Tag Fannie Mae

There are None So Blind As Those Who Will Not See

Allen Frederick 3 Comments

Random Ramblings from the Resident Raptor.

Insight for your “Journey across the Sky”

A View from the Nest www.eagleviews.org

Wisdom, mural by Robert Lewis Reid. Second Flo...

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Prov 1:20-33 (AMP) Wisdom cries aloud in the street, she raises her voice in the markets; She cries at the head of the noisy intersections [in the chief gathering places]; at the entrance of the city gates she speaks: How long, O simple ones [open to evil], will you love being simple? And the scoffers delight in scoffing and [self-confident] fools hate knowledge? If you will turn (repent) and give heed to my reproof, behold, I [ Wisdom] will pour out my spirit upon you, I will make my words known to you. Because I have called and you have refused [to answer], have stretched out my hand and no man has heeded it, And you treated as nothing all my counsel and would accept none of my reproof, I also will laugh at your calamity; I will mock when the thing comes that shall cause you terror and panic— When your panic comes as a storm and desolation and your calamity comes on as a whirlwind, when distress and anguish come upon you. Then will they call upon me [Wisdom] but I will not answer; they will seek me early and diligently but they will not find me. Because they hated knowledge and did not choose the reverent and worshipful fear of the Lord, Would accept none of my counsel, and despised all my reproof, Therefore shall they eat of the fruit of their own way and be satiated with their own devices. For the backsliding of the simple shall slay them, and the careless ease of [self-confident] fools shall destroy them. But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

The evidence is everywhere. Truth is blaring from the loud speakers all around the world. Countries are failing, here at home states are finding it harder and harder to meet federal mandates and public sector pension obligations. On capital street one company take over after another and yet nothing changes. The national debt will exceed 13 trillion dollars this year and only the sky is the limit into the future. Medicare and Medicaid along with Social Security are all in the red, let’s face it folks America’s entitlement programs are bankrupt and yet many refuse to change course or even acknowledge the direction America is heading is wrong.

Add to the mix Freddie Mac and Fannie Mae are still running deficits as far as the eye can see. Nothing is working on capital hill. And to be honest not much is working in the private sector either. The unemployment rate seems to be the only thing going up in an otherwise downward spiral.

Many have seen their personal nest eggs reduced or depleted with the recession of the stock market. Tax revenue is falling off rapidly because more and more people are not working. And yet many think all is well and the captain of the ship of state bellows full speed ahead on one socialist agenda item after another. Waiting in the wings are tax hikes along with the huge budget busting Obamacare plan still to be enacted.

Yes my friends the truth is out there, but can you handle the truth? Can you open your eyes and ears to listen to the sound of wisdom shouting aloud in the streets, and the marketplace? What must we do to stop this insane rebellion against the truth and sound fiscal policy? Our country is out of control. Fools are running the ship of state straight into an iceberg of ruin.

Ezek 12:2 (GW) “Son of man, you are living among rebellious people. They have eyes, but they can’t see. They have ears, but they can’t hear because they are rebellious people.

The irony is that America is now adapting the European model just as the evidence of its failure is becoming clear even to the New York Times. As Charles Murray wrote in “The Happiness of The People”-“If we want to know where America is headed—its destination—we should look to Europe.” The Times has now given us a harrowing picture of that destination. For the left leaning New York Times to see the handwriting on the wall it must be blatantly obvious. The truth is screaming from everywhere, the question is are we willing to heed wisdom’s warning or destined to suffer the fate of fools?

But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

But those who are waiting for the Lord will have new strength; they will get wings like eagles: running, they will not be tired, and walking, they will have no weariness. Isaiah 40:31 (BBE)

Along for the journey

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FG Was the Culprit in Housing &; Economic Crisis: Congressional Report

Allen Frederick 2 Comments

We’ve known this for months. In the later half of the Bush Administration there were serious attempts to *fix* this but the likes of Frank, Dodd, Kerry, etc….kept it going. Government in banking?? what would Alexander Hamilton have said? or M. Friedman?
clipped from www.cnsnews.com
Federal Government Was Culprit in Housing and Economic Crisis, Says Congressional Report

Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday

The claims in the report have long been advanced by conservatives, who argue that the Community Reinvestment Act and other federal programs fed the housing bubble that burst in 2007 and led to the economic downfall in 2008.
“In the short run, this government intervention was successful in its stated goal – raising the national homeownership rate,”
“However, the ultimate effect was to create a mortgage tsunami that wrought devastation on the American people and economy,”
the well-intentioned goal that everyone have a home even if they can’t afford it,”
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March Madness

Allen Frederick 6 Comments

Random Ramblings from the Resident Raptor.

