More Bailouts? Forever? Not So Fast
by PubliusPollster Frank Luntz has confirmed what conservatives, Tea Party activists and, well, every other American not affiliated with Wall Street banks have known all along — voting for bailouts is a political death sentence.
Big Government has obtained a copy of a new poll conducted by The Word Doctors that should send shivers down the spine of proponents of the Financial Reform bill that passed the House of Representatives in December. The legislation created a $150 billion bailout fund for future bailouts for banks and corporations and authorizes the Fed to spend up to another $4 Trillion.
Luntz’s poll asked whether “you would be more or less likely to vote for your member of Congress if they voted for a Financial Reform bill that contained a fund to bail out banks and Wall Street?” The results: 5% more likely. 79% Less Likely. An incredible 52% of respondents said that they would be “much more likely” to vote against bailout supporters. A copy of the Luntz poll can be found here:
Language of Financial Reform –
Luntz’s poll raises a critical question Democrats will soon have to face — when they finally shelve health care reform, what legislation should they try to move to next? Certainly, if they care about getting themselves re-elected this November, the Financial Reform Bill won’t be it. The House-passed bill is sitting on the Senate desk while Sen. Dodd and the President are strongly pushing the bill.
But even though Sen. Dodd and the President don’t seem to get it yet, they will likely hear about it soon. Readers report this ad running in several states:
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68 Comments
What’s another 4 trillion amongst friends? We will remember in November!
Readers report this add running in several states:: "Ad" is spelled with one d.
The Wall Street fat cats think they earn their bonuses because they are economic titans, financial wizards, geniuses. But the game they play is simply to take enormous risks. Duh. If it pans out, they win big. If it fails, the taxpayers lose big. Repeat until filthy rich. Their enablers are stooges purchased in Washington. The same ones who, post-Massachusets, put on a display of their disgust with Wall St. bankers. Behind the scenes, the game continues. This isn’t real capitalism. It’s crony capitalism at its worst.
Typical marxists, they don't care what anyone thinks, jam their agenda through, come hell or high water, sickening………………….Hanzo
Oh what a sentient post, a typo. Thanks so much for bringing a timely, salient and valid point to the debate.
……………………..Hanzo
Even back in September of 2008, there were people who asked, "If we bail out these companies, where does it stop?'
It has become increasingly obvious that there is no logical end point.
Maybe what is needed is a "moment of clarity" …
I see nothing wrong with people getting big bonus's or making high salaries, if they do it on the dime of the company and not that of the people.If a company wants to pay for failure, let them. If a company wants to pay for excellence all the better. Just don't use our money to do so.
Some people get it, some don't.
It is a riddle, why the less educated, the average Joe Schmoe working class person gets it, while the academics, the elite intelligensia, the politicians don't get it.
The times they are a changin'.
Mark, do you really think so?
Like the GSE's; Fannie Mae and Freddie Mac, run bankrupt by bad Acorn loans, a crime perpetrated by Barney Frank and Chris Dodd. Bundle that junk paper and roll it out the door to foreign investors.
There developed a saying in that industry: " A ROLLING LOAN GATHERS NO LOSS……….."
I doubt you will grasp the concept.
And in the SOTU Hussein demanded a JOBS bill be on his desk by…whenever. I hope everyone noticed the hypocrisy of Peelousy standing and clapping when he said, to paraphrase "no more earmarks". Well, when I hear "Jobs Bill" and "Financial Reform Bill" even a simple peon like me understands that it's just more earmarks, pork and Keynesian interference in what should be FREE MARKETS. Let your 'representation' know… NO MORE PORKULUS II or III or IV.
What we are witnessing is not politics as usual. This is something new and very frighting. Our progressive leadership does not care about the impact of their actions on elections. Everyone who loves America and loves freedom needs to be asking why this is so. If conservatives keep assuming the behaviour of the left is guided by normal political goals, and keep acting on that assumption, we are lost, The Experiment gets destroyed, and the dark ages begin.
Hey Cowboy, don't be too hard on the poor guy. At least he realises that there is a difference between what he is calling crony capitalism and real capitalism, even though he is still working with some faulty data force fed to him from our lefty enthralled society.
