More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to “cash out” by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said
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US borrowers pay down mortgages
Minnesota, God and the $190 million fraud CNNMoney Kiley called his listeners “truth seekers” and appealed to their distrust of Wall Street and the government. Cook said that he could trade currencies with …
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Minnesota, God and the $190 million fraud – CNNMoney
The Economist (blog) Fox News's 50-state Southern strategy Salon I was home . The attempted slur was silly. The most important point is this: Fox News has, sadly, become the purveyor of a 50-state “Southern strategy,” the … Rush: 'Breitbart was exactly right' Big Government (blog) all 3,017 news articles
Los Angeles Times Feinberg Rules that Firms Do Not Have to Return Payouts Associated Content According to the Wall Street Journal, Kenneth Feinberg claims it would be “unfair” for the government to demand back the $1.6 billion bailout money 17 … The pay czar's Wall Street report card Salon all 1,004 news articles
default Stock Market Scam – How To Avoid Them. UPDATE: Government may soon back troubled mortgage giants By ALAN ZIBEL, AP September 6, 2008 WAS. – The government is expected to take over Fannie Mae and Freddie Mac as soon as this …
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Stock Market Scam – How To Avoid Them | Financial News
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
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the Government Housing Scam… | mortgage
Freddie and Fannie hold half a trillion in Alt-A mortgages, which resulted from when the government pressured them to expand mortgage loans among low and moderate income people. … Under a Ron Paul free market things like the sub-prime loan scam would be commonplace in all markets Free market capitalism is a rich mans dream and would only suppress the poor even more Other than that I guess Paul is ok minus his racial slurs and backing from the racist heritage foundation …
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Ron Paul talks about subprime, liquidity, and the Fed (1/2) : Wall …
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
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the Government Housing Scam…
And in terms of dollars, it would be hard to top the accounting scam that Obama’s budget wonks are trying to pull off now. The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the government’s balance sheet and out …
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Fed shifts $4.4 Trillion of toxic debt to…? | Ron Paul 2012 …
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
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the Government Housing Scam… | Desitn Real Estate Blog
MISSISSAUGA, ONTARIO–(Marketwire – June 28, 2010) – Canadian manufacturing workers and businesses will benefit from a Government of Canada investment in a literacy and essential skills development project. The Honourable Lisa Raitt, Minister of Labour, together with Mr. Bob Dechert, Parliamentary Secretary to the Minister of Justice and Member of Parliament for Mississauga–Erindale, made the announcement today on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development. “Our government believes that working with partners to improve literacy and essential skills is a great way to help Canadians build better futures,” said Minister Raitt. “By identifying best practices and creating tools to help businesses incorporate these critical skills in their training programs, this project will ultimately help workers get the skills upgrading they need to stay safe and productive on the job.” Read more.
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Canada: Gov’t Invests in Skills Development and Workplace Safety
Union Contract: Duly Suspended Employees Get Paid For Overtime Missed! Big Government (blog) If you don't work , you don't get paid! Stop the madness. Exactly true! If anyone claims overtime for time not worked they are committing fraud. … and more
Tagged with Barack Obama, China, Congress, Democrats, Fannie Mae, financial crisis, financial reform bill, fraud, Freddie Mac, Government Sponsored Enterprise, GSE, House, Obama, President Obama, scam , Senate, transparency …
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Freddie Mac and Fannie Mae costing US Taxpayers Trillions « Scotty …
Former Clinton and Obama budget adviser Franklin Raines owns a key carbon-emissions patent he developed as CEO of the government-sponsored mortgage giant Fannie Mae, positioning him and his partners to make millions of dollars if it is …
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Scam artist – Maggie's Farm
