THE DEMOCRAT PARTY'S WAR ON THE AMERICAN WORKER: ..."Because of the successful cheap-labor strategy, wages for men have
remained flat since 1973, and a large percentage of the nation’s annual
income has shifted to investors and away from employees."
OBAMA and his CRIMINAL BANKSTERS –
THERE IS A REASON WHY THE BANKSTERS INVESTED SO HEAVILY IN BARACK OBAMA, ONE OF
THE MOST CORRUPT PRESIDENTS IN AMERICAN HISTORY.
NO PRESIDENT IN HISTORY TOOK SO
MUCH DIRTY MONEY FROM BANKSTERS THAN BARACK OBAMA. DURING HIS FIRST TWO YEARS
THE BANKS LOOTED MORE PROFITS THAN ALL EIGHT UNDER BUSH!
“I’m not here to punish banks!”
Barack Obama – Floor of the Senate – STATE of the UNION MESSAGE.
“Gretchen Morgenson, in a New York Times op-ed entitled
“Surprise, Surprise: The Banks Win,” wrote: “If you were hoping that things
might be different in 2013—you know, that bankers would be held responsible for
bad behavior or that the government might actually assist troubled
homeowners—you can forget it.”
the pittance of a settlement, a fraction of the billions taken in by the banks
from the sub-prime mortgage racket, the Obama administration is once again
letting the banks get away with massive crimes that have had devastating social
consequences, while giving them a green light to continue similar practices.”
Another sweetheart bank settlement on mortgage
By Andre Damon
9 January 2013
Ten major financial firms agreed on Monday to pay $3.3 billion in
cash to settle allegations of mortgage fraud by the Office of the Comptroller
of the Currency (OCC) in the latest in a string of sweetheart settlements
between the major Wall Street banks and their nominal regulators. As usual,
there were no criminal charges and no bank officials were held accountable.
The settlement, which nominally totals $8.5 billion, includes $3.3
billion in direct payments to borrowers and $5.2 billion in loan modifications
and other forms of “borrower assistance” left largely at the discretion of the
The settlement with the OCC, a branch of the Treasury Department,
relates to widespread fraud committed by the banks in their rush to foreclose
on as many homes as possible in 2009 and 2010. To expedite the foreclosure
process, the banks had employees or contractors sign off on thousands of
mortgage documents every month, swearing that they had intimate knowledge of
their contents when in reality they had not even read them.
In many cases,
banks illegally imposed fees on targeted homeowners or failed to inform them of
In concluding the
pittance of a settlement, a fraction of the billions taken in by the banks from
the sub-prime mortgage racket, the Obama administration is once again letting
the banks get away with massive crimes that have had devastating social
consequences, while giving them a green light to continue similar practices.
In all the
scandals relating to the banks’ criminality in the run-up to and aftermath of
the 2008 financial crisis, the government has deliberately avoided bringing
cases to trial. This is not only to protect the banks’ activities from further
public scrutiny, but also to cover up regulators’ complicity in facilitating
the banks’ illegal activities.
The number of households that will get a share of the $3.3 billion
in payouts, averaging $868 for each of the 3.8 million borrowers whose homes
were in foreclosure in 2009 and 2010, has not been disclosed. Under previous
guidelines issued by the federal government, homeowners who were put in
foreclosure but were not really in default would theoretically receive $15,000
and a reversal of the foreclosure, or $125,000 if a reversal was not possible.
The actual amounts that are ultimately paid out could be far lower.
The settlement puts to an end the “Independent Foreclosure Review”
imposed as a regulatory action by the OCC on fourteen banks in April 2011.
Under the program, banks paid contractors to examine each claim of improper
foreclosure. The cost to the banks had reached $1.5 billion when the government
agreed to end the investigation.
With the new settlement, the banks themselves are left to
determine where abuses took place, with only a handful of cases to be examined
Comptroller of the Currency Thomas Curry sought in a press
conference Monday to present the settlement as a means of getting money to
consumers as soon as possible. “When we began the Independent Foreclosure
Review, the OCC pledged to fix what was broken, identify who was harmed, and
compensate them for that injury,” Curry said. “While today’s announcement
represents a significant change in direction,” he continued, “it meets those
original objectives by ensuring that consumers are the ones who will benefit.”
