PUBLISHER: C. S. Franklyn II     Copyright (c) CSF 2008     EDITORIALS & OP-EDS

ANOTHER SHOE DROPS: FREDDIE & FANNIE REGULATIONS CHANGED FOR WORSE!

With so many shoes dropping lately regarding the ECONOMY, it appears to me that the Government is a centipede as we all go into bankruptcy! Let's not forget that all these moves by the Treasury and the Federal Reserve System are frantic efforts to prove that government systems really work! They might work if corrective action was taken when early signs indicate the need for it! But politicians sit on the problem until it blows up in their faces OR THEY WAIT FOR THE IDEAL MOMENT TO GO PUBLIC WITH THE BAD NEWS! Then the Fear Factor and Emergency is greater which serves their special interest purposes!

SOCIALISTS AND COMMUNISTS KNOW THAT: Emergencies amid turmoil are the best times to make major changes -- many errors are made during such times -- some of them intentional and of major political impact! BEST OF ALL: CONFUSION OF THE UNCOMPREHENDING PUBLIC WILL SERVE TO KEEP PEOPLE UNDER CONTROL & IN A PARTISAN FRAME OF MIND!

I want to begin this piece with a brief observation: the Sub-Prime Mortgage seems to be the major source of the current Economic bad news! Please pay attention to how THE FED and the Treasury tries to fix the problem. First, the problem is the result of liberalizing the way low income people could qualify for a mortgage loan. This meant that Real Estate and Bank, lending groups could trick buyers into buying homes they could NOT afford! Everyone knew it! Especially, the real estate sales people and the brokers! That is how Bill Clinton's Administration  and his Treasurer Bob Rubin plus Greenspan managed to "overheat" the Economy. Remember "irrational exuberance"? OH, I SEE, YOU WERE WATCHING THE NFL INSTEAD! FIGURES!

How will our genius Jew experts try to recover from this nose dive? Answer: by liberalizing everything else plus stealing money from the responsible Middle Class folks who try to save AND ESPECIALLY SENIORS WHOSE NEST EGGS ARE IN IRA INVESTMENTS AND CERTIFICATES OF DEPOSIT! This means that when an emergency patient who has taken poison by accident, the hospital emergency doctors prescribe more of the same poison! 

WHEN WILL RELAXING FINANCIAL DISCIPLINES and REGULATIONS FOR POLITICAL PURPOSES END? Obviously, such practices permit the bankers more freedom to rip us off Big-Time!

My concern is that the present day-to-day unfolding of various fixes proves what a huge scam was pulled by the Jew-owned investment banks like Bear-Stearns, by far the greediest bunch of mortgage hounds in New Yorks Financial District! Actually, you should first read our blast on the Bear-Stearns Bailout if you really want to get all the flavor of this bitter fruit!

This morning, Fannie Mae and Freddie Mac institutions have been permitted to buy mortgages amounting to more than $700,000 per house (THE PREVIOUS CAP)  which means YOU and I will be shouldering a larger part of the Trillion Dollar Plus RISK created by conniving politicians and financial Pros who, at this moment, have not been revealed to us by our Leaders! Imagine! A government system that provides assistance to people who buy homes costing OVER a million dollars! Such a system is clearly designed for the predatory lenders! Poor people do not -- and should not be permitted -- to buy $700,000 homes!

Politicians -- Democrats, especially -- will insist that Fannie & Freddie are private organizations, but the concept behind both agencies has its origin in the days when the Democratic Party controlled The Congress YEAR IN AND YEAR OUT, hence, both agencies were made to look like private entities but they are part of a gimmick called Government-Supported Enterprises (GSEs) that will be bailed out by the Treasury should they ever fall on hard times. That, too, is denied! Furthermore, both mortgage agencies are over-sighted by and integrated with the Housing & Urban Development Department -- the most politicized AND CORRUPTABLE Socialist department in the government!

BOTTOM LINE: WE will take the hit when those agencies go into bankruptcy! Reason: HUD is a major welfare mechanism aimed at protecting the Poor especially our Black population! Housing is a symbol of emotion and gives rise to major unrest among the Poor. More homes means more property taxes! It is a bonanza for the Socialist Democrats to politicize!