Insight for your “Journey across the Sky”

A View from the Nest www.eagleviews.org

Surely oppression and extortion make a wise man foolish, and a bribe destroys the understanding and judgment. Eccl 7:7 (AMP)

It is sport to the foolish man to do evil, but the man of good sense takes delight in wisdom. Proverbs 10:23

I’m scared! I don’t know whether the world is full of smart men bluffing or imbeciles who mean it. Morrie Brickman

Whoever walks with wise people will be wise, but whoever associates with fools will suffer. Proverbs 13:20

March MadnessImg2 When I mention March Madness most people think of NCAA basketball and the final free-for-all playoff tournament. These tournaments determine the national champions of college basketball.

How March Became Madness: How the NCAA Tournament Became the Greatest Sporting Event in America

The NCAA tournaments are an American tradition that sends millions of fans into a synchronized frenzy each year. It is this chaos that gives the tournament its March Madness nickname. March Madness is the concentrated hype of 65 teams vying for college basketball’s biggest prize. It’s the last-second, buzzer-beating baskets, the euphoria of winning to play another day, and the agony of losing and going home.


Well this MARCH, and I am not talking basketball, but politics and the AIG bailouts, and bonuses paid to retain “top” employees in a failing business venture. To think Obama’s administration voted for the bail-out bill, which included the exception to executive bonuses, and then turns around and cries foul when those exempted bonuses are actually paid. Is it just me or does this sound like madness to anyone else? We used to call this kind of giving “Indian giving” (my apologies to American Indians). A more accurate analogy of an ‘Indian Giver’ today would be someone looking for a Quid Pro Quo. When a native American Indian gave a gift there was an expectation of a greater gift being given back, or a QUID PRO QUO. Sounds like politicians have taken to the “INDIAN giver” routine quite nicely wouldn’t you agree? But not only are politicians proponents of the Indian gift, so too are American corporations. Much like the large number of College basketball teams vying for a coveted championship, these politicians and corporations are acting like madmen chasing after taxpayer bailouts and government kick-backs. It has become chaotic and zoo-like.

The Federal Government, under Democrat control, asked AIG to write sub-prime loans by promising Freddie Mac and Fannie Mae would back these worthless loan instruments. Fannie and Freddy then found themselves unable to float these bogus loans when the stock market took  a dive, and the whole floor fell out of the housing market. As a result, AIG found themselves, along with other banks and lending institutions, in financial trouble. Obama promised to bail them out because the government was responsible for this irresponsible lending program in the first place but “do not tell anyone”.

As a result of the bail-out the government, which sees itself as having control over the insurance giant, now wants to tell AIG how to run their business. Again the feds are struck with madness. To think that a bunch of bureaucrats, who have never run anything bigger than a re-election campaign, feel they are qualified to run the largest insurance company in the world. This is totally insane! Just look at how well they run the government! Anyway, back-room negotiations go on and the deal is struck. Months later, when business returns to normal, which is after all what the bail out was supposed to accomplish, and the bonuses are actually paid, the government cries foul.

I am not sure who was supposed to give whom what, but something apparently fell apart in this INDIAN GIFT exchange. AIG wanted something in return for the bail out or UNCLE SAM wanted something in return for the gift but neither got what they thought they were getting. I would simply call that FRAUD.

While congress is madly rushing about trying to figure out how to get the money back, and keep the country focused on this INDIAN GIFT exchange, underneath the radar, billions of taxpayer dollars have left the country through AIG to foreign banks. In the wake of all this madness surrounding the AIG debacle, Congress continues to move full-speed ahead on ever-increasing government spending and freedom robbing legislation.

Congress is chasing millions while billions have left the country. The Obama administration wants the country to be outraged over a few company bonuses while they continue to spend trillions of dollars on worthless pork projects. Why are they concentration on a measly 163 million while they spend trillions? THIS IS MADNESS at the highest level. THESE PEOPLE are INSANE!

All this madness would never have happened if our elected officials had only listened to ‘WE THE PEOPLE’. We told congress not to BAIL THESE FOLKS out in the first place. I am convinced however that the whole AIG program was orchestrated by the Obama administration as a way to funnel tax payer money to foreign donors to his campaign under the guise of BAILING OUT FAILED Companies. After all, none of the money actually did any good in bailing out any of the intended benefactors of the government largess. IN fact the reverse is true! They are still failing.

Call me mad if you want to, but I was never in favor of bailing out any company- especially with taxpayer money. I might have supported a moratorium on corporate taxes to help them restructure their debt load but I would have never thrown money at them. So it truly is MARCH MADNESS on full display in our federal government. This whole scandalous event, demonstrates vividly the ineptitude of the current crop of elected officials. The inmates have for a surety, taken over the asylum. I would say someone has flown over the cuckoo’s nest this month. What say you?

But those who are waiting for the Lord will have new strength; they will get wings like eagles: running, they will not be tired, and walking, they will have no weariness. Isaiah 40:31 (BBE)

Along for the journey

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