DEN OF THIEF’S CEO OF BANKRUPT MORTGAGE COMPANYS

• LEHMAN BROS. CEO RICHARD FULD-$22MILION RETIREMENT
• BEAR STEARNS.CEO JAMES CAYNE-    $60MILLION-STOCK SALES
• AIG CEO “3 MONTHS”-ROBERT WILLUMSTAD $7MILLION
• FREDDIE MAC CEO RICHARD SYRON-$15.5MILLION
• COUNTRYWIDE CEO ANGELO MOZILO-$250MILLION
• FANNIE MAE CEO DAN MUDD-$8.4MILLION
• MERRILL LYNCH-CEO’S-STANLEY O’NEAL “FORMER CEO” $157MILLION
• JOHN THAIN CEO-$11MILLION
• THOMAS MONTAG CEO-$76MILLION
• PETER KRAUS CEO-$97MILLION’S
• THESE PEOPLE WILL WALK AWAY WHILE THE AMERICAN TAXPAYER PAY’S!!!!

MICKMCK707

INDEPENDENT AMERICAN NATION

Preserving An Independent American Nation

“The globalists, with their ideas of a common currency here in the United State with a North American Union and a NAFTA Superhighway are after our sovereignty, our freedom and our national independence.”
—Chuck

President Reagan said, ‘A nation without borders is no nation at all.’ He was right, of course, and now the globalists are seeking to erase our borders and merge the United States into a North American Union with Canada and Mexico that would be the end of the United States as a sovereign nation and would be a stepping stone toward the merger of the United States into a World Government dominated by the United Nations.

“As President, I would take the preservation of our nation’s sovereignty and independence extremely seriously. This means that the burgeoning North American Union is dead on arrival the day I am sworn in as President. Upon taking office I would request that Dr. Jerome Corsi, the foremost expert on the danger posed by the North American Union, accept a special assignment to ensure that every single “working group” and any other bureaucratic remnant of the Security and Prosperity Partnership (under whatever name) be completely eliminated from every Federal agency so that this danger is put to rest for good.

“Gone, too, is the NAFTA superhighway. And for that matter, I would lead the United States out of NAFTA and CAFTA altogether. And any prospect for the FTAA would be dead as well.

“I oppose all international trade agreements which have the effect of diminishing America’s economic self-sufficiency and of exporting jobs, the loss of which impoverishes American families, undermines American communities, and diminishes America’s capacity for economic self-reliance, and the provision of national defense.

“We see our country and its workers as much more than bargaining chips for multinational corporations and international banks in their ill-conceived and evil New World Order. At every turn I will stand up for the economic security and well being of the American people and for the independence and sovereignty of our American republic.

navy seals-operation “just cause”

The SEAL assault on Patilla Airfield during Operation Just Cause 
 
(courtesy US Navy)

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In 1989 the United States invaded Panama. During the invasion, the US Navy SEALs were tasked with two missions. The first, to disable a boat General Noriega might use to escape, was successful (It was “disabled” by putting so much explosives under the hull that one engine was never found!). The second was not, to the tune of four SEALs killed and eight seriously wounded. It is this second incident we will focus on.

The failure of this mission started during the planning process. The original plan called for Army units to be air lifted into key areas. But the Navy command was unhappy that none of their units got to share in the action, so SEAL Team 4 was given two missions one of which probably should have been assigned to the Army Rangers. The second mission SEALS were tasked with was disabling Manuel Noriega’s Learjet at Patilla Field to prevent him from escaping in it.

Originally, the plan called for 48 SEALs in two platoons to be towed near the cliffs at the end of the runway. The SEALs would then move the 3,500 ft. length of the airfield up to the hangar the lear was kept. One squad would disable the lear while another would pull small airplanes onto the airstrip to prevent it from being used. The others would be used to provide security at the north and south end of the fields.

The planner of the mission, Commodore John Sandoz, had asked an experienced SEAL under his command, a Lieutenant Commander Mike Walsh, to review his plan. Walsh had recently returned from a three half year tour in Panama and knew both the country and its current situation well. Walsh almost immediately rejected the original and offered three different plans of his own.

The first was to drive a team of eight SEALs to the fence of the airfield in a vehicle disguised to look like one of the many canal zone vehicles in the area. Previous reconnaissance would have located a hole in the fence the SEALs could use to gain access to the field. Four SEALS would remain behind as vehicle and fence guards while the remaining four would move to the hangar, take care of any guards in the hangar with sienced MP5s, and then disable the plane.

