September 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

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September 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.

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September 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.

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September 7, 2008 by Frank Lynch.

In previous posts I criticized regulators for not shutting down trading in insolvent stocks like Fannie Mae and Freddie mac.

Watch the details of the takeover of those companies. I guarantee the regulators will not do the right thing and take them over the same way as banks are taken over, by eliminating the common stock completely.

We know 9 percent of m ortgages are bad and Fannie and Freddie only have 3 percent capital so they are insolvent by 300 percent, so the stock is worthless.

Watch the regulators do a takeover sufficiently complex that you and I do not dare buy the stock immediately, yet the Wall Street insiders will know the true value and will get even richer by having access to information that you and I don’t.

Put em all in jail.

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September 6, 2008 by Frank Lynch.

A few days ago I criticized the Regulators for defrauding investors for permitting trading in the stocks of Fannie Mae and Freddie Mac.

http://www.democrats.org/page/community/post/franklynch/CxMV

Today it was announced that 9 percent of mortgages are late or delinquent. Astoundingly, One of eleven mortgages are bad.

Fannie Mae and Freddie Mac have only 3 percent equity, yet 9 percent of the mortgages they guaranteed in bad.

That means these companies are insolvent by 300 percent. And our “Broken Government” has continued to let investors be defrauded by trading these stocks.

When those people with bad mortgages become homeless, things will get much worse.

The cost to the economy and to us taxpayers for all the bank bailouts that will follow will place the US on the verge of bankruptcy.

 Home prices are going to continue to decline, which means more mortgages will be upside-down (where the mortgage is larger than the home value). That will result in even more people walking away from their mortgages, and

HOME PRICES WILL DECLINE EVEN FURTHER

for years. . . .

and years after that. . . .

New construction and home builders will suffer, joblessness will get worse, and for longer than anyone thinks.

The new President will inherit an economy that will be the worst in my lifetime.

Communist China will continue to beat the War Drums that opened the Olympics. Did you know those drummers were all soldiers?

Communist China will continue to take more of our jobs. Both candidates plans to spend billions for training workers for replacement jobs is money down the toilet. McDonalds trains its own employees.

The only source of NEW jobs will be green jobs in alternative energy, and we must really, really focus on that. The government will distort the development of alternative energy by wasting billions on inefficient but catchy names alternatives, such as solar power, which contributes as much pollution in manufacturing and disposing of the solar panels as it saves.

Free enterprise will handle alternative energy much better than the government, and much faster! Keep the government out of alternative energy.

and revenue from property taxes will continue to decline, robbing our already short-changed  schools of much needed revenue, so our children will pay the price of government lack of regulation

Please help our schools at http://www.fluni.com

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September 3, 2008 by Frank Lynch.

SEE WHY  AT THIS LINK

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September 2, 2008 by Frank Lynch.

The media is ranting into a frenzy that McCain is so stupid that he chose Sara Bara Cuda  without properly vetting her , and was blindsided by her daughter’s pregnancy.

That presumption is a suckers’ trap.

The Republicans are experts at public perception.

The Republican National Committee is exceedingly professional, as proven by their success in winning more Presidential elections than the DNC in my lifetime, which is longer than I care to admit.

Please, nobody attack me accusing me of saying Repulicans take glee in the unfortunate complication of Mrs. Palin’s family. My point is they have the cunning to make use of situations that may not be obvious to their critics.

The more likely scenario has the following hypothetical conversation taking place:

FBI: At age 44 Mrs. Palin elected not to have an abortion, and consciously elected to carry and deliver a baby that she knew had Downs Syndrome.

McCain: We can use that to prove, without ever having to say it, that Republicans practice what they preach, and believe in the Sanctity of Life even when it is hard, incredibly hard.

McCain: And we can have her appear with her daughter holding the disability baby behind Mrs. Palin to (a) show sympathy, (b) show off our belief in Right to Life, and (c) show family unity.

FBI: The problem is her daughter is five months pregnant.

McCain: Is she married?

FBI: No.

McCain: O.K. We definitely will have her hold the baby, and those people with chronic rabies infection will start a rumor that the first baby is the daughters.

Advisor: OOH! That should get us $20 million of free publicity, and infinite sympathy and anger from people who resent attacking a candidate’s family!

McCain: We should let that play out as long as possible for the most free publicity. All the time the chronic rabies crowd are attacking the poor little 17 year old, nobody is talking about Obama. It is like he dropped off the face of the earth. Yippee!

McCain: And later we can slowly, ever so slowly leak out photos and proof that it is Mr. Palin’s baby. The longer we drag it out, the worse the people attacking her will look.

Advisor: Then we can have surrogates, who must be female, appear on the news all day long showing that the 17 year old also believes in the Right to Life, and is doing the right thing by getting married!

McCain: What a fabulous anti-abortion crusade by example, by: “Do as I do, the same as I say!”

Advisor: And best of all, those Democrats will continue to underestimate us.

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August 22, 2008 by Frank Lynch.

When the Shiites were killing us on one side, Al Qaeda was killing us on the other side, and the Sunnis were killing us all around, General Petraeus convinced the Sunnis to stop fighting against us and instead to fight against Al Qaeda.

Simultaneously Petraeus used the fresh troops from the surge to suppress the Shiites.

Petraeus also paid cash to the Sunnis, provided arms, and most importantly promised them that the Sunnis would have a role in the Iraqi government.

 The result was that the Shiites realized we would put in enough troops to suppress them, instead of just running home in defeat as Senator Nobama vainly wished. Facing a never ending supply of US troops, the Shiites laid low.

When the Sunnis joined us in expelling the foreign Al Qaeda fighters, Al Qaeda was defeated in Iraq, and shifted to Afghanistan were there are fewer American troops.

