Fanny-Freddy lock barn after horse escapes

Fanny-Freddy lock barn door after horse escapes

By Donald Hank

I just attended a settlement for sale of our home and while at the table, I had the opportunity to talk to the lender for the buyers, who was very savvy about the way government-backed mortgage lenders are enforcing and writing policies.

I asked him whether policies at the government sponsored lending agencies had changed. Here is what he said and what every American needs to know if we are to remain free:

Fanny and Freddy, the Democrat controlled GSEs (Government Sponsored Enterprises) who used to all but force lenders to lend without documentation or credit are now more strict than any other lender!

Isn’t it obvious what is happening? This new crackdown is aimed to make it look like the Bush administration caused the whole problem by not regulating anything. But for decades, Fanny-Freddy had all but caused the entire banking problem by 1) refusing to regulate lending and 2) by enforcing the CRA, which forced banks and other lenders to lend without checking documents and without requiring down payments. People on welfare were getting mortgages. People with bad credit were getting mortgages. Millions of illegal aliens were even fraudulently getting mortgages, all with the blessings and encouragement of Democrat-controlled Fanny-Freddy.

Read more at http://www.jbs.org/jbs-news-feed/5027

Bullies firmly in charge of your country

Democrat bullies now rule America

by Donald Hank

 

America voted for the bullies who destroyed the most powerful US banks. Is this what voters really wanted?

Without a doubt, they were duped – with the help of a RINO outgoing president and a RINO candidate, both of whom signed the bailout bill, and neither of whom ever said a word about the role of ACORN and the CRA (Community Reinvestment Act) in the failure of America’s banks.

Notice that, in the article linked below, ACORN – which Barack Obama served as counsel – did things that were completely illegal and even criminal, bursting into a meeting to which they were not invited. Yet, because they were black and posing as victims, they were given a pass. America’s guilt over slavery is its Achilles heel and the Left has shown they can exploit it to the hilt.

This is exactly the kind of behavior seen in China under Chairman Mao, who encouraged the Red Guard, a loosely organized bunch of bandits, to raise havoc against suspected enemies of the state, even communist officials appointed by Mao himself. In the Great Leap Forward, the Guard viciously attacked, beat, browbeat, jailed and even killed thousands of generally innocent people branded as “enemies of the people,” and later in the Cultural Revolution, they turned against the Party officials themselves. Millions lost their lives. Almost no doctors were left in the hospitals – almost all of the intellectuals and professionals were in jail (see the Chinese movie “To Live”). The Left, no matter where it comes to power, inevitably follows this kind of pattern to some extent or other, but Obama will carry it further. Mao believed in constant revolution. For him, there was to be no peace. Peacetime is when revolutionaries (the Left) believe people are plotting against them.

Woe unto anyone – even convinced leftists themselves – who thinks they can co-exist with the Left or even cooperate with power-wielding leftists. The vast majority of Mao’s victims were convinced communist leaders.

How can the useful idiots of today expect to be spared now that America’s first openly Marxist president is in place? They will spare neither the RINO appeasers nor their fellow leftists, because leftists are smart: they know no one – not even they – can trust a leftist.

Although the Left has behaved much the same everywhere it seized power, many Americans on both sides of the political spectrum still cling to the myth that the American Left is somehow different from that of other countries. If that has been true to some extent heretofore, it is only because there has always been a strong counterweight among conservatives and Middle America. That counterweight seems to be vanishing as more and more “conservative” politicians cave and wave the white flag and as “conservative” citizens abandon their posts in the belief that the idea of freedom is somehow no longer valid in a world in crisis. Actually, these time-honored ideas are more vital to our existence than ever.

 

Quote: “FOR years, ACORN had combined manipulation of the CRA [Community Reinvestment Act] with intimidation-protest tactics to force banks to lower credit standards. Its crusade, with help from Democrats in Congress, to push these high-risk “subprime” loans on banks is at the root of today’s economic meltdown.”

October 14, 2008

Spreading the Virus – How ACORN and Its Dem Allies Built the Mortgage Disaster

Stanley Kurtz

To discover the roots of to day’s economic crisis, consider a tale from 1995.

That March, House Speaker Newt Gingrich was scheduled to address a meeting of county commissioners at the Washington Hilton. But, first, some 500 protesters from the Association of Community Organizations for Reform Now (ACORN) poured into the ballroom from both the kitchen and the main entrance.

