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Old 09-21-2011, 08:37 AM
 
5,346 posts, read 4,035,312 times
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Quote:
Originally Posted by workingclasshero View Post
actually

carter, bush1, clinton, bush2, obama...all students of BRZEZINSKI....all CFR, and TLC
Timeline of the Rothschild family

Actually... it goes back to Harry Truman...

1948: In the Spring of this year, the Rothschilds bribe President Harry S. Truman (33rd President of the United States 1945 – 1953) to recognise Israel (Rothschild owned Zionist not Jewish territory) as a sovereign state with $2,000,000 which they give to him on his campaign train.

They then declare Israel to be a sovereign Jewish state in Palestine and within half an hour President Truman declared the United States to be the first foreign nation to recognise it.

The Flag of Israel is unveiled. Despite tremendous opposition the emblem on the flag is a blue coloured version of the Rothschild, "Red Hexagram or Sign."

This angers many Jews who realise this Hexagram was used in the ancient mystery religions as the symbol of, "Moloch,"
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Old 09-21-2011, 08:38 AM
 
Location: Wisconsin
37,873 posts, read 21,972,634 times
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Quote:
Originally Posted by btsilver View Post
So what you are saying is that the Republicans, (or Conservatives I guess since what you state makes 60% of the Republican party globalist progressives) have done nothing wrong or took no part in this mess that has been building for the last 30 years?
didn't he start out naming Bush as a part of the problem?
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Old 09-21-2011, 08:40 AM
 
Location: Brooklyn
40,049 posts, read 34,509,793 times
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Quote:
Originally Posted by HC475 View Post
There has been a media blackout on the events taking place on wall street. thousands are camping out in protest of the money that was stolen from all of us and the poverty that so many americans and peoples around the world find themselves in as the transfer of the money makes many poor and the rich more rich.
the world may be watching - but Americans arent seeing it except here...
Just out of curiosity--do you happen to live in New York City? A couple of hundred people (nowhere near the "thousands" you speak of) congregated on Wall Street for what was being hyped as a Day of Rage. If there was any rage at all, it was expressed by the people being inconvenienced as they tried to go to work.

If the world was watching, which I highly doubt, then it must have been fairly unimpressed. Americans didn't miss anything at all.
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Old 09-21-2011, 08:40 AM
 
Location: Long Island
32,816 posts, read 19,398,176 times
Reputation: 9618
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
Subprime mortgages were considered "financial innovation" b. Financial overregulation was the problem, our problems were all CRA, Fannie and Freddie. (Nevermind that many in the GOP supported Fannie and Freddie)
oh please

the subprimes were part of clintons housing plan

Higher Loan-to-Value Ratio; Fannie Mae Eases Refinancing Rules
By Mervyn Rothstein
Published: November 28, 1993

The Federal National Mortgage Association, the country's largest source of home mortgage funds, has revised its policy to make it easier for some homeowners to refinance their mortgages and take advantage of current low interest rates.

The change expands Fannie Mae's mortgage refinancing policy to include home loans with as high as a 95 percent loan-to-value ratio. Previously, refinancing required no more than a 90 percent loan-to-value ratio.

....
.NYT 1993....


Fannie Mae Seeks to Ease Home Buying
By KEITH BRADSHER,
Published: March 10, 1994
WASHINGTON, March 9— The organization that stands behind many of the nation's mortgages is taking broad steps to make home ownership easier for lower-income Americans, particularly recent immigrants and minorities, people involved in the effort said today.

Under the new rules, banks would have more flexibility in lending to people who already owe a considerable amount of money or who cannot afford a down payment equal to 20 percent of the price of a home, the people said. Tuesday Announcement.
President Clinton is tentatively scheduled to attend the announcement. The Administration is urging that loans be more broadly available to poor and lower-middle-income Americans.
Fannie Mae Seeks to Ease Home Buying - NYTimes.com (http://www.nytimes.com/1994/03/10/business/fannie-mae-seeks-to-ease-home-buying.html?scp=695&sq=fannie+mae&st=nyt - broken link)
--------------------------------------

Giving Credit Where Credit Was Denied - NYTimes.com

Published: June 8, 1997

calls its ''no-doc product'' -- as in no documents needed.

According to Jay Siegel, a vice president at Moody's Investor Service: ''Subprime loans have exploded from $7 billion in 1992 to $37 billion in 1996 as a sector of the entire securitized conventional loan market.'' That $37 billion, Mr. Siegel said, represents 11 percent of all the conventional loans that were securitized in 1996, up from 1.4 percent in 1992.

According to Jay Siegel, a vice president at Moody's Investor Service: ''Subprime loans have exploded from $7 billion in 1992 to $37 billion in 1996 as a sector of the entire securitized conventional loan market.'' That $37 billion, Mr. Siegel said, represents 11 percent of all the conventional loans that were securitized in 1996, up from 1.4 percent in 1992.