But the Shiites, while temporarily laying low, consulted with their sponsors and fellow Shiites who run Iran, who in turn consulted with their sponsor, Vladmir Putin.

The three devils, Putin, Iran and the Iraqi Shiites, together decided to ‘request’ that America withdraw its troops according the the time schedule set forth by The Chosen One Hussein Obama.

Since Shrub Bush and Senator McSnore are stupid beyond belief, they are agreeing to respect the wishes of the ‘democratically elected’ (Hitler was democratically elected)Russian/Iranian backed Shiite Minority Government of Iraq and are setting up for withdrawal.

Overjoyed beyond belief that we are falling for this Obama/Putin/Iran withdrawal timetable, the Iraqi Shiites are unable to restrain themselves until we are gone, and have already begun the genocide against the Sunnis.

The Shiite Iraqi Army has already begun to disarm the Sunnis who had been fighting on our side. They have been killing Sunnis again, just like they did in 2004, in 2005, in 2006, and in early 2007.

The Sunnis are saying “Hey, Petraeus promised us a voice in the government, but you Shiia are killing us again, and taking away the guns Petraeus gave us. How are we to defend ourselves when Al Qaeda comes back?”

And the Shiite respond by putting dead or alive bounties on the heads of our Sunni allies.

God help us, because both the Democrats and the Republicans are too stupid to notice that this is happening.

And Senators Nobama and McSnore are too stupid to ever figure out what to do about this unfolding betrayal and genocidal tragedy that, if unchecked, will leave the Extremist Shiite Dictators of Iran in total control of Iraq.

With the backing of newly re-emerging Russia under Putin, the Russian/Iranian block will take control of all the Eurasian/MidEastern oil, and we will see $15.00 a gallon gasoline faster than you can sing “Where did all the Sunnis go?” to the tune of Joan Baez’s “Where did all the flowers go?”

In the meantime, the Democrats will still be arguing about whose back yard to put in the wind turbines and solar panels, and the oil companies will be selling all the oil from offshore drilling to China.

And you and I, dear fellow Americans, will be paying giant taxes to pay off the mortgages of the deadbeats who bought houses they couldn’t afford, while paying $400 to fill up the gas tanks of the horribly designed Indian mini-cars, which will be all we can afford.

Start learning how to grow your own vegetables.

While the Shiite Extremists eat Russian caviar and drive Rolls Royce’s.

And the Chosen One Hussein Obama parties on the White House Lawn.

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August 11, 2008 by Frank Lynch.

Diana O’Brien, a 22 year old Canadian was falsely lured to Communist China by a phony Chinese modeling agency that tricked her into signing a three month “modeling” contract.

Once the duped woman was effectively trapped inside Red China by the contract and the cost of traveling and relocating to the dictatorship, the only “modeling” work was dancing in bars.

“Dancing in bars”?

In other words, she was forced into prostitution in a strange land where she did not speak the language and was isolated from any support.

There is no information on whether she was aided in any manner by the Canadian Embassy, but it is unlikely. Like our own government, the Canadian government provides services to foreigners and to corporate interests, not  to its own citizens.

Thousands, perhaps tens of thousands of Western young women are similarly tricked into false contracts by agencies that are nothing more than a mail drop set up by organized crime in flashy foreign countries that have an appetite for young Western girls.

To be fair to the Communist Chinese (whose conduct does not earn any claim to fairness), this practice is also common in Japan, Singapore, Saudi Arabia and the multi-billionaire oases of Dubai, Oman and the United Emirates.

All of these countries share a deceptive hatred for all things Western, feuled by jealousy over the ability of our superior form of civilization to have raised us up while their own civilizations kept their people in ignorance, oppression and poverty for thousands of years.

Those barbarous nations have either through accidents of oil, or through dictatorships that rape their own people though labor at slave wages, and sell the cheap products of that slave labor to America.

The money from those slave-cheap products makes the dictator class rich enough to use our own money the falsely recruit, transport across the world, abuse, rape and sometimes murder the cream of our womanhood.

The West must stand up.

We must protect ourselves.

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August 10, 2008 by Frank Lynch.

Here is another example of the censored future which America will suffer as Chinese Communists extend their influence worldwide.

 Their Olympic motto of “One World, One Dream” conveyed to ingnorant Western reporters who do not speak or read Chinese is accurately translated as “One People, One Dream” and embodies the Chi Comm philosophy of the Chinese People controlling the world.

The Han Chinese word for the nation we call China is actually “The Center of the World.”

An example of how the worst dictatorship the world has ever seen distorts the world perception of their actual harm follows:

A team from Cambridge Environmental Research Consultants, who were working on a project funded by the European Space Agency (ESA), turned their forecasts of air polllution and smog into a graphic map of the city, colour-coded by whether each district would pass official Chinese pollution standards for the Olympic Games, with daily updates.

At first it was freely accessible, but after earlier complaints by the Chinese authorities, it was restricted to users by password only.

But on Friday, the day of the opening ceremony, the quarter of Beijing in which the Olympic Green is situated was coloured green on the map, marking an air pollution index (API) of 101-150. The government’s safe limit is 100, and the city authorities’ figures put the API at 95.

The reason for the “green” colour was high levels of particulates, known as PM10. Again, while the online map gave a fail for the Olympic Green, the figures for the nearest monitoring station in Beijing showed a pass.

Later on Friday afternoon, subscribers to the website received an email saying the site would no longer be visible.

This is absolute censorship by the Communist dictatorship and a blatant violation of the Chinese Government contract with the Olympic Committee as a prerequisite to hosting the Olympic Games.

Not to mention the ChiComm’s violation of their contractual obligation to permit full uncensored access to the internet by foreign journalist. The Chinese Communists are fully censoring internet access by Western journalists,  including monitoring all of their transmissions of news to the West.

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