Read the history of the ACORN group and you will see how  Black gangsters have corrupted the mortgage system with the help by their Activists in Congress! Carter's CRA law of 1977 is at the bottom of ACORN's sorry existence!     

The Pros on Wall Street are elated with this latest Government response! They should be! Every time they tweak the system, it takes more risk and the rope around OUR NECKS gets that much tighter! This morning's change is another rescue measure evolving from Washington's in-bed cooperation with Wall Street! It proves one more time how the Jews control our political environment and every aspect of our Economy! I realize you don't believe this but, someday, you may see the light!

This morning, my savings is yielding only 0.08% to 1.2%! With inflation now close to 6% and the U.S. DOLLAR'S Buying Power dropping, that means that Middle Class Wealth is taking a triple hit! I still believe that much of this tension is part of the Democratic Party's collusion with Jew manipulators of our Money to guarantee that Voters will be driven to elect Hillary and Bill Clinton to the Presidency AGAIN! The precision with which these Economic Downturns occur -- when national elections are in progress -- accounts for my cynical view! Remember, I have been watching these events ever since 1930!

This morning, the Wall Street Pros are borrowing money from The FED at the rates that prevailed in the Great Depression days! That means that they have more cheap cash to take advantage of the Markets where many stocks have been getting more and more attractive! For them, everything is WIN-WIN! All they had to do was to stage a protest by sending the DOW down while other hand-wringers in Washington scream that the sky was falling! Verily, this is Hollywood stuff!

For the rest of us, who must invest more conservatively, we are being killed with our meager savings now draining out of our accounts BIG TIME!  Yes, every downturn turns on the Middle Class savers who are helpless when The FED drops the interest rates! Senior's savings should be excluded from these interest rate swings but that would create preferential treatment which is deemed unconstitutional! Oh, yeah! What the Hell do you think we have been doing for 38 million Black people starting in 1955? They continue to protected by a Double Standard system that is shameful and patently unconstitutional! Yet the practice continues!  

First, however, do you know the background of Why, When and How Freddie Mac and Fannie Mae were created? You could try to read the stuff published by these two GSE agencies but I doubt that you will understand it! In my most cynical interpretation, the Fannie Mae and Freddie Mac agencies -- the former having started as part of Roosevelt's New Deal -- is a fundamental socialist strategy to inject the Federal Government into the home ownership and mortgage business so that the entire Housing & Mortgage Industry is directly influenced & intimidated by the Federal government. Home ownership is a key piece of The American Dream and the power to foreclose on a mortgage by private lenders worries Socialist-minded members of Congress!

This is an excellent example of where the USA is already a socialized country even though our Constitution intended otherwise!

One clarification before moving on: HOUSING is a crucial part of our semi-Socialist government. Since HUD has oversight responsibility for the GSE agencies like Fannie Mae and Freddie Mac, the U.S. government has essentially Federalized the entire Home Buying and Selling, Real Estate, Building, Legal, Trading, Outfitting Industry! It may surprise you to know that George Bush tried to get Congress to remove Oversight of Freddie and Fannie from HUD and put it in a non-political agency. Rep. Barney Frank, Senators Dodd, Schumer and all the Jews in Congress blocked the Bush move! Why didn't Bush's people go public and inform you and me of this skullduggery? Answer: the TV Media and the New York Times refused to carry the story! Homosexual relationships between key players in Democratic politics was involved, also! Nice!

This is why I want full disclosure of Who instigated a SUB-PRIME Mortgage Program which today has this nation's Economy on its knees! Whether it is an election year HOAX or a REAL failure of our Economy, we must stop such assaults that can be used to literally steal a national election or steal money from us based upon a pretense that the Economy is collapsing! Is it? Not when so many other indicators and the NYSE is still humming along! Look how fast the DOW has recovered all it losses in a matter of a few days! Bailing out greedy mortgage investment banks is not a sufficient reason to go to the extremes I see at this moment! But in an Election Year, we go crazy! But you don't have to believe that it is legitimate! It is a FAKE, FAKE -- FAKE!!  

