Illegal immigration fighters!
We need a full and energetic national
deployment. We must assure that most state lawmakers and most city council
members in America know about Fremont and Alabama within the next 48
We have provided you with successful strategies like these in the
past, but we need your volunteerism to succeed.
Many thanks to our allied
organizations for rallying their supporters along with ALIPAC!
Visit this link to read and understand today's national press release. Then
reinforce our efforts by posting this on websites you control or forums you
visit. You can also email copies of this to lawmakers or post links in from
Facebook and Twitter.
Please help us circulate and
Alabama and Fremont Nebraska Illegal Immigration Laws
Receive National Support From ALIPAC
Alabama and Fremont Nebraska Illegal Immigration Laws Receive
Step 2: Make sure you take care of the Fremont
City Ordinance delivery to your town leaders within the next 48
Fremont Nebraska Wins Against The Illegal Immigration Invasion
and So Can You!
Fremont Nebraska Wins Against The Illegal Immigration Invasion and
So Can You!
Step 3: Make sure every state level lawmaker in your
state knows about Alabama's law and the effect on the unemployment rate within
the next 48 hours...
American Victory: Alabama's unemployment falls due
to illegal immigration law
American Victory: Alabama's unemployment falls due to illegal
Many of our activists are already hard at work on
these important strategies, but we must have more support and turn this into a
flood of support for this to work.
Please help us increase our impact by
taking time to follow the preceding steps within the next 48 hours.
Don't let the illegal alien invaders
win, stay on our email list and stand up and fight using ALIPAC strategies when
Wednesday, February 22, 2012
Posted by The Mexican Invasion & Occupation at 11:37 AM
OBAMA & HIS CRIMINAL BANKSTER DONORS - THE GREATEST CASE OF CRONY CAPITALISM IN AMERICAN HISTORY! OBAMA IS PRESIDENT OF THE 1% AND ILLEGALS. THE REST OF US FOOT THE BILLS FOR THEIR CRIMES!
NO PRESIDENT IN HISTORY HAS TAKEN MORE MONEY (AGAIN) FROM CRIMINAL BANKSTERS THAN BARACK OBAMA! DURING OBAMA’S FIRST TWO YEARS IN OFFICE ALONE, BANKSTERS’ PROFITS SOARED MORE THAN ALL EIGHT OF BUSH’S YEARS! GUESS IT WAS A GOOD MOVE BRINGING IN BUSH’S ARCHITECT FOR BANKSTERS’ BAILOUTS, TIM GEITHNER!
“These developments expose, first, the boundless cynicism and dishonesty of Obama, who seeks to present right-wing, anti-working-class and pro-Wall Street policies as “populist” measures designed to lower unemployment and help families stay in their homes.”
How the government enables Wall Street parasites to cash in on the crisis
22 February 2012
As the Obama administration concludes a settlement with five major banks, quashing state investigations into rampant fraud related to home foreclosures, speculation in the mortgage-backed securities that caused the 2008 meltdown is once again picking up.
Saturday's New York Times reported that Greg Lippmann, a former Deutsche Bank trader who made millions of dollars personally and $1.5 billion for Deutsche Bank by betting against mortgage-backed securities, at the same time his bank was selling them to clients, is back in business buying and selling these toxic assets.
The article noted that others resuming trading in these assets include American International Group (AIG), the insurance giant that was bailed out by the government to the tune of $100 billion, and a former mortgage team from Lehman Brothers, the Wall Street investment bank whose collapse triggered the global financial panic on September 15, 2008.
Lippmann, who was the head collateralized debt obligation (CDO) trader at Deutsche Bank during the housing bubble and its implosion, has now started his own hedge fund, LibreMax Capital, and succeeded in raising over a billion dollars to speculate in mortgage-backed securities. (CDOs are complex securities comprised of mortgage-backed securities, which are themselves assembled from pools of home loans).
Thus, three-and-a half years after the financial crash that triggered the worst economic crisis since the Great Depression, the same speculators whose swindling caused the banking meltdown have not only been bailed out by the government, they have been put in a position to make a new financial killing by the government’s policy of cheap credit and its refusal to carry out serious bank reform or pursue criminal prosecutions.
Lippmann's activities during the meltdown were described in a 600-plus page report on the Wall Street crash released last April by the Senate Permanent Subcommittee on Investigations. That report, which detailed fraudulent and illegal actions by Deutsche Bank, Goldman Sachs and Washington Mutual and the complicity of the ratings agencies and federal bank regulators, was quickly buried by the media and has remained a dead letter.
It noted that Lippmann referred to mortgage-backed securities like the ones Deutsche Bank was selling at the time as “crap,” and predicted that they would plummet in value. It stated: “At one point, Mr. Lippmann was asked to buy a specific CDO security and responded that it ‘rarely trades,’ but he ‘would take it and try to dupe someone’ into buying it. He also at times referred to the industry’s ongoing CDO marketing efforts as a ‘CDO machine’ or ‘Ponzi scheme.’ ”
Deutsche Bank, according to the Senate report, went on to sell toxic mortgage-backed securities “without disclosing to potential investors that its global head trader of CDOs had extremely negative views” about the securities, or that, according to the bank's models, the assets had recently lost billions of dollars in value.
