Archive for the ‘Blog’ Category

Ron Paul: Audit the Fed Legislation “Gutted”

Tuesday, November 3rd, 2009

Here’s the latest on the movement to audit the Fed now being gutted in Congress from Mish Shedlock. If you are seriously interested in seeing the FED get a real audit, you may want to follow the advice laid out in this piece to get your voice heard. Of course, it’s up to you – but looks like without some serious push, the Congress will once again kill any meaningful legistlation…

Debt Slave Bait and Audit the Fed Bill Gutted: What You Can Do

This should come as no surprise but Ron Paul says Federal Reserve Policy Audit Legislation ‘Gutted’

Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

Call The Capital Switchboard

Conservative For Change has this advice in Ron Paul’s Audit the Fed Bill Gutted.

It is time to get on the phone with everyone in Washington…Congressman and Senators and demand action against the illegal Federal Reserve. Call the Capitol Switchboard 202-224-3121 and speak with everyone you can!

Call Democratic Central Committee

On October 8, in Audit The Fed Revisited Jacob Dreizin offered this advice.

Without a flood of citizen lobbying, they will most likely water down H.R. 1207 into something meaningless, or else ignore it altogether.

The committee Democrats’ central phone number is (202) 225–4247, and the fax is (202) 225-6952. Alternately, and perhaps more effectively, you can politely email some or all of the committee’s most senior Democrat staff directly, as follows:

Committee staff director and chief counsel: Jeanne.Roslanowick@mail.house.gov

Committee deputy chief counsel: Lawranne.Stewart@mail.house.gov

Committee communications director: Steven.Adamske@mail.house.gov (or possibly Steve.Adamske@mail.house.gov)

Phone Your Own Representative

For a list of phone and fax numbers for Congress please see Speak Out – Audit the Fed, Then End It!

Oppose Debt Slave Bait

As long as you are phoning (you are phoning aren’t you?), you may as well make it double duty.

Patrick at the Housing Crash Forum says Please oppose the $8000 debt-slave bait!

The U.S. Senate will be voting on an amendment this week that would extend the first-time mortgage-slave tax credit.

The NAR is supporting the Dodd-Lieberman-Isakson amendment because they hope to get commissions for ruining more lives with debt.

This amendment would:

–Provide the $8,000 tax credit to ANY buyer (not just first time) so realtors can take more commissions at taxpayer expense.
–Set income limits absurdly high at $150,000/$300,000 for single/married buyers.
–Make the credit available until June 30, 2010, rigging the housing market to postpone affordable house prices.

The NAR is distributing “Legislative talking points” on the Dodd-Lieberman-Isakson Amendment $8,000 “Homebuyer” Tax Credit so realtors know how to spin the issue in public.

Patrick.net is asking for your help in generating phone calls to your senators in Washington, DC.

Please request to speak to each Senator’s Tax Legislative Assistant and ask them to OPPOSE the Dodd-Lieberman-Isakson amendment. We need to generate as many calls as quickly as possible. Here is a list of the phone numbers for our Senators:

http://www.senate.gov/general/contact_information/senators_cfm.cfm

Those wishing to see the 10-15 best housing related stories of the day (I subscribe – it’s free) may wish to sign up for housing crash news.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Debt Slave Bait and Audit the Fed Bill Gutted: What You Can Do
Posted by Michael Shedlock at 2:47 PM …. Print …. Email
Share This Post!:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Add to favorites
  • Diigo
  • Fark

Hedge Funds Investing in High Profile Divorces Next?

Thursday, October 22nd, 2009

The ultimate work of art by Max Keiser and his side kick; all we can say is… there’s nothing more to say than listen…
Max Keiser – Markets, New Zealand and from there spins out… Hedge fund managers running all the events of the world for the purpose of a profit.

