Government-Caused Depression?

American Thinker ^ | April 8, 2012 | Col. Frank Ryan, CPA

[OwenKellogg]

During the Vietnam conflict, a common complaint of soldiers was that you could never tell who the enemy really was.

In this current economic recession, too, I am beginning to wonder who the enemy of our recovery really is.

The president, Congress, the Federal Reserve, and the regulators are all telling us why so many others are to blame. The big banks have done it to us! shouts one group. Wall Street did it, claims another. Homebuyers who bought homes they could not afford are the real culprit! claims another.

Perhaps those who have been charged with the responsibility for managing the fiscal and monetary policy of our nation should look inward for their responsibility in this continuing crisis.

.....

It is essential that until the economy is more robust, the federal government, Congress, the president, and the regulators stop all efforts at increasing regulatory compliance burdens. Capital standards should be maintained at prudent levels until after the recession is over. At that time, it would be appropriate to consider recapitalizing banks with higher regulatory standards.

Once again, the very people tasked with assisting in controlling the economy are meddling, in a political way, in activities of which they have no understanding.

[OwenKellogg]

"When will Congress understand that you cannot legislate economic principles?"

Col. Frank Ryan, CPA is a retired Marine Reserve colonel. He taught economics as an adjunct faculty member at the college level, and he specializes in corporate restructuring and lectures on ethics for the state CPA societies. He has served on numerous boards of publicly traded and non-profit organizations.

[LomanBill]

 

 

" Uhhhh, that's not ours either! "

---Weiner, Obama, Perry, Pelosi, Frank, Pritzker and Associates, LLLP.

 

 

Follow the....

http://www.campaignmoney.com/finance.asp?type=in&cycle=08&criteria=pritzker&fname=penny

 

Billionaire business mogul Penny Pritzker is a member of one of America’s richest families and was the Finance Chair for the presidential campaign of Barack Obama.  It was Pritzker that led the prolific, and illegal, fundraising that helped power Barack Obama’s presidential campaign.  She was the chair of Chicago-based Superior Bank’s board for five years.  Pritzker was into subprime lending before it became all the rage starting in around 2000.  Prtizker's chairmanship was to concentrate on sub prime lending, principally on home mortgages, but for a while in subprime auto lending, too, after the Pritzkers' bank acquired its wholesale mortgage organization division, Alliance Funding, in December 1992. Back then they called it "predatory lending." Superior Bank went belly up in 2001 with over $1 billion in insured and uninsured deposits; 1,406 depositors lost much of their life savings.  This collapse came amid harsh criticism of how Superior’s owners promoted sub-prime home mortgages. On Nov. 1 [2002] the Federal Deposit Insurance Corp. pointed the finger at Ernst & Young, Superior’s auditor, in a fraud suit filed in federal court here.  But that action came two months after a group of Superior depositors accused the bank’s owners and directors, including two members of the Pritzker family, of racketeering....

[snip]

...Pritzker is chairman of Classic Residence by Hyatt, luxury senior living communities in 11 states; chairman of The Parking Spot, which owns and operates off-airport parking facilities in nine cities; chairman of the credit data company TransUnion and chairman of Pritzker Realty.  She also sits on the board of Global Hyatt and plays a role in numerous non-profit groups, including serving as chairman of the Olympic village portion of Chicago’s bid to win the 2016 Summer Games. 

 

http://www.theobamafile.com/_associates/PennyPritzker.htm

 

Nudge nudge nudge...

 

[samtheman]

They are going to try to fake a recovery in time for the election. Afterwards, we will all circle down into the depths of the biggest, deepest economic toilet ever seen in this country. It will make the 30s seem like a time or Roaring Prosperity.

[Texas Fossil]

I am beginning to wonder who the enemy of our recovery really is.

The enemy is the group who engineered Obozo's rise to power. They are the enemy of all free men. The serve the father-of-lies.

[OwenKellogg]

They are going to try to fake a recovery in time for the election.

---

As long as George Zimmerman does not set off some “unprecedented” conflagration.

[OwenKellogg]

The enemy is the group who engineered Obozo’s rise to power.

---

What was it that Ayers said -— I wake up every morning wondering how to end capitalism?

[samtheman]

I think Obama and his Gang of Thugs are worried that the Zimmerman thing has gotten out of their control and they are trying to let it slide away unnoticed so they can move on to other things.

I think the Thugocracy realizes how bad the orchestrated anti-Zimmerman “protests” are backfiring and they’re trying to walk away from them.

[mountainlion]

There are 300 families that own and control the world. If someone like Soros wants something he goes to the White House and talks to Obama. If the 300 want something they get the world bank, FED or SEC to do their dirty work.

[Vaduz]

The enemy is the group who engineered Obozo’s rise to power.

1.Socialists
2.Progressives
3.Democrats
4.MSM
5.

[OwenKellogg]

On CNBC.com ...

US Housing Secretary Pushes Mortgage Write-Downs
http://www.cnbc.com/id/46983826

The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.

[OwenKellogg]

Also from CNBC.com ...

US Freezes Pay for CEOs at Ally Financial, GM, AIG
http://www.cnbc.com/id/46981507

The chief executives of General Motors, American International Group, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the U.S. Treasury Department after their companies received “exceptional” bailout help during the financial crisis.

[OwenKellogg]

More from CNBC that shows that Washington just doesn’t understand that they can’t create a good economy by policymaking from DC ...

Disappointing Jobs Report Revives Talk of Fed Easing
http://www.cnbc.com/id/46976910

March’s disappointing jobs report shows the reversal of warm weather hiring, but also some troubling trends that are already sparking talk of more Federal Reserve easing.

[Texas Fossil]

You left out the “foreign” element that engineered his rise to power.

You identified well the internal traitors, but they rewarded foreign enemies and punished out allies.

This MUST END.

Oh, what I would give for a 2-3 year gig, after they are overthrown, to hunt down, help charge, prosecute, convict, sentence and punish those who did this.

[Vaduz]

With the amount of anger in the country your wish to charge, prosecute, convict, sentence may come true.

[riri]

Anyone who thinks this is being engineered from the seats of power in Washington DC is off base. This is a globalist operation designed to usher in global tyranny by the elites. The tools in DC are useful idiots who think they will get a seat at the table when the dust settles.

[Texas Fossil]

Correct.

These are truly frightening times.

Amazing that the U.S. based Globalists cannot see that they loose too.

It is now time to fish or cut bait. The future of the nation depends on the outcome of the November elections.

With either Romney or Obozo, the nation looses.

We have our work cut out for us. It is up to “We the People” now.