Infinite Unknown

Consider this:

- Fannie Mae Knew About Toxic Mortgages in 2003!

- Former Assistant Secretary OF Housing Catherine Austin Fitts: ‘It’s Time to Bring Our Mortgages Home’

- 97 Percent Of All US Mortgages Are Backed By The Government

- Fannie Mae And Freddie Mac Worst Case Scenario Is $1 Trillion!

- Tickerguy On Dylan Ratigan Show – Massive Fraud At The Highest Levels!

- Report: Fannie Mae, Freddie Mac Bailouts Could Hit $363 Billion

- Bank of America: Thrilled to Pay $3 Billion Penalty – Freddie Mac Putbacks Resolved for 1¢ on $

- US Taxpayers on Hook for $5 Trillion of Fannie, Freddie Debt … No Matter What Barney Frank Says

- Obama Administration Using Accounting Gimmicks That Would Make Enron ‘Blush,’ Says Republican Lawmaker

- Fannie Mae loss widens, asks taxpayers for $7.8B (AP, Nov 8, 2011):

WASHINGTON (AP) — Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to cover its losses in the July-September quarter.

The government-controlled company said Tuesday that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed.

The government rescued Fannie Mae and sibling company Freddie Mac in September 2008 to cover their losses on soured mortgage loans. Since then, a federal regulator has controlled their financial decisions.

Taxpayers have spent about $169 billion to rescue Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The government estimates that figure could reach up $220 billion to support the companies through 2014 after subtracting dividend payments.

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Tags: Economy, Fannie Mae, Global News, Government, Mortgage crisis, Mortgages, Obama administration, Politics, U.S.

Flashback.

YouTube Added: 08.06.2011

Tags: Alan Grayson, Bank of America, Banking, Economy, Foreclosures, Fraud, Global News, Government, Mortgage crisis, Mortgages, Politics, Society, U.S.

- Could they have stopped the credit crunch? Fannie Mae knew about dodgy mortgages in 2003, says report (Daily Mail, Oct. 4, 2011):

Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms as early as 2003 but did not act to stop them, a government watchdog has said.

But it wasn’t until mid-2010 before the company’s overseer began to scrutinise the conduct of some of the law firms when news reports emerged of dubious practices, a report revealed today.

An unnamed shareholder warned Fannie Mae of alleged foreclosure abuses in 2003, the inspector general of the Federal Housing Finance Agency (FHFA) said in the report.

Fannie Mae responded by hiring a law firm to investigate the claims in 2005, which reported it had found foreclosure attorneys in Florida ‘routinely filing false pleadings and affidavits’ the following year.

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Tags: Economy, Fannie Mae, Foreclosures, Global News, Mortgage crisis, Mortgages, U.S.

Flashback:

- ‘Welcome to the Recovery’: Why Another 11 Million Mortgages Will Go Bad

- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

- If it doesn’t do something about its underwater mortgages, America could sink without trace (Guardian, Oct. 2 2011):

Stimulating the economy is all very well in the short term. But the national legacy of unpayable property debt will weigh the US down for years

It’s now more than six years since Alan Greenspan, in the days when he was still known as the “maestro” of the world economy, conceded that there might be a little “froth”, perhaps even a few “local bubbles”, in the American housing market.

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Tags: Alan Greenspan, Barack Obama, Ben Bernanke, Economy, Fed, Federal Reserve, Global News, Government, Mortgage crisis, Mortgages, Obama administration, Politics, Society, U.S.

For your information…

- [MAXIMUM ALERT] Neptunium 239 Potentially Detected In Saint Louis 9/14/11 Radioactive Rainfall (Sep. 16, 2011):


YouTube

The source has a calculated average 2.4 day half life. The half life matches Neptunium 239. Np239 decays into Plutonium 239.

IF WE ARE LUCKY, the source will not be Americium 243 but rather Uranium 239 (in Fukushima); given the 2.4 day half life of Np 239, it is possible that source came directly across the jet-stream as Np-239. The result would be higher levels of Np-239 and Plutonium 239 the further west one went from Saint Louis.

Otherwise, the source would probably be Americium 243 created in the MOX fuel reactor at Fukushima Unit 3.

