http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL&feed=rss...

MORTGAGE MELTDOWN
Interest rate 'freeze' - the real story is fraud

Sunday, December 9, 2007

Now, just unveiled Thursday, comes the "freeze," the brainchild of
Treasury Secretary Henry Paulson. It sounds good: For five years,
mortgage lenders will freeze interest rates on a limited number of
"teaser" subprime loans. Other homeowners facing foreclosure will be
offered assistance from the Federal Housing Administration.

But unfortunately, the "freeze" is just another fraud - and like the
other bailout proposals, it has nothing to do with U.S. house prices,
with "working families," keeping people in their homes or any of that
nonsense.

The sole goal of the freeze is to prevent owners of mortgage-backed
securities, many of them foreigners, from suing U.S. banks and forcing
them to buy back worthless mortgage securities at face value - right
now almost 10 times their market worth.

Three articles

1) About Bush's character, from Sep 2004
(from before the Nov 2004 elections)

2) About Bush's Recklessness, from Jan 2007

3) About the Bush-Cheney regime's drive toward a
fascist superstate, from Feb 2007

very clearly describe the (bare) essentials of this man,
the essence of a scoundrel.

However 'scoundrel' is not really the right word.

When you think about 800,000 - 1,000,000 dead in
Afghanistan and Iraq, the hundreds of thousands injured and
the widespread misery caused by this terrible 'leader'
(and the smarter evil behind him, Dr Strangelove Cheney)
in his two illegal neo-colonial wars and his war OF terror
on Muslims in many other areas of the world,
wars they wanted and started, then of course 'scoundrel'
does not quite do it.

[Zeppnote: to anyone interested in environmental issues, I strongly
recommend reading the entire article by Tom Knudson -- the Pulitzer
Prize winner journalist who did that series on the Sierra -- at the
link below. What the Alberta government is doing is nothing short of
horrifying

http://www.sacbee.com/101/story/553568.html

Grabbing for oil
U.S. thirst powers push for Canada fuel
By Tom Knudson - tknudson@sacbee.com

Published 12:00 am PST Sunday, December 9, 2007
Story appeared in MAIN NEWS section, Page A18

Print | E-Mail | | Digg it | del.icio.us

Fisherman Eugene Courterielle, in his cabin outside the remote Indian
village of Fort Chipewyan, blames the oil industry for a spate of sick
fish. "You can smell that oil right from (Fort) McMurray to here," he
says. "And what they are burning up there, that falls on the ground.
That's what's killing all the stuff out here." Tom Knudson /
tknudson@sacbee.com

See additional images

On Dec 9, 5:22 pm, "Rev. Huckachuckle" whitehouse.net>
wrote:

http://www.washingtonpost.com/wp-dyn/content/article/2007/12/04/AR2007120402186....

By Steven Pearlstein
Wednesday, December 5, 2007; Page D01

It was Charles Mackay, the 19th-century Scottish journalist, who
observed that men go mad in herds but only come to their senses one by
one.

We are only at the beginning of the financial world coming to its
senses after the bursting of the biggest credit bubble the world has
seen. Everyone seems to acknowledge now that there will be lots of
mortgage foreclosures and that house prices will fall nationally for
the first time since the Great Depression. Some lenders and hedge
funds have failed, while some banks have taken painful write-offs and
fired executives. There's even a growing recognition that a recession
is over the horizon.

But let me assure you, you ain't seen nothing, yet.

On Dec 9, 12:20 pm, rts ziplip.com> wrote:

"Phlip" yahoo.com> wrote in message
news:ceGdnW-JNsZZrsHanZ2dnUVZ_sOrnZ2d@adelphia.com...

Babs prefers clitoral castration to sobriety.

"Doorman" yahoo.com> wrote in message
news:39cb3$475c3b94$4b5a5b7e$18306@ALLTEL.NET...

Perino: 'Once a Bushie, always a Bushie.'
In an interview with the London Times Online, White House press secretary
Dana Perino describes her loyalty to her boss: "Once a Bushie, always a
Bushie." She adds that history will judge Bush kindly: "The president once
said popularity is a puff of air; it can be gone in an instant. What matters
are principles." Karl Rove, also quoted for the piece, can't understand what
Perino doesn't see in men like him, and why she married a British man:

Karl Rove, Bush's former senior adviser, believes Englishmen have all the
luck. "What has Peter got that the average American male like me doesn't
have? An accent? That's not fair. One of our great American treasures has
been taken by the British."

Rove remains close to Perino, although he left the White House in August.
"She has a really sharp mind, fine judgment and a great sense of humour. She
is one of the most talented professionals I've seen," he said.

http://www.timesonline.co.uk/tol/news/uk/article3022248.ece

yes. mass-murder, treason and greed iare the real hallmarks of the Bush
regime, and should be in the forefront of any and all "news", not this
sycophantic cocksucking.

A constant, and I mean constant, theme on Your World w/Neil Cavuto, Fox's
"premiere business news" show, is that "the media" (of which, apparently,
Fox is not a part) consistently fails to report all the good economic news
that's floating around out there. Fox claims that the gloomy mood of the
"purchasing class" is "the media's" fault because it doesn't tell them just
how great things really are. Then again, the way Fox behaves when it
"reports" all that good economic news belies its own spin.

With video.

Take today (December 7, 2007). Instead of focusing on the stock market and
all that good news, host Terry Keenan opened the show with "breaking news"
about a robbery attempt in Pennsylvania that occurred 5-1/2 hours earlier.
From there she went on to two segments about Barry Bonds' not guilty plea
and to two segments about the Clinton/Obama campaigns and Oprah Winfrey. You
get the idea.