Wednesday, October 15, 2008

Good-bye GSE's 9-16-08

Well now that the wonderful businesses of Fannie Mae and Freddie Mac have left the marketplace what happens next. First you must realize that all the propaganda is spin to dissuade you from using your brain. Fact is the fraud was too dangerous for public review. The wizard had to bring his bad children back behind the curtain where he could work his magic. Now that they are part of the government secret remedies can be devised. Socialism condemnations are meaningless. No one truly understands what kind of government we have. If one actually understood how things really worked they would be glad Paulson did what he did. His ability to manipulate has been exponentially increased. No more economics review, no more business commentators, or policy hack to comment on his ideas. The books are private now. You can comment on the results of my decisions not debate in their development. I hope some of you took my advice and rode their stock down with the put leaps I recommended. The jury is still out as to whether they are going to save us or crush us economically. The chances just got a whole lot better for salvation. We as a nation need to pray that the wizard being embarrassed by his bad children wants to express remorse over greed. God can move the hearts of men. Let's pray for God's abundance. Not just for us but for our retarded neighbors also. A lot will happen before Bush leaves office. Do not delay in your fervent prayer. Now is the time.

Now is also the time for my next move in wonderland. Watch for a post on my new address. This could take awhile. I'm still trying to get Phase One up and running but all these moves have been detrimental. God knows the right time. I'm doing great in the spirit and excited about what God has planned. Talk to Him and see if you don't get excited.

43 comments:

~~The Swami~~~ said...

Paulson has my stapler..........or at least his clone does.

Yetter said...

“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain’s money supply controls the British Empire.” – Nathan Mayer Rothschild

dr. ira gilac said...

the banks didin wan to listin to me...i could have told them how to get out of da mess...they should have inwested in bruglione (bruly for short) bowels hypes and they wood of made they money back....

neodemes said...

"God knows the right time."

Just 90 more days!

mogel007 said...

"Just 90 more days" and where will the Dow & Nasdaq be at? How much more in value will your home lose too, where most Americans EQUITY is vested? It's hardly funny that people's life's savings in the market & in their homes are being ERASED so quickly. The lending fiasco & greed of the banks to approve even the unapprovable, has caused a deep recession that will last into 2010 & most all will suffer for this. Yea, "just 90 more days"!!!!!! Maybe Nemo, you could be headed for your SECOND BANKRUPTCY? Then you could blame it all on someone else again, maybe even legitimately next time.

Dow down 7% JUST TODAY & down 733 points, ONE OF THE WORST POINT LOSSES EVER:

http://news.yahoo.com/
s/ap/20081015/ap_on_bi_
st_ma_re/
wall_street

mogel007 said...

Things are really bad when even "Mrs. Fields", the great chocolate cookie maker from Utah, has to file for bankruptcy. Many retailers are filing for bankruptcy protection too like Mervyns, big names that everyone recognizes. We should be in for one of the worst retail Christmas seasons for store owners, and credit still remains tight, despite all of this money the government has given to the banks & investment firms. 700 billion wasn 't enough, so our leaders are allocating more. They should have given the 700 billion to the American people individually & to all; that would have saved the economy & taken us out of a recession. Let the banks fail. Whatever happened to the "free enterprise" & competitive system, we were suppose to have. It's not a competitive system if you always save the big fish & allow everyone to pay for their mistakes.

mogel007 said...

Is 700 billion divided by 300 Million people, enough money individually to cause even Nemo from never having to file bankruptcy again? Or even enough money for Scott from Vineland to stop from being "scared" again of a financial armaegeddon? Or is that like putting lipstick on a pig?

Now that's a question that greater economic minds than I, need to determine. I admit, it's beyond my comprehension! I would guess, they'd probably still figure out a way to screw their finances up. It probably isn't enough money for either of them, but what do I know.

Maybe in 90 days more, the answer to that question could be determined by someone smarter than I on this blog.

Any takers?????

Swami, I think Scott from Vineland, took your stapler.

dr. ira gilac said...

speekin' o msrs. fells...i wonda how msrs. annie 'go git yo gun' bradly is doon in jail???



i shuld writ her a letta....gez, if she ever leafs her huband.....she is 'smokin' hot!!!

~~The Swami~~~ said...

Mogel Said

Swami, I think Scott from Vineland, took your stapler.




