Apparently, Abraham Lincoln was prescient. He recognized his adversaries’ traits, and he noted their penchant for stealing the products of other people’s
labor. He declared, it is the same
spirit that says, you work and toil and earn bread, and I'll eat it.
As posted here previously, America is in a Diversity
Depression. The results of decades of Theftocrats’ vote
buying through deficit spending are upon us.
Gullibly, we signed notes mortgaging our heirs’ futures, enabling Corruptocrats
to pander to the drones who comprise their core constituency. One result is that today, there are too few
people who work for a living to support those who vote for a living.
To continue coddling them, Theftocrats sent Attorney General Eric Holder out with a regulatory club perpetrating
wholesale theft. He is reviving the affirmative action lending practices
that caused our current economic malaise.
These unrepentant thieves are trying to steal as much as possible before they
lose the 2012 election.
Holder is forcing banks to relax their mortgage underwriting
standards and approve loans for minorities with poor credit as part of a new
crackdown on alleged discrimination. The people who benefit from this theft are
the very people who made the allegations.
This is the illegitimate spawn of the Community Reinvestment Act.
So far, Holder has extorted some $20 million—DOJ admits
another 60 banks are already under investigation—from banks that settled out of
court to avoid protracted litigation. Included
were ‘non-disclosure’ settlement agreements barring them from talking while
allowing the DOJ to operate behind a curtain of secrecy. DOJ's conduct is reprehensible, and they want to
hide it. Naturally, mainstream media
have been largely silent.
The primary criterion for receiving these giveaway mortgages
is to qualify for affirmative welfare.
DOJ is forcing banks to advertise that minorities cannot be turned down
for a loan ‘because they receive public aid, such as unemployment benefits, welfare
payments or food stamps.’ No job; no
problem! Have we seen this somewhere before?
Eric Holder and DOJ’s Civil Rights Division have revived Bill
Clinton’s welfare housing hustle. Exponentially bloating
the Community Reinvestment Act's reach increased the number of scam
mortgages and led to the sub-prime mortgage industry that collapsed in 2008. With Fannie Mae and Freddie Mac teetering on
the brink of bankruptcy from guaranteeing so many fraudulent loans, government seized
them both. To date, about $150 billion
has been required to bailout the two agencies to keep them solvent.
The conditions that Holder has imposed requires banks to hire
inner-city ‘community organizers’…lenders are being forced to bankroll Acorn
clones that often exist just to shake them down for risky loans. DOJ is forcing banks to give stockholders’
money to professional sponges to achieve O-buma’s racist social agenda.
On one hand, government makes banks practice fiscal
restraint. They fired managers, CEOs,
and boards of directors. Multiple
agencies gave them soundness examinations.
Federal money was forced on them to pay for failed federal lending
requirements. As a result of this sort of government interference, 1400 banks have closed in the last two years, and many more are expected
in 2011.
O-buma is in the process of nationalizing the banking
industry. Since 2006, private loans fell from $8.48 trillion to $6.58 trillion; government loans increased to 6.32 trillion from $4.40 trillion. This does not include the half trillion dollar student loan business that feds confiscated from the private sector. When the second dip in the current recession hits, O-buma will declare a national emergency. Soon after, the Federal Reserve will seize the remaining banks. The state will have confiscated the nation’s capital to re-distribute as it
chooses.
May your gods be with you.
It may be necessary for the country to collapse in ruin before people wake up. The other day I was accused by another "conservative blogger" of wearing a ti hat because I had the audacity to say that I thought Obama hated America. If some conservatives can't see what we are up against, there is little hope for real change.
ReplyDeleteHe's starting to chirp about an "infrastructure bank." His mantra seems to be "I want what Europe has!"
ReplyDelete