The settlement prompted an outpouring of denunciations from
consumer advocates and even some media commentators. “The regulators have
decided to replace the fox in the henhouse with the wolf,” commented John
Taylor, head of the National Community Reinvestment Coalition, a community
development nonprofit. “It is just incomprehensible to me that they could not
find a third party that has the wherewithal and independence to fairly
determine what the damage is to homeowners.”
Morgenson, in a New York Times op-ed entitled “Surprise, Surprise: The
Banks Win,” wrote: “If you were hoping that things might be different in
2013—you know, that bankers would be held responsible for bad behavior or that
the government might actually assist troubled homeowners—you can forget it.”
includes Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, MetLife Bank,
PNC, Sovereign, SunTrust, US Bank and Aurora. Four other banks that were
included in the investigation refused to take part in the settlement.
The settlement by the OCC is of a piece with the agreement
announced last February between 49 state governments and five top Wall Street
banks over similar types of mortgage fraud. In last year’s settlement, the
federal government put pressure on state attorneys general to wind down their
investigation into criminal abuses by the banks, leaving them to pay only $5
billion in payouts and a largely meaningless $17 billion in mortgage
Under the de facto protection of the government agencies that
are supposed to police them, the banks are allowed to violate securities and
other laws knowing that they can treat any fines that may eventually be imposed
as part of the cost of doing business.
The same applies to the settlement also announced Monday between
Bank of America and the government-sponsored mortgage finance giant Fannie Mae,
in which the bank will pay $3.55 billion to Fannie and buy back 30,000
low-performing mortgages for $6.75 billion.
The settlement covers allegations that Countrywide Financial,
bought by Bank of America in 2008, knowingly sold Fannie Mae toxic mortgages
that produced billions of dollars of losses. The loans were made between 2000
and 2008 and were originally valued at $1.4 trillion. The collapse of these
assets triggered a $116 billion government bailout of Fannie and helped
precipitate the financial crisis that led to the loss of millions of jobs.
The deal follows a similar 2010 agreement in which Bank of America
repurchased $2.87 billion of bad loans from Fannie’s fellow government-backed
mortgage company, Freddie Mac.
More than four years after the financial crash of September 2008,
not a single top Wall Street executive has been criminally prosecuted.
NO PRESIDENT IN HISTORY HAS TAKEN MORE LOOT FROM CRIMINAL
BANKSTERS THAN BARACK OBAMA! WHILE HIS DOJ IS OUT HARASSING LEGALS ON BEHALF OF
OBAMA’S LA RAZA PARTY BASE OF ILLEGALS, THE BANKSTER GO UNPUNISHED!
DURING OBAMA’S FIRST TWO YEARS ALONE, HIS CRIMINAL
BANKSTERS’ PROFITS SOARED GREATER THAN ALL EIGHT UNDER BUSH!
BANKSTERS’ PROFITS AND CRIMES ARE SOARING… so are
Records show that four out of Obama's top five contributors
are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG
($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).
They both pretended to speak for the aggrieved middle class, while working at the behest of the ruling establishment to shift official politics sharply to the right and spearheading a social counterrevolution directed against the working class and especially its poorest and most vulnerable sections.
For Koch’s wealthy friends, including multimillionaire retired politicians and other members of the top 1%, New York City has undoubtedly become a happier place. They are expressing their gratitude for the services he rendered. For the many millions of struggling working people, however, the legacy of Koch is no cause for celebration.
massive increases in manpower, the U.S. Border Patrol is still intercepting
only about 61 percent of would-be illegal immigrants along the U.S.-Mexico
border, according to an audit that the investigative arm of Congress released
findings, which for the first time show a broad estimate of how many illegal
immigrants the Border Patrol fails to catch each year, emerge as pressure
builds on Congress to move past border security and begin to grant legal status
to the estimated 11 million illegal immigrants in the U.S.
