MyRightWingDad.net

Consider this map in NYC mortgage defaults in the context of Clinton’s gutting of loan requirements back in 1995 because after all, the need to have an income when buying a home is a form of discrimination. Not having the money for a down payment is a form of discrimination. Looking at one’s past credit history is a form of discrimination...thus the crisis we are in. And why shouldn’t welfare recipients not use their welfare checks (err I mean their “public assistance” checks) to buy homes???

This is exactly why liberal democrats block any form of regulatory oversight of Fanny and Freddie. They were too busy shoveling out the money and letting their friends walk off with $100Ms in bonuses and salaries as they defrauded Fanny and Freddie.

And with the help of the liberal media...the blame for this crisis is falling into the republican’s laps – and McCain’s lap –WHEN McCAIN WAS ONE OF THE WHISTLE BLOWERS ON THIS MESS. HE TRIED TO STOP IT!!! I am not a fan of McCain but facts are facts.

I wish this map was available for income rather than race/ethnicity...but it does tells a tale none the less.

No one is against helping people to some level...but the notion that “everyone deserves a home” has proven dangerously reckless and has helped bring the world’s banks to their knees. Poison paper = blended risk instruments. That was what Fanny was selling banks all over the world – poison paper where the underlying assets where a mix of good mortgages and bad mortgages...this is why this is so hard to sort out. Lending had no choice but to freeze-up – YOU CAN’T LEND (or BORROW) AGAINST ASSETS OF UNDETERMINED VALUE!!!

And remember the Clinton Administration imposed this lending on the banks – Fanny served to make the impractical not only possible...but in the short term – very profitable. With a government gun to their heads and ACORN storm troopers weeding out the unwilling and with money to be made...few banks would not fall into line.

And Obama helped ACORN threaten the banks that would not lend into this madness.

Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street.
Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, ' Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that 'mistakes were made' and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years.' Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a 'golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear.http://housingdoom.com/2006/12/18/fannie-charges/ . The Government noted, 'The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.' These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.
Net windfall . . . $190 million!
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard 'was a strong internal proponent of using accounting strategies that would ensure a 'stable pattern of earnings' at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, 'Chief Financial Officer, Tim Howard , failed to provide adequate oversight to key control and reporting functions within Fannie Mae,'
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
Jim John son - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about John son. Investigators found that Fannie Mae had hidden a substantial amount of John son's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.' John son is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.

WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee

IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who tore Wall Street down to build the New Wall Street ?

"From my friend in city government:" -JC

Hmm, nice use of green font, could use some graphs, maybe an animated GIF to make it more approachable, although "This will make your day" is a solid hook. What else... Oh, and some footnotes. -m


-------Begin Forward---------


If you read this info on the Proposed Tax changes after the Election & do not get totally TICKED OFF Then GOD help us all We better wake up folks.

This will make your day!

"I just received this one this week from my boss!!!" -Amber

-----begin forward----

Welfare Poem - oh boy you will love this

...
I cross ocean,
poor and broke,
Take bus,
see employment folk.

Nice man treat me
good in there,
Say I need to
see welfare.

Welfare say,
'You come no more,
We send cash
right to your door.'

Welfare checks,
they make you wealthy,
Medicaid it keep
you healthy!

By and by,
I get plenty money,
Thanks to you,
American dummy.

Write to friends
in motherland,
Tell them 'come
fast as you can.'

They come in turbans
and Ford trucks,
I buy big house
with welfare bucks

They come here,
we live together,
More welfare checks,
it gets better!

Fourteen families,
they moving in,
But neighbor's patience
wearing thin.

Finally, white guy
moves away,
Now I buy his house,
and then I say,
'Find more aliens
for house to rent.'
And in the yard
I put a tent.

Send for family
they just trash,
But they, too,
draw the welfare cash!
Everything is
very good,
And soon we
own the neighborhood.

We have hobby
it's called breeding,
Welfare pay
for baby feeding.

Kid's need dentist?
Wife's need pills?
We get free!
We got no bills!

American's crazy!
He pay all year,
To keep welfare
running here.

We think America
darn good place!
Too darn good for
the white man race.
If they no like us, they can
scram,
Got lots of room in Pakistan .

It is interesting that the federal government provides a
single refugee with a monthly allowance of $1,890.00
and each can also get an additional $580.00 in social assistance for a total of$2,470.00 .

This compares very well to a single pensioner who after contributing to the growth and development of America for 40 to 50 years can only receive a monthly maximum of $1,012.00 in old age pension and Guaranteed Income Supplement.

Maybe our pensioners should apply as refugees!

Lets send this to all Americans, so we can all be ticked off
and maybe we can get the refugees cut back to
$1,012.00 and the pensioners up to $2,470 00 and enjoy some of the money we
were forced to submit to the Government over the last 40 or 50 years.

