Barack Obama is a pathetic student of history. Despite his graduate (law) degree from 'prestigious' Harvard University, he is completely IGNORANT of the need for STRICT FINANCIAL OVERSIGHT of America's critical financial markets.
HE, Mr. Obama, is in the process of UNDOING the nearly 100 years, UNDOING the SIX DECADES+ of CIVIL RIGHTS PROGRESS since the WWII years, the very CIVIL RIGHTS movement that put his ignorant, ungrateful, toady-to bankers behind in the White House after the Nov. 2008 elections.
Housing Crisis WORSE THAN GREAT DEPRESSION: 7 Shocking Facts About the U.S. Housing MarketBarack Obama is completely IGNORANT of the need for STRICT FINANCIAL OVERSIGHT of America's critical financial markets... without which the hyper-wealthy will STEAL "the commons" from the American people - in order to EXTORT monopolistic "rents" (e.g., turning public highways into private toll roads; turning national resources like oil or mineral deposits into "privatized" concessions for insiders who pay a fraction of those asset's real value).
by Jennifer Robinson, www.FTMDaily.com, June 15, 2011
Unless you have been asleep for the past several years, you know [but apparently, NOT your ignorant president] that the United States housing market is in the midst of a downturn of historic proportions. According to Case-Shiller, one of the leading housing data analysts, housing prices dropped 1.9 percent in the first quarter of 2011, revealing evidence of a clear double-dip in prices. The fall in prices even led one economist to claim that the housing crisis has been larger and faster than the one during the Great Depression, according to a recent CNBC article...
...Further constraining the housing market are new underwriting standards that are making loans more difficult to attain. Four out of five mortgages now require 20 percent down, and credit history standards have become more restricting to potential buyers. [This despite banks getting HUNDREDS of BILLIONS of taxpayer extorted "bailouts" and "free money from Fed" QE dollars, SPECIFICALLY to help the banks OFFSET the losses of those "backstopped" bad loans: the TREASONOUS bankers have been POCKETING that American taxpayer CRISIS cash, intended to BOOST home buying, and thus the home prices and ownership crisis has only GOTTEN WORSE since Mr. Obama became the clueless, toady-to-Wall St. president in Jan. 2009.]
1. Zillow has announced that the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent per month.
2. U.S. home prices have now fallen a whopping 33% from where they were during the peak of the housing bubble.
4. Historically, the percentage of residential mortgages in foreclosure in the U.S. has tended to hover between 1 and 1.5 percent. Today it is up around 4.5 percent.
6. According to Zillow, the U.S. has been in a "housing recession" for 57 straight months without an end in sight.
7. 4.5 million home loans are now either in some stage of foreclosure or are at least 90 days delinquent.
The proof of the above is simplicity itself: The vast majority of Americans DO NOT KNOW who MARY SCHAPIRO is, because at the behest of his treacherous, "bait & switch" financial swindlers the "of, by, and for Golddamn-Sachs" crew, President Obama is tolerant of his SEC CHAIRwoman DOING NOTHING to ROOT OUT FRAUD in America's financial markets. The same holds for OBAMA's CFTC Chairman - FULL GOLDDAMN-SACHS PARTNER Gary Gensler - and for Obama's corrupt ATTORNEY GENERAL, Eric Holder.
It is UNFORGIVABLE that the IDIOT in the White House is either, A.) IGNORANT of these housing crisis statistics; or B.) knows about them... but allows his (puppet masters) White House "fianancial team" to trot him around America (and the globe) on other issues, WITHOUT URGENTLY ADDRESSING the CRISIS of AMERICAN HOME OWNERSHIP on a DAILY basis... and without doing SOMETHING to actually resolve the crisis and firm up American home ownership. (That would require a Clinton style "laser focus" on JOBS CREATION: Mr. Obama's banksters HATE and DESPISE American jobs, and American workers.)
BARACK OBAMA is TOO STUPID to understand, that his LARRY SUMMERS, RAHM EMANUEL, GARY GENSLER, MARY SCHAPIRO, Elena Kagan, JARED BERNSTEIN, Dave Axelrod, PETER ORSZAG, JACOB LEW, GENE SPERLING, crew are INTENTIONALLY WRECKING the American economy, intentionally CONTRACTING the American economy, because the financial IMPOVERISHMENT of American hosueholds, makes the bankers & wealthy they front for all the WEALTHIER and vastly more powerful in comparison.
