Showing posts with label Fannie and Freddie. Show all posts
Showing posts with label Fannie and Freddie. Show all posts

Monday, May 23, 2011

Sold Down The River


Get this!

I may be slow on the up-take, but I’m still way ahead of the American public that still believes that by simply substituting a few political heads on Election Day, we can set things right again.

Scanning the headlines this morning, I happened to run across one that said “New Call To Greece To Sell Off Its Assets”. With all that’s going on, why did this particular item set my alarm bells ringing?

How much land does the U.S. government own? According to www.answerbag.com, “The United States government owns approximately 650 million acres of land, according to NationalAtlas.gov. That total amounts to about 30 percent of the total land area in the U.S. Some large categories of federally-owned land include national parks, national forests and national wildlife refuges.” Even if this answer is wrong, we all know it’s a lot. Out West, the percentages are even higher. In Nevada, for example, privately held land amounts to barely 20%.

Who owns or controls most mortgages? Don’t know the exact answer to this one, but you can bet the Feds have their fingers in this one as well (via Fannie and Freddie).

Who is it that keeps private industry from mining and drilling, keeping our land pristine and valuable to the max? Again, the answer is government.

After our currency has collapsed under the dead weight of unserviceable debt, what will be left to trade? Answer: land.

We’re being set up to be sold down the river, folks!

http://pkoelliker.blogspot.com/

Wednesday, April 27, 2011

Cinderella's Bloody Glass Slipper


Since I had to carry a gun for my work, I needed to qualify every six months. Missing the target was not an option. It never is.

This morning I went downstairs for breakfast. I turned on the radio. And there it was: The obligatory jabs at both Trump and Palin – and all this by a New York local radio host who’s considered ‘conservative’. It seems we’ve all been down this road before. We just never learn. Back then, our fav piƱata was Bush. What we wouldn’t give to have him back again!

Obama remains untouched. Every word of his is routinely afforded the gravitas it no longer deserves. We try so hard to fit this wicked stepsister’s foot into Cinderella’s glass slipper. It must be the slipper’s fault. And yet, midnight is fast approaching when everything turns to pumpkins.

The Left has no compunction in slicing off toes. In fact, they have the surgeons constantly standing at the ready. Never mind the spectacle of blood, smear and dishonesty which disgusts and, at the same time, fascinates. They work in tandem with the media, like a well oiled machine. Slice here and dice there, and the shoe is made to fit despite the corns.

There, on the front page of the WSJ, the headline reads, “Karzai Told to Dump U.S” – by Pakistan no less. Inside, there’s a story about the trial and conviction of ‘Big Fish’ Lee Farkas, former chairman of Taylor, Bean & Whitaker Mortgage. Only, it turns out, that Farkas wasn’t such a ‘Big Fish’ after all; that our government was behind it all (in the form of Fannie and Freddie Mac).

It’s just that the government has now assumed the status of ‘sacred cow’ and can never be touched. Instead we send up thousands to atone for the government’s sins. As Holman W. Jenkins, Jr. – author of “A Mortgage ‘Big Fish’ Disappoints” – laments, the whole thing “fails to confirm the media intuition that the housing boom and bust were brought on by the criminality by mortgage CEOs.”

Same with the spike in gas prices at the pump. It couldn’t possibly be due to Obama’s policies (even though he explicitly told us that he wants us to pay more for gas). It couldn’t possibly be due to the collapse of the dollar due to the government policy of printing images on paper and pretending it’s real money.

Overseas hangs the giant Libyan question mark – and Egypt, Iran, Syria and the entire Middle East. Then, there’s Russia and China; South America. What is it this president believes?

Bolton says there’s no rhyme or reason to Obama’s foreign policy. Really? Everywhere we look we lose. Sounds suspiciously like a plan.

At the very least, Kaddafi knows what he wants and he’s willing to go for it, even if it kills him. Anyone who can articulate what he wants, short of sh*t-canning their own nation has a leg up on Obama at this point. I’m not saying that Obama isn’t smart or doesn’t have goals. …and isn’t it remarkable how Obama just managed to get us to sh*t-can our own just by the ruse of releasing his birth certificate?

http://pkoelliker.blogspot.com/

Wednesday, December 1, 2010

Pay-Off


I’m not surprised that the administration has decided to bail out European banks. Europe still sees Obama as the bright, young articulate; noble descendant of slaves who has come (back) to exact his revenge. They don’t yet see him as the radical bomb thrower - too lazy to do his homework - most of us have now come to know.

European bankers are not stupid. They know exactly that the whole financial mess started in the U.S. with the housing crisis; which in turn affected bank balance sheets; which then caused bankers to spread the damage around by disseminating toxic IOU’s all over the world - including Europe - hoping that no one would notice.

European bankers are not lapdogs of the American government. They are free to speak out and expose certain truths, especially in regard to who might have been involved in the initial fraud; and they could name the names of the corrupt institutions (Fannie and Freddie) and politicians (Frank and Dodd among many others) who perpetuated and protected these schemes to their own advantage. These have not gone away and crawled under rocks in abject shame. They are still with us and, in many instances, still formulating policies that rob the American worker of the fruit of his labors - all, in name of some half-baked anti-capitalist notion of ‘social justice‘.

Our paying off the Europeans amounts to a tacit admission that none of it has worked as advertised; that we were essentially at fault for having promoted such claptrap under questionable guise. We are paying them off to buy their continued silence and thus save the skins of our guilty. If they (European bankers) were to talk, the revelations would put even Wikileaks to shame.

The global financial meltdown (which we started) can no longer be blamed on capitalism alone. Socialist and communist countries have not been immune. I am not one to blame America at the drop of a hat, but this has been our fault from the start. If we are to apologize for anything, this is it; if we are on the hook for reparations, this is it. If we should not be able to afford the cost of making amends, or if there is a political price to pay, so be it. What we have done to get this slime ball rolling is criminal - entirely worthy of Interpol investigation and subsequent World Court proceeding - and the Europeans are well aware of it. And we know that they know.

http://pkoelliker.blogspot.com/