Please forward to every American to expose what our elected politicians have been doing over the past 11 years - to the over-taxed American.

Thank you Andy for sending this, a resignation speech by George W. Bush. Let me just write that again.. ahem... A RESIGNATION speech from George W. Bush. Ahh. Is that as fun to read as it is to type? This email is a variation of an older entry, only with a nice intro and illustrative pictures of our chief executive. I must say, his speeches are much more impressive without actually hearing the delivery.

---begin forward---

[Thanks Ted and his sis. "My sister and I are avid fans of your blog. I've held off sending MY typical in-box share of bizarre rightwing forwards, but this one seemed special."
That it is, I will think twice about picking up a copy of The Times. Send more!]

-----Original Message-----
We all have our disagreements with President Bush. Immigration, U.S. Attorney firings, Iraq, Darfur, etc., are all hot topics these days. The following "speech" was written recently by an ordinary Maineiac [a resident of the People's Republic of Maine]. While satirical in nature, all satire must have a basis in fact to be effective. An excellent piece by a person who does not write for a living. Sent with the author's permission.

Normally, I start these things out by saying "My Fellow Americans." Not doing it this time. If the polls are any indication, I don't know who more than half of you are anymore. I do know something terrible has happened, and that you're really not fellow Americans any longer.

I'll cut right to the chase here: I quit. Now before anyone gets all in a lather about me quitting to avoid impeachment, or to avoid prosecution or something, let me assure you: There's been no breaking of laws or impeachable offenses in this office.

The reason I'm quitting is simple. I'm fed up with you people.

I'm fed up because you have no understanding of what's really going on in the world. Or of what's going on in this once-great nation of ours. And the majority of you are too damned lazy to do your homework and figure it out.

Let's start local. You've been sold a bill of goods by politicians and the news media. Polls show that the majority of you think the economy is in the tank. And that's despite record numbers of homeowners, including record numbers of MINORITY homeowners. And while we're mentioning minorities, I'll point out that minority business ownership is at an all-time high. Our unemployment rate is as low as it ever was during the Clinton Administration.

I've mentioned all those things before, but it doesn't seem to have sunk in.

Despite the shock to our economy of 9/11, the stock market has rebounded to record levels and more Americans than ever are participating in these markets. Meanwhile, all you can do is whine about gas prices, and most of you are too damn stupid to realize that gas prices are high because there's increased demand in other parts of the world, and because a small handful of noisy idiots are more worried about polar bears and beachfront property
than your economic security.

We face real threats in the world. Don't give me this "blood for oil" thing. If I were trading blood for oil I would've already seized Iraq's oil fields and let the rest of the country go to hell. And don't give me this 'Bush Lied; People Died' crap either. If I were the liar you morons take me for, I could've easily had chemical weapons planted in Iraq so they could be 'discovered.' Instead, I owned up to the fact that the intelligence was faulty. Let me remind you that the rest of the world thought Saddam had the goods, same as me. Let me also remind you that regime change in Iraq was official US policy before I came into office. Some guy named 'Clinton' established that policy. Bet you didn't know that, did you?

You idiots need to understand that we face a unique enemy. Back during the cold war, there were two major competing political and economic models squaring off. We won that war, but we did so because fundamentally, the Communists wanted to survive, just as we do. We were simply able to outspend and out-tech them.

That's not the case this time. The soldiers of our new enemy don't care if they survive. In fact, they want to die. That'd be fine, as long as they weren't also committed to taking as many of you with them as they can. But they are. They want to kill you. And the bastards are all over the globe.

You should be grateful that they haven't gotten any more of us here in the United States since September 11. But you're not. That's because you've got no idea how hard a small number of intelligence, military, law enforcement, and homeland security people have worked to make sure of that.

When this whole mess started, I warned you that this would be a long and difficult fight. I'm disappointed how many of you people think a long
and difficult fight amounts to a single season of 'Survivor.'

Instead, you've grown impatient. You're incapable of seeing things through the long lens of history, the way our enemies do. You think that wars should last a few months, a few years, tops.

Making matters worse, you actively support those who help the enemy. Every time you buy the New York Times, every time you send a donation to a cut-and-run Democrat's political campaign, well, dammit, you might just as well FedEx a grenade launcher to a Jihadist. It amounts to the same thing.

In this day and age, it's easy enough to find the truth. It's all over the Internet. It just isn't on the pages of the New York Times or on NBC News. But even if it were, I doubt you'd be any smarter. Most of you would rather watch American Idol.

I could say more about your expectations that the government will always be there to bail you out, even if you're too stupid to leave a city that's below sea level and has a hurricane approaching. I could say more about your insane belief that government, not your own wallet, is where the money comes from. But I've come to the conclusion that were I to do so, it would sail right over your heads.

