George Soros and the progressive democrats he has in his pocket have a goal to destroy the dollar and to push for a global currency. As a result, George Soros would make billions just as he did from his attempt to destroy the British Pound. To accomplish his goal, George Soros and his team of democrats have chosen a messenger who via teleprompter will spread their message and will not oblige to his constitutional obligation to prove that he is a US citizen. Please view
http://www.youtube.com/watch?v=qe2bpV1QlkE To help George Soros push for global dominance, the democrats have created legislations such as the Stimulus Bill, the Equal Pay Bill, the Global Poverty Bill, the Tobacco Bill, the Climate Change Bill, the upcoming Health Reform Bill, the UN sponsored Bill that will force Americans to pay a global tax and whatever else they have hidden in the bills no one has read. If George Soros and the democrats are allowed to succeed, it will increase the deficit by trillions, make the dollar worthless and cause this country to self-distrust.
Wake up America before it’s too late. Please watch this video
cybercorrespondent
http://cybercorrespondent.blogspot.com

The term “shocking” can’t even come close to describe the severity of the financial crises that we are faced with. According to Barack Obama, the only way we can get out of this mess is for this country to adapt socialistic values and enforce socialism by gaining control of all three branches of government. I’m sure that the mountain of money his campaign has collected from domestic and foreign donors, names the Obama campaign won’t disclose, will be used for that purpose. As soon as total control is gained, organizations like ACORN will have a green light to further abuse the law to suppress free speech, control the outcomes of elections and brain wash children in schools to believe that socialism is the answer to all of our problems. With total control of the government, and help from people like Bill Ayers, Rev. Wright and Antoin Rezko, who will probably be pardoned, achieving the ultimate goal, “a life of sexual confusion and moral collapse” will become a strong possibility.
The proof that socialism, or spreading the wealth around does not work can be seen by examining ACORN and its accomplishments by manipulating bancs to make loans to minorities with bad credit. By using charges of racism and threats to use CRA to block business expansions, ACORN and Obama already contributed to the crises we are in today and finding new ways to distribute the wealth will only make the situation much worse. His idea to put a three-month moratorium on foreclosures will further weaken the already fragile banking industry and only benefit delinquent homeowners by allowing them to live rent-free.
In order for our economy to start prospering again, we first need to elect an honest leader who is determined to stamp out the corruption in government and to stop the leftist movement from destroying the middle class. The hard working people can no longer be expected to keep giving until they themselves have nothing left to give.

Cybercorrespondent
http://cybercorrespondent.blogspot.com

The big deal is the high defect rate, which indicated very poor quality control in the voter registrative process.

If a private company produce goods and products with defect rate of over 3%, it will have risk of closing their business due to high consumer returns, high compensation claims.

Acorn produce services with extremely high defect rates, lawmakers continue to grant or allot tax payers' money to them.

I wonder whether Acorn's voter registration registering in extraordinary high percentage of demorcrats among the registration, and whether the Acorn is higher than national ratio by a large degree consistently.

http://www.youtube.com/watch?v=puN9X1mVgRA ……..

http://www.youtube.com/watch?v=vjvBEKrGkDI …….

Back to my point. By allowing the voter fraud to go on, makes this great country look like a third world dictatorship. We are supposed to send an example to the rest of the world how honest elections are held and not allow the media to distort the facts. Please people, wake up and tell the media no more. Boycott all the products advertised on publications like the Newsweek, Time magazine and other propaganda machines like the New York Times. Also do the same with CNN and other communist propaganda news sources. Even the Fox News network is starting to sway the viewer decision. After Thursday’s presidential debate, watching Chris Wallace interview a communist from Saint Louis made me sick. Even bad journalists should realize that when you ask a communist or a skin head to give you their views, you can pretty much expect what they are going to say.
I certainly had enough of all of the $%#@Comunism.org
Cybercorrespondent

http://www.youtube.com/watch?v=puN9X1mVgRA ……..

http://www.youtube.com/watch?v=vjvBEKrGkDI …….

Back to my point. By allowing the voter fraud to go on, makes this great country look like a third world dictatorship. We are supposed to send an example to the rest of the world how honest elections are held and not allow the media to distort the facts. Please people, wake up and tell the media no more. Boycott all the products advertised on publications like the Newsweek, Time magazine and other propaganda machines like the New York Times. Also do the same with CNN and other communist propaganda news sources. Even the Fox News network is starting to sway the viewer decision. After Thursday’s presidential debate, watching Chris Wallace interview a communist from Saint Louis made me sick. Even bad journalists should realize that when you ask a communist or a skin head to give you their views, you can pretty much expect what they are going to say.
I certainly had enough of all of the $%#@Comunism.org
Cybercorrespondent

