Wednesday, November 30, 2011

Retiring Barney Frank's Fannie Connection and Backdoor Bailouts

Barney Frank's legacy will not include the prostitution ring that took place at his Washington D.C. townhouse in 1989, without his knowing, according to Barney. He was reprimanded by the House of Representatives in 1990, but Massachusetts, the home of American witchcraft, reelected him - too many times.

Barney Frank's legacy will not be that he was the first "Out" gay to become part of the United States Congress.

Frank will also not be known, either as the brother of Clinton wonk Ann Lewis, nor for his stammering and stuttering. He will also not be famed for the excessive regulation through his Consumer Protection Bill which includes 140 rules and regs, outlined in a 2300 page document, which will restrict banks enough to make banking more costly in the long run. It is also predicted to hurt small businesses and farms. All that, just in an attempt to cover his own fanny for the economy-housing meltdown that brought the United States to its fiscal knees and culminated in 2008. They called it the Great Recession.

Rather, Barney should be remembered for his infamous quote protecting Fannie-Freddie and the status quo in the housing industry, which was a premeditated plan to furnish houses to the masses, obviously in exchange for the affections and votes of new, unqualified home owners to "own" homes they could not afford.

BF in 2003: "'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Unqualified home buyers only needed one qualification, that they be NINJAs - No Job No Income No Asset borrowers.

The so called Neighborhood Reinvestment Act of 1977 was first proposed by Jimmy Carter and the Democrats in order to stop "redlining" which accused banks of home loan discrimination. (Banks had the bad habit, back then, of requiring down payments on homes up to 20 percent, along with good job and credit records in order for a buyer to be qualified). How unfair, the Dems said. Clinton, at the urging of Jesse Jackson and other community organizers, upped the ante and accelerated the NINJA loans despite the objections of many Republicans and even Democrats. Barney Frank was not an objector to this Share the Wealth Plan that was doomed to failure from the beginning.

The fiat regulations permitted by the Federal Government, during the sub prime interest cum housing bubble, encouraged greedy mortgagees to make loans that were bundled and securitized - to the moon - because the assumption was that all the loans were, in some way, guaranteed by the Fed. It was this sort of regulating that was the problem. Those faux regulations should have never been allowed, or at least, eliminated.

Very much part of Barney Frank's political longevity must be attributed to his gayness, which has given him an immunity from academic/press/Hollywood criticism, just as Rosie O'Donnell was dubbed "The Queen of Nice," despite her real personality, and the judges on Dancing With The Stars sobbed on each other because of Chaz Bono's courage and talent. Huh? One common opinion shared by political insiders on both sides of the aisle, is that Barney Frank is one nasty man, as spoken by liberal columnist Dana Milbank to Bill O'Reilly and Karl Rove. Chris Matthews, however, has expressed his Obama-type tingling for Senator Frank.

Then, in the 1990s Barney Frank had an encouter with Moses. No, not that Moses. It was Herb Moses who worked at a high level position at Fannie Mae, who became Barney's special beau years ago - and worked at Fannie up until the late 90's - when Barney was on the House Banking Committee, which overlooked Fannie Mae, but not that closely, obviously.

Among Barney Frank's unmemorable legacies will include his Financial Stability Oversight Council, part of the Dodd-Frank Consumer Protection legislation, which actually affords financial institutions to again be bailed out if they sink into another 2008 type meltdown, because they will be deemed, once more, Too Big To Fail.

Backdoor Bailout Barney is exiting Stage Left. How else?

Saturday, November 26, 2011

Penn State Hiding Pedophiles And Pseudo Climate Change Scientists

It seems just like yesterday when a number of manmade Climate Warming scientists were caught fudging figures to benefit their Globalbaloney warming theories. Penn State's Michael Mann (Hockey Stick Graph) was caught two years ago manipulating data, but Penn State President, Graham Spanier, defended Mann's cheating faster than the time it takes Jerry Sandusky to take shower - who was also protected by Spanier.

Mann is again in the news as more hacked email, compliments of the Russians, have been released, and may be even more damning than the original email dump from two years ago. In the confiscated emails, climate scientists around the globe indicate the purpose of their faulty, fudged findings: " "Over 2.5 billion people live on less than $2 a day" and, "Nations must invest $37 trillion in energy technologies by 2030 to stabilise greenhouse gas emissions at sustainable levels," the message states.

