Peter Schiff on Fox Business 6.30.10
Jun/100
A video of Schiff’s appearance this morning on Fox Business!
Audit the Fed to be voted on today June 30th as part of a Motion to Recommit the financial reg reform bill…
Jun/100
MUST SEE: Bloomberg Headline: "Banks Financing Mexico Gangs Admitted in Wells Fargo Deal"
Jun/100
Well, “the Quickening” continues:
[Video links are on the LEFT side of the article, where all the pictures are.]
http://www.bloomberg.com/news/2010-06-29/banks-financing-mex…
Who would have ever thought a day would come, when a Wall St. insider MSM, like Bloomberg would ever report on one of their own, laundering money for CIA-Drug Cartels?
For more ease of use, DIRECT video URL:
http://www.bloomberg.com/video/61156902/
http://www.bloomberg.com/video/61162858/
http://www.bloomberg.com/video/61169668/
According to Catherine Austin Fitts, the former Asst.HUD Commissioner under G.H.W.Bush, somewhere between $500 BILLION to $1 TRILLION (1999-2002), now possibly up to 2.5 TRILLION DOLLARS, of our economy is in laundered drug money, in fact, at times, is supposedly what keeps Wall St. afloat.
To understand how the Cartels and Wall St. actually LAUNDER using “legitimate” businesses, check this out by Ms.Fitts:
http://solari.com/articles/scoop_narco_dummies.htm
I would have NEVER believed it, had I NOT read this years ago, STRAIGHT FROM REUTERS:
http://www.colombiasupport.net/199906/nysefarc.html
Reuters Headline: “NYSE Chief Meets Top Colombia Rebel Leader”
Kentucky Numbers: Paul (R) 49% Conway (D) 42%
Jun/100
The latest Rasmussen Reports statewide telephone survey of Likely Voters shows Paul picking up 49% support to Conway’s 42%. Three percent (3%) would vote for some other candidate and six percent (6%) more are undecided.
Complete details:
http://www.rasmussenreports.com/public_content/politics/elec…
Just Walk Away? Taxpayer-Owned Mortgage Giant Fannie Mae Attacking Struggling Homeowners
Jun/100
Taxpayer-owned mortgage giant Fannie Mae is targeting families by going after struggling homeowners who strategically default on their mortgage, the firm announced Wednesday.
A default is considered strategic when homeowners have the capacity to pay, yet choose to walk away from their mortgage. The trigger, researchers say, is negative equity: When the value of a home is less than what the lender is owed on it, borrowers are more likely to strategically default.
About 11.3 million homeowners with a mortgage, or 24 percent, owe more on their mortgage than the home is worth, according to real estate research firm CoreLogic. Another 2.3 million have less than 5 percent equity in their homes. All told, about 29 percent of all homeowners with a mortgage are either underwater or very close to it. The firm estimates that the typical underwater homeowner won’t return to positive equity until late 2015 or early 2016.
And Fannie Mae, an arm of the federal government and a big part of the Obama administration’s housing policy, wants to make sure that if struggling families walk away, they suffer for it.
Homeowners who strategically default or did not work “in good faith” to avert foreclosure through other means will be ineligible for new Fannie Mae-backed mortgages for seven years. The firm said it will also pursue homeowners in court, seeking so-called “deficiency judgments” to recoup outstanding debt by seizing borrowers’ other assets. Thirty-nine states do not limit the ability of lenders to recover what they’re owed.