Mogel, are you telling me Paulson and Scott are the same person?

P robably
A n
U ndercover
L ike
S cott
o verthrowing
N ation

~~The Swami~~~ said...

Barack Obama and Osama bin Laden both have friends that have bombed the Pentagon.

dr. ira gilac said...

??? they actually knew the commander in the AWACS plane???


hmmmm....interesting....

neodemes said...

moogie, go harass poor Mrs. Field's for filing bankruptcy.

As far as the lipstick goes, I'm sure you'd look great.

Yeap. The economy sucks. And Kurt is still in jail, delusional, and you're still lapping up his crappola.

SSDD

near the end said...

Nemo WHY DID YOU FILE BANKRUPTCY.

BRUCE THAT'S JUST WRONG.

THERE'S A NAME FOR THAT "LOSER".

dr. ira gilac said...

neodemes said...

moogie, go harass poor Mrs. Field's for filing bankruptcy.







from da bad cums da good....now ill be able to loose wait.....dose were my fave choclit chimps carkeys.....awwww....too bad.....

dr. ira gilac said...

dun wry missus fells...when burly bowwels hips payout, i will lone yo da monny fo yo chimps fackry to open up again....i luv yo oversize chiclets chimps kookys...yummm!

mogel007 said...

I suppose this is why Dan Benham is being harassed by the IRS by their recent court actions:

http://www.usdoj.gov/tax/
txdv06829.htm

He was the person on the Dorean CD's talking about the UCC & banking/lending.

mogel007 said...

Swami asked: Mogel, are you telling me Paulson and Scott are the same person?
_________________________________

He acts like a clown/clone to me, but I can't swear to it. I like to give people the benefit of the doubt, but that doubt is getting smaller & smaller all the time.

mogel007 said...

Nemo said: Yeap. The economy sucks. And Kurt is still in jail, delusional, and you're still lapping up his crappola.
________________________________

The economy sucks due to the fraud of the banks/lenders. Kurt being in jail is relevant because why?????? It's not proof of anything in & of itself. I think you're delusional by failing to see the root of the econonic problems. After the settlements are effectuated to clients, as Liberace use to say, "I'll be laughing all the way to the bank." when I think of your crappola.

As far as harassing Mrs. Fields, I don't believe she blamed anyone that caused her to file bankruptcy, so I wouldn't know what to say to her.

mogel007 said...

Nemo: Have you forgotten that your boy, Judge Alsup, declared Kurt sane and competent in the Faretta hearing??????? You do respect his rulings, don't you?
Obviously not!!! LOL

mogel007 said...

"And Kurt is still in jail,"
_______________________________

Nemo, are you trying to say, if Kurt gets out of jail, that YOU OWE HIM A GREAT BIG TEAR FELT APOLOGY?

I'm a little unclear on what you are trying to say?

habakkuk said...

I'm worried about Nemo..I think he has a drinking or drug problem. He's been making a lot less sense than before.

mogel007 said...

Martial law to be coming. It's a highly classified secret:

http://au.youtube.com/
watch?v=UgMx2F41XD0

neodemes said...

Yeap, birds of a feather flock together, moogie.

Court Bars Michigan Man from Promoting
Tax Fraud Schemes
Twin Lake Man Sold “Corporation Sole” and “Strategic Withdrawal” Schemes

WASHINGTON – A federal court in Grand Rapids, Mich., has permanently barred Daniel Doyle Benham of Twin Lake, Mich., from selling “corporation sole” and “strategic withdrawal” tax schemes, the Justice Department announced today. Judge Gordon J. Quist of the Western District of Michigan signed the civil injunction order, to which Benham agreed without admitting wrongdoing.

According to the government’s complaint, Benham is alleged to have falsely advised customers that they could withdraw from the federal tax system by declaring bankruptcy, purportedly revoking their Social Security Numbers, surrendering licenses and permits, and transferring their assets to a so-called “corporation sole.” The complaint further alleged that Benham offered products and services related to his schemes for amounts ranging from $200 to $5,000. His customers underpaid their federal taxes by more than $2 million, according to an Internal Revenue Service (IRS) estimate contained in the complaint.

Some states authorize religious leaders to hold property and conduct their activities in what is known as a corporation sole, but tax benefits are available only for organizations that qualify as religious or charitable organizations under the Internal Revenue Code. The complaint alleged that Benham falsely told customers they could treat their corporations sole as a “church” with no tax return filing requirement, and yet control and use its assets and income for their personal benefit.