Despite earning millions through his documented involvement in what he himself called a “Ponzi scheme,” Lippmann is neither doing time in prison nor fending off federal investigations. Rather, he is back to his old business of placing bets on toxic assets.
And business is booming. The New York Times article observes that there has recently been renewed interest by banks and hedge funds in the very mortgage-backed securities that were instrumental in the sub-prime mortgage meltdown, as these assets, despite falling in value, were never decommissioned and continue to trade.
The revived interest is partly attributable to low prices, which, amid a housing market that shows little sign of recovery, have continued to plunge. At the current prices, the article notes, people like Lippmann stand to make lucrative profits on the securities even if home values continue to fall.
Among the factors the Times cites as creating a favorable environment for renewed mortgage speculation is the settlement with the major banks on foreclosure violations announced February 9 by the administration. President Obama hailed the agreement as a boon to homeowners and a sharp rebuke to the banks.
It was nothing of the kind. It was a windfall for the banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial—relieving them of the prospect of untold billions in fines and damages related to the state probes that were closed down. In return, they were required to make a wrist-slap cash payment of $5.9 billion and pledge another $25 billion in supposed home loan principal write-downs and other forms of relief for distressed homeowners.
And as the Financial Times reported last week, the bulk of the cost of the settlement will be covered by taxpayer funds. At the insistence of the Obama administration, the banks will be allowed to make use of an existing federal program, the Home Affordable Modification Program (HAMP), which provides public funds to banks that agree to reduce the principal on troubled home loans. Nearly two-thirds of the value of any write-downs the five banks make will be recompensed with funds from this program.
In effect, the value of mortgage-backed securities will be underwritten by government subsidies, opening up a wide vista for profiteering by Lippmann and his cohorts.
The case of Lippmann exemplifies how the policies of the Bush and Obama administrations have enabled the financial elite to cash in on the crisis amid the social ruins left by its criminal activities. While millions of people have lost their homes, either through fraudulent foreclosures or as a result of predatory mortgage practices, the financial parasites continue to rake in millions.
These developments expose, first, the boundless cynicism and dishonesty of Obama, who seeks to present right-wing, anti-working-class and pro-Wall Street policies as “populist” measures designed to lower unemployment and help families stay in their homes.
More fundamentally, they demonstrate that the entire political establishment and both parties, the Democrats as well as Republicans, are instruments of a financial aristocracy that is steeped in criminality and antithetical to the most basic needs of the people.
The political system cannot be reformed. It must be replaced by a government of, by and for the working class committed to ending unemployment and poverty and establishing social equality. A mass socialist movement must be built to close down the Wall Street casino, expropriate the ill-gotten wealth of the speculators, and place the major levers of economic life under public ownership and democratic control.
Andre Damon and Barry Grey
WALL STREET’S RAPE AND PILLAGE OF A NATION… and it ain’t over!
More than 5 million households had their wealth wiped out since 2005
By Andre Damon
28 July 2011
28 July 2011
The typical US household lost 28 percent of its wealth during the economic crisis, with one third of these being totally wiped out, according to a recent analysis of Census Bureau data carried out by the Pew Research Center, “Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics”.
While the study headlines racial disparities, the most striking findings concern the general impoverishment of all sections of the population. The percent of US households who have a net worth of zero dollars or below—meaning they have more debts than assets—grew from 15 percent in 2005, to 20 percent in 2009. This means that 5.6 million households, or about 15 million people, had their wealth totally wiped out during the first part of the economic downturn. These figures come from an analysis of Census Bureau survey data for 2005 and 2009.
The study found that, after adjusting for inflation, the median wealth of US households fell from $96,894 in 2005 to $70,000 in 2009, a drop of 28 percent. The majority of this is attributable to the precipitous fall in real estate values, by about 30 percent between 2006 and 2009 and even more since.
The fall in home values has been compounded by falling wages. Between 2005 and 2009, workers’ average hourly earnings fell, on an inflation-adjusted basis, by 5 percent, according to the Labor Department.
Indebtedness has grown as rapidly as wealth has fallen. Between 2005 and 2009, unsecured liabilities grew 33 percent for the population as a whole, the study found.
Meanwhile, the share of household wealth held by the wealthiest ten percent of households grew from 49 percent in 2005 to 56 percent in 2009.
Racial minorities have been particularly hard hit, including by the fall in housing values. The net worth of Hispanic households fell by a staggering 66 percent, from $12,124 in 2005 to $5,677 in 2009. The net worth of black households has likewise tumbled 53 percent. Among Hispanics, unsecured debt grew by 47 percent.
The level of inequality between whites, blacks, and Hispanics is now at the highest level in 25 years, and no doubt longer. The racial differentiation is partly attributable to geography. While whites saw the values of their own homes fall by 18 percent and blacks by 23 percent, the home values of Hispanics fell by more than half.
As the report notes, “In 2005, more than two-in-five of the nation’s Hispanic and Asian households resided in Arizona, California, Florida, Michigan and Nevada, the five states with the steepest declines in home prices.” For Hispanics living in these states, the report noted, “median net worth tumbled from $51,464 in 2005 to $6,375 in 2009, a loss of 88 percent.”
