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Deep Purple

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Everything posted by Deep Purple

  1. You want to know why we had a financial melt down? It had nothing to do with Bush's war as the left are so fond of saying. It had everything to do with the mortgage crisis that hit every single major bank in the US and abroad. Also democrats have been in control of the Senate and Congress since 06, you do realize they are the ones that pass laws right? Here you go, everything is backed up factually here. What caused our current economic situation that America finds itself in today? Let us take a look shall we? • The housing bubble and collapse. • What caused the housing Bubble? • Subprime lender implosion • What is a subprime mortgage? • Risky Mortgages to Low-Income Bad Credit Borrowers • Where did they come from? Google Community Reinvestment Act • www.google.com Community Reinvestment Act Jimmy Carter and Democrats passed it to give incentives to low income borrowers. This required “Deposit Taking Financial Institutions offer equal access to lending” (Policylink.org) 1995 Bill Clinton Changes and the democrats added massive provisions that forced banks to issues 1 TRILLION Dollars in subprime mortgages all so people who could not afford homes before now could. This in effect caused the first “SUBPRIME Mortgage Securities” by Bear and Stearns. • “A SCHEME AGAINST THE NATIONS BANKS” (city-journal.org) Fannie Mae is a government sponsored Enterprise that Guarantee’s Mortgages and then sells them to Banks and Investors. In order to produce more Mortgages to create more money, how would one accomplish this? You move down the standard of income qualifications thus allowing those that previously could not purchase a mortgage a chance to do so at a greater risk for those that buy these mortgages. Remember all of this was accomplished through democratic legislation. Bankers were forced to issue Subprime mortgages or face harsh penalties. (Washington Post) • 10-30-2000 Fannie Mae announced a Pilot to Purchase $2 Billion Dollars of “MYCOMMUNITYMORTGAGE” loans; Pilot lenders to customize affordable products for “LOW-AND MODERATE – INCOME BORROWERES.” (CSRWire.com) How do you make mortgages affordable to those that normally cannot afford it? How about No Money Down, Interest Only, Variable Rate, No Income verification, Bad Credit, no Credit Loans, all no problem just, sign the dotted line. Remember again all of this was pushed by democratic legislation. Fact: In 2004 92% of Fannie Mae’s subprime loans were Variable rate loans. Fact: In 2005 91% of Fannie Mae’s subprime loans were Variable rate loans. Now a big problem arises from this, Interest Rates rise and all of these Variable rate loans are now unaffordable by those that couldn’t afford a house in the first place. Remember again this was pushed by the Democrats and their legislation. Now in 2007 Options Experts view Fannie Mae’s shares as worthless as they have continued to overstate the value of their assets as their guarantee’s were made worthless by higher interest rates, the decline of home values and the glut of foreclosures based on a sellers market as opposed to a buyers market. This is when regulators began to spin the public to boost Fannie and Freddie perception. (Marketwatch.com) and (Bloomberg.com) Banks began to collapse as a direct result of “WORTHLESS GOVERNMENT SPONSORED SECURITIES” issued by Fannie Mae. Jobs began to disappear and now we are in what some have called the “COMING OF THE SECOND GREAT DEPRESSION” and IMF said the “US Crisis is the largest financial shock since the Great Depression” (quardian.co.uk). Now many wonder and ask, why is the Community Reinvestment Act to “CRA” to blame? Let’s take a look BEFORE the CRA expansion. Home prices increase with inflation but after CRA home prices become unhinged from inflation, thus causing home prices to rise too fast, Economic Fundamentals did not support this wedge; Regulation mandated credit by the Democratic Party did thus creating what has now become known as the Housing Bubble waiting to, and finally bursting. DID THIS HAVE TO HAPPEN? NO In 2003 a new Agency was proposed to oversee Freddie Mac and Fannie Mae by of all folks, THE BUSH ADMINISTRATION folks, that’s who. They “Recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” “A new agency would be created within the Treasury Department to assume Supervision of Fannie Mae and Freddie Mac, the Government Sponsored companies that are the two largest players in the mortgage industry.” But guess what again folks, THE DEMOCRATS STOPPED IT! That’s right the same people that have blamed Bush for every conceivable problem with America in the last 8 years prevented and directly contributed to this failure. Their reasoning? Please read this slowly, “Supporters of the companies “DEMOCRATS” said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower income families.” (The New Times) • Barney Frank (D-MA) “The more People exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” • Melvin Watt (D-NC) “And in the process weakening the bargaining power of poorer families and their ability to get affordable housing.” AFFORDABLE HOUSING? In 2005 yet again someone