The Arizona Sentinel

March 19, 2009

Transparency Whoops,

Filed under: My Posts — thearizonasentinel @ 12:53 am
The Arizona Sentinel
 
Mr. President, maybe you will learn a lesson about what happened today in the House hearings, Did you propose transparency to win votes or was it because you knew that transparency would expose the truth behind our current fiscal condition of Trillions of dollars of debt.
Todays hearings, and the questions especially from Blarney Bunko Franko. Were nothing more than a distraction from the truth.  And a effort to CTA, or CYA.
Without exception, the problems we now face, were entirely caused by Congress. Starting with the Community Redevelopment Act, in the 70s, Jimmy Carter, Clinton relaxing leveraging requirments,  ,Bush failure to secure the borders, Congress, Chris Dodd, Barney Frank, Maxine Watters, ACORN, Barney Frank,  house and senate members, on both sides of the isle.
The more I listened to the hearing today and the rocks thrown at an American that has stepped up to help prevent further declines, is a disgrace and a fraud. The guy is making $1.00 per year to try to UN wind, what Congress put in motion. 
What needs to happen is for the American public to hold grand jury hearings and supeone Chris Dodd, Barney Frank, Charles Schumer, John McCain, Spencer Bachus, Barrack Obama, we need to turn the tables, and put these crooked politicians, on the stand and start drafting indictments, for political malfeasance.
 
Our economy is going to get a lot worse folks, Commercial real-estate has begun to rear its problems, residential will continue the current declines for the foreseeable future, And get this, new housing starts were up in FEB.  Just what we need more new empty homes. Now here is what is worse, The Fed and Treasury is promoting again, yes again, the bundling of mortgages and selling them as securities.  These mortgages must stay with the originator/lender,. This could be easily done. And would remove the subprime problem in the future, The fed and treasury are going to set us up for another failure in 10 years.
 
IM not a big fan of Wall Street. And we can throw all the rocks we want at Wall Street, but the real culprit here is Washington. If your a government paid employee. Consider this, you have a job because a bunch of civilians are giving it up for you. Thats gonna change going forward. Because when the fed runs out of paper to print, governments will begin to shut down.  Working for the government at any level must be embarrassing.
 
My hats off to Obama for going for Transparency.
Sometimes you gotta be careful of what you wish for. 
There is an old saying, keep your friends close and your enemies closer, Is there a chance that since Geitner was involved with the Feds bailouts last fall, that Obama wanted him close so he could learn all the facts behind the bush,paulson bailout. Am I putting out a naive position here? It would seem now , based on what we are learning , that Dodd, Pelosi , Barney are undermining the Obama administration, making life for the Obamas even that much tougher. Was Obamas statement the other night that he wanted Geitner to take any action necessary to stop the AIG bonus’s, just a smokescreen or were these Bonus’s approved by Dodd,and Frank, to blind side Obama,. Much of what Obama is doing is circumventing Congress, thats gotta be ticking off the Democratic leadership,. Sucks to be them.
The measure to prevent the bonus’s, was stripped by Dodd, Barney and other members of Congress from the stimulus bill, that  ultimately allowed the bonus’s to be paid.
 
Bottom line , the real problem facing our economy is the subprime, no doc, stated income loans made to illegals and non-credit qualified borrowers. AIG, problems go to foreign companies and economies,, Let them eat cake. They were stupid for investing in these AIG securities.
 
Threatening letters to Mr. Liddy and his family are completely misdirected.  Its time to face the music America, your government has failed you.
 
 
 
 
FEDUPREPVET

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