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Archive for the Frank Lynch Foundation CategoryNew URLDecember 15, 2008 by Frank Lynch.
future posts by Frank Lynch blog will be available at http://franklynchusa.wordpress.com which will be much more active than this blog!! Please update your Favorites and especially please add this link to your own blogroll Thank you for all your support! Together we have succeeded in defining the issues of the 2008 Presidential campaign. Prior to posting the new ideology contained in Frank’s Top Ten List on my 2008 Presidential website at http://www.franklynch.org on July 20, 2007, none of the other candidates, including our new President, had included such vital issues as energy independence, windfarms, plug in electric cars, universal healthcare, tuition grants to college students, creating new jobs, and talking to our enemies. Today all these issues arethe core issues of President Obama and the Democratic Party, and I am proud to have contributed to the future of America. Please add the new blog http://franklynchusa.wordpress.com to your blogroll and favorites so we may add new issues, such as creating not the small number of Jobs Obama now seeks, but 10,000,000 new jobs! Posted in glen beck, change you can believe in, universal healthcare, plug in cars, autos, General Motors, presidential elections, katie couric, Franks Heroes, Frank Lynch Foundation, DNC, abc news, nbc news, global warming, China, bank failures, oil, bankruptcies, Sarah Palin, auto company bailouts, corporate insiders, wind power, charity, Ann Coulter, Human Rights, Michelle Malkin, NATO, education, blogroll, Democrats, Lou Dobbs, franksheros.com, Larry King, Oprah Winfrey, cnn news, cnn, franklynch.org, Paris Hilton, Frank Lynch University, Frank Lynch, politics, news and politics, life, msnbc news, cbs news, law school, geeks, college, history, Republicans, New York, Florida, Bill Clinton, Hillary Clinton, Barack Obama, New Mexico, New Orleans, Uncategorized | 1 Comment » Federal Reserve Stampeding Public and Congress into Communnist BailoutSeptember 26, 2008 by Frank Lynch.
Historically, every time the Federal Reserve has taken over a bank or savings and loan, the failed institution has been seized by the Fed’s staff arriving at the target institution’s headquarters after the close of business on Friday night, so that the public has the opportunity to adjust to the shock over the weekend, and so that there will not be a run of withdrawals the next morning. This time, it would appear that the Fed was manipulated by politics regarding the public opposition to the Democratic Congress’ support of Paulson’s $700 billion, no strings attached, gift to his colleagues on Wall Street. By Thursday afternoon it was clear that the Republicans in Congress had finally decided to listen to the wishes of the voters, and were refusing to go along with the Democratic Finance Chiefs Senators Chris Dodd and detached Barack Obama. So the Fed attempted to panic the public by taking over Washington Mutual on Thursday night instead of over the weekend. The Fed is part of the criminal conspiracy seeking to panic the public and the ignorant buffoons in Congress into a fearful stampede or else the world will end! This is contemptible manipulation of the public through false fear, identical to the strategy of fearful stampede into the second Iraq war. Thursday’s seizure of Washington Mutual by the Fed is a despicable attempt to use fear and panic to stampede both Congress and the public into a totally wrong and incredibly absurd course of action. The $700 billion gift to Wall Street makes no sense at all and does nothing to treat the root cause of our problem, which is the permission of the government to financial institutions to bundle mortgages into tradable security packages. The first step in curing the problem is to outlaw CDO and CMO packages, because they separate accountability from risk, thereby encouraging what should be criminalized activity bu unscrupulous mortgage lenders. Paulson’s and the Democratic Congress want the bailout package to include “adjusting” individual mortgages downward, not to the new market value of the home, but to what the borrower can afford. Who determines, and by what mechanism, what the borrower can afford. The adjustment provision goes far beyond