The agencies have also, for the first time, become guarantors of subprime loans. In fact, on May 21, Freddie Mac agreed to guarantee the securitization of $227.3 million in subprime loans originated by the First Union Home Equity Bank.

Several industry analysts point out that the trend toward subprime lending has been a boon to the nation's affordable housing movement. ''There are more subprime opportunities that dovetail well with C.R.A.-required lending,'' said Mr. Gumbinger.

C.R.A. is the Community Reinvestment Act, a law passed by Congress in 1977 to combat red-lining -- the systematic policy of banks to avoid making loans in poor communities. The law requires Federally regulated banks and savings and loans, but not mortgage banks, to ''help meet the credit needs of communities in which they are chartered.'' If one of those lenders applies to Federal regulatory agencies for a merger or a new charter, it must demonstrate that it has originated a sufficient number of loans in low- and moderate-income neighborhoods.

----------------------------

Homeowners Record Is Set in Third Quarter
By STEVEN A. HOLMES
Published: November 1, 1997
Independent analysts, as well as those in the Clinton Administration, say that the rising number of homeowners -- including many, like Ms. Crittendon, who are first-time buyers -- is the result of several factors. These include low interest rates, low unemployment, rising incomes, a number of Federal assistance programs, increased competition among mortgage lenders, and better enforcement of fair-housing laws.

''It's not just that it's a strong economy,'' said Andrew M. Cuomo, Secretary of Housing and Urban Development. ''It's that people are willing to believe that they'll have a job long term, that their house will appreciate and that their incomes will grow.''

These increases stem in part from rising incomes and lowered unemployment among minorities and single women. The rise is also the result of several policies adopted by the Bush and Clinton Administrations. Starting in 1991, for example, Federal regulators, when asked to approve bank mergers, began to include a bank's lending history in low- and moderate-income areas as part of their review.

In 1993, Congress ordered the two Federally chartered lending companies, Fannie Mae and Freddie Mac, to increase their loans to low- and moderate-income borrowers. In 1995, seeking to save his department from elimination by the newly elected Republican-led Congress, Housing Secretary Henry G. Cisneros adopted a ''national homeownership strategy'' that eased requirements to qualify for Federal Housing Administration-insured loans and reduced closing costs by as much as $1,200 on those loans for first-time buyers.

Homeowners Record Is Set in Third Quarter - NYTimes.com (http://www.nytimes.com/1997/11/01/us/homeowners-record-is-set-in-third-quarter.html?scp=66&sq=1995+fannie&st=nyt - broken link)

-------------------------
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
WASHINGTON, Sept. 29— In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com

--------------------------

U.S. Proposes Rules to Help House Buyers
Published: March 5, 2000

WASHINGTON, March 3— The federal government has proposed new rules that would make it easier for low-income house buyers to qualify for mortgage loans, a move intended to help blacks and other minorities buy houses.

The proposed rules from the Department of Housing and Urban Development would require two of the largest housing finance companies in the country, Fannie Mae and Freddie Mac, to increase the percentages of overall loans that they offer to lower-income families from the current standard of 42 percent to 48 percent in 2000 and to 50 percent in 2001.



The companies would be required over the next 10 years to buy $2.4 trillion in mortgages from banks and other lenders to assist the 28 million American families with low and moderate incomes. Many of those families are minorities, housing officials said.

Fannie Mae and Freddie Mac fall under federal oversight because they receive special exemptions from Congress from all state and local taxes except property taxes and from Securities and Exchange Commission registration requirements.

The requirements for mortgage purchases were last set in 1995. The goals were up for renewal this year, as required by Congress. The housing administration could have lowered the goals or have left them unchanged. After a 60-day public comment period, a final rule is expected in the fall.

U.S. Proposes Rules to Help House Buyers - NYTimes.com (http://www.nytimes.com/2000/03/05/us/us-proposes-rules-to-help-house-buyers.html?scp=1101&sq=fannie+mae&st=nyt - broken link)

''This rule will greatly expand the supply of affordable housing across the country,'' said Housing Secretary Andrew M. Cuomo.

The companies buy mortgages for homes and apartment buildings from banks, savings and loans and other mortgage lenders, and package and sell the loans to investors. When Freddie Mac and Fannie Mae buy mortgages from lenders, they provide the lenders with cash to issue new mortgages.



--------------------------

President Clinton, with the blessing of Democrats in Congress, advanced an agenda which they called, The National Homeownership Strategy: Partners in the American Dream. (Do a Web search.) In short, it encouraged mortgage lenders to loosen-up their requirements for those seeking mortgages, thus making home ownership available to those who otherwise wouldn't qualify - in other words, for those who couldn't afford it.