It is the POLICY of INTENTIONAL ECONOMIC SABOTAGE, and it is a REPEAT of the 'Federal' Reserve INTENTIONAL "money supply CONTRACTION" that led directly to the GREAT DEPRESSION.
Now it is true that most of the above named (former GODDAMN-SACHS CHAIRMAN) Bob Rubin toadies have since DEPARTED the Obama White House, Obama's then Chief of Staff, Rahm Emanuel, has since been replaced by former J.P. MORGAN EXECUTIVE Bill Daley. (For those in the know, JP Morgan was the 100+ year gentile front bank for the London Rothschild's banking cartel in America; as virulent anti-Semitism dissipated in America after WWI, the Rothschilds could increasingly operate behind their fellow Jewish bankers, names like the Schiff family who shared the R's Hamburg home, the Oppenheimer bank where Mayer Amschel received his banking and bond writing training; the Kuhn, Loeb, Lehman, Bear, Stearns, and Goldman and Sachs banking families, etc.)
BUT THE IMPRINT LEFT on Obama's economic "policy" - IF You call GIVING TRILLIONS of dollars to bankers, while they DESTROY the economy an "economic policy" by his departed Rubinites STILL REMAINS - Mary Schapiro, Gary Gensler, and Attorney General Eric Holder are INTENTIONALLY WHITEWASHING vast FINANCIAL CRIMES against the American people, at the behest of the very (gs, jpm, Fed, etc.) bankers who RAN THE markets & ECONOMY INTO THE DITCH in 2008, and are IN THE PROCESS of DOING SO AGAIN, today, this teetering, tottering summer of 2011.
TRILLIONS of "FREE MONEY" Fed Fiat dollars, and trillions more TAXPAYER EXTORTED "bailout" dollars, EXTORTED from American households... all for FAILED, CORRUPT, Con-gress bribing banksters...
...ECONOMIC CONTRACTION, misery, recession, pink-slips, OUTSOURCED JOBS, a SLASHED social safety net, and WORTHLESS Bernanke bucks $$ "judentfetzen" for everyone else.... = INTENTIONAL ECONOMIC SABOTAGE, sheer treason by the "doesn't matter Republican or Democrat" Paulson, Geithner, Rubin, Summers, Bernanke, Greenspan, Gensler, Schapiro (et al) "of, by and for the PRIVATE BANKSTERS behind the Fed" gang...
- The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went = IDIOT OBAMA AGAIN IN BED with failed, bankrupt, ECONOMY WRECKING bankers...
(actually, this "BAILOUTS" of European bankers money was a BRIBE to Belgium and other European countries, to SUPPORT the U.S. imperial attack on & INVASION and RE-COLONIZATION of Libya... demonstrating the nexus/tie-in of the GENOCIDAL BANKERS and their GENOCIDAL global WAR LOBBY arm, but that is a separate story.)
- Prof. Michael Hudson: IDIOT Obama is ROLLING BACK the PROGRESSIVE ERA on behalf of his "financial APARTHEID" Wall Street, City of London, & Tel Aviv bankers...
- Treacherous Harvard former President LARRY SUMMERS urges "MORE STIMULUS" - "Stimulus" is the PROPAGANDA TERM the thieving bankers and their hired, Ivy League, U. Chicago, Harvard appartchiks use to cover up the GIFT, to bankers, of TRILLIONS of dollars EXTORTED from taxpayers, ostensibly to "improve" the economy... but TWO YEARS after the treacherous Larry Summers was appointed to be Obama's TOP economics advisor, pushing the SAME sabotage "free money for bankers" advice; the economy IS WORSE TODAY than when "Bush-III" Obama came in to office in Jan. 2009....
LARRY SUMMERS is a COMMON THIEF - stealing trillions from American households - and ECONOMY GUTTING traitor, who NEVER advocates AUDITING the failed, bankrupt, economy gutting banks - he is a ONE TRICK PONY, "MORE FREE MONEY from American taxpayers, TO his failed, nation crippling banker pals" under the code-word "stimulus."
- Chris Dodd's 'Financial Reform' Bill IS A ROAD MAP Leading Directly TO The NEXT Crisis
like Larry Summers, Chris Dodd is another hired government BANKSTER APPARTCHIK. While Summers was appointed by Presidents Clinton & Obama to his positions at apex of U.S. (increasingly criminal) financial/economic system, Chriss Dodd was one of the many, elected, most blatantly corrupt "banker's Senators."