I wrote on February 18, 2008... warning that this would occur...from the NY Times...
"Ex-Leaders of Countrywide Profit From Bad Loans"
http://www.nytimes.com/2009/03/04/business/04penny.html?_r=1&emc=eta1
The Housing and Economic Reform Act as well as EESA gave the Treasury
Secretary UNLIMITED, UNFETTERED authority to do with as he saw fit with the asset being purchase by the government... didn't anyone in congress read and, heaven forbid remotely understand what they were voting for... what they were giving away... this can and ought to be, but so long as there are lobbyist and campaign contributions will never be corrected...
Without proper loan modification, prior to any sale of the assets,... there will be a surge of foreclosures that may just make what we have already gone through seem like a day at the beach...
Many government official, and all of their "experts" have stated that real estate prices are still over valued and need to come down even further... but for whose benefit? I wonder which members of congress and government officials are invested in partnerships and blind funds, following in the footsteps of Stanford L. Kurland... this reeks of the RTC all over again...
Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Thursday, March 5, 2009
Sunday, March 1, 2009
What am I Missing...
A number of years ago the defense department went through budget cuts... to save
from its budget, The Navy closed down Moffett Field in Sunnyvale, CA... and turned it over to other federal agencies... and NASA... some budget savings... some savings to "we the people"!!!....
In moving Marine and Army combat and support personnel from Iraq, where combat has been winding down (reduced operational cost)to Afghanistan where combat is ratcheting up (higher operational cost)... will save us how much???!!! A key point in where will the money come from in the new budget is the savings from the Iraq war... What am I missing...
Insofar as we are going through another Abraham Lincoln revival... "you can fool all of the people some of the time; and some of the people all of the time; but you cannot fool all of the people all of the time..."
I'd suggest that if Mr.Obama intends to continue along these lines he replace Mr.Orzag with Penn & Teller as director's Office of Management and Budget...
A dolt is a person who cannot keep from bungling.... now, think congress...
What am I missing...
from its budget, The Navy closed down Moffett Field in Sunnyvale, CA... and turned it over to other federal agencies... and NASA... some budget savings... some savings to "we the people"!!!....
In moving Marine and Army combat and support personnel from Iraq, where combat has been winding down (reduced operational cost)to Afghanistan where combat is ratcheting up (higher operational cost)... will save us how much???!!! A key point in where will the money come from in the new budget is the savings from the Iraq war... What am I missing...
Insofar as we are going through another Abraham Lincoln revival... "you can fool all of the people some of the time; and some of the people all of the time; but you cannot fool all of the people all of the time..."
I'd suggest that if Mr.Obama intends to continue along these lines he replace Mr.Orzag with Penn & Teller as director's Office of Management and Budget...
A dolt is a person who cannot keep from bungling.... now, think congress...
What am I missing...
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