http://www.youtube.com/watch?v=vjvBEKrGkDI

A concerned citizen

Lets examine Obama’s connection with an accused political fixer Antoin “Tony” Rezko. The following is on explanation by Brian Ross and Rhonda Schwartz from ABC News. “In sharp contrast to his tough talk about ethics reform in government, Sen. Barack Obama, D-Ill., approached a well-known Illinois political fixer under active federal investigation, Antoin “Tony” Rezko, for “advice” as he sought to find a way to buy a house shortly after being elected to the United States Senate. Rezko had been widely reported to be under investigation by the U.S. attorney and the FBI at the time Obama contacted him and has since been indicted on corruption charges by a federal grand jury in a case that prosecutors say involves bribes, kickbacks and “efforts to illegally obtain millions of dollars.”
Because Barack Obama was a dependable ally of subsidized developers in the Legislature, his friend and fund-raiser Rezko depended on him to get things done such as cosponsoring a bill in 2001 allowing developers to pocket half of the proceeds from selling state tax credits to others. Obama admitted that his decision to involve Rezko was “a bone-headed mistake.” What he failed to mention is that he has a closet full of bone-headed mistakes such as Peter Wallsten pointed out in the Los Angeles Times on
January 24, 2008.
“Barack Obama angered fellow Democrats in the Illinois Senate when he voted to strip millions of dollars from a child welfare office on Chicago's West Side. But Obama had a ready explanation: He goofed.

“I was not aware that I had voted no,” he said that day in June 2002, asking that the record be changed to reflect that he “intended to vote yes.”
That was not the only misfire for the former civil rights attorney first elected to the state Senate in 1996. During his eight years in state office, Obama cast more than 4,000 votes. Of those, according to transcripts of the proceedings in Springfield, he hit the wrong button at least six times.”

Now comes the big question, what exactly does a community organizer do?
One thing Barack Obama did as a community organizer was pressure banks to make bad loans. In Barack Obama’s youthful community organizing days he joined a group called ACORN. Using the Community Reinvestment Act which was designed to encourage banks to make loans to high-risk borrowers, ACORN started abusing the law by forcing banks to make hundreds of millions of dollars in 'subprime' loans to minorities with bad or no credit. Using charges of racism and threats to use CRA to block business expansions have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.
Other things that ACORN did as community organizers were agitate for higher minimum wages, attempt to thwart school reform, try to unionize welfare recipients who are obliged to work in exchange for benefits and organize voter registration drives. In 2006 for example, their voter registration drive in Washington produced 1,800 new voters of which 1,794 names submitted were fake. The secretary of state called it the “worst case of election fraud in our state’s history.”
If you like to know more, watch these two videos.
http://www.youtube.com/watch?v=nRmB93McZeI
http://www.youtube.com/watch?v=_MGT_cSi7Rs

Cybercorrespondent
http://cybercorrespondent.blogspot.com

I always had a problem with the subprime loan because they set a really high margin over the index they used to adjust. Let my explain. If the index is LIBOR (London Interbank Overnight Rate) which is a common index and a lot like our prime rate, then a subprime loan on it's first adjustment would go to 6 or so points over LIBOR, while an A paper loan that adjusts would be at 2.5% above prime. The reason for the discrepency is so that when the subprime players would sell these loan packages on Wall Street, the Return on Investment would technically be higher for these loans due to the high margins. In my opinion, this was the major damage done by subprime loans. The good thing is that banks are willing to negotiate with most borrowers nowdays if they get proactive and talk to them. The problem is that people get behind and just walk too often.

Now here is where the real bad news hits. The real fraud in my opinion were these 1 and 2% pay rates sold as 1 and 2% interest rates. People just weren't sophisticated enough to realize that when they got a 1% option arm they were really paying 7.5% in a 6% market. Every person in the country that bought an Option Arm could have gotten a fixed rate at about 1.5% less than the real interest rate they were paying. These loans were most popular in places like California where homes were being bought at the average of 13 years of someone's income when the rule of thumb is to buy 3 times your income. The majority of these have still not adjusted, but when they do, Katy bar the door. I feel that brokers that sold these loans should be ashamed. They knew that they were duping their customers and making them think they had a 1% interest rate. Heck there were ads on the progressive radio stations touting those lies daily. And guess what, you could make a lot more money as a broker with those loans percentage wise than any other loan available.

All this being said, and being a progressive, a lot of the Barney Frank and Eliot Spitzer legislation is terribly damaging to the consumer. The road to hell is paved with good intentions and this legislation will monopolize the mortgage industry with a handful of players controlling the industry and the little guy being knocked out. Bank of America is the number one player behind most of the new legislation and believe me it is not because they have the consumers best interest in mind.