Page 2; the cause of the crisis. I do not believe that such a clear cut line divides liberals and conservatives. Yes, the banks were down right evil in their pursuit of profits, but after all, for them it's just business. And yes, the govt was responsible. Rather than having common sense regulation that protected consumers, the govt actually encouraged both the banks and consumers to act irresponsibly. Let's not forget that while much of the nation lost big, others cleaned up from this disaster. Conspiracy? Why can't we audit the Fed? The bailout was absurd. Only idiots would believe that handing out ginormous amounts of cash to irresponsible CEO s without any conditions on the use of that cash was a good idea in any way shape or form. This why we have bankruptcy law. A failing company's assets are sold, divided, liquidated, all in the most equitable fashion as decided by the court. Those consumers in trouble with mortgages could have been offered plans to refinance to keep their houses. Frankly it would have been cheaper and far more effective to just send a check to every taxpayer for $50,000. They could have paid their bills, bought new cars, bought houses, etc. No more financial crisis.
Government has adopted public policy over the past 30 years referred to euphemistically as "too big to fail." This policy has all but guaranteed obscene risk taking from Wall Street because they have not had to be accountable for their actions. In all fairness, both major political parties have endorsed this policy, and have failed to, learn from past mistakes. If you want to read an excellent book on the topic which is an easy "layman's language" read, I recommend "After The Fall" by Nicole Gelinas. I guarantee after you read it, you will have increased your understanding of this topic.
Joe Schmoe has a different perspective in life, he still has a connection to family and core values….something lost on the intelligensia….they were always to busy bullying on the playground and now in positions of power. There does come a time when the bully gets a dose of humiliation from Joe…I am thinking 276 days from now.
Come Senators, Congressmen
Please heed the call
Don't stand in the doorway
Don't block up the hall
For he that gets hurt
Will be he who has stalled
There's a battle outside
And it is ragin'.
It'll soon shake your windows
And rattle your walls
For the times they are a-changin'.
Language of Financial Reform –
Luntz’s poll raises a critical question Democrats will soon have to face — when they finally shelve health care reform, what legislation should they try to move to next? ………………….. If they are smart it will be a balanced budget amendment and major steps to reduce the size of govt, and it's spending, to an acceptable level.
Its not new and yes very frightening. It has been in the works since Woodrow Wilson's administration. Glenn Beck discussed this yesterday on his show. Below is a short segment that discusses what is taking place.
http://www.youtube.com/watch?v=pWqbEB0MhRs
I do think most conservatives are aware that the left is not guided by normal political goals and that they are on the course of progressivism. If they are not aware of it, I think they do know in their gut something very frightening is happening.
IMHO, we may already be down the path to far to turn back and we are possibly heading into the dark ages as we speak.
Come November (2010 and 2012), they will have failed to 'rescue' health care, failed to 'rescue' the environment, as well as other high profile failures. They will, however, have succeeded at bailing out their campaign contributors, and giving themselves raises. Joe-Six-Pack may not be a Harvard graduate, but he's not stupid.
I agree with Tennessee Jed, though. If the opposition doesn't have an even marginally qualified candidate to run against the incumbent, the incumbent thieves will get away with their malfeasance.
Neither party will ever pass a balanced budget amendment, because they know it's like cutting up the AmEx card. Without the ability to borrow money, there is no way healthcare can be paid for — heck, forget that; there's no way existing programs like SSI and Medicare can be paid for. Without the ability to borrow money, the Dem's can't pass any programs, and the Republicans can't cut taxes.
It is up to us, the citizens, to force this. At this point, we should be demanding that our so-called Representatives vote against *anything* that costs more than the revenue we have. If that means slashing programs, so be it. We might want them, we might even think we need them, but we simply can no longer afford them.
Common sense is not learned in a book
Publius are you telling me that the House passed a
$4 TRILLION BAILOUT in DECEMBER 09 — A MONTH AGO AND WE ARE JUST HEARING ABOUT IT?
And this is the Obama-bailout, the Barney Frank bailout?
And who are the Committee for Truth in Politics?
Seems to me everybody is blaming "something and or someone"
But if you look back in time say a hundred years or so you'll see the PROGRESSIVES have been planning this for a long time
It's time to stand up and say F***OFF and I'll keep my country the way our FOUNDING FATHERS INTENED
I just searched and found the bill which is H.R. 4173. It weighs in at a whopping 1279 pages and it has passed the House. On page 438 it is near the top and is $4,000,000,000,000. The vote was 223-202 with 27 Democrats who opposed and not a single Republican in favor. The internet is great and we need to do the fact checking as the MSM is far too busy protecting the Progressive AGENDA to share the pertinent news.