socialism: it is pure Communism and abject redistribution of wealth. No financial system on earth, and no nation, can survive is the government haas the authority to “adjust” individual’s debts. The bailout package may well be the end of America. Call your Congressmen and tell them you oppose every aspect of the bailout package. Current laws and the operation of the Federal Reserve are everything we need for the markets to reach equilibrium. No intervention by government can make the oversupply of housing disappear. Local governments and pressures within the Democratic Party to seze the foreclosed homes, or to use taxpayer dollars to repo them, and use them for low cost community housing is nothing but the purest form of Marxist Communism that will bankrupt America. Every elected official who supports the Bush/Chris Dodd/Barack /Obama/Democrats bailout plans should be impeached, AND I mean it. Then go to these sites and tell your elected officials that you “OPPOSE THE BAILOUT” http://congressorg.capwiz.com/congressorg/directory/congdir.tt Posted in Communist Dictators, Joe Biden, bank failures, Michelle Malkin, Ann Coulter, change you can believe in, john mccain, glen beck, bankruptcies, network media, bailout, mortgage crisis, foreclosres, Hank paulson, Fannie Mae, Sarah Palin, Merrill Lynch, presidential elections, nbc news, Larry King, Oprah, cbs news, Bill O'Reilly, Lou Dobbs, Frank Lynch, Frank Lynch University, news and politics, Obama, Barack Obama, Frank Lynch Foundation, presidential debates, abc news, blogroll, Democrats, law school, Republicans, Uncategorized | No Comments » Goldman Sachs and Morgan Stanley Are Bank Holding CompaniesSeptember 21, 2008 by Frank Lynch.
In the final destruction of all the wonderful laws passed by a thoughtful Congress and Franklin Delano Roosevelt to protect the American people from the excesses and corruption that caused the Great Depression, your totally incompetent government taken the final steps to maximize the corruption of our financial system. The last two major independent investment banking/ stock brokerage houses have now officially become commercial banks. Don’t believe me? See: http://federalreserve.gov/newsevents/press/bcreg/20080921a.htm Posted in London, China, Ann Coulter, Michelle Malkin, illegal aliens, La Raza, General Motors, glen beck, presidential elections, nbc news, change you can believe in, john edwards, mitt romney, john mccain, foreign policy, Hitler, corporate insiders, network media, banks, socialism, Fannie Mae, Merrill Lynch, bankruptcies, corruption, alternative energy, mccain, Communist Dictators, Joe Biden, bank failures, abc news, DNC, Hannity and Colmes, Bill O'Reilly, Larry King, cnn, msnbc news, cnn news, Lou Dobbs, personal, Frank Lynch University, Frank Lynch, politics, news and politics, news, cbs news, Hillary Clinton, Democrats, Republicans, blogroll, family, elections, Frank Lynch Foundation, law school, justice, Barack, Bill Clinton, Obama, Barack Obama, New York, Uncategorized | No Comments » Wave of Tent Cities As In the Great DepressionSeptember 19, 2008 by Frank Lynch.
RENO, Nev. — A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer. Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring. Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a “tent city” — an encampment of people who had nowhere else to go. From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation. Nearly 61 percent of local and state homeless coalitions say they’ve experienced a rise in homelessness since the foreclosure crisis began in 2007, according to a report by the National Coalition for the Homeless. The group says the problem has worsened since the report’s release in April, with foreclosures mounting, gas and food prices rising and the job market tightening. Posted in presidential elections, john mccain, glen beck, katie couric, nbc news, presidential debates, abc news, Ann Coulter, charity, banks, Fannie Mae, corporate insiders, bankruptcies, bank failures, corruption, Frank Lynch Foundation, blogroll, Bill O'Reilly, Hannity and Colmes, Lou Dobbs, life, Frank Lynch University, politics, Larry King, cnn, college, Democrats, Barack Obama, Hillary Clinton, cnn news, cbs news, Frank Lynch | No Comments » Will Everyone Who Bot Fannie Mae Stock Sue Merrill Lynch?September 8, 2008 by Frank Lynch.
