Posts Tagged ‘citigroup’

No End To Barack Obama’s Madness.

Wednesday, March 3rd, 2010

I’m done making videos about fools for right now.

Mash here in 2 places.

Link here to 2nd Mortgage Bailout Fiasco:

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/28/AR2009042801766.html?nav=rss_business

Link here to info on Trabant (not a definitive source, but a good start):

http://en.wikipedia.org/wiki/Trabant

“…All of this is just the tip of the iceberg. My sister-in-law just got her layoff notice today. She works for an aircraft company. We have Biden using Swine Flu to scare people from flying and a few months agao, we had the government villainizing CEO’s for flying their private jets to ask for bailouts. The CEO of Hawker Beechcraft said this negativity by the Obama Administration was hurting their sales. Businessses weren’t buying planes, including those not asking for bailouts, because of the negative attachment in our current political climate given to companies owning a private jet by Obama and members of congress. Obama is also making cuts in defense spending. This hurts sales in the aircraft industry at all levels. Do we see a future for Aerospace like we did for our once mighty auto manufacturers. Will they be forced into bankruptcy because of things our Democrat-controlled government is doing? We will see. Obama has set a dangerous political tone in this country and is exploiting the current economic and unemployment situation to expand government. They have created an atmosphere of fear and derision against business. They are still blaming the previous administration for their failures and exploiting things like Swine Flu for political points as well.

And you know what really takes the cake is this. Do you all remember this mortgage foreclosure prevention plan? This was the plan that was introduced to curtail foreclosures on homes by refinancing with government guarantees Basically, we were bailing out primary mortgages for people that defaulted. Many of these people lived above their means and bought more house than they could afford. Well, Obama’s administration has extended this plan to second mortgages. You know, we were already bailing out banks and auto companies, the government guaranteeing waranties, so it only stands to reason that we’re now bailing out people Jet Ski’s, Cancun Cruises and Botox Injections. So the people that used their house like a credit card get a break that you and I, the responsible will now have to pay for.

He throws his derision towards the tea parties, the state media continues to make vulgar teabagging jokes when referring to you…”

Duration : 0:5:51

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ROAD TO RUIN: Mortgage Fraud Scandal Brewing

Wednesday, December 16th, 2009

Criminal fraud may be the most underreported aspect of our current financial crisis. In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

Duration : 0:6:53

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