Hotel staffers who tried to block them were quickly overwhelmed by demonstrators chanting, “Nuke Newt!” and “We want Newt!” Jamming the aisles, carrying bullhorns and taunting the assembled county commissioners, demonstrators swiftly took over the head table and commandeered the microphone, sending two members of Congress scurrying.

Read more.

 

Deadly fallout from socialized medicine

Americans, here comes what you voted for: socialized medicine. To get an idea what that will cost you, read below. Once your cash-hungry government is in control and once it is apparent that taxes alone will not sustain their greed for power, this will happen here.

Outrage over organs ‘sold to foreigners’

By Sarah-Kate Templeton

timesonline.co.uk

THE organs of 50 British National Health Service donors have been given to foreign patients who have paid about £75,000 each for private transplant operations in the past two years, freedom of information documents show.

The liver transplants took place at NHS hospitals, despite severe shortages that mean many British patients die while waiting for an organ that could save their lives.

The documents disclose that 40 patients from Greece and Cyprus received liver transplants in the UK paid for by their governments. Donated livers were also given to people from non-European Union countries including Libya, the United Arab Emirates, China and Israel.

Read more.

Does ALIPAC really believe Obama cares about the Constitution?

http://www.alipac.us/ftopic-142118-0-days0-orderasc-.html

Alipac has written a letter for you to sign that will be sent to Obama urging him to honor the constitutional duty to defend the borders and stem illegal immigration.

This letter is fine and covers all the bases.
There is only one problem: it is written from the standpoint that Obama really cares about the Constitution.
When writing to a far-leftist, you must write from the standpoint that by doing this he would be helping himself and his cause — politics is the motivator for Obama, not the Constitution.
The best approach would be to say that John McCain accused Obama of being against amnesty (he did this ONLY in his messages in Spanish) and that Obama won partly because conservatives perceived McCain as more soft on illegal immigration and Obama as tougher. So since Obama was elected on a pro-security, anti-invasion platform, he owes it to his constituents to follow through with tough policies and enforcement. Of course, it is a stretch, but Chicago guys like Blagojevich and Obama are looking out for Number One first, not somebody’s rights.
You should, of course, also provide an obligatory mention of the Constitution to provide cover for Obama to do this politically motivated thing.
That is the way they get it done in Chicago and the Chicago way is now the way of the White House.

 

Did FDR “get us out of the Depression”?

It is becoming increasingly clear that FDR, far from getting us out, prolonged the Depression through inept policies, such as the destruction of 6 million piglets in an effort to raise farm prices. In the middle of a depression? Yes!

Sadly, recalling the phony “lesson” of FDR’s recourse to Keynesian economics (Big Government), Americans reflexively said they thought a Democrat would be able to get us out of our current crisis.

Good luck with that one…

Read more below:

Factors in Great Depression

http://www.econlib.org/library/Enc/GreatDepression.html

How about San Diego for your next convention?

If you or your group are looking for a hotel with good family values, may we recommend the Manchester Grand Hyatt in San Diego?

http://www3.signonsandiego.com/stories/2009/jan/10/1m10boycott002758-scholarly-types-see-lessons-boyc/?zIndex=35006

So you want to be a useful idiot

Olavo de Carvalho explains, in the column below, the psychological and sociological mechanisms by which people become pawns in the hands of leftwing political activists, who use them to get their man elected and keep him in power.

Donald Hank

 

Quick lesson in sociology

By Olavo de Carvalho

Emile Durkheim, the founder of sociology, taught that there is a limit to the quota of abnormality which the collective mind is capable of perceiving. This can be given two interpretations, either simultaneously or alternatively:

I — when standards fall below the limit, society automatically adjusts its focus of perception to consider as normal what once appeared abnormal, to accept as normal, commonplace and desirable, what was once feared as weird and scandalous.

II — when the abnormality is excessive, surpassing the limits of the acceptable quota, it tends to pass unperceived or simply to be denied. The intolerable becomes nonexistent.

While it hardly corresponds to measurable quantities, the “Durkheim constant,” as it is usually called, has been found to be an effective analytical tool, particularly at times of historical acceleration, when various changes in standards occur and are put in place within a single generation and can be seen, so to speak, with one’s own eyes.