The court’s order requires Benham to provide copies of the injunction to his customers and to give the government a list of customers’ names, addresses, phone numbers, and Social Security Numbers. Corporation sole tax scams are included in IRS’s annual list of the “Dirty Dozen” tax scams http://www.irs.gov/newsroom/article/0,,id=136337,00.html The Justice Department has obtained permanent injunctions against a number of people who sell corporation-sole scams. Examples are found at http://www.usdoj.gov/tax/txdv06587.htm, http://www.usdoj.gov/tax/txdv05657 and http://www.usdoj.gov/tax/txdv05030.htm.

Since 2001 the Justice Department’s Tax Division has obtained more than 210 injunctions to stop the promotion of tax fraud schemes and the preparation of fraudulent returns. Information about these cases is available at http://www.usdoj.gov/tax/taxpress2006.htm. Information about the Justice Department’s Tax Division is available at http://www.usdoj.gov/tax/index.html.

http://www.usdoj.gov/opa/pr/2006/December/06_tax_829.html

dr. ira gilac said...

demo...arnt yo a 'little lait' wit dis case??

dis case hoppens in 06

waht?? yo just catching up to da 06' newspapers now are yo?? ;-)

near the end said...

BRUCE WHY DID YOU FILE "BANKRUPTCY"?

WHY WHY WHY.

ARE YOU HAPPY THAT YOU RIPED THOSE PEOPLE OFF?
ARE YOU? COMEON LOSER ARE YOU?


LOSER LOSER LOSER LOSER LOSER.

near the end said...

BRUCE WHY DID YOU FILE "BANKRUPTCY"?

WHY WHY WHY.

ARE YOU HAPPY THAT YOU RIPED THOSE PEOPLE OFF?
ARE YOU? COMEON LOSER ARE YOU?


LOSER LOSER LOSER LOSER LOSER.

dr. ira gilac said...

REMBER!



"IF THOSE DAYS NOT BE SHORTENED, THERE WOULD BE ONLY JIMMY NOONE LEFT!"





...and he just a NOBODY!

dr. ira gilac said...

....and starting monday, we will be entering one of the most tumultuous weeks since da grate dispersion of mankind in 1929......all hell is gong to brake lose....

habakkuk said...

You gotta listen to this audio:

Stephen Dollins (Ex-Satanist, now a Born Again Christian)) is interviewed by Stan Johnson about Illuminati playing cards that came out in the early 90's (Dollins actually purchased a pack of these cards back then)...the cards depict many events including:

-Airplane crashing into towers
-Martial law
-Explosion at the Pentagon
-Savings & Loan crisis
-Mass home foreclosures
-Population reduction
-etc

The Secret Service tried to stop distribution of these cards...raided a specialty shop (1 of very few)that sold these cards and confiscated them.

It wasnt until after 9/11 that Dollins remembered that he had earlier purchased these cards (he believes by the Holy Spirit)...Then everything began to fall into place...

http://www.prophecyclub.com/streaming_audio.htm

[Scroll down to STAN JOHNSON & STEPHEN DOLLINS...DATE: 9-16-08]

near the end said...

DOOM and GLOOM. Everything will work its way for the better.

dr.ira gilac your an idiot. Your glass I'm sure is always half empty.

mogel007 said...

