Ohaha's saving it for imperiled Dems' 2010-12 elections.
BACKSTORY On June 9, 2009, Pres Ohaha called a press conference to announce, "Several financial institutions are set to pay back $68 Billion to taxpayers." Resonable people (taxpayers) assumed that any money or profit would be returned to the general funds from whence it had come .......in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Dept-controlled slush fund.