The Wall Street Journal reports FDIC to Delay Bank Plan.The Federal Deposit Insurance Corp. said it would put off a planned premium increase on banks as it held steady its projected losses for the government fund that covers bank deposits. The FDIC staff on Tuesday advised the agency’s five-member board to delay a premium increase of three one hundredths of a percentage point scheduled for Jan. 1 because it expects bank failures to begin trailing off next year. The higher assessments will be …
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FDIC Holds off Raising Bank Insurance Premiums, Expects Bank Failures to Peak in 2010
ABC News Feds Charge Mortgage Company Boss With Multi-Billion Dollar Bailout Fraud ABC News … the former chairman of a major mortgage lender with a multi-billion dollar fraud scheme involving the government's massive Wall Street bailout program. … and more
Anyone thinking clearly knows that government employees are ridiculously overpaid in aggregate but inquiring minds are asking “by how much?” That’s a good question, so let’s first take a look at a NYT article, then the underlying data. The New York Times reports Government Workers Cost More to Employ. It costs about $12 more per hour to employ a state or local government worker versus a private sector employee, the Labor Department said Wednesday. Employers spent $39.81 per hour …
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Labor Department Stats Show Government Workers Cost More to Employ
The report by the Congressional Oversight Panel, which was created in 2008 to review the financial bail-out, said the government could have acted earlier and more aggressively to secure a private rescue of the insurer
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US Congressional panel attacks AIG rescue
Glenn Beck is the government AIG scam … Dems in charge of both houses of congress as Fannie Mae and Freddie Mac went bottoms up … hmmmm, and it was Barney Frank’s JOB to alert us .. but he was too busy claiming they were both A-OK …
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Glenn Beck is the government AIG scam | cre3design.com
FBI Uses Terror-Probe Tactics on Financial Fraud Wall Street Journal At a time when the public has grown suspicious of Wall Street and lost confidence in the government's ability to police it, investigators say they are … and more
Census Workers Blow Whistle on Hiring Fraud Big Government (blog) The Census results/numbers will work as well as the porkulous/slush fund bill did. Hey libs, 154 days to start looking for a ride home . … and more
CBC.ca US oil spill threatens fish, fishermen, experts warn AFP “This is a scam . BP does not charge to train and hire applicants,” said Neil Chapman, a spokesman for the oil company. Thousands of fishermen have been … The Gulf Spill: Seizing a Crisis to Grab Your Power Big Government (blog) all 25,482 news articles
With Top Kill officially dead, BP has moved on to an option involving underwater robots to cut the pipe, followed by another funneling scheme. Please consider BP’s Robots to Begin Next Attempt to Curb Record Oil Spill BP Plc will use undersea robots to begin cutting damaged pipe from its leaking oil well off Louisiana as early as today, risking temporarily increasing the flow as it makes another attempt to end the largest oil spill in U.S. history. “BP and the government have no choice …
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BP Robots to Cut Damaged Pipe; Oil Dispersant Maker Says ‘We Have Nothing to Hide’; Oil Déjà Vu
The Gulf Spill: Seizing a Crisis to Grab Your Power Big Government (blog) The entire “green” scheme is nothing more that a scam . It is well known the solar energy has a long way to go before it is economically feasible. … and more
“The collapse of the mortgage market in 2007 steered more business to the Federal Housing Administration, which insures loans, and Fannie and Freddie, which were taken over by the government in 2008 as rising losses wiped out thin capital reserves …. The government definitely HAS a role to play in helping people keep their homes or providing assistance when they lose them, but they have no right to scam the public by stealthily manipulating the market to save underwater …
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the Christian Blog – Blogbank.pl » Archiwum » Government …
Rabid believers in the China growth story may need to reconsider. Already deep in the red on the year, China Stocks Plunge Most Since August on Property Curbs, Europe China’s stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth. China Vanke Co. paced declines by developers after Premier Wen Jiabao said the government will “decisively” contain gains in …
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China Equities Sink 5%, Down 22 % for the Year; What will China do with its much beloved peg to the US dollar?