Daniel Patrick Moynihan, Robert Bork and Charles Krauthammer used this constant intelligently to explain the dizzying changes in American morality since the 60s. Bork wrote in 1996: “it is highly unlikely that a vigorous economy can be sustained by a weakened hedonistic environment of culture, particularly when this culture distorts incentives, rejecting personal achievement as a criterion for the distribution of rewards.” Twelve years later, the idea that bank loans are not a bargain between responsible parties but rather an indiscriminate universal right guaranteed by the government and by pressure from activist NGOs, has done its dirty work. The fact that the creators of the problem do not feel the least bit responsible for it, preferring to cast the blame precisely on those who did everything to avoid it, illustrates the fall of moral standards that I see accompanying the fall of lending standards.

However, the most interesting thing about this is not the application of the principle for the purposes of explanation but rather its practical use as a political weapon. For over a century, all movements interested in imposing sociocultural modifications against the preferences of the majority have avoided direct confrontation with public opinion. They have tried to deceive it by clever use of the “Durkheim constant,” which every revolutionary activist worth his salt knows by heart.

According to Interpretation I, the principle is applied by means of mild continuous pressure, carefully, slowly, gradually lowering the standards, first in the popular imagination by means of the arts and show business, then in the realm of ideas and educational values, followed by the field of overt activism proclaiming the most aberrant novelties to be sacred rights, and finally in the realm of law, criminalizing adversaries and diehards, assuming that any are left. With almost infallible consistency, we find that self-proclaimed conservatives conform passively — sometimes comfortably — to change without noticing that a new identity has been foisted on them from the outside like a straitjacket by those who hate them the most.

 According to Interpretation II, the Durkheim constant is used to turn society upside down overnight without encountering any resistance by means of lies and bluffs so colossal that the population instinctively refuses to believe that there is anything real behind them. The actual victim of the swindle reacts vehemently to any attempt to expose it, because he feels that admitting the reality of the situation would be a humiliating confession of stupidity. In order not to feel like a fool, the poor devil is willing to be a fool without sensing that he is one, confirming the old Jewish proverb “a fool has no delight in understanding.” This is why the biggest revolutionary organization in the history of Latin America, the Forum of Sao Paolo, was set up there in an environment in which all reports about it were ridiculed as signs of insanity, despite all manner of documentary support and proof of its existence. And it is why the United States of America may soon have a president without any proof of US nationality, financed by thieves and tied by a thousand commitments to terrorist and genocidal groups, while his own biggest opponent proclaims he is “a decent person that you do not have to be scared about.”

Translated by Donald Hank

 

Olavo de Carvalho, 61, taught Political Philosophy at the Catholic University of Parana (Brazil) from 2001 to 2005. He now lives in the U. S. as a correspondent for Brazilian newspapers. Website: www.olavodecarvalho.org.

The crisis with Obama’s footprints all over it

The manufactured crisis

 

By Donald Hank

Joan Battey, a good friend of Laigle’s Forum, writes:

James Simpson, a former White House economist, has just published “Barack Obama & the Strategy of Manufactured Crisis” – on AmericanThinker.com at http://www.americanthinker.com/ 2008/09/barack_obama_and_the_strategy.html

Listen to this Interview of James Simpson, by Sandy Rios, Tuesday 9/30 – WYLL 1160AM, Chicago, IL
From http://www.culturecampaign.com/culturecorner.aspx

Further documentation connecting the dots of all the neo-Marxists who have invested in the development of Barack Obama may be found on discoverthenetworks.org

Please take the necessary time to read each linked article and listen to the Sandy Rios program, plus this one: http://www.foxnews.com/story/0,2933,432501,00.html.

You need to know the facts and draw the conclusion. To put it plainly, numerous activists on the Left have been orchestrating this crisis and others yet to come in order to introduce full-blown socialism in the US. Once they perpetrate a crisis and impoverish us, for example, as they did with welfare, they immediately blame free-market capitalism. If enough Americans believe this lie, the American experiment is finished and it will have failed! It is as simple as that. If you are not sure whether we need the Obama Kool-Aid or not, please read all the links above and listen to the Sandy Rios program linked there. Take notes. There is nothing more important on your agenda today than this.

Meanwhile, I just received an email from Sen. Arlen Specter in response to an email of mine regarding his vote in favor of the bailout.

According to this email, one of the details of the bill was as follows:

A first-time homebuyer tax credit of up to $7,500 is included in the Act, which serves as the equivalent to an interest-free loan to be paid back over 15 years. 