The government, as a result, relaxed requirements for the federal guarantee on those mortgages: lowered income to payment ratio, relaxed income verification, reduced (or eliminated) down payments, etc. Mortgage lenders, as ones who issued those government backed loans, were encouraged - or possibly directed - to follow suit. (I say directed to follow suit because those lenders had to follow government rules if they wanted to continue to be able to issue FHA loans.)

The National Homeownership Strategy: Partners in the American Dream, is a "..... public-private partnership working to dramatically increase homeownership opportunity in America. Under the directive of President Clinton, the Partnership was formed in 1995 by nearly 60 national organizations that care about homeownership. Today, the Partnership consists of 66 members representing lenders, real estate professionals, home builders, nonprofit housing providers, and federal, state and local governments.

HUD Secretary Andrew Cuomo said: "The good news as we mark National Homeownership Week is that homeownership in America is at record levels. But the bad news we face is that many of HUD's homeownership and other programs are under attack by some members of Congress. The success of our homeownership initiatives proves that HUD in combination with local organizations can further our goal of even more homeownership and fulfill our commitment to liberty and equity for all."
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Old 09-21-2011, 08:44 AM
 
5,346 posts, read 4,035,312 times
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Quote:
Originally Posted by Wapasha View Post
In Palestine? Are you saying Palestine was a sovereign nation in 1948?
Timeline of the Rothschild family

1948: In the early hours of April 19, 132 Jewish terrorists from the Irgun gang, led by future Israeli Prime Minister Menachem Begin, and the Stern gang, led by future Israeli Prime Minister Yitzhak Shamir, brutally massacre 200 men, women and children as they are sleeping peacefully in the Arab village of Deir Yassin.

Following the United Nations transfer of Palestine to an independent Jewish state and an independent Arab state on May 15, the Israelis launched a military assault on the Arabs with blaring loudspeakers on their trucks informing the Arabs that if they did not flee immediately, they would be slaughtered.
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Old 09-21-2011, 08:45 AM
 
3,457 posts, read 3,613,635 times
Reputation: 1544
Quote:
Originally Posted by workingclasshero View Post
oh please

the subprimes were part of clintons housing plan

Higher Loan-to-Value Ratio; Fannie Mae Eases Refinancing Rules
By Mervyn Rothstein
Published: November 28, 1993
--cut--

jesus christ, do you even read the mess you are posting?

there's nothing relevant in your post to rebut. i said subprime, not refinancing mortgages through Fannie Mae and Freddie Mac. You're just throwing whatever you can find up there, and hoping something sticks.
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Old 09-21-2011, 08:50 AM
 
15,913 posts, read 20,141,773 times
Reputation: 7693
I go to read a thread whose title is:

America Riots!... Complete Media Blackout on Wall Street

And what do I read?

Quote:
Timeline of the Rothschild family

1948: In the early hours of April 19, 132 Jewish terrorists from the Irgun gang, led by future Israeli Prime Minister Menachem Begin, and the Stern gang, led by future Israeli Prime Minister Yitzhak Shamir, brutally massacre 200 men, women and children as they are sleeping peacefully in the Arab village of Deir Yassin.
The OP hijacking their own thread? --------------------------> PRICELESS <--------------------------
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Old 09-21-2011, 08:51 AM
 
5,346 posts, read 4,035,312 times
Reputation: 545
Quote:
Originally Posted by plwhit View Post
I go to read a thread whose title is:

America Riots!... Complete Media Blackout on Wall Street

And what do I read?

The OP hijacking their own thread, PRICELESS
The Palestine issue came up... it's related...
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Old 09-21-2011, 08:52 AM
 
Location: Long Island
32,816 posts, read 19,398,176 times
Reputation: 9618
Quote:
Originally Posted by btsilver View Post
So what you are saying is that the Republicans, (or Conservatives I guess since what you state makes 60% of the Republican party globalist progressives) have done nothing wrong or took no part in this mess that has been building for the last 30 years?
first off. there are very few real republicans or conservatives...many are neo-cons (which are libveral progressives in southern baptist clothing)
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Old 09-21-2011, 08:52 AM
 
24,366 posts, read 22,946,540 times
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I heard a local rabble rouser on talk radio complaining about these protestors. Call him an old school protestor, he's not quite a hippy, not quite an anarchist just your basic anti establishment cynic. He was less than impressed with these " spoiled rich kids" as he called them who had the financial means to go in and stage a protest like they did.
He's complained about government and corporations but even he saw through these phony balonies who blame everything on America or multinational corporations or anybody with money.
These losers could be protesting local problems in their home communities or be trying to actually help solve them. Still, they probably cost old Mayor Bloomberg some money dealing with them and raised his blood pressure a bit so maybe they actually did something even if it was unintended.
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