Young India – Movie Review Oneindia After this, they get a call from Savyasachi, a doctor, who reveals a big scam involving Arogya Mata scheme of the government. He tells Young India, … and more
There is a nationwide war on public sector pay. Unfortunately not here, but in the UK, by David Cameron, Britain’s new Prime Minister. Please consider David Cameron declares war on public sector pay. David Cameron has vowed to crack down on “crazy” bonuses paid to civil servants as the new Government seeks to reduce the costs of the bloated public sector. Out of control hand-outs, which this year will be paid to three-quarters of senior civil servants, are to be restricted to high …
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War on Public Sector Pay
The Conference Daily went to check out the sights and sounds of the Government Pavillion and networking room in the F2 Concourse. We spoke with Patricia Easley from the Environmental Protection Agency about why she came to the Conference this year. “We were really excited about the conference being held in Chicago since it hasn’t been here for so many years,” Said Easley, who resides in Chicago. “It’s such a great opportunity to collaborate and network with people who face similar challenges and who found really workable solutions.” As with many agencies in governmentand elsewhere, being able to align agency strategies with training goals is vastly improtant. Easley shared some of her insights on how to make sure this alignment is taking place: “We look in three main places. First we work closely with our administrator and examine the goals that are set forth. Then, we as learning professionals look at what is being planned to make sure there is alignment,” she states. “The second place we look is at learining programs that are mandatory to do the job. This is training that comes not necessarily from our Administrator but from the White House.” The third source that Easley uses to ensure alignment is all about location, location, location, as learning needs and agency goals differ from region to region. “Right now, for example,” she says, “the training needs in the Gulf [of Mexico] region are completely different from anywhere else.” Once they have all of the sources, Easley says, then they can conduct a needs assessment that shows learning-agency alignment. “For us, it’s a long process that is complex, but it needs to be done.” We thank Patricia for taking the time to chat with us, and if you are in government and attending the Conference this year, please be sure to stop by the Government Pavillion for events and networking opportunities.
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Conference Daily On Site, Sunday
George Soros, Al Gore, Maurice Strong, disgraced Fannie Mae chair Franklin Raines, terrorist William Ayers’ brother, the Joyce Foundation, the Chicago Climate Exchange, Goldman Sachs, several labor unions, and who knows how many smaller bit players. … Here’s how this scam will work. Everyone will be assigned “carbon credits” based on whatever the government decides. This of course, is a worldwide scheme. People (businesses and countries) who actually produce things,… …
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Seaspook's Rants: Climate Change and The Carbon Mafia
That is a major reason why Fannie Mae was nationalized, to keep the fraud under the roof of the greatest criminal organization on earth, operating under the United States Government, where the corruption, theft, and fraud can be …
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TROY OUNCE: Gold Breakout: The System Fails!
Fannie Mae and KPMG LLP have reached a settlement in a lawsuit over the accounting firm’s alleged failure to catch Fannie Mae’s fraudulent accounting practices, which the government-backed mortgage giant said cost it more than $2 …
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Fannie Mae, KPMG Settle Accounting Fraud Suit – Law360
“The collapse of the mortgage market in 2007 steered more business to the Federal Housing Administration, which insures loans, and Fannie and Freddie, which were taken over by the government in 2008 as rising losses wiped out thin capital reserves …. The government definitely HAS a role to play in helping people keep their homes or providing assistance when they lose them, but they have no right to scam the public by stealthily manipulating the market to save underwater …
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A Lost Decade Ahead For Housing | Eurasia Review
The collapse of the mortgage market in 2007 steered more business to the Federal Housing Administration, which insures loans, and Fannie and Freddie, which were taken over by the government in 2008 as rising losses wiped out thin capital reserves. …. The government definitely HAS a role to play in helping people keep their homes or providing assistance when they lose them, but they have no right to scam the public by stealthily manipulating the market to save underwater …
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A “Lost Decade” Ahead For Housing : NOVAKEO.COM – The Radically …
The Great Education Scam , continued W.C. Varones (blog) We've written before about the education scam , wherein students are conned by colleges and the government into taking on a lifetime of debt for a vastly … and more
A bill sponsored by Ron Paul and Alan Grayson to thoroughly audit the Fed, passed the House. However in a brazen move that ought to offend the sensibilities of every citizen, the Fed is lobbying Senate members to water down the bill so that it is meaningless. The Huffington Post tells the story in Fed Privately Lobbying Against Audit. The Federal Reserve is privately lobbying against a bipartisan Senate amendment that would open the central bank to an audit by the Government Accountability …
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Fed Privately Lobbies Senate to Kill Audit; What You Can Do!