Government Accountability Office report found that an estimated 208,813 illegal
immigrants escaped capture along the nearly 2,000-mile border. Slightly more
than half of them turned back to Mexico, and the others proceeded deeper into
the U.S., the report said.
report also said that the Obama administration has gone more than two years
without having an effective yardstick for measuring border security, meaning
there is no good way to evaluate the job the Border Patrol is doing.
bottom line is we are far from having operational control of our borders,
particularly the southwest border, and as the GAO reports, there still are no
metrics to quantify progress," said House Homeland Security Committee
Chairman Michael McCaul, Texas Republican. "Meanwhile, the threat from
groups ranging from Islamist extremists to drug cartels continues to
security has been a chief focus of immigration efforts since 2007, when the
last major immigration reform bill failed in Congress. After that failure,
Republicans said voters wanted the border secured before any legalization took place,
and President Bush poured resources into the Border Patrol.
to the GAO, the number of illegal border crossings has dropped, as has the
number of illegal immigrants the Border Patrol apprehends. It's unclear how
much of that is a result of stricter enforcement and how much is because of the
slumping U.S. economy and changes in Mexico.
GAO report painted a picture of an agency struggling to come up with ways to
measure its effectiveness.
years ago, the Obama administration ditched the "operational control"
yardstick that the Bush administration developed. The yardstick showed that
just a fraction of the border was effectively sealed.
Homeland Security Department, which oversees the Border Patrol, said in its
official response to the GAO that it is trying to come up with a new yardstick
by the end of November — which would mean it will have gone three years without
a measure of border enforcement effectiveness.
Department of Homeland Security] fully appreciates the importance and need of
having measurable goals to assess progress in the area of border
security," Jim H. Crumpacker, Homeland Security's liaison to GAO, said in
the department's response.
the Border Patrol has added some tools to try to track repeat illegal crossers,
and uses internal measures to track progress.
Border Patrol always has been able to say how many illegal immigrants it
captured, but until recently it had little idea of how many crossed without
with the boost in radar, sensors and other tools, the Border Patrol can
estimate that number — and that gets it closer to coming up with a good
yardstick of effectiveness, said Doris Meissner, a former commissioner of the
defunct Immigration and Naturalization Service who just completed a review of
immigration enforcement for the Migration Policy Institute.
that its particularly true in the Tucson, Ariz., sector, where the
infrastructure has been built and where the Border Patrol is trying to figure
out a measure of "baseline flows."
Tucson is trying to determine, and what some other parts of the border think
that they're at, is what's their baseline flow — in other words, what do they
have to recognize, all other things being equal, is the normal course of illegal
crossing activity," Ms. Meissner said.
It's a difficult balance, since not all crossings are the same.
likely represent the same person trying to cross multiple times, while others
are high-risk crossers from countries that pose a risk of terrorism. The Border
Patrol is trying to grapple with all of those factors in coming up with a new
measure of security.
the GAO said, the Border Patrol apprehended 327,118 illegal border crossers,
while it estimates another 208,813 got away. Of those, 85,827 escaped into the
U.S. and the rest turned back.
cautioned that the numbers are not exact because they often depend on judgment
calls about whether someone was deemed to have turned back based on tracks or
Border Patrol is still working on numbers for 2012.
numbers do show progress from 2006, when the Border Patrol apprehended 1.1
million, while more than 900,000 got away.
Obama has said he will write immigration legislation this year and submit it to
Congress. The legislation is expected to contain a legalization program for the
estimated 11 million illegal immigrants in the U.S.
Steven A. Camarota, research director at the Center for Immigration Studies,
said the numbers should be a warning to lawmakers who say the border is secure
enough to tackle legalization.
doesn't count the northern border, the coastline, perhaps an equal number of
people who overstay temporary visas in the United States," he said.
"The question is, 'Is that control?' Most people would say if several
hundred thousand people successfully sneak across one of your borders, you've
still got a serious problem."
other findings, GAO investigators said the rate of repeat offenders has dropped
from about 42 percent in 2008 to 36 percent in 2011.
also said that drug seizures were up 83 percent in 2011 compared with 2006.
More than a quarter of that drug activity happened in the Tucson sector.
The Administration's Phantom
Immigration Enforcement Policy
According to DHS’s own reports, very
little of our nation’s borders (Southwestern or otherwise) are secure, and
gaining control is not even a goal of the department.
