9/24/11

LOAN NOT TO FALLACY FOR FALLACY LOANS TO FAILURE Post 78

Hello,

There used to be an old expression, "there's more than one way to skin a cat", which is not a lovely thought but in this case for the unlovely subject, appropriate.

Early in September, I read a small article in the local newspaper about the Federal Government suing 17 financial firms, "including the largest U.S. banks" for selling government OPERATED Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed. NEVER MIND THE GOVERNMENT'S CULPABILITY IN THESE MORTGAGE LOAN FIASCOES!!!!!!!!!!!!They're ignoring their part by suing FREE ENTERPRISE BUSINESSES.

Bank of America Corp, Citigroup Inc., and a variety of various brokerage houses were targeted by the Federal Housing Finance Agency which OVERSEES Fannie Mae and Freddie Mac in buying mortgage loans and mortgage securities. EVIDENTLY "OVERSEEING" DOES NOT MEAN AVOIDING RISK BUT MEANS SHIFTING BLAME TO TO THE BANKS!!!!!!!!!!!

Freddie Mac and Fannie Mae bought $196 billion worth of risky investments. (Now that's some fancy OVERSEEING BY THE FEDERAL HOUSING FINANCE AGENCY!!!!!!!!) HOW COME THEY DIDN'T CHECK THEM OUT TO ASSESS RISK????????ISN'T THAT WHAT THEY ARE SUPPOSEDLY EXPECTED TO DO????? The suit alleges that the financial firms broke federal and state laws with the sales to FM and FM-IGNORING THAT THESE LOANS WERE SOLICITED BY FANNIE MAE AND FREDDIE MAC.

NOT ONLY SOLICITED BUT FIRMLY ENCOURAGED AS A WAY TO PROVIDE HOMES FOR THE POORER MEMBERS OF OUR SOCIETY. THESE GOVERNMENT AGENCIES ARE SEEKING EXONERATION as well as reimbursement plus interest etc. etc. PLUS ACCUSING THOSE INVOLVED IN THE SALES WITH BREAKING FEDERAL LAWS WHICH EVIDENTLY DON'T INCLUDE EMPLOYEES IN GOVERNMENT POSITIONS!!!!!!

The knowledge THAT the Communists' PHILOSOPHY, oh excuse me, PROGRESSIVES' PHILOSOPHY, IS BASED ON ACQUIRING THE BANKING INDUSTRY (or FINANCIAL) SYSTEM, the POLITICAL SYSTEM, and ESTABLISHING DEPENDENCY ON GOVERNMENT is or should be well-known. So, of course, too much REALLY BLATANT ACTION on the part of the Progressives in power IN AMERICA ALARMS THE PUBLIC AND IN RECENT YEARS a softer approach has been advised so that it is easy to deny.

Therefore, it behooves the Progressives to find more subtle ways TO "SKIN THE CAT" especially concerning the banking system in America. The maneuver of making banking dependent on Government controlled FANNIE MAE AND FREDDY MAC, while encouraging greater and greater risky mortgage taking, certainly yielded a bonanza. It was a Progressive "win-win" situation that one has to acknowledge for its duplicity!!!!!!

Putting one over on bankers has long been a cherished game and the Progressives certainly did that. Bankers chose dependency on questionable Federal lending agencies because of greater PROFIT. Progressives in Government solicited a position of funding mortgages for those who could not afford them and in the case of default being able to BLAME THE BANKERS FOR THEIR PART IN THE RUSE!!!!!! BANKERS FORGOT THE OLD RULE OF BANKING--LOAN NOT TO FALLACY FOR FALLACY LOANS TO FAILURE. In other words--loans that can't be repaid are lost money not profit.

There is no doubt that SOME of the current slate of BANKERS were CREDIT FOOLS WHO SAW ONLY THE PROFIT SIDE NOT THE "DOWNSLIDE". THOSE BANKERS CERTAINLY IGNORED another old saying "A MAN IS MEASURED BY HIS DEEDS NOT HIS POCKETBOOK".