Herb Allison,, former president of Merrill Lynch, is the government appointed head of Fannie Mae. i have been observing for some time that trading in both Fannie Mae and Freddie Mac should have been suspended because any financial analyst with even a broken pencil could see that both companies were grossly insolvent. Merrill Lynch, Goldman Sachs, and all the brokers have at least one sharp pencil buried beneath the salesmen, and should have reasonably known of the de facto insolvency. They should have advised their customers that these firms were insolvent. Trial lawyers, paradise is here! The potential liability is huge to Merrill Lynch for continuing trading these stocks and permitting their customers to buy them through Merrill Lynch, earning excessive commissions for Merrill. The lower a stock price, the higher the commission as a percent of the trade. Now the former president of one of the firms who did hundreds of billions of trading in the bad paper is in charge of Fannie Mae? Is there no Shame? There certainly is no honor left in American finance ad its regulators. Posted in presidential elections, john mccain, Ann Coulter, katie couric, abc news, Frank Lynch Foundation, presidential debates, Michelle Malkin, bank failures, Merrill Lynch, Fannie Mae, banks, corporate insiders, corruption, bankruptcies, blogroll, law school, Lou Dobbs, Bill O'Reilly, life, news, Frank Lynch University, news and politics, Hannity and Colmes, Larry King, Hillary Clinton, law, cbs news, msnbc news, cnn, cnn news, Frank Lynch | No Comments » Banks Take The Profit and Taxpayers Take the LossSeptember 8, 2008 by Frank Lynch.
It was during the mid 1970’s that Fannie Mae started the widespread issuance of MBS or mortgage backed securities which were a giant fraud that built upon itself every year through the administrations of both parties. The sham is that banks sell bad loans to Fannie who then resells them as triple A absolutely safe MBS, essentially letting the banks take the profits and the taxpayers take the risk and the losses. As banks did this more and more, running a printing press that used this back door to let banks write government guaranteed mortgages, it fed upon itself like a cancer. For 30 years, as both the Presidency and control of Congress shifted back and forth between both political parties, and back and forth again so that every elected official of all parties are guilty, this cancer grew, fed by bank contributions to every elected official in America, until it not only transferred $800 billion in new national debt to the taxpayers, and it has destroyed our economy. This bailout is like cutting the tail off a dog one inch a month instead of all at once. There will be headlines continuously as we taxpayers inject more and more capital into Fannie and Freddie. We should, instead, just put them out of their misery and return all mortgage financing entirely to the banks and savings and loans, with no government involvement whatsoever. This is nothing but creeping socialism. Posted in mccain, Ann Coulter, john mccain, nbc news, Vice President, bank failures, socialism, banks, bankruptcies, abc news, Frank Lynch Foundation, cbs news, cnn news, news, Frank Lynch University, Obama, Florida, blogroll, Democrats, law school, Frank Lynch | No Comments » Red China Sleeps Easier Thanks to US TaxpayersSeptember 8, 2008 by Frank Lynch.
Paulson’s bailout of Fannie Mae and Freddie Mac just returned the $376,000,000,000 of their debt owned by the Chi Coms to AAA status, and guaranteed Communist China will collect every penny of principal and interest. Isn’t our government great? Wait for your tax increase to pay for it. Posted in glen beck, China, Ann Coulter, change you can believe in, presidential elections, abc news, nbc news, katie couric, Michelle Malkin, mccain, bankruptcies, Sarah Palin, corporate insiders, corruption, bank failures, Communist Dictators, oil, Joe Biden, DNC, presidential debates, Larry King, Oprah Winfrey, cnn news, Hannity and Colmes, Bill O'Reilly, Frank Lynch University, news and politics, Lou Dobbs, cbs news, Hillary Clinton, blogroll, Frank Lynch Foundation, elections, Republicans, law school, Barack Obama, Florida, Frank Lynch | No Comments »
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