So I quit. I'm going back to Crawford. I've got an energy-efficient house down there (Al Gore could only dream) and the capability to be fully self-sufficient. No one ever heard of Crawford before I got elected, and as soon as I'm done here pretty much no one will ever hear of it again. Maybe I'll be lucky enough to die of old age before the last pillars of America fall.

Oh, and by the way, Cheney's quitting too. That means Pelosi is your new President. You asked for it. Watch what she does carefully, because I still have a glimmer of hope that there are just enough of you remaining who are smart enough to turn this thing around in 2008.

So that's it. God bless what's left of America. Some of you know what I mean. The rest of you, f--k off.

[A guest submission from Rachel from her cousin's husband]

Fw: Fw: READ THIS, YOU'LL BE GLAD YOU DID]�

The other day I was reading Newsweek magazine and came across some poll data I found rather hard to believe. It must be true given the source, right?


The Newsweek poll alleges that 67% of Americans are unhappy with the direction the country is headed and 69% of the country is unhappy with the performance of the president. In essence 2/3 of the citizenry just ain't happy and want a change.

So being the knuckle dragger I am, I started thinking, ''What are we so unhappy about?''

Is it that we have electricity and running water 24 hours a day, 7 days a week?
Is our unhappiness the result of having air conditioning in the summer and heating in the winter? Could it be that 95.4% of these unhappy
folks have a job? Maybe it is the ability to walk into a grocery store at any time and see more food in moments than Darfur has seen in the last year?

Maybe it is the ability to drive from the Pacific ocean to the Atlantic ocean without having to present identification papers as we move through each state?
Or possibly the hundreds of clean and safe motels we would find along the way that can provide temporary shelter?
I guess having thousands of restaurants with varying cuisine from around the world is just not good enough.
Or could it be that when we wreck our car, emergency workers show up and provide services to help all and even send a helicopter to take you to the hospital.

Perhaps you are one of the 70% of Americans who own a home. You may be upset with knowing that in the unfortunate case of a fire, a group of trained firefighters will appear in moments and use top notch equipment to extinguish the flames thus saving you, your family and your belongings.
Or if, while at home watching one of your many flat screen TVs, a burglar or prowler intrudes, you can shoot him with your own gun, or if there's time an officer equipped with a gun and a bullet-proof vest will come to defend you and your family against
attack or loss. This all in the backdrop of a neighborhood free of bombs or militias raping and pillaging the residents.
Neighborhoods where 90% of teenagers own cell phones and computers.

How about the complete religious, social and political freedoms we enjoy that are the envy of everyone in the world? Maybe that is what has 67% of you folks unhappy.

Fact is, we are the largest group of ungrateful, spoiled brats the world has ever seen. No wonder the world loves the U.S. yet has a great disdain for its citizens. They see us for what we are. The most blessed people in the world who do nothing but complain about what we don't have and what we hate about the country instead of thanking the good Lord we live here.

I know, I know. What about the president who took us into war and has no plan to get us out? The president who has a measly 31% approval rating? Is this the same president who guided the nation in the dark days after 9/11?
The president that cut taxes to bring an economy out of recession?
Could this be the same guy who has been called every name in the book for succeeding in keeping all the spoiled ungrateful brats safe from terrorist attacks? The commander in chief of an all-volunteer army that is out there defending you and me? Did you hear how bad the President is on the news or talk show? Did this news affect you so much, make you so unhappy you couldn't take a look around for yourself and see all the good things and be glad? Think about it......are you upset at the President because he actually caused you personal pain OR is it because the "Media" told you he was failing to kiss your sorry ungrateful behind every day.

Make no mistake about it. The troops in Iraq and Afghanistan have volunteered to serve, and in many cases may have died for your freedom. There is currently no draft in this country. They didn't have to go. They are able to refuse to go and end up with either a ''general'' discharge, an ''other than honorable'' discharge or, worst case scenario, a ''dishonorable'' discharge after a few days in the brig.

So why then the flat-out discontentment in the minds of 69% of Americans? Say what you want but I blame it on the media. If it bleeds, it leads, and they specialize in bad news. Everybody will watch a car crash with blood and guts.
How many will watch kids selling lemonade at the corner?
The media knows this and media outlets are for-profit corporations. They offer what sells, and when criticized, try to defend their actions by "justifying" themselves in one way or another. Just ask why they tried to allow a murderer
like O.J. Simpson to write a book about how he didn't kill his wife, but if he did he would have done it this way...... Insane!

Stop buying the negativism you are fed everyday by the media.

Shut off the TV, burn Newsweek, and use the New York Times for the bottom of your bird cage Then start being grateful for all we have as a country. There is exponentially more good than bad.

WE ARE THE MOST BLESSED PEOPLE ON EARTH,
WE SHOULD THANK GOD SEVERAL TIMES PER DAY.....