For those wondering what a tax credit is, it is much more than a deduction. It is a give-away. It is free money – at taxpayer expense.

My email in response:

Hello Senator,

With all due respect, it is the kind of give-away scheme you describe that got us into the mess in the first place. How could you support such a scam? You write, in all seriousness:

A first-time homebuyer tax credit of up to $7,500 is included in the Act, which serves as the equivalent to an interest-free loan to be paid back over 15 years. 

First, most of the bailout package rewards Fanny Mae and other lenders for bad decisions and rewards the government for forcing lenders to give out loans at subprime rates, with no documentation required (no job needed!), no down payment, etc.

I understand that the entire bailout package will cost every American $10,000. So to save some people $7,500, we honest people who do NOT default on mortgages or buy things we can’t afford, must now give up $10,000? Even the person who gets the $7,500 will have to pay $10,000. AND home prices will rise accordingly, as they did during the last scam under the Community Reinvestment Act.

With all due respect for your office sir, have you ever stopped to think that this will only exacerbate the current crisis not only through the enormous tax burden but by artificially raising home prices? No one will benefit, except Washington.

Sincerely,

Don Hank

You can easily understand why a lender would want to know if the borrower has a job and can make enough money to repay a loan. But let me also briefly explain why banks have always, in every country in the world, throughout history, required down payments.

Lenders learned centuries ago that when they lent people money for housing without requiring a down payment, this is what often happened when economic conditions worsened:

1-The home prices in that area fell.

2-At the same time, the lender lost his job and couldn’t pay

3-When the lender foreclosed and tried to resell the house to recoup some of his cash, he lost money, often as much as 20%, because the house sold at a loss in the softer market.

That is the reason for the down payment. The reason lenders stopped requiring down payments in the last part of the 20th century was a series of Democrat-supported enactments, including the Community Reinvestment Act (under Carter), which was strengthened under Clinton and Bush, whose HUDs required Fanny Mae to drop or weaken all the safeguards enumerated above (down payment requirements, documentation of employment, etc). To pass this dangerous legislation, the Democrats claimed that minorities were being denied mortgages on the basis of race, when in fact, the minority communities statistically simply did not have enough people with good credit, good jobs and jobs to justify as many mortgages as the Democrats called for. It was – and is – politically incorrect to mention these inconvenient truths. People who now demand fairness in lending are called racists. Community organizers like ACORN, a group that worked hand-in-hand with Barack Obama, used strong-arm tactics to shake down banks and force them to give mortgages to people who could not afford them and then when the loans were, inevitably, foreclosed, the same people who caused the crisis blamed the banks. That way, they could blame the free market and make gullible people believe that America needs socialism, when in fact what we desperately need is less socialism.

Leftist activists are coming out of the shadows and openly gloating that America is now a socialist country. Many naïve people actually believe that socialism will lead to prosperity, even though this system destroyed the Soviet Union, China (under Mao), North Korea and many others and impoverished Europe, where families, even professionals, can hardly scrape by any more.

If you want to salvage even a remnant of the free market system that made America great, you need to widely forward the above links and talk to as many people as you can between now and the election and tell them what you have learned.

And pray that God will spare us from what appears to be an impending disaster manufactured by the Left.

Here is where this was supposed to end, but another dear friend of Laigle’s Forum sent me this urgent message. WATCH THIS VIDEO and read his message!

SUPER IMPORTANT!!!!!

WATCH THE VIDEOS AND PASS THEM ON AS WIDE AND LONG AS POSSIBLE . . . AND FAST

Watch the following videos in sequence so that you get the flavor of the entire HORRIBLE enchilada. Obama can kiss goodbye his presidential ambitions. (Hillary’s collection of Obama’s skeletons has started to leak!)

1- Barack Obama and his Kenyan cousin Raila Odinga – The mother of all October surprises!

http://uk.youtube.com/watch?v=S8QcpdUtxNQ&feature=related

. . . shocking, huh?

Now you will understand the true meaning of the next two . . .

2- Children Singing for The Dear Leader, Comrade OBAMA

http://www.youtube.com/watch?v=KrfrdptVJEg

3- Obama Youth – Junior Fraternity Regiment – Brown Shirts in the Making?

http://www.youtube.com/watch?v=rUEQz5dltmI

Barack Obama MUST be defeated on November 4: Such a threat to America and to the world cannot be elected President of the United States of America.

Do all you can do legally to defeat him!