The second plan was to infiltrate a SEAL sniper team into the airfield and have them take position on top of the airfield’s cafeteria. This position would give them a commanding view of the main doors to the hangar as well as the rest of the airfield. Only if the plane was about to move out would the SEALs open fire, disabling it with rounds into the cockpit ot tires.

The third and best plan involved the same two-man SEAL sniper team, but would base them from an apartment rented next to the airfield. This plan would involve the least amount of danger to the SEAL operators and was more in-line with how SEALs normally operate.

All three plans were shot by Commodore Sandoz. The original plan would be implimented. Lt. Cdr Walsh refused to sign an endorsement for Sandoz’s plan and was moved from operations to logistics for his refusal.

H hour for the invasion was set for 0100. The PBR from SBU-26, with CRRCs in tow, left the dock at Rodman 2000 hours on Decemer 19, 1989. The SEALs were armed with an impressive array of weapons. Not only were pistols and M-16/203 combos carried, but several team members had the then-new M-249 Saw or M-60 machine gun. Rounding out their arsenal were fragmentation grenades, claymore mines, and AT-4 anti-tank rockets.

At 0045, the mission commander was notified that H hour had been moved forward 15 minutes (fighting had broken out early between Panamanian and American forces). The element of surprise lost, the SEALs continued towards their objective. A second problem was that the USAF Combat Controllers attached to the SEALs had not been able to raise the AC-130 Spectre assigned to provide supporting fire if needed.

Other problems began to crop up as the reached the shore and assembled on the edge of the runway. There was no cover. The runway was well lit by landing lights and backscatter from the city. Worse yet, the administration building and hangar itself were well lit. And fire from the nearby city began waking up houseguards in buildings surrounding the field. On the positive side, a SEAL surveillance team had occupied a rented apartment across from the field earlier in the day and could give them realtime intelligence about troop and vehicle movements.

So far, things had gone well. Bravo Platoon had disarmed several guards and had began to drag light aircraft onto the runway. As they did, the two squads of Golf Platoon made their way up the field. Radio calls came in; one reporting that a helicopter had left Colon heading for Patilla–possibly carrying Noriega. The second relayed that several PDF armed cars mounting 90mm cannon were possibly heading to the north end of the field.

About this time, the houseguards in the buildings surrounding the airfield noticed members of Golf Platoon’s unprotected dash up the field. Using portable radios, they notified guards in the hangar and then took aim on the SEALs below. The hangar guards, now awake, quickly dressed and took up defensive positions in the hangar.

The two squads took up position, the first within 100 feet of the hangar, the second slightly behind and to the side of the first. A call came out from the hangar for the SEALS to surrender. A SEAL responded by demanding the Panimanians surrender to the SEALs. Realizing they were in a bad position on a brightly lit field, the first squad tried to relocate. Then several long bursts of fire came out from the hangar.

In the initial volley of fire, all but one of the SEALs were wounded. The houseguards across the airfileld also began to fire upon the SEALs, putting them in a deadly cross-fire. Some of the SEALs were now dead, and those that weren’t were having a hard time dealing with their wounds and getting out of the heavy rucks they’d brought with them.

The second squad of Golf platoon began to attemp to lay down a protective cover as Bravo Platoon and members of the command and control element rushed to the hangar. The USAF Combat Controllers had just made contact with the gunship, but they had been kept with the command and control element of the SEALs and were too far away to provide assistance.

Surviving members began to drag the casualties away, several becoming casualties themselves in the process. Lt Phillips from Golf’s second squad ordered the Learjet to be taken out by rocket. The AT-4 hit the aircraft cleanly, destroying any chance of it being used to escape. A medevac was reported as inbound, but wasn’t actually released from Howard AFB (only ten minutes away for another hour and a half.

Killed were Lt. John Connors, CPO Donald McFaul, Torpedoman’s Mate 2^nd Class Issac Rodriguez, and Botswain’s Mate 1^st Class Chris Tilghman. Rodriguez had only been a SEAL for one week. Eight other SEALS had been seriously wounded. 

Clearly, the tradgedy at Patilla was the fault of poor planning. But there were many factors that played into the events that took place, and many questions that should be asked. Why weren’t the Rangers given this mission? Why did the Naval command decide to use such a large operating force? Why was the advice of an experienced operator and decorated SEAL ignored? Could the gunship had provided enough cover and broken Panimanian resistance had it been in contact with the team?