In the 20 years I have been retired, only four of those years did I ever receive a Fair Yield on my Savings. This was a breach of faith, in my judgment, which has wiped out the purpose of the Individual Retirement Account Program created in Reagan's Administration. Greenspan, Bob Rubin, both creatures of Wall Street, and Bill Clinton and the Democrats in Congress were responsible for that assault on Seniors!  When you Boomers begin to depend on what your 401k Nest Eggs earn, you will begin to pay attention to how the Economy and the Purchasing Power of the Dollar is manipulated to your disadvantage! Holding harmless Jew Professionals in Wall Street AT MY EXPENSE AND YOURS is not HONEST GOVERNANCE! What it proves is that the USA Financial professionals including the Federal Reserve System are in the hands of a corrupt and greedy minority! They are the same Zionist Jews who keep $3 BILLION in foreign aid going to Israel on the first of every January, thanks to Jimmy Carter's Camp David Accords between Anwar Sadat of Egypt and Menachim Begin of Israel!  

In case you missed my main point here, what the SUB-PRIME MORTGAGE CRIME should teach you is the following:

POLITICS AND ESPECIALLY ZIONIST POLITICIANS IN THE CONGRESS, IN COLLUSION WITH the Housing & Urban Development Department AND OTHER ELEMENTS OF THE HOUSING AND MONETARY INDUSTRIES, NOW CONTROL THE DESTINY OF THIS NATION! THIS GROUP ANSWERS TO NO ONE, NOT THE PRESIDENT, NOT TO THE CONGRESS AND NOT TO THE PEOPLE! THEY WERE NOT ELECTED! THEY HAVE GRADUALLY INSINUATED THEMSELVES AND INFILTRATED INTO EVERY AGENCY OF THE FEDERAL GOVERNMENT WHERE THEY CAN NOW CONTROL THE DAILY AFFAIRS OF YOUR GOVERNMENT!

A FAR WORSE NIGHTMARE IS THAT THIS KIND OF CONTROL BY SOCIALISTS PERMITS THEM TO DIP INTO YOUR SAVINGS AT WILL AND TAKE BACK WHATEVER THEY PLEASE TO HOLD HARMLESS PROFESSIONALS ON WALL STREET AND OTHER HIGH SALARIED EXECUTIVES WHO RUN THESE VARIOUS HOUSING-RELATED AND FINANCIAL AGENCIES. SUCH A SYSTEM INVITES FURTHER CRIMES AGAINST OUR CITIZENS! PUBLIC APATHY LIES AT THE ROOT OF THIS PROBLEM AND ITS INSIDIOUS EFFECTS ARE SOON TO BECOME KNOWN. THE U.S. VOTER, HOWEVER, IS SO ILL-INFORMED AND APATHETIC ( AND STUPID, I MIGHT ADD!) THAT NOTHING WILL BE DONE -- NOW OR LATER -- TO CORRECT THESE INVASIONS BY AGENTS OF ISRAEL!

IF VERY SOON WE DON'T SEE A FULL AND HONEST DISCLOSURE OF WHY THE MORTGAGE CRISIS HAS OCCURRED PLUS NAMES OF THOSE IN WASHINGTON WHO INSTIGATED THIS MESS, WE SHOULD START A SERIOUS EFFORT TO CHANGE THE POLITICAL ENVIRONMENT IN THIS COUNTRY!

AS MATTERS STAND TODAY, WE HAVE NO RECOURSE AND NO WAY TO PREVENT THIS SAME WHITE COLLAR CRIME BEING REPEATED AGAIN AND AGAIN! THAT WEAKNESS IN OUR SYSTEM MUST BE CORRECTED BY ELECTING AN WHOLE NEW GOVERNMENT IN WASHINGTON!

WE CAN START BY RECOGNIZING THAT BOTH THE DEMOCRATIC AND REPUBLICAN PARTIES ARE ONE AND THE SAME BUNCH OF GREEDY & CONNIVING CUTTHROATS!!  A NEW THIRD PARTY FOR MODERATES AND INDEPENDENTS SHOULD BE CREATED  -- NOW! NOTHING IN THIS COUNTRY WILL IMPROVE UNTIL A NEW PARTY THAT JOINS MODERATES AND INDEPENDENTS IS ORGANIZED AND BROUGHT UP TO THE BATTLE FIELD!

IS ANYONE THERE? DOES ANYONE CARE?

Jayson Quigham  Ph.D.

March 20, 2008