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POPSThe Nouveau Poor Have Reached Numbers Too Large to Ignore "Talking about a revolution ... hey, hey ... you know." Remember when *you* were a poor hippie with a mattress on a floor somewhere? Welcome to the Future Past. The thing is, it was a lot of fun, then. No burdens, no mortgage, no car and lots of time to do just what you want ... or do nothing at all. Why shouldn't it be again? The Nouveau Poor will have to live a much more planet-friendly lifestyle, too, outside the Matrix economy.
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POPSSherriff Stops Evictions in Home Foreclosures
Although this may almost sound like "non-news," to some, it is incredibly dramatic, not so dramatic as parts of the French Army joining the rebels in the French Revolution nor so dramatid as the Russian Army joining the revolutionaries against the Czar during WWI --- but it is an "officer of the law," saying he's not going to obey the law to evict people from their homes -- during this economic crisis where now home foreclosures have tripled from just two years ago. The rather dramatic headline, though, is misleading (even though I like dramatic headlines like this myself.) In fact, while the sheriff's actions are not so dramatic (in a way)...but his real actions are far more clever: He is Slowing Down Evictions. This way, #1, he won't get fired. #2 his extra demands for documentation and total paperwork requirements could give folks at least a half-a-year before police would actually show up at their door. Smart. And protects true innocents: renters of homes being forclos
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POPSFollow The Money $625,000. Other People's Money. Senator Obama and his wife, Michelle, purchased a $1.65 million Georgian revival mansion in Chicago, where they now reside. While wealthy Syrian-born Chicago slumlord Tony Rezko was already known to be under federal investigation, the senator approached Mr. Rezko about purchasing the two adjoining properties, then toured the home with Mr. Rezko (now a convicted felon on those charges). Soon after Senator Obama bought the mansion for $300,000 less than the asking price. On the same day, Mr. Rezko's wife purchased the adjoining vacant lot for the full asking price of $625,000. $75,000. Other People's Money. Senator Obama served as a paid director to a "progressive" Chicago-area non-profit organization, the Woods Fund, from 1999 until almost 2003. William C. Ayers -- who, despite the senator's protestations to the contrary, is a long-time friend and political ally
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POPSBlame the Victim: Poor People Broke the System The officials drawn from Wall Street who now control of the Treasury and Federal Reserve repeat the right-wing Big Lie: Poor “subprime families” have brought the system down, exploiting the rich by trying to ape their betters and live beyond their means.
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POPSL.A. Times Cuts Out McCain’s Remarks About Economy Then Quotes Barack Obama Saying McCain is Scared to Talk About the Economy "Our current economic crisis is a good case in point. What was his actual record in the years before the great economic crisis of our lifetimes?" At which point McCain launched into the amazing speech quoted by Ed Morrissey at Hot Air, during which he laid out the case, at great length, for the Democrats’ responsibility for the mortgage crisis. Does the L.A. Times report one word of that? No. Instead, they cut the quote of McCain’s speech short there, right before he talks about the economy, and proceed to quote Obama as claiming that McCain is scared to talk about the economy: Speaking with reporters in Asheville, N.C., where he is studying for Tuesday’s debate, which is to focus on the economy and domestic issues, Obama pointed to recent reports that the McCain camp wanted to get away from economic issues, a topic that polls show benefits the Democrats.
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POPSGoldman Sachs The Next Bubble But it was only in 2000 and 2001 that the foundation gave money to the Climate Exchange -- funds deemed by the exchange itself to be fundamental to its successful launch, and in fact to its early survival. Having survived, thanks to the million-dollar bailout from Obama and the Joyce Foundation, the Chicago Climate Exchange went on to merge with Climate Exchange Ltd in 2006. Goldman Sachs took a 10% stake in the firm at the time and later increased its holdings to at least 19%. CCX is also 10% owned by Generation Investment Management, a firm founded and chaired by Al Gore and co-founded by the above-mentioned former Goldman CEO, Hank Paulson. According to EnergyRisk.com, "Goldman Sachs is a major trader of European Union allowances and is set to be a key player in the US emissions markets that are planned to start up at the end of the decade."
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POPSIs Something Big About to Happen (ACORN Obama and more!) (5) One favor political Chicago claims Obama did for the Giannoulias family was in 2006 when, out of the blue, 29 year old Alexi Giannoulias, with no experience, and without ever having voted before, decides to run for State Treasurer of Illinois. Also out of the blue, Barack Obama endorses Alexi Giannoulias for State Treasurer. This was a SHOCK to everyone in Chicago — and Giannoulias would have never become State Treasurer without Obama’s help. In political circles here, it has always been believed that this endorsement was bought years ago with that sweetheart mortgage deal Broadway Bank arranged for Obama to buy his town house. (6) So, the Tony Rezko sweetheart deal was not the first magic home loan Obama ever received to buy a house he could not afford. Somethings Up!: Updated 10/12/08 http://www.theabsurdreport.com/2008/somethings-up/
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POPSBaltimore Homeowner To Sue ACORN For Burglary ~ Tea Party USA Watch ~ I warned about the ACORN civil disobedience mob working in ideological tandem with Barack Obama to bully Washington into passing a massive new foreclosure prevention/mortgage entitlement scheme.On Feb. 20, I noted that ACORN garnered nationwide media attention for breaking and entering into a foreclosed home in Baltimore at 315 South Ellwood Ave. ACORN vows to use “any means necessary” to stop foreclosures. Baltimore police have taken fingerprints at the break-in site and the current owner, William Lane, says he will sue ACORN. The home was sold in June 2008 for $192,000. This morning, ACORN official Louis Beverly will face a burglary charge. Look for the Left to turn him into a martyr. It is not your home, ACORN.