From the Guardian.UK : "
One of the most damaging claims in 2009 was that Prof Phil Jones, the head of the UEA's Climatic Research Institute had deleted emails to avoid FOI request. One of the reviews into the content of the emails, conducted by Sir Muir Russell, concluded that "emails might have been deleted in order to make them unavailable should a subsequent request be made for them" - something that Jones has denied. At the time CRU was coming under sustained pressure by an organised campaign to release information, which the scientists saw as distracting from their work.

Distracting from their work, indeed.

Wednesday, November 02, 2011

Herman Cain Victim Of Bill And Hillary Clinton's Feminism

How the press covered for Billy Bob (BJ Clinton) as he was running for President in 1992. One of Bill Clinton's earliest public lies was made while being interviewed on 60 Minutes back then. "I did not have relations with Gennifer," was his statement, as he sat beside a more naive looking Hillary on the 60 Minutes set. Was that the interview where the stage lighting came crashing down very close to the Liar 'N Chief? Hillary was nodding her head in agreement with Bill's confession of chastity, standing by her man, as she was remembering how many times she screamed at him for his many infidelities during his Governorship in Arkansas. The State Highway Patrol had procured many a lady and girl for him, yet the press nodded and winked at Bill's slutty behavior from then on - throughout his career of whore mongering, all the way up to the DNA stained dress of Monica Lewinsky. In fact, Clinton's ratings rose during his public humiliation, because that's what makes you popular among Democrats - frequent commission of all the Deadly Sins.Bill Clinton owed his wife, Hillary, big time. And, he has paid big time, including knocks on the head from her tossing everything from ash trays to lamps at him. Gennifer Flowers later produced tape recordings proving his long term affair with her, and he finally admitted to the affair, only when he was providing testimony (he didn't lie in this one) during his defense for groping recently widowed Kathleen Willy. Not to mention the believable accusations of rape by Betty Broaddrick even later. And, who could not believe Paula Jones, who became all the more believable as the facts (DNA stained dress) discovered in the Monica Lewinsky case seeped out for over two miserable years as suffered by the American public, as well as Bill and Hillary.

Hillary was so adept during the 1992 Presidential campaign in stifling Bill's women from yakking about their affairs through her Operation Bimbo Eruption (strange thing for a feminist lady to call her fellow ladies), which threatened squealers not to talk about their intrigues with husband Bill. Later in Bill's tenure at the Oval Harem, one of his former babes, a Miss America, was so frightened, she fled to Canada. The press, even today, still will never report on Bill's current girlfriends, who seem to get younger and blonder every day.

So, Herman Cain has been accused of something he could barely remember (that is why he initially admitted as to having no knowledge of his Crime of the Century), and the press, even Fox News, has been down his throat like white on rice, not understanding his original ignorance of a twelve year old story, that was not even a story at the time of the sexual harassment allegations by women who originally agreed not to talk about the "incidents," and who are anonymously making the claims.

It is another Anita Hill moment, as we celebrate 20 years since she tried to deep six Clarence Thomas over a hair on a Coke can. Libs cannot stoop too low.

Strangely, as Bill was getting a lot of strange varieties of women, he was also pushing, back in the 1990's with Hillary's prodding, for the 1994 Violence Against Women Act and other extreme measures which nailed the coffin on men falsely accused of everything from sexual molestation, rape, sexual harassment, and even child abuse. VAWA as it was called, gave ladies such a leg up in the judicial sysystem, that prosecutors could even more easily indict men of the above crimes, as Bill and Hillary's VAWA affirmative action scheme poured billions of dollars into prosecutors' coffers, in order to jail and fine men-accused-by-women like never before. After VAWA was passed sexual harrasment lawsuits tripled. Even against Bill Clinton. Poetic justice?

More and more women and girls could safely come forth and lie their panties off (Duke Rape Case, one of many) and suffer no repercussions for lying and bearing false witness, as it is even today. Since VAWA, women have been given even more inculpability and less responsibility in domestic and criminal courts across the country. I know of cases where men have gone to jail for may years, because of obviously false accusations. Free Tony Cioffi out of Younstown, Ohio is just one of many cases I have been involved with while working in the Prison Ministry. His story is unbelievable. The courts totally bought the story of his wife's accusations during a bitter divorce that he molested his two younger male children, which they recanted years later. The courts do not like to hear recantations. They like to jail. Especially, the lady prosecutors, lady psychologists, lady social workers, lady probation officers, lady judges, and lady lawyers. It started in the Garden of Eden, this enmity between men and women, and Bill Clinton made it worse in many ways.

So Bill and Hillary accelerated the trend of overly protecting girls and women in the judicial system, even while Hillary allowed Bill to freely extort and abuse women at his leisure.

And the press said, and still says, nothing. But Herman Cain . . . . there's a story.