tried to stop this madness that was perpetuated by the Democratic Party. Guess Who? John McCain warned of a Mortgage Collapse all the way back in 2005. He Co-Sponsored a bill, “The Housing Enterprise Regulatory Act of 2005 www.govtrack.us Bill S-190, This Bill would regulate Fannie Mae and Freddie Mac and guess who blocked it? You guessed it, the Democrats once again. It came back in 2007 and failed to pass again because of; you guessed it, the Democrats. (The Minority Report) Now because Fannie Mae had friends in high places such as the Senate: • Chris Dodd (D-CT) Sweetheart loan recipient Guess who else covered Fannie Mae’s rear-end? Barak Obama that’s who. And guess who Barak Obama chose to select his VP? Political insider James A. “JIM” Johnson who calls the top floor of the Ritz Carlton Hotel in Washington DC home. He also received a SWEETHEART loan from Country Wide Mortgage. More about Jim: • (1985-1990) Managing Director of Lehman Brothers NOW BANKRUPT • (1991-1998) CEO of Fannie Mae, WHEN CRA WAS EXPANDED! • Some have said that Jim Johnson was corrupt; Johnson improperly Deferred $200 Million in expenses. • Fannie Mae Under-Reported Johnson’s compensation, originally reported as $6-7 Million, Johnson actually received $21 million. THAT IS A HUGE DESCREPENCY! • He gave Barak Obama the maximum donation allowed by law, $4,600 • Currently is now a very wealthy private banker and is on the board of Goldman Sachs which has given another $700,000 to Barak Obama and raised another $500,000 through “BUNDLING” • He quit Barak’s campaign under fire and also received a “SWEETHEART LOAN” (Las Angeles Times) Also visit the (Center For Responsive Politics) www.opensecrets.org Guess who Barak Obama gets advise from on housing issues? Franklin Raines • Lives in a $7.6 Million dollar home, I am sure he can relate to the average home owner, wouldn’t you agree? • (1977-1979) Carter Administration WHEN CRA WAS FIRST ENACTED • (1980-1991) Investment Banker Lazard LTD • (1991-1996) Vice Chairman of Fannie Mae WHEN CRA WAS EXPANDED • (1996-1998) Clinton Administration OMB Director • (1999-2004) CEO Fannie Mae • He received a $25 million Golden Parachute • He ALSO GOT A SWEETHEART LOAN! Does anyone in American know anyone directly that has gotten one of these “SWEETHEART LOANS”? I wonder why? • He resigned under pressure due to Accounting irregularities. Can anyone say Enron? (BBC NEWS) Guess who received more money from Fannie Mae than anyone else? You guessed it Barak Obama. He managed to receive more money in three years than John Kerry did in 20 years. (Opensecrets.org) Barak Obama also received FOUR times more money from Fannie Mae per year than any other senator in the past 20 YEARS! Barak Obama received 49 TIMES MORE money than Senator John McCain! Fannie Mae contributions per year in Congress 1989-2008 • Barak Obama $42,116 • John McCain $862 Guess who worked at a law firm “MINER BARNHILL AND GALLAND” that sued banks for not issuing enough Subprime Loans? They sued Citibank. You guessed it Barak Obama that’s who. “In 1994 Barak Obama represented Calvin Robertson in a suite against Citibank charging that the bank systematically denied mortgages to African-American applicants and others from minority neighborhoods. (Chicago Sun Times) • Poor people did not cause this current situation American finds itself in • Free Markets didn’t do it either • Deregulation didn’t do it either • A bad Government Regulation DID cause this in turn made Main Street Banks into predatory lenders to fulfill a government mandate “AFFORDABLE LOANS” • Self Interested Lawyers caused this • Greed and Stupidity Caused this • Bad Social Engineering Caused this creating the environment and wrong incentives that set up low-income families to ultimately fail all the while having Wall Street Finance it. And what did Obama get from all of this? He got his wish of lots of “Affordable mortgages that a great deal of America could not afford” and in the meantime his rich and powerful friends became richer while the rest of the US got poorer. Nancy Pelosi (D-CA) “Democrats bear no responsibility for the current economic crisis” (The Hill) Help me understand here, Barak Obama’s “Political Philosophy” caused this current crisis yet he now lectures the country about “Failed Economic Policies” and Ridicules former President Bush? Are you kidding me?
  2. YAHWEH the CHRIST said they are thieves, liars, and murderers.
  3. Obama and his whole illegal regime are a curse upon America.
  4. Cain is the same as the rest, besides Ron Paul. Cain worked with the Federal Reserve, so he cannot be honest. Ron Paul is the only Honest one running that cannot be bought. Anybody voting for the rest, are voting for the same old political BS, and wasting their vote.
  5. I hate to tell you good folks this, but I do not think this illegal Obama cares, because he plans to become America's first dictator over a full blown communist police state. They plan to stage a false flag operation of mass murder, then declare martial law which will keep this evil Obama in power. It is the plans of his evil handlers.
  6. Just more of their tyranny. Just like the evil doers fema camps to lock up dissidents, and others who don't agree with the tyrants.
