Gene's Footnotes

I have never been impressed by the messenger and always inspect the message, which I now understand is not the norm. People prefer to filter out discordant information. As such, I am frequently confronted with, "Where did you hear that...." Well, here you go. If you want an email version, send me an email.

October 14, 2008

I know. I know

Sorry, back to Firefox

Excerpt of HERE:


The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical "housing rights" groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)

Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: "It is a classic case of socializing the risk while privatizing the profit."

And if you think Washington policy makers cared about ACORN's negative influence, think again. Before this whole mess came down, a Democrat-sponsored bill on the table would have created an "Affordable Housing Trust Fund," granting ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.

Even now, unbelievably -- on the brink of national disaster -- Democrats have insisted ACORN benefit from bailout negotiations! Senator Lindsay Graham reported last night (9/25/08) in an interview with Greta Van Susteren of On the Record that Democrats want 20 percent of the bailout money to go to ACORN!

This entire fiasco represents perhaps the pinnacle of ACORN's efforts to advance the Cloward-Piven Strategy and is a stark demonstration of the power they wield in Washington.

Enter Barack Obama

In attempting to capture the significance of Barack Obama's Radical Left connections and his relation to the Cloward Piven strategy, I constructed following flow chart. It is by no means complete. There are simply too many radical individuals and organizations to include them all here. But these are perhaps the most significant.

Cloward Piven Strategy

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who's who of the American radical left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist.
They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.

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Still here

What the heck, one more word, thanks to Rod.

Too much to recount in my topic, the depth of silent maneuver is broad,  so if you are interested, check out the diagram below, which I hope made it there, and the web site for more data.  At least, you will realize I didn't make up this stuff.  

Indeed, I would have added a few more names. All this stuff is right below the surface of the ABC News. Hence, critical thinking is not fostered (if teachers even have it.)

Safari treats Blogger differently, so I am not sure the blog worked.

Hope all are well.  Sorry that I haven't been around much.  Count your blessings.  I'm fine - had a stent put in my neck artery (the back one, the carotids are clear).  

Again, for those I wrote to, buy GE asap.  You would have made 15% on Friday, but the stock is a long term pick - huge dividend, low price, absurdly low PE ratio, and is the 2d largest company in the world. No brainer, but now follow it for dips, but don't lose it. Not a speculation.  I will go and put up some more wood.

Here goes. Hope it works.

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