riverrat10k
Regular Member
I haven't been posting much on open carry lately because I have been spending a lot of time watching this. I finally have to warn all my OC buddies how dangerous times have become. I urge everyone to follow the links below and to educate yourselves about the massive fraud being perpetrated against the American people by the big banks, the Fed, and the corruptocrats.
A sample from bank analyst Chris Whalen:
As a result, these same large zombie banks and the U.S. economy will continue to shrink under the weight of bad debt, public and private. Remember that the Dodd-Frank legislation was not so much about financial reform as protecting the housing GSEs.
Because President Barack Obama and the leaders of both political parties are unwilling to address the housing crisis and the wasting effects on the largest banks, there will be no growth and no net job creation in the U.S. for the next several years. And because the Obama White House is content to ignore the crisis facing millions of American homeowners, who are deep underwater and will eventually default on their loans, the efforts by the Fed to reflate the U.S. economy and particularly consumer spending will be futile. As Alan Meltzer noted to Tom Keene on Bloomberg Radio earlier this year: "This is not a monetary problem."
Forget Treasury Secretary Tim Geithner lying about the relatively small losses at American International Group (AIG), the fraud and obfuscation now underway in Washinton to protect the TBTF banks and GSEs totals into the trillions of dollars and rises to the level of treason. And the sad part is that all of the temporizing and excuses by the Fed and the White House will be for naught. The zombie banks and GSEs alike will muddle along until the operational cost of servicing bad loans engulfs them. Then they will be bailed out -- again -- or restructured.
http://market-ticker.org/akcs-www?blog=Market-Ticker
http://www.zerohedge.com/
http://stopforeclosurefraud.com/
http://www.bloomberg.com/news/2010-...es-deutsche-bank-over-mortgages-update1-.html
From the Bloomberg link:
Assured said more than 83 percent of 1,306 defaulted loans examined in one of the transactions, ACE’s Home Equity Loan Trust, Series 2007-SL2, breached Deutsche Bank’s representations and warranties. In the second deal, Home Equity Loan Trust, Series 2007-SL3, 86 percent of the 1,774 loans breached the agreements, Assured said
We have been suckered and defrauded, folks. It is times like these that the second amendment was meant for.
I have a friend with some rental homes. Recently, he caught a locksmith BREAKING AND ENTERING THE HOME TO CHANGE THE LOCKS AT THE REQUEST OF THE BANK WHO HELD THE MORTGAGE. Problem was, he was not delinquent; the home was vacant due to him evicting tenants. Whomever the bank hired to check out the property reported it as vacant and the bank tried TO STEAL HIS PROPERTY, hoping he would never fight it.
When the rule of law is no longer followed in this country, or we have a two-tiered system of "in the club" and "out of the club", the social contract is broken.
God help us all.
A sample from bank analyst Chris Whalen:
As a result, these same large zombie banks and the U.S. economy will continue to shrink under the weight of bad debt, public and private. Remember that the Dodd-Frank legislation was not so much about financial reform as protecting the housing GSEs.
Because President Barack Obama and the leaders of both political parties are unwilling to address the housing crisis and the wasting effects on the largest banks, there will be no growth and no net job creation in the U.S. for the next several years. And because the Obama White House is content to ignore the crisis facing millions of American homeowners, who are deep underwater and will eventually default on their loans, the efforts by the Fed to reflate the U.S. economy and particularly consumer spending will be futile. As Alan Meltzer noted to Tom Keene on Bloomberg Radio earlier this year: "This is not a monetary problem."
Forget Treasury Secretary Tim Geithner lying about the relatively small losses at American International Group (AIG), the fraud and obfuscation now underway in Washinton to protect the TBTF banks and GSEs totals into the trillions of dollars and rises to the level of treason. And the sad part is that all of the temporizing and excuses by the Fed and the White House will be for naught. The zombie banks and GSEs alike will muddle along until the operational cost of servicing bad loans engulfs them. Then they will be bailed out -- again -- or restructured.
http://market-ticker.org/akcs-www?blog=Market-Ticker
http://www.zerohedge.com/
http://stopforeclosurefraud.com/
http://www.bloomberg.com/news/2010-...es-deutsche-bank-over-mortgages-update1-.html
From the Bloomberg link:
Assured said more than 83 percent of 1,306 defaulted loans examined in one of the transactions, ACE’s Home Equity Loan Trust, Series 2007-SL2, breached Deutsche Bank’s representations and warranties. In the second deal, Home Equity Loan Trust, Series 2007-SL3, 86 percent of the 1,774 loans breached the agreements, Assured said
We have been suckered and defrauded, folks. It is times like these that the second amendment was meant for.
I have a friend with some rental homes. Recently, he caught a locksmith BREAKING AND ENTERING THE HOME TO CHANGE THE LOCKS AT THE REQUEST OF THE BANK WHO HELD THE MORTGAGE. Problem was, he was not delinquent; the home was vacant due to him evicting tenants. Whomever the bank hired to check out the property reported it as vacant and the bank tried TO STEAL HIS PROPERTY, hoping he would never fight it.
When the rule of law is no longer followed in this country, or we have a two-tiered system of "in the club" and "out of the club", the social contract is broken.
God help us all.