By Ira Mehlman
Published on 12/07/2009 (HOW MANY ILLEGALS JUMPED OUR BORDERS AND JOBS FROM THIS DATE?)
The setting was not quite the
flight deck of the U.S.S. Abraham Lincoln with a “Mission Accomplished” banner
as the backdrop, but it was the next best thing. Speaking at the Center for
American Progress (CAP) on Nov. 13, Homeland Security Secretary Janet
Napolitano declared victory over illegal immigration and announced that the
Obama administration is ready to move forward with a mass amnesty for the
millions of illegal aliens already living in the United States.
Arguing the Obama
administration’s case for amnesty, Napolitano laid out what she described as
the “three-legged stool” for immigration reform. As the administration views
it, immigration reform must include “a commitment to serious and effective
enforcement, improved legal flows for families and workers, and a firm but fair
way to deal with those who are already here.”
Acknowledging that a lack of
confidence in the government’s ability and commitment to effectively enforce
the immigration laws it passes proved to be the Waterloo of previous efforts to
gain amnesty for illegal aliens, Napolitano was quick to reassure the American
public that those concerns could be put to rest.
“For starters, the security
of the Southwest border has been transformed from where it was in 2007,” stated
the secretary. Not only is the border locked up tight, she continued, but the
situation is well in-hand in the interior of the country as well. “We’ve also
shown that the government is serious and strategic in its approach to
enforcement by making changes in how we enforce the law in the interior of the
country and at worksites…Furthermore, we’ve transformed worksite enforcement to
truly address the demand side of illegal immigration.”
If Rep. Joe Wilson had been
in attendance to hear Secretary Napolitano’s CAP speech he might well have had
a few choice comments to offer. But since he wasn’t, we will have to rely on
the Department of Homeland Security’s own data to assess the veracity of
According to DHS’s own
reports, very little of our nation’s borders (Southwestern or otherwise) are
secure, and gaining control is not even a goal of the department. DHS claims to
have “effective control” over just 894 miles of border. That’s 894 out of 8,607
miles they are charged with protecting. As for the other 7,713 miles? DHS’s
stated border security goal for FY 2010 is the same 894 miles.
strategic approach to interior and worksite enforcement is just as chimerical
as its strategy at the border, unless one considers shuffling paper to be a
strategy. DHS data, released November 18, show that administrative arrests of
immigration law violators fell by 68 percent between 2008 and 2009. The
department also carried out 60 percent fewer arrests for criminal violations of
immigration laws, 58 percent fewer criminal indictments, and won 63 percent
While the official
unemployment rate has climbed from 7.6 percent when President Obama took office
in January to 10 percent today, the administration’s worksite enforcement
strategy has amounted to a bureaucratic game of musical chairs. The
administration has all but ended worksite enforcement actions and replaced them
with paperwork audits. When the audits determine that illegal aliens are on the
payroll, employers are given the opportunity to fire them with little or no
adverse consequence to the company, while no action is taken to remove the
illegal workers from the country. The illegal workers simply acquire a new set
of fraudulent documents and move on to the next employer seeking workers
willing to accept substandard wages.
In Janet Napolitano’s
alternative reality a mere 10 percent of our borders under “effective control”
and sharp declines in arrests and prosecutions of immigration lawbreakers may
be construed as confidence builders, but it is hard to imagine that the
American public is going to see it that way. If anything, the administration’s
record has left the public less confident that promises of future immigration
enforcement would be worth the government paper they’re printed on.
As Americans scrutinize the
administration’s plans to overhaul immigration policy, they are likely to find
little in the “three-legged stool” being offered that they like or trust. The
first leg – enforcement – the administration has all but sawed off. The second
– increased admissions of extended family members and workers – makes little
sense with some 25 million Americans either unemployed or relegated to
part-time work. And the third – amnesty for millions of illegal aliens – is
anathema to their sense of justice and fair play.
As Americans well know,
declaring “Mission Accomplished” and actually accomplishing a mission are two
completely different things. When it comes to enforcing immigration laws, the
only message the public is receiving from this administration is “Mission
Obama soft on illegals enforcement
Arrests of illegal immigrant workers have dropped precipitously
under President Obama, according to figures released Wednesday. Criminal
arrests, administrative arrests, indictments and convictions of illegal
immigrants at work sites all fell by more than 50 percent from fiscal
2008 to fiscal 2009.