The following is a condensation of a series from the Investor's Business Daily explaining 'What Caused the Loan Crisis':
1977: Pres. Jimmy Carter signs the Community Reinvestment Act into Law. The law pressured financial institutions to extend home loans to those who would otherwise not qualify. The Premise: Home ownership would improve poor and crime-ridden communities and neighborhoods in terms of crime, investment, jobs, etc.
Results: Statistics bear out that it did not help.
How did the government get so deeply involved in the housing market? Answer: Bill Clinton wanted it that way.
1992: Republican representative Jim Leach (IO) warned of the danger that Fannie and Freddie were changing from being agencies of the public at large to money machines for the principals and the stockholding few.
1993: Clinton extensively rewrote Fannie Mae and Freddie Mac's rules turning the quasi-private mortgage-funding firms into semi-nationalized monopoies dispensing cash and loans to large Democratic voting blocks and handing favors, jobs and contributions to political allies. This potent mix led inevitably to corruption and now the collapse of Freddie and Fannie.
1994: Despite warnings, Clinton unveiled his National Home-Ownership Strategy which broadened the CRA in ways congress never intended.
1995: Congress, about to change from a Democrat majority to Republican, Clinton orders Robert Rubin's Treasury Dept to rewrite the rules. Robt. Rubin's Treasury reworked rules, forcing banks to satisfy quotas for sub-prime and minority loans to get a satisfactory CRA rating. The rating was key to expansion or mergers for banks. Loans began to be made on the basis of race and little else.
1997 - 1999: Clinton, bypassing Republicans, enlisted Andrew Cuomo, then Secretary of Housing and Urban Developement, allowing Freddie and Fannie to get into the sub-prime market in a BIG way. Led by Rep. Barney Frank and Sen. Chris Dodd, congress doubled down on the risk by easing capital limits and allowing them to hold just 2.5% of capital to back their investments vs. 10% for banks. Since they could borrow at lower rates than banks their enterprises boomed.
With incentives in place, banks poured billions in loans into poor communities, often 'no doc', 'no income', requiring no money down and no verification of income. Worse still was the cronyism: Fannie and Freddie became home to out-of work-politicians, mostly Clinton Democrats. 384 politicians got big campaign donations from Fannie and Freddie. Over $200 million had been spent on lobbying and political activities. During the 1990's Fannie and Freddie enjoyed a subsidy of as musch as $182 Billion, most of it going to principals and shareholders, not poor borrowers as claimed.
Did it work? Minorities made up 49% of the 12.5 million new homeowners but many of those loans have gone bad and the minority homeownership rates are shrinking fast.
1999: New Treasury Secretary, Lawrence Summers, became alarmed at Fannie and Freddie's excesses. Congress held hearings the ensuing year but nothing was done because Fannie and Freddie had donated millions to key congressmen and radical groups, ensuring no meaningful changes would take place. 'We manage our political risk with the same intensity that we manage our credit and interest rate risks,' Fannie CEO Franklin Raines, a former Clinton official and current Barack Obama advisor, bragged to investors in 1999.
2000: Secretary Summers sent Undersecretary Gary Gensler to Congress seeking an end to the 'special status'. Democrats raised a ruckus as did Fannie and Freddie, headed by politically connected CEO's who knew how to reward and punish. 'We think that the statements evidence a contempt for the nation's housing and mortgage markets' Freddie spokesperson Sharon McHale said. It was the last chance during the Clinton era for reform.
2001: Republicans try repeatedly to bring fiscal sanity to Fannie and Freddie but Democrats blocked any attempt at reform; especially Rep. Barney Frank and Sen.Chris Dodd who now run key banking committees and were huge beneficiaries of campaign contributions from the mortgage giants.
2003: Bush proposes what the NY Times called 'the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago'. Even after discovering a scheme by Fannie and Freddie to overstate earnings by $10.6 billion to boost their bonuses, the Democrats killed reform.
2005: Then Fed chairman Alan Greenspan warns Congress: 'We are placing the total financial system at substantial risk'. Sen. McCain, with two others, sponsored a Fannie/Freddie reform bill and said, 'If congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole'. Sen. Harry Reid accused the GOP ;of trying to 'cripple the ability of Fannie and Freddie to carry out their mission of expanding homeownership' The bill went nowhere.
2007: By now Fannie and Freddie own or guarantee over HALF of the $12 trillion US mortgage market. The mortgage giants, whose executive suites were top-heavy with former Democratic officials, had been working with Wall St. to repackage the bad loans and sell them to investors. As the housing market fell in '07, subprime mortgage portfolios suffered major losses. The crisis was on, though it was 15 years in the making.
2008: McCain has repeatedly called for reforming the behemoths, Bush urged reform 17 times. Still the media have repeated Democrats' talking points about this being a 'Republican' disaster. A few Republicans are complicit but Fannie and Freddie were created by Democrats, regulated by Democrats, largely run by Democrats and protected by Democrats. That's why taxpayers are now being asked for $700 billion!!
If you doubt any of this, just click the links below and listen to your lawmakers own words. They are condeming!
http://www.youtube.com/watch?v=68D9XrqyrWo&feature=related#
http://www.youtube.com/watch?v=pIgqfM5C8lY#
http://www.youtube.com/watch?v=H9juJr8CSY4&feature=related#
Postscript: ACORN is one of the principle beneficiaries of Fannie/ Freddie's slush funds. They are currently under indictment or investigation in many states.

mogel007 said...

