Skip to comments.Regime Change
Posted on 09/20/2012 7:51:24 PM PDT by 2ndDivisionVet
Is it going to be another Reagan landslide, with Romney tossing out Obama like Jimmy Carter? Or is there a "shift of values" in Americans like Queen Elizabeth II discerned during the outpouring of emotion at the death of Princess Diana? Is it going to be the Romney/Ryan practicality, traditional values and common sense agenda that prevail? Or will the Obama/Biden pitch win out, that promises European socialism over American exceptionalism, green platitudes and ever increasing social spending without specifying who is going to pay for it? On both sides of the issues, there is a sense something big is in the balance.
As the tectonics of the race cause shifts and rumbles in the body politic, the elephant in the room is Wall Street, the general reference used to describe the bankers, investment bankers, traders, government dominated mortgage agencies, private mortgage firms and insurance giants who brought down the economy. Yet, the responsible parties were not mentioned at either nominating convention. The Republicans could have diverted blame away from their own President George W. Bush for the debacle with an attack on the criminals who walked off with our national wealth. But they did not, leaving the path clear for the Democrats to convene a week later and lay the economic disaster on George Bush too.
This leaves Obama the crutch that he inherited the mess from a Republican that can't be fixed in a measly four years. Romney, and his number-crunching running mate, is left in the role of "work-out artiste" with skull and bones imagery on his suspenders, as novelist Tom Wolf parodied in A Man In Full, his book on the real estate driven collapse of the early 1990s...
(Excerpt) Read more at americanthinker.com ...
He's not the one I wanted, not even close, but between Romney and another 4 years of the obamanation, the choice becomes easier by the hour.
I'm voting with vengeance this election, using the only effective weapon available to beat the demonrats and hopefully save what's left of your and my American Dream.
There are allegations by Hilary supporters that she made the mistake of promising to investigate and go after the bankers. Within one month, Obama gets all the press attention and nearly 500 million flowed into the campaign coffers of a left wing radical Obama from Wall Street and foreign sources. Historically this is very unusual position for known leftwing radicals, corporate and Wall Street funding. According to the allegations, Obama radicals made a pact with Wall Street and visa versa. Bankers were facing potential investigation and criminal referrals like their S&L schemers in the 1980’s. Obama radicals made a deal, let the radical left take power and in return no investigations on Wall Street bankers and let the statue of limitations run out. Holder is made AG (a known Wall Street bundler for Wall Street donations) and he had not investigated Wall Street bankers, SEC is mum, no criminal referrals nor trials. Last S&L crisis, savings and loans were closed, investigations were conducted by Fed regulators resulting in 1000+ criminal referrals to DOJ and trial/conviction of 900. The S&L crisis was only 1/70 the scale of the mortgage and Wall Street collapse of 2008. Issues of liar loans (mortgage company encouraging applicants to lie), bundling of liar loans into portfolios and rating agencies rating them AAA (rating agencies assigned AAA ratings after the bankers refuse to provide the mortgage application data to the rating agency analysts), lying on perspectives that all the necessary paperwork were in order (titles were not secured and lost in the MERS) for all the mortgages in the MBS, Wall Street set up the MERS and lost titles to mortgages as they sold it in milliseconds like stock shares. I can go over numerous violations, CEO’s and officers aware of the intentional deviation from standard commercial practices and the fraud as high risk and defective paperwork mortgages were hurried thru the securitization process and sold to the Fed gov and later investors and pension funds. The record fees and points earned for the mortgages while the gov and investors brought the defective portfolios only to have them implode when defaults and collapsing real estate prices hit in 2007.
Since no one is punished, fines representing fractions of the billions earned were paid in sealed settlements. We are setting ourselves up for another similar crisis because the young execs watching this process concluded, crime does pay. The lack of punishment is worth the risk.
bump for wow. must read later.