The figures show that Mr. Obama has made good on his pledge
to shift enforcement away from going after illegal immigrant workers themselves
- but at the expense of Americans' jobs, said Rep. Lamar Smith of Texas, the
Republican who compiled the numbers from the Department of Homeland Security's
U.S. Immigration and Customs Enforcement agency (ICE). Mr. Smith, the top
Republican on the House Judiciary Committee, said a period of economic turmoil
is the wrong time to be cutting enforcement and letting illegal immigrants take
jobs that Americans otherwise would hold.
MEXICANOCCUPATION.blogspot.com, JUDICIAL WATCH.org & WIKI-leaks
EXPOSES OBAMA’S AGENDA OF OPEN BORDERS, FUNDING OF LA RAZA SUPREMACY, AND
HISPANDERING FOR THE ILLEGALS’ VOTES!
"We have a situation
where the job market — the bottom fell out, yet we kept legal immigration
relatively high without even a national debate," he said. "As a
consequence, a lot of the job growth has been going to immigrants."
Mr. Obama did take action
this year to grant many illegal immigrants up to 30 years of age a tentative
legal status that prevents them from being deported and authorizes them to work
in the United States.
Some Republicans in
Congress have criticized Mr. Obama's policy, saying it violates his powers and
will mean more competition for scarce jobs.
RAZA his happy with OBAMA’S endless hispandering! THEY SHOULD BE!
Thereare only eight states with a larger
population than LOS ANGELES COUNTY, where 47% of those with a job are ILLEGALS
USING STOLEN SOCIAL SECURITY NUMBERS! This same mex gang infested county puts
out $600 million in welfare to illegals!
inspections have determined that hundreds of companies throughout the U.S. have
significant numbers of illegal
immigrants on their payroll
yet none have been punished, according to a Houston newspaper that obtained
internal ICE records through the Freedom of Information Act. At least 430 audit
cases listed as “closed” by the agency had high percentages of workers with
“questionable” documents yet they faced no consequences.”
THE ENTIRE REASON THE BORDERS ARE LEFT OPEN
IS TO CUT WAGES!
“We could cut
unemployment in half simply by reclaiming the jobs taken by illegal workers,”
said Representative Lamar Smith of Texas, co-chairman of the Reclaim
American Jobs Caucus. “President Obama is on the wrong side of the American
people on immigration. The president should support policies that help citizens
and legal immigrants find the jobs they need and deserve rather than fail to
enforce immigration laws.”
beneficiaries of our current immigration policy are affluent Americans who hire
immigrants at substandard wages for low-end work. Harvard economist George
Borjas estimates that American workers lose $190 billion annually in depressed
wages caused by the constant flooding of the labor market at the low-wage end.”
Christian Science Monitor
CHRISTIAN SCIENCE MONITOR Why the new
jobs go to immigrants
By David R. Francis
cheered and stock prices rose when the US Labor Department announced last
Friday that employers had expanded their payrolls by 262,000 positions in
wasn't entirely good news. The statisticians also indicated that the share of
the adult population holding jobs had slipped slightly from January to 62.3
percent. That's now two full percentage points below the level in the
brief recession that began in March 2001
Is Illegal Immigration Moral?
By Victor Davis Hanson
know illegal immigration is no longer really unlawful, but is it moral?
Americans debate the fiscal costs of illegal immigration. Supporters of open
borders rightly remind us that illegal immigrants pay sales taxes. Often their
payroll-tax contributions are not later tapped by Social Security payouts.
counter that illegal immigrants are more likely to end up on state assistance,
are less likely to report cash income, and cost the state more through the
duplicate issuing of services and documents in both English and Spanish. Such
to-and-fro talking points are endless.
is the debate over beneficiaries of illegal immigration. Are profit-minded
employers villains who want cheap labor in lieu of hiring more expensive
Americans? Or is the culprit a cynical Mexican government that counts on
billions of dollars in remittances from its expatriate poor that it otherwise
ON THE LA RAZA MEXICAN OCCUPATION of MEXIFORNIA (FORMERLY CA).