AND THE PROGRESSIVES CLAIM THEY MEANT WELL--RATHER THAN ACTED BADLY (lol). So, now Progressives are taking the HIGH ROAD and THRUSTING ALL THE BLAME ON THE BANKING INSTITUTIONS THAT WERE CERTAINLY FREE TO RESIST THE TEMPTATIONS BEING OFFERED BY THE GOVERNMENT. MANY BANKS DID resist AND TO THEM GOES A VOTE OF 'GOOD CREDIT'!!!!!!!!

How does all this help the progressive cause????? IF YOU BANKRUPT A BANK!!!!!!!!!!WITH LAWSUITS FOR SOMETHING YOU HELPED SET IN MOTION--HOW DOES THAT DIFFER FROM TAKING OVER THE BANK????????? Sure, the bank WAS CULPABLE BUT SO WAS THE GOVERNMENT!!!!!!!! Bankrupt the bank and soon MAGNANIMOUS GOVERNMENT can BECOME A SAVIOR and take it into its STICKY WEB.

"OH WHAT A WEB WE WEAVE, WHEN FIRST WE PRACTICE TO DECEIVE"!!!!!!!!!Lots of old sayings that obviously the Progressives have put to good use. IT'S NO WONDER THAT THE PROGRESSIVE PARTY (whoops another mistake-the DEMOCRATIC Party) considers itself the party of intelligence. IF ONE RATES INTELLIGENCE AS DUPLICITY, RUSES, ROLE PLAYING, AND UNWAVERING ILLUSION then their claim is certainly justified. BUT NOT JUSTIFIED IF ONE RATES intelligence as HONESTY, PRINCIPLE, INDIVIDUALITY, and REASON BASED ON REALITY and FACTS.

WE CAN'T CREDIT MANY OF OUR POLITICOS with THAT KIND OF intelligence THESE DAYS BUT the ULTIMATE DUNCE CAP CERTAINLY GOES TO THE PROGRESSIVES FOR GETTING AMERICA INTO THIS MESS.

BUT wait!!!!!!!!!The Progressives have a saying all their own: NO CRISIS SHOULD GO UNWASTED!!!! so SUING THE BANKS AS A PLOY TO TAKING THEM OVER CERTAINLY FITS THAT BILL. AND IF CONTROLLING AMERICA IS THE ULTIMATE GOAL, WHAT BETTER WAY THAN A SEVERE DEPRESSION!!!!!!!!

NO CRISIS SHOULD GO UNWASTED!!!!!!!!! makes clear many of the actions taken in recent months by the Government IS an unrelenting attack on private enterprise.

There is no doubt in this blogger's mind that America is in a war for the minds and hearts of its citizens much like the war that the bankers lost to the Progressives. It is a war where GREED supersedes that other old saying--one the Progressives don't utilize since most do not believe in God: "GOD HELPS THOSE WHO HELP THEMSELVES". AMEN TO THAT!!!!!!

Another old saying from the depression in the 1930's: THERE'S NO SUCH THING AS A FREE LUNCH!!!!!!!!! LOOK AT ALL THE 'FREE LUNCHES' ATTACHED TO GOVERNMENT THESE DAYS.

CHEERS, CONNIE

9/17/11

CHICKEE HUTS, WATER, FIRE, AND CREATIVITY- POST 77

Hi,

Amusement at the JUSTIFICATIONS often given as excuses for even the most basic of actions, the laughter becomes hardier at the more complex of the justifications. By the way, this kind of justifying is recorded in Shakespeare's time so folks have been excusing their feeble ways for centuries.

The latest in a long line of justification for inaction harks back to blog #62 on the use of water in drought stricken fire areas from flood driven water areas in America. There was an article out of Washington recently that pooh poohed the idea of taking water to drought areas from flood areas as too costly and unrealistic. The article cited "a Texas oilman who once envisioned long pipelines carrying water to drought stricken Texas cities". A VISIONARY, obviously, whose idea was ahead of its time. The article called it just one of the untested fantasies of moving water vast distances.

GOOD IDEAS START OUT AS FANTASIES AND THOSE WHO HEAR THEM ALWAYS SAY "OH, NO THAT'S NOT POSSIBLE BECAUSE (WRITE IN HERE WHATEVER JUSTIFICATION!!!!!! that COMES TO MIND).