The operations during Just Cause should have been tasked to the units that specialized in that type of operation. The SEALS were a logical choice in the assault on Noriega’s boat, but the Army Rangers should have been given the Patilla mission. Given that the SEALs got the mission, the senior staff should have come up with a better plan that was less risky, and the SEALs leading the team should have refused the mission as it was planned and developed a new plan using methods more in-line with SEAL doctrine. A smaller force should have been used. A sniper team could have taken out the lear and prevented any other aircraft from using the field. The SEALs should not have tried a conventional assault on an open, coverless airfield.

In memory and appreciation of those that lost their lives serving our country during Just Cause.

---

Sources:

AMERICIAN TAXPAYERS-”ATM”

Mega-Banks Use the Uncle Sam ATM

The banks and financial institutions to whom Americans have trusted their money now need a bank of their own. And they’re more than happy to wait in line for the Uncle Sam ATM. Bear Streans withdrew $29 billion. Fannie Mae and Freddie Mac teamed up to take $200 billion of government cash. Now AIG’s getting a modest $85 billion.

One reason the government’s so willing to part with this taxpayer cash—and its expected to dole out a trillion dollars by the end of the year—is that these same companies have been wielded their own cash on Capitol Hill for years. Even in dire financial straits, they’ve been hefty campaign contributors and big-time lobbyists throwing lavish parties for our “leaders.” So the American people get what they always get: The Best Government Money Can Buy.

BARNEY FRANK & CHUCK SCHUMER-ROLE IN FAILURE OF FANNIE MAE & FREDDIE MAC

Below is an editorial that appeared in the New Hampshire Union Leader that talks about Barney Frank and Chuck Schumer and their roles in the failure of Fannie Mae and Freddie Mac.

 Here is the editorial in it’s entirely:

One month from tomorrow, U.S. Rep. Barney Frank, D-Mass., will be the keynote speaker at the New Hampshire Democratic Party’s annual Jefferson-Jackson dinner. It is a coveted and high-profile role previously filled by such notables as Hillary Clinton and Al Gore. The Democrats’ choice of House Financial Services Committee Chairman Barney Frank is, therefore, very revealing.

The party announced Frank as the keynote speaker on Sept. 11 — three days after the U.S. government took control of Fannie Mae and Freddie Mac, costing taxpayers untold billions. That takeover probably could have been prevented had Frank not worked to thwart every attempt to limit the risks taken on by the two government-sponsored mortgage giants.

For 16 years reformers in Congress have tried to improve oversight of Fannie Mae and Freddie Mac and prevent the government-chartered companies from putting the housing market and the whole economy at risk. All that time, Frank was involved in efforts to block those attempts, and in the last eight years he was a leader of those efforts.

In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, “I do not regard Fannie Mae and Freddie Mac as problems,” The Wall Street Journal reported. After the Freddie Mac accounting scandal in 2003, Frank said, “I do not think we are facing any kind of a crisis.”

But there was a crisis, thanks in large part to Frank, Sen. Charles Schumer and others on the leash of these companies. In Congress, they made sure there was no additional oversight, no additional limit on executive behavior and compensation, and no further restraint on the growth of the companies’ mortgage-backed-securities portfolios, among other changes.

(All of these needed reforms, by the way, have been championed for years by Sen. John Sununu.)

In fact, Frank & Co. made matters worse by pushing Fannie Mae and Freddie Mac to take on greater risk. They wanted more loans to people who might not qualify for traditional bank financing. And, as The Wall Street Journal has pointed out, Frank “pressured regulators to ease up on their capital requirements — which now means taxpayers will have to make up that capital shortfall.”

Even now, after the government took the companies over (which Frank repeatedly said over the years was not a possibility), Frank opposes limits on the amount of money they can risk on mortgage backed securities — the one reform that might have done the most to prevent the current meltdown and probably would do the most to keep it from happening again.

Barney Frank is the very symbol of Washington’s deliberate refusal to prevent the collapse — the predicted collapse — of Fannie Mae and Freddie Mac. And this is the guy the New Hampshire Democratic Party showcases at its most prestigious annual event. That ought to tell you a lot right there.

 Besides their total ignorance about the troubles that Fannie Mae and Freddie Mac were headed towards is the fact that these two men, and other Democrats, helped to make the problem worse.

In fact, Frank & Co. made matters worse by pushing Fannie Mae and Freddie Mac to take on greater risk. They wanted more loans to people who might not qualify for traditional bank financing. And, as The Wall Street Journal has pointed out, Frank “pressured regulators to ease up on their capital requirements

 These companies were forced to loan money to people who couldn’t afford it in the interest of “being fair.” Rules were relaxed and money was loaned and predictably low income families defaulted on loans that they never had any business getting in the first place and now you and I have to pay for it.