1. The State of California operates deficits of $16 billion
while still paying out $22 billion per year in social services to illegals.
2. CA has the largest and most expensive prison system in
the nation. Half the inmates are Mexicans.
3. CA attorney gen. Kamala Harris has declared that nearly
half of all murders are by Mexican gangs. Of the top most wanted criminals on Harris’
list, all are Mexicans.
4. Of the top 200 most wanted (murder) criminals in Los
Angeles, whose mayor is a M.E.Ch.A. (La Raza Mexican separatist movement * the Movimiento Estudiantil Chicano de Aztlan) member Antonio “Taco Runt” Villaraigosa, 183 are
Mexicans and most of the rest Russians.
5. The County of Los Angeles pays out $600 million per year
in welfare to illegals (source: JUDICIAL WATCH.org), primarily Mexico’s anchor
baby breeders = 18 years of gringo-paid welfare. All other counties are paying
out welfare to illegals, and dealing with the Mexican crime tidal wave. Next to
drugs, Mexico’s biggest export is the Mexican criminal.
6. The County of Los Angeles has a tax free Mexican
underground economy calculated to be more than $2 billion per year!
DID YOU VOTE FOR ANY OF THE ABOVE?
WELL, ILLEGALS ARE VOTING IN DROVES! THEY NOW SEND FOUR REPS TO CONGRESS, THESE
ARE LA RAZA SUPREMACIST REPS. XAVIER BECERRA, JOE BACA, GRACE NAPOLITANO, AND
IN INFAMOUS RACIST SISTERS, LINDA and LORETTA SANCHEZ.
CA’S STATE LEGISLATURE IS FILLING
UP WITH LA RAZA LATINO STATE LEGISLATORS. THESE LA RAZA SUPREMACIST RECENTLY
PASSED A LAW MAKING IT ILLEGAL FOR EMPLOYERS TO USE E-VERIFY (OVER 90% OF THE
SERVICE AND CONSTRUCTION SECTOR WORKERS IN LOS ANGELES ARE THOUGHT TO BE
ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!).*
OBAMA'S AMERICA: Open
& Undefended Borders!
"What we're seeing is our Congress and national leadership dismantling our
laws by not enforcing them. Lawlessness becomes the norm, just like Third World
corruption. Illegal aliens now have more rights and privileges than Americans.
If you are an illegal alien, you can drive a car without a driver's license or
insurance. You may obtain medical care without paying. You may work without
paying taxes. Your children enjoy free education at the expense of taxpaying
the declining job market in the United States may be discouraging some would-be
border crossers, a flow of illegal aliens continues unabated, with many
entering the United States as drug-smuggling “mules.”
2006 – ALIEN NATION: Secrets of the Invasion – Why America's government invites
rampant illegal immigration
It's widely regarded as
America's biggest problem: Between 12 and 20 million aliens – including large
numbers of criminals, gang members and even terrorists – have entered this
nation illegally, with countless more streaming across our scandalously unguarded
The issue polarizes the nation, robs citizens of jobs,
bleeds taxpayers, threatens America's national security and dangerously
balkanizes the country into unassimilated ethnic groups with little loyalty or
love for America's founding values. Indeed, the de facto invasion is rapidly
transforming America into a totally different country than the one past
generations have known and loved.
And yet – most Americans have almost no idea what is really
going on, or why it is happening.
While news reports depict demonstrations and debates, and
while politicians promise "comprehensive border security programs,"
no real answers ever seem to emerge.
But there are answers. Truthful answers. Shocking answers.
In its groundbreaking May edition, WND's acclaimed monthly
Whistleblower magazine reveals the astounding hidden agendas, plans and people
behind America's immigration nightmare.
Titled "ALIEN NATION," the issue is subtitled
"SECRETS OF THE INVASION: Why government invites rampant illegal
immigration." Indeed, it reveals pivotal secrets very few Americans know.
Did you know that the powerfully influential Council on
Foreign Relations – often described as a “shadow government" – issued a
comprehensive report last year laying out a five-year plan for the
"establishment by 2010 of a North American economic and security community"
with a common "outer security perimeter"?