Hi mark,
I wasn't implying that you are lefty enthralled, but our social conciousness as expressed in our educators and media. You are clearly not under demonic sway to the lefties. What I was implying was that a lot of what we understand as fact ( or truth) is really the lefty spin of a generation before. I mostly agree with your assessment in a broad way, but I think to much emphasis (by you and everyone else) is placed on profit motive. I am currently of the opinion that Corporatists ( as contrasted to Capitalists ) are far more interested in power. All of the evil that the lefties ascribe to the profit motive and the greed of capitalists is in reality caused by the thirst for power of Corporatists and there bed buddy Politicians.
The difference between power and wealth is this:
You being wealth does not effect me being wealthy except in a positive way.
You having power on the other hand is a threat to me having power.
There are wealth creators and wealth manipulators. Wealth Manipulator need to have most of the wealth in order to manipulate it. That means wealth manipulators need to control the activities of the wealth creators ( or they will end up with most of the wealth). Controlling the activities of others requires power. See were this is going? Pretty soon, the Wealth Manipulators are more interested in Power then wealth which puts them in bed with Government. Who are the Wealth Manipulators? Well Banks for one and Socialist for another. Why do you thing that Socialist have always been well financed!
My other little problem with what you had posted was with the concept of taking risk and losing. This is a scam. The so called loses are deliberate and the risk was non existent. It is all a mechanism to hide wealth from being used by Wealth Creators.
BTW, Why do you think that the left expends so much energy in impeding the extraction of resources, and in the manufacturing of real goods?
Has anyone noticed that almost ALL government activity, state, local, and federal, is geared primarily toward growing government, and amassing power and wealth at our expense? The healthscare bill was designed to strip-mine what wealth remains in the hands of the people and transfer it to another slush fund like socialist insecurity. I believe they were counting on tthat slush fund to not only fund more bailouts, but to pay the expense of their marxist agenda. Let's face it, the feds are broke and we haven't even begun to see the real squeeze.
Sunshine Connie, thank you for finding this out!
I am going to do a blast email to my friends about this!
UFB! WOW! $4 trillion and the House has already passed it!
I couldn't agree with you more.
Sink or swim.
You do it. I do it.
Why can't they do it?
You are most welcome atallone! Looks like Harry-KARI Reid knows not to bring this POS up! We need to get this one socialized to friends and family as this is a good nail into the Pelosi Leaderships coffin!
The country has wandered so far astray that no solutions exist without extraordinary pain. At best, if the nation realizes its mistakes, and makes all the tough choices now, we have a chance to eventually restore things some time later. The alternative is to accelarate down the progressive path with BHO, leading to tyranny. Watching his narcissitic flailings at SOTU, indeed reminded one of a petulant teenager, or a half-bit despot from some banana republic.He's dangerous.
The tech bubble, the housing bubble, eclipsed by the runaway government borrowing/spending binge, are like an epic booze bender. There's no escaping an epic hangover. It's barely started. The only antidote is to first stop guzzling the tequila, puke out the bad stuff, and suffer the consequences for a time, doing all the healthy stuff possible to recover. There is no easy way out. This generation of Americans inherited unimaginable freedom and prosperity, at little cost, and squandered it on serial excesses and corruptions. Is the same generation now able to make difficult sacrifices that at best, will restore thingsa ways off in the future? That'd truly be a return to first principles.
What another POS from Madame Pelosi. The Bill has some OK things but we need to be real here. If the Gov't needed $4,000,000,000,000 to cover the next fiasco do you think they would be unable to deal with it by working with the then current Gov't leaders? Why the commit now for what may be 10 or 50 years down the road? Also, having watched the penchat they have in the House, Senate and the Whitehouse with how to waste the funds repaid, it makes me wonder what they think they can do with $4,000,000,000,000!!! What is the next PROGRESSIVE takeover plan???
PENCHANT- We need to get a spell-checker here! I just get too in the moment of rage to do a copy past from WORD.
Thx Lorben. My roomy recorded it for me and I just watched it. I am a bit of an amateur historian myself and am familiar with everything GB talks about. I am so glad that someone with a public presence is teaching this stuff. I sure hope he gets to exposing John Dewey and his influence on the public school system! BTW, what I was talking about being new was not socialism ( or even American Progressivism) but the complete abandonment of any pretence at playing by the established rules. Its as if the progressives feel that they have all their chessmen in the right place, the game is won, all that remains the final moves to an inevitable checkmate. At least before the progressives at least made a show at playing within the American political system.
Very true! The school of hard knocks!