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POPSBigPicture=Acorn+Fannie+SubPrimeGoneMad 1993,Congress gave Fannie and Freddie the go-ahead to finance it all by buying loans from banks, then repackaging and securitizing them for resale on the open market. "We have to use every means at our disposal to end discrimination and to end it as quickly as possible," Clinton's comptroller of the currency, Eugene Ludwig, told the Senate Banking Committee in 1993. Wall Street eagerly sold the new mortgage-backed securities. Not only were they pooled investments, mixing good and bad, but they were backed with the implicit guarantee of government.
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POPSHUD Admits Unqualified Borrowers Would Increase Risk Of Defaults Watch this video. Send the link to friends. We are on the verge of rewarding the party and the man who laid the groundwork for this fiasco with control of the government. Yes, Wall Street was greedy, but the Democratic Party and people like Barack Obama, Barney Frank, Chris Dodd, Greg Meeks, Franklin Raines and so many more plowed the field so that greed could grow. Remember that on election day. Get angry. :mad: LINKS: More from AJ Strata, who notes Obama saying that the point was to spread the risk not just across America, but the globe. That turned out real good, didn't it?
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POPS15 Horror Movies That Socialist Could Love Tales from the Hood: Three gang bangers from the hood try to rob a funeral home, and discover the undertaker is all lot more than they bargained for. The People Under The Stairs: A family of rich white people live locked up in a giant mansion in the middle of the ghetto. Neverwhere: It turns out that all those crazy homeless people that you see on the street and in the subway are not crazy at all. Candyman: The ghost of a black man murdered for falling in love with a white woman in the 19th century haunts the housing projects of Chicago There’s more. Pretty funny stuff. I always thought this type of horror film should be re-classified as comedy.
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POPSHundreds Swept Up In Mortgage Fraud Arrests In separate arrests, two former Bear Stearns managers in New York were indicted Thursday, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market. Mortgage foreclosure rescue scams, which promise to help struggling homeowners stave off foreclosure and keep their homes, also have become a major problem, officials said. Typically, unsuspecting owners sign over their homes and then find they are victims of fraud. Officials declined to say who might be the next corporate target, but Mueller said the investigations focus on accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments. Under review for potential fraud are: investment banks, hedge funds, credit rating agencies, brokerage houses and due diligence firms - which evaluate loans packaged into investments.
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POPSObama Pro Quo Senate Budget Committee Chairman Kent Conrad, D-N.D., who also chairs a subcommittee that oversees taxation and IRS oversight, had to donate $10,700 in loan savings from Countrywide when his deal came to light. Obama's veep vetter James Johnson quit after his Countrywide arrangement became known. Yet another Democrat's sweetheart mortgage deal is exposed — and this time it's the party's standard bearer. What could Sen. Barack Obama do for a lender in exchange for more than $100,000? Plenty. If Obama is animated by high ideals for the future, why are we finding so many lowdown deals in his past?
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POPS Rezko Attorney 'Owns' Obama Mansion Records from the Cook County Treasurer's Office give the PIN number for the Obama property as 20-11-115-037-0000 and list Miceli as the person who receives Obama's property tax invoice by mail. Rosslyn Whitlock, an Internet support specialist at the Cook County Recorder of Deeds, confirmed to WND that the office has no information listed for the Obama home under the PIN number 20-11-115-037-0000, the number used by the Cook County Assessor's office for property tax purposes. Records at the Cook County Recorder of Deeds list Rita Rezko as the holder of the warranty deed for the vacant lot at 5050 S. Greenwood adjoining the Obama mansion, under the PIN number 20-11-115-036-0000. Records with the Cook County Recorder of Deeds under the PIN number 20-11-115-034-0000 indicate the mortgage is held by Northern Trust Company under trust number 10209, which Obama has indicated was the trust the Obama family used to purchase the home.
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POPS Saving America From Obama of the US Communist Party, unrepentant former Weather Underground terrorists, and a minister who preaches anti-Americanism. The head of the Black Muslim movement, Louis Farrakhan, recently declared him to be the “messiah.” We have learned too of his association with the Association of Organizations for Reform Now (ACORN) initially as a “community organizer”, but ACORN is now revealed to have profited greatly from the Democrat programs that required banks and mortgage firms to make loans to the poor. It has led to the present financial crisis. ACORN is being investigated for massive voter registration abuses. Obama was closely associated with Antoine “Tony” Rezko, a convicted Chicago real estate developer who was a major political contributor. One would think that what we already know about Obama would be sufficient to dismiss him as a serious candidate for the presidency of the United States, but I am just as concerned about what we don’t know.
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POPSMerchant Marine Organizers Demand Their Bailout Here's Robert Gibbs, the most brilliant, educated, smartest, quickest, wittiest press secretary ever: GIBBS: The president has followed the situation closely, has gotten -- got updates throughout yesterday and today, and obviously his main concern is for the safety of the captain and the rest of the crew on the ship. And he will continue to -- to receive those updates. He's staying apprised of the situation. RUSH: Yeah, he's staying apprised of it. He's out there acting like an infomercial salesman trying to sell his new mortgage plan yesterday, keeping his distance here from the merchant marine organizers. But he's keeping tabs on the situation. We're all staying apprised of it, by the way. Experts: Possible ransom may protect US hostage Capt. Richard Phillips http://www.google.com/hostednews/ap/article/ALeqM5ihTBWxj48eITQzk5GxGgEKhre26AD97FTPH00
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