This WASHINGTON NEWSPAPER writer, obviously, is NOT a visionary and states that "moving vast quantities of water is not simple or cheap experts say," (DID ANYONE SAY IT WAS?????) "and thus not realistic." (NEITHER IS THE GOVERNMENT IN WASHINGTON BUT WE CONTINUE TO SUPPORT THAT!!!!!!) "Mostly it's too costly and political"(SAME AS WASHINGTON AGAIN!!!!!! AND THIS NEWS WRITER LIVES THERE?????). OKAY--neither WAS making a pipeline to Alaska and let's remember ALL WHO SAID IT COULDN'T BE DONE and THAT IT WASN'T REALISTIC. SAME EXPERTS.

THE ANSWER TO THAT can be assumed to be "but oil MAKES MONEY". OF COURSE IT DOES AND SO COULD WATER!!!!!!!!!!!!! If you are pipe lining WATER TO A DROUGHT AREA, DO YOU SUPPOSE THAT COULD BE AS VALUABLE TO THEM AS OIL?????????????? MAYBE MORE VALUABLE??????Is it possible that the FOLKS WHO ARE BEING FLOODED MIGHT CONSIDER MOVING THAT WATER ALONG A BENEFIT AND CONSIDER IT AS VALUABLE AS OIL????????????????? I would venture a guess (but I'm no statistician) that the cost of the fires in Texas and the costs of floods in mid-America and Louisiana alone could pay for the "hundreds of billions" of dollars this article cites building pipelines could cost.

AND WHAT ABOUT EXISTING PIPELINES CARRYING OIL? REMEMBER!!!!!!!!!!OIL AND WATER DON'T MIX!!!!!!!!!!! CAN WE USE THOSE SAME LINES AT GIVEN TIMES??????? CONTAMINATION??????PROCESSING IS A CURE AND THIS IS NOT WATER TO DRINK! its FOR THE LAND!!!!!!!!!!!

The WEIGHT OF WATER is also cited by the Washington newspaper writer as a justification for not moving massive amounts of water up mountains and quotes Arizona law professor,Robert Glennon, author of the book "Unquenchable" as saying "What all those zany ideas suggest are the traditional beliefs that we can control nature and there must be some oasis out there where we can go to import water." He continues "But those are mirages, tempting but not realistic." OH RIGHT ON, PROFESSOR!!!!!! THE EXPLORATION OF SPACE WAS A "MIRAGE AND OASIS" AS WELL BUT IT WAS DONE!!!!!!!!!! CAN WE DO LESS FOR SUFFERING AMERICANS. AND DEAR PRESIDENT OBAMA: HERE'S YOUR WORK FORCE AND JOB CORPS. GET WITH IT!!!!!!!!!!!

First and foremost, as a writer and and artist, I take exception to a lawyer's view of reality. The mess of "REALISTIC" laws in this nation currently floundering through the legal system are an indictment of the realities of the legal process. Left to legal reality, there would be little or no progress attributed to OUTLANDISH, ZANY, CREATIVE IDEAS.

Secondly, the weight of water may have to be explored by Engineers WHO set a course around, through or down through mountains to create portals to send the heavy weight on its way. Engineers built a Shuttle under the sea from England to Paris AND THE NAYSAYERS SAID IT Couldn't BE DONE!!!!!!!!!! THE PRESSURE OF THE WATER WAS TOO GREAT AND WOULD COLLAPSE THE STRUCTURE ETC. ETC. ETC. ETC........... HEY, it seems WE CAN JUSTIFY ALL KINDS OF NEGATIVE REASONS AS WELL AS POSITIVE ONES.

Looking at new ideas (or old ones) has to be done with an OPEN MIND and with the RECOGNITION OF NEW METHODS and ADJACENT costs. It is costing these flooded and drought stricken states and their citizens beyond belief!!!!!! SOMEONE OUT THERE MUST WANT TO EXPLORE "ZANY, OUTLANDISH, UNREALISTIC" IDEAS AND MAKE THEM REALISTIC?????????? PLEASE, SPARE THIS BLOGGER THE PLEBIAN THINKING!!!!!!!!!!!! THE JUSTIFICATIONS!!!!!!!! AND LOOK AT THE POSSIBILITIES!