IMO, profit motive is generally good, the "invisible hand" and all. So long as ethical, or perhaps (dare I say it?) Judeo-Chistrian principles predominate. The decline in the latter seems to have coincided with increasingly corrupt pursuits of profits, make what you will of the coincidence.
The exception to wealth being win/win is, of course, where one party gets wealthy by scamming another. We've had a bit of that lately.
Oddly, the current crop of progressives don't *really* seem anti-business. They're in bed with big corps. like GE where there are shared interests of Power and Wealth, unrestrained by any misgivings of constitutional or ethical principles.
I agree that risk is actually non-existent if the unspoken understanding is that taxpayers are on the hook. Hence, GSEs.
My real point was really extemely simple, the moral hazard idea: When you reward bad behavior (baling out huge bad bets by banks), you get more of it. At taxpayer expense to boot. The beauty of capitalism is the self-correcting, creative destruction aspect. The foolish go under. A lesson is learned. Society picks up the remains to try something better.
Oh and I am also waiting for GB to do more on John Dewey too. Another interesting mix to the poison they have created.
I agree totally with you. There is no way we will make it out of this mess without a change in our way of life. I for one am willing to give up the excesses and more for liberty. It sure is going to be a shock for the average Joe Democrat that thinks the "petulent teenager" is just that…and he has destroyed our economy like we have never seen before. There ability to suck off the proverbial government teat will be gone and there will be no one to take care of them anymore. Kind of sad really! Because most of them have been held down by the leftist in this country and they have no idea what they bought into.
It ends November 2, 2010.
I'm sad to say, the progressives led the way for sure, but in the past decade, folks of all political stripes drank some of the kool-aid. Conservative folks by nature, are less likely to get underwater on a mortgage that is beyond their means, but it happens. Fed coercion with ulta-low interest rates that punish savers and reward borrowers had something to do with it.I honestly don't know how to explain what independents were thinking about BHO after Wright, Ayers, et al.
People! Ever see someone max out a set of credit cards? Didn't end well did it. How does $15 TRILLION of debt (or more, depending which parts you ignore) sound?
Contemplate this: http://www.usdebtclock.org/
Unfortunately, events in the US are unfolding in an increasingly dangerous world.
Let's wake up and face facts.
Kind of ironic about the SCOTUS dis. I recall BHO's campaign web site intentionally disabled simple mechanisms to confirm source of online campaign donations. There was some concern at the time, not only about individual limits being exceeded, but an avenue for foreign campaign contributions being opened. Again, the disabling of the contribution confirm feature was intentionional! Not accidentall. It goes without saying, lamestream media ignored.
I've noticed about liberals/progressives, they like to publicly accuse others of malfeasances they're actually committing themselves. Go on the offense. Sleight-of-hand. Divert attention.
I have seen and use this site often. It is very sobering and hard to believe we have brought ourselves to this place.
Unfortunately, I don't think many independents knew about BHO's radical background so it was easy for them to forgive the looney Wright and we saw how they spun Ayers (they didn't really know each other), right! *wink wink*. We also hadn't seen the mass migration to Fox News until after the election. It was starting to happen but came into full swing after the election. People figured out they were lied to by the MSM.
All I know is I am preparing for a bad economic season here in our country.
Wonder if it was planned that the youtube ad shown in this article, after played, showed a selection of versions of Won't Get Fooled Again by the Who, followed on a second tier by Obama's theme song Who Are You? Coincidence?
It's good to know that folks like JoeCollins here haven't taken their eyes off the ball, isn't it? ROFL! "timely, salient and valid" That's a HOOT!
That's called Freedom, Billie! Obamao wants no part of it!
Eggheads have a tendency to think a problem to death. Albert Einstein famously announced,"A little knowledge is a dangerous thing…so is a lot!"
It's not so much a matter of how much you know as it is the content of your character and what you do with the knowledge you possess.
Wait a minute! Did I just explain why "Character Matters"?
Between Joe and xcristopherus cussing and ranting at those who are supposed to be on their side, it makes one wonder, dosen't it?…………………….Hanzo
In this bill already passed by the house of representatives, ( It was introduced by Barney Frank ) It gives the executive branch the power of decision making, Thats right Obama himself will decide who gets bailed out, and who survives, Congress will no longer even debate and vote on future tarp programs. There will be a steady flow of income from the American Tax payer to the hands of Obama. Call your congress and let them know you know about this bill.
Redistribution of wealth at its worst….how soon will the USA slit up into 5 or 6 parts in the next three years?The states still have rights and when they don't why be part of the political machine that took those rights away?No wonder the military is moving everything of importance into middle america;the liberal coasts will have to fend for themselves…
"voting for bailouts is a political death sentence"
Yup. And I saved a copy of who voted for what (Porkulus, too) in case the Whitehouse happens to lose theirs.