Local Census Takers Start Home Visits, Avoid Scams KOKI FOX 23 Rick Brinkley, President of the Better Business Bureau, says there are red flags the person might not work for the government. “If you haven't filled out … and more
Critics highlight that for years the oil industry has said it should be given access to more of the US’s protected areas and has generally lobbied against further government regulation of offshore drilling, arguing it could handle any leaks
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Critics hit at oil industry lobbying efforts
Privatization is the SCAM of the 21st Century! The idea is to cajole bribe and/or sucker the government/people into handing off something like Fannie Mae & Freddie Mac to a Private Interest (corporation) where it can be better managed …
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Why was Fannie Mae privatized and Freddie Mac created a year later …
If the US Department of Justice decides to go ahead with a full criminal probe of Goldman Sachs’s mortgage backed securities business, as was widely reported, the investment bank would face much more pressure to come to some sort of deal with the government, legal experts said
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Goldman faces rising pressure to strike deal
He made 90 million in 5 years by cooking the books at Fannie Mae to get bonuses. Then gets off scott free. Any attack on Wall Street is to deflect attention on the government’s own downright criminal behavior. …
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Goldman Sachs Fraud Probe Could Bring Criminal Charges
In a bid to save their engine for the F-35 fighter jet from cancellation, General Electric and Rolls-Royce have offered the Pentagon a fixed-price contract that would leave the partners, not the government, exposed to any cost overruns
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Pentagon offered new deal on F35 engine
Reuters Goldman Sachs case argues for reform Toledo Blade But when the government not only accuses a Wall Street powerhouse of securities fraud , but also says that the alleged fraud occurred as the global economy … Goldman executives cheered housing market's decline, newly released e-mails show Washington Post Jail Time for Wall Street's Derivatives Writers? Seeking Alpha (blog) Lloyd Blankfein. King of Wall Street defiant under seige The Guardian Denver Post
What was the SEC doing when Bernie Madoff was stealing billions and the economy crashed? Here are a few reports. SEC staffers watched porn as economy crashed CNN is reporting SEC staffers watched porn as economy crashed “During the past five years, the SEC OIG (Office of Inspector General) substantiated that 33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually …
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SEC staff watched porn as economy crashed; Senate panel: Ratings agencies rolled over for Wall Street; SEC Ignored Stanford Ponzi Scheme For 12 Years
gold is a scam . you did not buy gold….you bought a piece of paper….. hahahahaha. smallgov says: April 23, 2010 at 7:32 am. your right freddy and fannie did not cause the government did!!!! roaringwaterbay says: April 23, 2010 at 8:18 am …
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Dubai World over-reaction, Ben Bernanke Op Ed | Twitterflea
CNBC Disclosures Vary for CDO Deals Wall Street Journal Wall Street banks provided spotty disclosures about how mortgage securities were selected for deals like the one in the government's civil … Uncertainty haunts Wall Street MoneyWeek Exposing Wall Street's 'darkest corner' CNN Vampire squished? Economist University at Buffalo The Spectrum
… never been called to account for their earlier failings. Read more at the Wall Street Journal. How Government Caused The Mortgage Crisis. Democrats in their own words: Covering up the Fannie /Freddie scam that caused our Economic Crisis.
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Fannie and Freddie Amnesia: Taxpayers on the hook for about $400 …
Reuters Under-fire Goldman posts $3.7bn profit The Australian Goldman, the subject of civil- fraud charges that the government brought Friday that rocked the bank and Wall Street , reported that its profit in the first … Goldman Beats By A Mile Forbes Higher Earnings Give Wall Street a Boost InvestorGuide Futures Climb on Goldman Results FOXBusiness Washington Post (blog)
In the Madoff case, passionate outsider Harry Markopolos could find no one at the SEC who took the time to understand the scam , cared enough and had enough authority to shut down the fraud. In the Stanford case, we see numerous SEC … “The Congressional Budget Office has estimated that, in the wake of the housing bubble and the unprecedented deflation in housing values that resulted, the government’s cost to bail out Fannie and Freddie will eventually reach $381 billion. …
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But the Super-Duper Powered New SEC Would Get it Right THIS Time …
Wall Street tumbles on Goldman charges People’s Daily Online Wall Street tumbled on Friday as Goldman Sachs was charged with fraud by the government and earnings from some major technology companies weighed on the … Good news ahead on taking Wall Street to the woodshed. Toronto Star Blogs (blog) all 3 news articles