Holy Cow. Nothing more to say. If you are looking for quotes of where they are reading from… follow ZeroHedge.com

Share This Post!:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Add to favorites
  • Diigo
  • Fark

Speaking of Change… Or Not

Saturday, October 17th, 2009

Seems some year and some ago, there was a great energy of change which was moving across this land.

But that change has come to a stand still. It’s as if someone turned back the clocks and threw us back in time.

Nothing seems to have “Changed” at all. We have had a war over health care in the streets as the Media has pitted those who need care against those who do not want anyone including government to control their access to what they believe keeps them healthy – which mostly is NOT the medical establishment – and we have had no movement of any substance on any major issue facing us.

Worst of all, as our nation has gone into this crisis led by the same Paulson, Geithner and Bernanke; so we still are being led down the garden path by the very people who created the debacle. The same who led us here are still leading us further astray. This is not change.

We simply keep falling for the rhetoric and not asking the real questions. Why? Because the guys we hired to do that job up in Washington are still all owned by the guys we need them to regulate.

The change that we came to the table for is not here, and it is time to talk about it honestly and directly.

The United States of Goldman Sachs is still running this nation. and so are the Bandits of America and CountryFine. Homeowners and good people all across the nation are eating dirt because the banks decided to go on a joy ride with credit at everyone’s expense and to their enrichment.

What I don’t get, excuse me, pardon me, is that while the blogs online are talking about it, NO ONE is doing anything about it except the same damn guy who has ALWAYS been doing something about it and that is Ron Paul.

I have watched this country sink into an ever deeper miasma of self doubt and fear and loathing and yet no one seems to be willing to stand up and ask the simple question. Where are the investigations of the fraud mongers? Which CEOs and “Federal Agents” have colluded to create this colossal financial catastrophe and who is on their way to jail?

Yet the land is dark and silent and the people keep taking their lashes and I wonder why they are so patient and so vigilant in a system that will trade their soul for a “loan mod” that will not reduce their principle balance nor their past dues but only trick them once again into an interest only cost inducing kick down the road…

A kick that will cost them only the waiving of all their rights as borrowers in ANY and ALL previous transactions; but which will leave them still completely burdened with the owing of the debt while the property which underlies it continues to fall.

This is like a death trap spiral in a cobra pit.

You cannot get out because you cannot qualify to get out and if you do qualify to get out the cost is everything plus waiving all your rights to any legal retribution to the lender for past wrong doing. Talk about the perfect con. They get you coming or going – with short sales with “borrower contributions required” on non recourse home owner loans (you know the kind of loans that the lender has to agree are limited to the real property for recourse – can’t ask for or seek funds from the borrower if those loans go bad… . – Well, not any more; the terms just changed.

Now they are going to take either a promissory note or cash from the seller losing their home in order to sell their home in a short sale and avoid foreclosure. So you either pay cash or promissory note or you lose your non recourse status, or to keep it you have to allow the house to go to foreclosure, not take the short sale and cost the taxpayer more money and put a foreclosure on your credit history.)

Or loan mods with increased monthly payments, no principle write downs and all the junk late fees and additional charges just thrown to the back of the loan for the borrower to pay later – while he pays off a loan worth twice what his house is now worth for the privilege of going broke trying – it’s all here. You have to try to qualify – to waive all your rights to ever hold them accountable for the fraud they just perpetrated on the entire economic system with their inflated bubble lending and MBS production mills.

MBS. I think that has to stand for More BS. MBS the truth is in the acronym. A pile of it too. They are now making all of us accountable for their fraudulent tactics against us!

MBS. I think that has to stand for More BS. MBS the truth is in the acronym. A pile of it too. They are now making all of us accountable for their fraudulent tactics against us!

This man who came in talking change is now telling us that he thinks the FED can deal with it?

This is bought, sold and paid for. Sorry but that is just a fact, so don’t talk rhetoric to me. The Goldmand Sachs of America still stands and he is their poster child. Change, my ass.

Share This Post!:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Add to favorites
  • Diigo
  • Fark