Cloward-Pivens.
Powerful ad. does anyone know in which states it's running?….am wondering if this is the same ad a friend described as seeing in Chicago.
Stan – if we don't get candidates to beat Democrats over the head with this very issue come November, shame on us.
Hoo boy, that's the first time I've been accused of being lefty entralled. Funny!
I don't think anything I said is incompatible with Cowboy's remarks about GSE's. Crony capitalism is not necessarily mutually exclusive with the GSE disaster driven by government-medlling by Dodd, Frank and company.
I take it you see no problematic relationship between excessive risk-taking on Wall Street, Fed policy (including then NY Fed / now Treasury Secy Geithner), relations with Washington (including ex-Goldman Sachs execs now staffing BHO's econ admin), and ongoing government bailouts?
What's your opinion on moral hazards? Is that another left-inspired dogma?
Clarity will come in November
Here's a concept: You take big risks, and are wrong, you fail. You fail if you're a GSE. You fail if you're a big investment bank.
Let 'em fail instead of bailing them out. You'll quickly see excessive risk-taking stop. And stop lathering debt on the taxpayers. And no no legislation required. It's self-correcting.
It's not rocket science!
Sunday’s most-examined chat show is likely to be ABC’s “This Week.”
Barbara Walters will be the guest moderator. The headliner guest is Sen.-elect Scott Brown, R-Mass.
And the panel features Roger Ailes, chairman and CEO of Fox News.
The other members on the panel will be George Will, Arianna Huffington of The Huffington Post and Paul Krugman of The New York Times. “This Week” starts at 11 a.m.
Wow, that's quite the line-up. I may have to actually watch ABC. I want to see Roger Ailes put the smack-down on Arianna Huffington.
That's Sunday morning sport, there.
So when did cutting the budget become a priority? I thought spending is stimulus… I'd really like to get a reporter to ask when deficit spending is stimulus and when it's not. That should make for an interesting unscripted moment.
Ahhh! That would be Saul Alinsky's "Rules for Radicals" you were talking about and see in action with the present administration. The One has been put into a precarious position with the Massachusetts election. He never counted on loosing that seat. Who could have foreseen that? I think it really surprised us all…maybe not so much the last couple of days before the election but a couple of weeks before. They thought they had the whole thing sewed up. So now the one and Congress has to put the pedal to the medal so they can get to checkmate. I am not sure how this plays out of course, but it is obvious they are using the "Cloward and Piven Strategy" to overwhelm the system. It will be an interesting 276 days….that is when we will know if will make it out of the clouds. No matter how this turns out…it will be a painful thing for us as a country. If we win and maintain our liberty, we will still suffer the consequences of the "petulant teenager, or a half-bit despot" to quote Mark above. He is right on in his thinking.
AS Congress has recently displayed they could care less WHAT YOU WANT OR THINK. They are beyond that and no longer fear the electorate. We shall wake up one morning soon……financial markets collapsed due to China calling debentures, housing market collapsed and the dollar worthless. Coming soon to us. Unless….
WE VOTE THEM ALL OUT…. ALL OF THEM ! Every stinking one of these corrupt bastards(itches) ! ! How embarrassing for this country when the presidentPOS INSULTED the Supreme Court and the liberal scum leadership stood up and APPLAUDED ! Weasels. The SCOTUS will not soon forget this deliberate intimidation.
That is exactly the awakening that many of us here are trying to bring about. I'm glad to see that you "get it"! Now, go forth and help someone else to get it, too!
Spell check is an available option with ID, but it is not a cure all for every type of grammatical error. Additionally, it consumes valuable systems resources. That is a real issue for larger sites with many users like this one.
May I suggest switching to Mozilla Firefox as your default browser? It has many advantages over IE, one of which is a spell check feature that is active in every environment within the browser. I'm using it right now and all my spelling errors are immediately underlined in red. It even suggests proper corrections like Word does.
If graduating from college is supposed to make you smart, someone forgot to tell the O'Bummer.
the reason "They" don't get it is, that "They" work for the government, and since, (at least in government) that, money fixes problems, that is how government will try to solve problems. And can you recall when the government credit card was ever rejected? I don't! Problems + dollars does not equal problem solved in our lives and thats why we get it and they don't.