These racial divergences, however, mask the more fundamental growth of inequality between the working class and the wealthy of all races. The report notes that the wealthiest 10 percent of blacks now controls 67 percent of the wealth for that group, compared to 59 percent before the downturn. For Hispanics, likewise, the wealthiest 10 percent controlled 72 percent of wealth in 2009, up from 59 percent in 2005.
The number of unemployed, meanwhile, grew from 7.9 million to 15.2 million between 2005 and 2009. Rising unemployment, too, has disproportionately affected minorities. Unemployment has affected blacks and hispanics disproportionately, with the unemployment rate for blacks currently at 16.5 percent and 11.6 percent for hispanics.
The staggering fall in wealth has had an transformative effect on American society, contributing to the millions of foreclosures and personal bankruptcies. According to figures from Realtytrac.com, there were 10 million foreclosures between 2005 and 2009, the years covered by the survey.
UNDER OBAMA, THE RICH GET RICHER, AND JOBS GO TO HIS LA RAZA PARTY BASE!
THE AMERICAN JOBS CRISIS:
POSTED! NO LEGAL NEED APPLY!
*OBAMA HAS FILLED HIS ADMINSTRATION WITH PRIMARILY LA RAZA PARTY MEMBERS.
Here’s his Sec. Labor, HILDA SOLIS:
While in Congress, she opposed strengthening the border fence, supported expansion of illegal alien benefits (including driver's licenses and in-state tuition discounts), embraced sanctuary cities that refused to cooperate with federal homeland security officials to enforce immigration laws, and aggressively championed a mass amnesty. Solis was steeped in the pro-illegal alien worker organizing movement in Southern California and was buoyed by amnesty-supporting Big Labor groups led by the Service Employees International Union. She has now caused a Capitol Hill firestorm over her new taxpayer-funded advertising and outreach campaign to illegal aliens regarding fair wages:
The U.S. Department of Illegal Alien Labor
President Obama's Labor Secretary Hilda Solis is supposed to represent American workers. What you need to know is that this longtime open-borders sympathizer has always had a rather radical definition of "American." At a Latino voter registration project conference in Los Angeles many years ago, Solis asserted to thunderous applause, "We are all Americans, whether you are legalized or not."
That's right. The woman in charge of enforcing our employment laws doesn't give a hoot about our immigration laws -- or about the fundamental distinction between those who followed the rules in pursuit of the American dream and those who didn't.
OBAMA’S SONIA SOTOMAYER, THE “WISE LATINA”, VOTED AGAINST E-VERIFY!
Obama Administration Challenges Arizona E-Verify Law
The Obama administration has asked the Supreme Court to strike down a 2007 Arizona law that punishes employers who hire illegal aliens, a law enacted by then-Governor Janet Napolitano. (Solicitor General's Amicus Curiae Brief). Called the “Legal Arizona Workers Act,” the law requires all employers in Arizona to use E-Verify and provides that the business licenses of those who hire illegal workers shall be repealed. From the date of enactment, the Chamber of Commerce and other special interest groups have been trying to undo it, attacking it through a failed ballot initiative and also through a lawsuit. Now the Chamber is asking the United States Supreme Court to hear the case (Chamber of Commerce v. Candelaria), and the Obama Administration is weighing in against the law.*
“I’m not here to punish bankers!” BARACK OBAMA ON THE FLOOR OF THE SENATE, IN THE FACES OF THE AMERICAN PEOPLE
OBAMA’S CRONY CAPITALISM – WHO PAYS FOR HIS BANKSTERS’ BAILOUTS AND MASSIVE GOV SUBSIDIZED BONUSES… GOT TO CUT FROM THE PEOPLE, BUT FIRST, OBAMA WILL CONTINUE TO PUSH FOR AMNESTY AFTER AMNESTY, OPEN & UNDEFENDED BORDERS, AND CONTINUED NON-ENFORCEMENT OF LAWS THAT WILL ENABLE EMPLOYERS TO HIRE ONLY ILLEGALS ON THE CHEAP!
THAT IS WHY OBAMA IS DETERMINED TO FLOOD OUR COUNTRY WITH MORE ILLEGALS!
THERE IS A REASON WHY THE U. S. CHAMBER of COMMERCE, FRONT FOR BIG BUSINESS, AND MOST OF THE FORTUNE 500, GENEROUS DONORS TO THE MEX FASCIST PARTY of LA RAZA, WANT OBAMA’S OPEN BORDERS AND NON-ENFORCEMENT… depressed wages!!!!
Underlying the rise of the financial aristocracy—which exercises control over the entire political system—is the failure of the world capitalist system as a whole. In amassing its wealth, this tiny layer of the population, concentrated above all in the United States, has overseen a vast destruction of industry and social infrastructure. The ruling classes of every country now openly proclaim that the maintenance of their system depends upon an unprecedented destruction in the living conditions of the broad masses of the population.
Posted by The Mexican Invasion & Occupation at 8:34 AM
Posted by The Mexican Invasion & Occupation at 8:21 AM