ON ANOTHER FRONT THIS BLOGGER IS POSTING A PROTEST AGAINST THE WORST USE OF LOCAL GOVERNMENT AND ZONING LAWS. In Florida, a man was run out of the Restaurant business after a three-year code dispute and fines amounting to over $638,000. ($500. a day) HIS SIN?????????? Bad food-NO, NO, NO!!!!!!!!!! LOUSY SERVICE?????????? NO, NO, NO. CHEEKY ATTITUDE??????????? Well MAYBE. HE HAD THE AUDACITY TO BUILD A "CHICKEE HUT" on the side of his business.

For those of you not familiar with FLORIDA INDIANS, THE CHICKEE HUT WAS THE INDIAN HABITAT AND THE HUTS WERE FOUND ALL OVER FLORIDA as little as TWENTY YEARS AGO. And many locals including my parents had them built in their back yards for barbecues. Great atmosphere!!!! THEY HAVE ROOFS OF Palm Fronds among other vegetation and a frame of local wood from trees. They were cherished because of their history. Now this Florida town took exception to a CHICKEE HUT being built on the Restaurant owner's land NEXT TO HIS RESTAURANT (NOT IN IT) WHICH COST HIM $26,000. (even Indian wampum has risen) and was not up to THEIR zoning standards (ONLY THE INDIAN'S). HISTORY SELDOM IS up to ZONING STANDARDS!!!!!!!!! They told THE RESTAURANTEUR to take it down and he refused. AFTER ALL IT IS SUPPOSED TO BE A FREEEEEE COUNTRY!!!!!!!!!

END OF TALE??????????? Well he tried to get approval for modification--city said no deal--tear it down or be fined. OUT OF THE MESS OF LAW, THE CITY WAS AWARDED A FORECLOSURE JUDGEMENT (because they had the law on their side with zoning) WHICH ALLOWED THE CITY TO TAKE THE MAN'S PROPERTY TO RESOLVE THE FINES so HE JUST FILED FOR CHAPTER 11 bankruptcy.

Our REALISTIC LEGAL SYSTEM DID NOT SEE HISTORIC SEMINOLE INDIAN CHICKEE HUTS AS BEING EXEMPT FROM BUILDING CODES IMPOSED BY THE PRESENT ZONING SYSTEM. Our legal system is based on THE REALITY of LAW.

CAN WE SEE THAT THE REALITY OF PRESENT DAY LAW AND THE REALITY OF LIFE HAVE DIFFERING POINTS OF VIEW???????????? JUSTIFICATIONS CAN BE MADE BUT NOTHING CHANGES THE FACT THAT SOMEONE doing business up to food standards and other building standards, evidently honestly and straightforwardly, is now bankrupt, lost his business and his property because he wanted the freedom to build a HISTORIC CHICKEE HUT AND NOT BE ORDERED TO TEAR IT DOWN.

SOMEHOW, DOESN'T THAT SOUND LIKE SOME OF THE STORIES that we read about in COMMUNIST CUBA, RUSSIA, AND CHINA???????????

WHEN YOU VOTE NEXT YEAR, THINK ABOUT THE LOCAL LAWS AND YOUR LOCAL OFFICIALS AS WELL AS THE NATIONAL CANDIDATES!!!!!!!! BE AWARE THAT OPPRESSIVE AND DICTATORIAL LOCAL LAWS ALLOWING NO EXCEPTIONS AND THE ABILITY TO PRESS LARGE FINES CAN BE A HAZARD TO THE FREEDOM to which we all aspire. When justifications are offered for the candidates choices in applying jurisdiction, be sure that you agree that the loss of freedom is worth the action. A CHICKEE HUT can look messy; it can attract palmetto bugs; it is after all part of nature and not part of modern living; but is it SO BAD THAT IT JUSTIFIES the GOVERNMENT RUINING A CITIZEN'S LIFE??????????

This blogger can find no REALISTIC JUSTIFICATION FOR THE CITY TO HAVE ACTED IN THIS MANNER BUT I'M SURE THEY CAN OFFER PLENTY!!!!!!!!!!! JUSTICE DOES NOT COME FROM JUSTIFICATION OR EVEN THE REALITY OF LAW. IT COMES FROM COMPASSION AND COMPASSION IS OFTEN ONLY FOUND IN FREE MEN!!!!!!!

CHEERS, CONNIE