It got worse because then Obie Wan told the Republicans (proudly) there were no earmarks in the Stimulus Package. That;s because the whole friggin thing was one big earmark!
$4 Trillion for more bailouts. Where is the roll call vote?
http://bloomberg.com/apps/news?pid=20601039&s...
Great ad. How do we support it so that it can show nationwide?
First Lady Now Requires 26 Servants
“In my own life, in my own small way, I have tried to give back to this country that has given me so much,” she said. “See, that’s why I left a job at a big law firm for a career in public service, “ Michelle Obama
No, Michele Obama does not get paid to serve as the First Lady and she doesn’t perform any official duties. But this hasn’t deterred her from hiring an unprecedented number of staffers to cater to her every whim and to satisfy her every request in the midst of the Great Recession. Just think Mary Lincoln was taken to task for purchasing china for the White House during the Civil War. And Mamie Eisenhower had to shell out the salary for her personal secretary.
How things have changed! If you’re one of the tens of millions of Americans facing certain destitution, earning less than subsistence wages stocking the shelves at Wal-Mart or serving up McDonald cheeseburgers, prepare to scream and then come to realize that the benefit package for these servants of Miz Michele are the same as members of the national security and defense departments and the bill for these assorted lackeys is paid by John Q. Public:
1. $172,2000 – Sher, Susan (CHIEF OF STAFF)
2. $140,000 – Frye, Jocelyn C. (DEPUTY ASSISTANT TO THE PRESIDENT AND DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
3. $113,000 – Rogers, Desiree G. (SPECIAL ASSISTANT TO THE PRESIDENT AND WHITE HOUSE SOCIAL SECRETARY)
4. $102,000 – Johnston, Camille Y. (SPECIAL ASSISTANT TO THE PRESIDENT AND DIRECTOR OF COMMUNICATIONS FOR THE FIRST LADY)
5. Winter, Melissa E. (SPECIAL ASSISTANT TO THE PRESIDENT AND DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
6. $90,000 – Medina, David S. (DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
7. $84,000 – Lelyveld, Catherine M. (DIRECTOR AND PRESS SECRETARY TO THE FIRST LADY)
8. $75,000 – Starkey, Frances M. (DIRECTOR OF SCHEDULING AND ADVANCE FOR THE FIRST LADY)
9. $70,000 – Sanders, Trooper (DEPUTY DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
10. $65,000 – Burnough, Erinn J. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
11. Reinstein, Joseph B. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
12. $62,000 – Goodman, Jennifer R. (DEPUTY DIRECTOR OF SCHEDULING AND EVENTS COORDINATOR FOR THE FIRST LADY)
13. $60,000 – Fitts, Alan O. (DEPUTY DIRECTOR OF ADVANCE AND TRIP DIRECTOR FOR THE FIRST LADY)
14. Lewis, Dana M. (SPECIAL ASSISTANT AND PERSONAL AIDE TO THE FIRST LADY)
15. $52,500 – Mustaphi, Semonti M. (ASSOCIATE DIRECTOR AND DEPUTY PRESS SECRETARY TO THE FIRST LADY)
16. $50,000 – Jarvis, Kristen E. (SPECIAL ASSISTANT FOR SCHEDULING AND TRAVELING AIDE TO THE FIRST LADY)
17. $45,000 – Lechtenberg, Tyler A. (ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY)
18. Tubman, Samantha (DEPUTY ASSOCIATE DIRECTOR,SOCIAL OFFICE)
19. $40,000 – Boswell, Joseph J. (EXECUTIVE ASSISTANT TO THE CHIEF OF STAFF TO THE FIRST LADY)
20. $36,000 – Armbruster, Sally M. (STAFF ASSISTANT TO THE SOCIAL SECRETARY)
21. Bookey, Natalie (STAFF ASSISTANT)
22. Jackson, Deilia A. (DEPUTY ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY)
Jim Bopp's group and his nameless contributors bought and paid for this ad. Bopp is fighting in court to keep his contributors secret. Jim Bopp's backers are bankers.
The ad is fighting a bill that would prevent banks from pulling the same crap they did 2 years ago. The crisis has passed and nothing has changed. The reform bill you "patriots" are screaming against puts these banks back where they were for 60 years and prevents them from sending us down the tubes again. Haven't you seen the profits and the bonuses the banks have gone back to since you paid to bail them out?
Why is Obama such a consipracy in every corner to you? You sound like a bunch of cub scouts and brownies telling scary ghost stories around a campfire.
Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.
Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)
Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."
The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.
http://merkley.senate.gov/newsroom/press/release/...