  7. That is what they are doing. It's the same thing with the Osama Bin Laden lie that they killed him. They did not kill Osama Bin Laden, they staged that lie to get the people's mind off the fake birth records. Now the seal team that was suppose to have killed Osama, has been eliminated by the same murdering dogs that are breaking every law in the world, and still the law enforcement authorities worldwide are allowing these thugs to continue their terrorist reign. These thugs seem to be above the law, and even the US Military does nothing to uphold their oath by removing these very enemies of freedom, and mankind.
  8. America is ruled by a dark evil hand from behind the curtain, and the citizens just do not want to see the truth, so those in positions to let the truth expose, does all within their power to keep it from exposing. Those hindering the truth has a big surprise coming for them, because by doing that, they are aiding the satanic enemies of YAHWEH the CREATOR, and will reap the reward of the wicked.
  9. FBI Insider: Obama Administration Likely Manufactured Dubious Terror Plot Yeah just like they cooked up that Osama Bin Laden lie, then murdered all the seal team 6 men so none would come forth to reveal them. I cannot believe the law enforcement in America allows these criminals to continue operating. Just unbelievable that all these men in authority law enforcement positions would do nothing. WOW!!!!!
  10. Obama and Holder should be arrested by the FBI. Or has the FBI gone rogue also?
  11. Cain is not a Christian. He is only a professing christian like the majority of the Judeo Christians. Professing, but not in deed. They all state they are Christians to get the vote. They are all liars outside of Ron Paul, and are controlled by the money changers.
  12. I been preaching about these corrupt people who control the politicians, and government working on bringing in a total soviet style communist police state in America, but everybody always shrugs it off and makes fun of what I tell them. Once these people get the heavy hand on everybody, then it will be to late to do anything. There are evil being planned for American's but they are blind to it, and they stop their ears from hearing the facts about what's going on. They always scream it's a conspiracy theory, but I assure you it is not.
  13. Cain is about a bigger liar than Obama. Ron Paul is the only honest man running, and that's a fact. Elect one of the others, remain in the same old political BS.
  14. Corrupted from the top down. The top law enforcement are corrupted, and the attorney general covers up Obama's crimes. 1Sa 8:1 And it came to pass, when Samuel was old, that he made his sons judges over Israel. 1Sa 8:2 Now the name of his firstborn was Joel; and the name of his second, Abiah: they were judges in Beersheba. 1Sa 8:3 And his sons walked not in his ways, but turned aside after lucre, and took bribes, and perverted judgment. Same thing going on today, but soon they will all be held accountable.
  15. It's just not fear of the race card, or ridicule, it is more than likely their Swiss bank accounts that have been set up for them out of stolen funds they fear losing. The same criminals in charge of the monetary system and wall street, are the same criminals who own the politicians, and control the mass media. It's the same dogs who have stolen all the gold from Fort Knox that belongs to the people. When Obama sees that he will lose in 2012, Obama's controllers will stage a false flag terrorist attack so Obama can declare martial law, and remain in his illegal position.
  16. Everybody should know who it is behind that scam. I wonder who.
  17. Pray? What do you know about praying, when you state it's out of our hands? When in fact, that's not what Yahweh the Christ said in his word. I believe what he stated, not what lying man or woman states. Mar 11:23 For verily I say unto you, That whosoever shall say unto this mountain, Be thou removed, and be thou cast into the sea; and shall not doubt in his heart, but shall believe that those things which he saith shall come to pass; he shall have whatsoever he saith. Mic 4:10 Be in pain, and labour to bring forth, O daughter of Zion, like a woman in travail: for now shalt thou go forth out of the city, and thou shalt dwell in the field, and thou shalt go even to Babylon; there shalt thou be delivered; there the LORD shall redeem thee from the hand of thine enemies. Mic 4:13 Arise and thresh, O daughter of Zion: for I will make thine horn iron, and I will make thy hoofs brass: and thou shalt beat in pieces many people: and I will consecrate their gain unto the LORD, and their substance unto the Lord of the whole earth.
  18. Straight up RV at $3.76 no later than the first quarter of 2012.
  19. I know for a fact, if everybody invested in the Iraqi dinar would direct their energy at the RV, instead of at a lop, or arguing over things, I would bet that it would influence the outcome for an RV. Negativity will only being negativity upon the investment and cause a different outcome which will not be good. If you believe so much in a lop, why not just keep it to yourself, because nobody who has positive plans for this wants to hear it. It has been spoken, so let it be written.
  20. Instead of being fired, Holder should be in shackles with Obama awaiting trial for treason. Congress should stop fearing the race card, and start impeaching this Obama.
  21. If Obama get's a second illegal term, you will know beyond a resonable doubt, the voting machines are rigged, or those who count the votes are corrupt.
  22. I researched what Sirius posted, seems to be facts, which certain groups are trying to keep hidden.
  23. The present Whitehouse is nothing but criminal, and the congress and senate are in cohoots with these treasonist traitors. All of them should be arrested for treason.
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