Nemo, you're right, "birds of a feather flock together," the income tax scheme & the Federal Reserve scheme were BOTH ushered in the same year of 1913. No coincidence of both schemes joining the same year in history & coming together.

Did you have a point other than that? It's not illegal to try & reduce your taxes down to zero if you can, assuming of course, you owe them in the first place.

habakkuk said...

The IRS is the collection agency for the Federal Reserve banksters.

dr. ira gilac said...

dr.ira gilac your an idiot. Your glass I'm sure is always half empty.






yo! im not da none who 'near da end'...yo IS!!

dr. ira gilac said...

Oct. 18, 2008

I am Violinio Germain of the 1058.497th Dimension of the Lighted Hosts of Haven. I am the inventor of the best in the world: the Strad", 'the Strad" under Various assumed names; thus "Stradivarious"

The best have played my Violence. Mosark, Brams, Shykovskey, Bark, etc.





Esau Sananda says that America is faded and beyond rebirthing. Is it our responsibility to clean up the mess that you have created in your nation?





The people upon Earth have trashed her to the point where Mother Earth is dying. They have polluted her air, water and land. Who is responsible for the clean-up? Are we of the Lighted Hosts, like the lunchroom supervisor, to clean up Mother Earth, leaving the people, who trashed Earth, to get off “scott free?”



Many of your readers have asked about the funding of the Prosperity Programs and Farm Claims. I have been actively working with those responsible to get the packets to the people and to help with the NESARA announcement. It is not my job to do it for you, but to help those, who have asked for my help. The job shall be done in spite of the opposition of the Darkside, for they shall never win against goodness. This move to goodness is to happen very soon. I have no exact date, but the timing and sequence are in order, and despite the present Darkside opposition, that shall be overcome, and the move to implement NESARA shall happen quickly.



I again refer you to Chapters 4 and 5 of Phoenix Journal #5 “From Here to Armageddon” for the facts of these “End Times”. (http://www.fourwinds10.com/journals/pdf/J004.pdf )



I AM VIOLINO GERMAIN of the 13488.6th Dimension. I AM ONE WITH CREATION/CREATOR SOURCE. Salumi to yo!!

and dun forget, buy a stradivarius an play it!

dr. ira gilac said...

and dun forget, buy a stradivarius an play it!





sho thins! when burly bowls hyps payout, i will!

near the end said...

Not a very good come back idiot.

neodemes said...

SOP ponders:

demo...arnt yo a 'little lait' wit dis case??

dis case hoppens in 06

waht?? yo just catching up to da 06' newspapers now are yo?? ;-)

********************************

That's moogies case, SOP.

Try to keep up.

near the end said...

NEMO WHY DID YOU FILE BANKRUPTCY BRUCE WHY????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Scott from Vineland said...

~~The Swami~~~ said...

Mogel, are you telling me Paulson and Scott are the same person?
________________________________________________
Have you ever seen us in the same picture?

Oh, by the way... I DO have your stapler. I am stockpiling office supplies to sell at the flea market to supplement my retirement.

Scott from Vineland said...

~~The Swami~~~ said...
Barack Obama and Osama bin Laden both have friends that have bombed the Pentagon.
________________________________________________
Maybe Obama and Osama are the same person.

Scott from Vineland said...

We live in the greatest nation on earth. Obama bin Biden needs your help to change all that. Vote Obama bin Biden!

Scott from Vineland said...

mogel007 said...
The following is a condensation of a series from the Investor's Business Daily explaining 'What Caused the Loan Crisis': .........
________________________________________________
And what followed was a surprisingly accurate summary of how we got to where we are today. Nice job, Moogs! You got it right on this one.

Before any of you start scratching your heads saying, "But I thought Scott From Vineland worked for 'them'", remember that I have always said that I knew there were problems in the industry. Fannie & Freddie may have been filed with corrupt Democratic political hacks and Wall Street may have let greed override common sense and decency but I still maintain that the general principles of mortgage lending are not inherently evil or illegitimate. It is merely subject to misuse and abuse just like anything else.