[Cincinatus' Wife]

"....Democrats get their power by enslaving minorities through welfare, they create a class of utter dependent slaves.....an assault on human dignity, ................given handouts for their needs for their votes... under the guise of compassion, of caring about the "little guy."

RUSH LIMBAUGH

[Cincinatus' Wife]

Jan 1, 2011 [Ann Coulter] Investigate This! ....................."As Peter Schweizer points out in his magnificent book "Architects of Ruin," which everyone should read, Enron's accounting fraud was a paltry $567 million -- and it didn't bring down the entire financial system. Those involved in the Enron manipulations went to prison. Raines and Gorelick not only didn't go to jail, they walked away with multimillion-dollar payouts, courtesy of the taxpayer.

(Here's more fascinating Jamie Gorelick trivia: That giant wall she built between the FBI and the CIA, making 9/11 possible? It was financed with a risky loan from Fannie Mae.)

Under the Democrats' 2010 "Financial Reform" bill (written by Chris Dodd, Barney Frank and Goldman Sachs), Raines keeps his $90 million, Jamie Gorelick keeps her $26.4 million, and Goldman keeps its $12 billion from the AIG bailout.

Let's get it back. Twelve billion, one hundred and sixteen point four million dollars might not sound like a lot to you, but it starts to add up."

~~~~~~~~~~~~~~~~~~

NRO- July 21, 2011: Dodd-Frank’s Fannie Trap "One year ago today, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Despite the “Wall Street” moniker, the tentacles of Dodd-Frank’s 2,315 pages and hundreds of pending rules reach across many American streets to many types of businesses, from manufacturers that use derivatives to hedge inflation and interest rates, to small stores that extend credit through layaway plans.

Ironically, about the only two firms Dodd-Frank doesn’t touch are the two most responsible for the crisis: the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In their new book, Reckless Endangerment, New York Times financial columnist Gretchen Morgenson and market analyst Joshua Rosner write that Fannie “led both the private and public sectors down a path that led directly to the financial crisis of 2008.” At the end of the book, the authors note with dismay, as have many conservative critics, that the law doesn’t lay a glove on Fannie and Freddie.

GSE reform is coming, promises the Obama administration. In an op-ed yesterday in the Wall Street Journal, which largely consisted of blasting Republicans for efforts to lessen Dodd-Frank’s impact, Treasury Secretary Timothy Geithner proclaimed, “We have started the process of winding down Fannie Mae and Freddie Mac and reforming the overall mortgage market.”

Yet Fannie and Freddie are bigger than ever, securitizing nine out of ten home mortgages and receiving unlimited guarantees from the taxpayer, thanks to the Obama administration’s Christmas Eve bailout of 2009. And one provision of Dodd-Frank has not only slowed the momentum of reforming the GSEs, but threatens to make them even bigger....."

[Nepeta]

My guess is if you matched household to household by educational and marital status, the numbers would match, with ethnicity not mattering.

Single mother who dropped out of high school? Single guy with no high school degree and a criminal record? Married couple with stable jobs? Married couple with kids? Educated individual with a professional degree? Skilled worker like a plumber or welder?

Sort them out according to similar groupings, and I doubt if you will see much difference in household wealth. It isn't about color--it's about the way you choose to live and work.

[gr8eman]

Yep...all of that and they ALL voted for it...and they will again, and so on, and so on, and so on!

[TalBlack]

Gunwalker, minority home ownership etc, all examples of leftists rejecting the worlds reality for their own.

It’s gonna’ lead to bloodshed, you know.

Always does.

[factoryrat]

Yeah, I. Think that was the idea. I think their plan was to instead of trying to bring minorities up to the middle class, they would bring the middle class down to the poor minority level. It’s easier to control poor and uneducated people, which is why it is the preferred method of choice employed by third-world dictators.

[dirtboy]

This was a classic (and typical) political error.

It is not the act of home ownership that leads to accumulation of wealth - it was the act of learning fiscal discipline that led to home ownership and only then did it lead to accumulation of wealth.

If you give someone a mortgage without them learning how to manage their finances first, they will not be able to hold onto that house. There are no shortcuts. But politicians always like to think there are, because selling the concept of gain without pain is usually an easy vote-getter.

[Anti-Bubba182]

In no case will the information in the article help end the failed welfare state. What it will be used for is to increase welfare due to the evil White people having the money.

[Vintage Freeper]

The War on Poverty, like all socialistic schemes, transfers wealth from those who create it to those who consume it. Whatever government subsidizes, you get more of it. Giving money to the poor does not reduce the number of poor people, it creates more of them.

The converse is also true. When you take wealth from producers, you get fewer people producing wealth.

Socialism is a negative sum game. Taking wealth from producers and giving it to consumers, results in more consumers and fewer producers. Society as whole becomes poorer.

Over time, the negative wealth production compounds. Everybody is progressively impoverished until society finally collaspes when the few people who are still producing decide to leave and produce somewhere else that is less punishing of production.

[Jabba the Nutt]

Let's say you are a KKK style racist, who hates blacks and wants them harmed. What would your strategy be?

Wouldn't you want to destroy the black family? How? Get the men out and replace them with a welfare check. Destroy any discipline in government schools, force all the black kids into the government schools, where simple warehousing and no learning takes place.

I could go on and on with policies to destroy blacks. Cut to the chase, THEY are LIBERAL policies. So, you put a black figurehead on top of the liberal policies, put the pedal to the metal. Only rubes and nitwits are surprised that the results hurt blacks. Actually, that's the purchase.

Speaking of rubes and nitwits, did anyone see O'Reilly's interview with Congressman Luis Gutierrez (D-Mex)? He's surprised that Obama lied to him in 2008, when he campaigned with him, that Obama was not going to push "Comprehensive Immigration Reform". Rube! Dupe!

[ex-Texan]

This Is What A Collapsing Ponzi Scheme Looks Like !

Excerpt:

Housing Market Headed Off A Cliff. 10.8 Million Mortgages At Risk

* * *Obviously this is going to significantly drive home prices further down, as I reported a few weeks ago, 28% of US homeowners already owe more on their mortgage than their homes are worth. A recent survey by Fannie Mae found that 27% of American homeowners are considering walking away from their mortgage. A perfect storm is brewing.

As prices continue to drop, with 10 million now at risk of default, a strategic default movement could devastate the “too big to fail” banks that caused this mess in the first place. * * *

Mostly Greenspan's fault but the 'to big to fail banksters' are all greedy bozos, too

Housing Bubble Leads to Deflation of Real Estate

I predicted all this in 2005. Pardon me while I take a long laugh break . . . LOL !