UPDATE 9/17/11:

The video below records raw data being taken from the 1.33 mR/hr radioactive rainfall which fell in Saint Louis, Mo on 9/14/11. This data was taken after shorter half life contamination had mostly burned off.

The data shown is from one hour total count readings taken of the radioactive source, and local background. The raw data from the later part of the video has yet to be fully analyzed.

YouTube

STAY OUT OF THE RAIN!

 

Tags: Environment, Global News, Government, Health, Japan, Mortgages, Neptunium, Neptunium-239, Nuclear reactors, Plutonium, Radiation, U.S.

YouTube

- Neptunium-239 (Decays Into Plutonium-239) Potentially Detected In Saint Louis Radioactive Rainfall (09/14/2011)

Tags: Environment, Global News, Government, Health, Japan, Mortgages, Neptunium, Neptunium-239, Nuclear reactors, Plutonium, Radiation, U.S.

Recommended ‘extensive roundup’ here:

- Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other (AmpedStatus, Sep 3, 2011):

Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup:

…

Tags: AIG, Bank of America, Banking, Economy, FDIC, Fed, Federal Reserve, Financial Crisis, Global News, Goldman Sachs, JPMorgan, Mortgage crisis, Mortgages, Stock Market, Wall Street, Wells Fargo & Co.

- Bank of America ‘called grieving widow 48 times a day to remind her of husband’s debt’ (Daily Mail, Sep 3, 2011):

Bank of America bombarded a grieving widow with calls up to 48 times a day to remind her that her recently deceased husband had missed a mortgage payment, it is claimed.

Deborah Crabtree, from Honolulu, Hawaii, is suing the bank after she said she was called by debt collectors as often as every 15 minutes including during the wake for her husband.

According to papers filed in Hawaii, Mrs Crabtree told the bank that she would pay the debt as soon as she received her husband’s life insurance pay out, but the bank continued to threaten to foreclose on her home.

The bank told the widow that it was unable to stop the calls until the debt was paid as they were computer generated.

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Tags: Bank of America, Banking, Debt, Economy, Global News, Mortgages, Society

- It’s Time to Bring Our Mortgages Home – Your Municipality and Community Venture Fund is the Ideal Investor for Fannie, Freddie & FHA Defaulted Mortgages (Solari, August 29, 2011):

By Catherine Austin Fitts (in the first person) and Carolyn Betts

The Administration is now proposing the transfer of significant defaulted mortgages and foreclosed properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (“FHA”) to large national institutional investors.

A Huge Housing Bargain — but Not for You
The Street (18 Aug 11)

White House Seeks Ideas to Shrink Foreclosure Glut
Catherine, News & Commentary (11 Aug 11)

Enterprise/FHA REO Asset Disposition (PDF)
RFIFinal (10 Aug 11)

Such a transfer is not economic — other than for the large investors and to serve a wider agenda of social control and engineering, including gentrification of numerous areas whose former residents were fraudulently induced and evicted with the use of these mortgages.

I served as FHA Commissioner (See: Austin Fitts Better be Good With Hammer and Nails) during the first Bush Administration and then, several years later, my company, Hamilton Securities Group, served as the lead financial advisor to FHA, providing portfolio strategy advice with respect to $400 billion of financial liabilities and assets, including over 50,000 of foreclosed properties held by the government as the result of mortgage insurance claims for defaulted FHA-insured mortgages.

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Tags: Barack Obama, Catherine Austin Fitts, Debt, Economy, Fannie Mae, FHA, Freddie Mac, Global News, Government, Mortgage crisis, Mortgages, Obama administration, Politics, Society, Taxpayers, U.S.

Flashback:

- Former Assistant Secretary of the US Treasury Dr. Paul Craig Roberts: Revolution is the Only Answer (For Greece, Ireland etc.)

- Families in modern Ireland skip food to pay the mortgage (Irish Independent, August 28, 2011):

FAMILIES in modern Ireland are going without food to meet the demand of mortgage debt.

The arrival of the second wave of the economic crisis, giving rise for the first time in many decades to the spectre of hunger, has caused shock across the country.

The decision of homeowners to choose hunger over a fear of eviction helps expose as irrelevant the issue of “moral hazard”, the defence of policymakers who resist calls for debt forgiveness.

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Tags: Economy, Food, Global News, Government, Ireland, Mortgages, Politics, Society