 Another liberal policy and another liberal failure. And now we must all pay for it. But hell, they meant well.

WAKE UP AMERICA

I THINK IT IS TIME TO PUT A STOP TO THIS DRAIN ON THE “ FEDERAL RESERVE” TRILLIONS OF DOLLARS TO BAIL OUT MORGAGE COMPANYS. THE “NATIONAL DEBT” IS UP TO “$10,000,000,000,000″ WHERE IS THIS COUNTRY GETTING THIS MONEY FROM?? COUNTRYS LIKE CHINA, AND JAPAN, MIDDLE EAST COUNTRYS.

WHAT HAPPENS IF THESE COUNTRYS DESIDE TO PULL THEIR MONEY? OUR ECONEMY COULD BE IN BIG TROUBLE.

I THINK  IT IS TIME TO CALL ALL  THE “CEO’S” AND THE RECORDS OF ALL THE COMPANYS  GOING BANKRUPT BEFORE A CONGRESSIONAL COMMITTEE, AND FIND OUT WHERE ALL THIS MONEY WENT!!!

MICKMCK707

$10,000,000,000,0000 IN DEBT

This fourth chart shows the growth of America’s national debt over the years. Imagine if your own personal borrowing looked like this…..

In just a few short months, the federal government of the United States will be over 10 TRILLION dollars in debt.

10,000,000,000,000 dollars in debt!

Will the current generation of Americans repay this debt?

No, the current generation seems determined to go even deeper in debt.

So, that means that the current generation of Americans is dumping this debt on to their children and their grandchildren and to generations beyond that.

That is inexcusable!

The truth is that America has sold their children and grandchildren into economic slavery forever.

How would you feel if you were a little child and you discovered that your parents had run up a million dollars on a credit card in your name, and now you had to make interest payments on that credit card for the rest of your life?

I imagine that you would be furious!

America’s children and grandchildren will be working ALL of their lives to pay interest on this ridiculous debt. Their labor will go into serving the owners of this debt, and there is no escape.

America has had the greatest party in the history of the world and it has fueled this extravagant party on massive amounts of debt, but there is some really bad news…..

The party is coming to an end.

The reserves of America’s local banks are gone. The financial institutions of the United States have borrowed an insane amount of money from the Federal Reserve this year just to stay afloat. Many have already failed. America’s financial system has never experienced a crisis of this magnitude.

The biggest debt bubble in the history of the world is beginning to burst.

For decades Americans have lived like kings and queens…..enjoying the biggest party the world has ever known…..but financed with ever increasing amounts of debt.

Once upon a time, the United States was the biggest creditor in the entire world. But those days are long gone. Now America is the biggest debtor nation to ever exist on the earth.

America was the wealthiest nation in the world, but that was never enough. Americans always had to have a bigger car, a bigger house and an endless supply of “stuff”. So the American government piled up debt, American companies gorged on debt, and Americans made using credit cards into a national pastime.

And if you include the future liabilities that the United States government has committed to such as future Social Security and Medicare payments, then the total debt of the federal government is over 59 TRILLION dollars.

59 TRILLION dollars!

Now that many of America’s jobs have gone overseas, the price of gasoline is shooting through the roof, and tons of people are losing their homes, do we find that Americans are learning their lesson?

Not at all.

Instead Americans are squeezing everything they possibly can out of their credit cards. Total credit card debt in America is now over 790 billion dollars, and it is increasing at a rate which is four times faster than earlier this decade.

Instead of showing restraint, Americans have jammed the accelerator to the floor.

Prices are increasing dramatically while wages are not. Jobs are being shipped overseas and factories are being closed. America’s largest banks and financial institutions are teetering on the brink of failure. Homes are being foreclosed at record rates. Personal bankruptcies recently hit an all time high. And what is the answer that the politicians are giving to America?

Spending even more money and getting us into even more debt.

It is time to face the truth.

The American Dream has gone “bye bye” and it isn’t coming back.

And there isn’t anything that John McCain or Barack Obama can do to stop it.

WHO IS RESPONSIBLE FOR ALL THIS MISMANAGEMENT?????

MICKCMK707

Posted by Shattered Paradigm at 11:55 AM

FEDERAL RESERVE TO RESCUE ” AIG” WITH ” 85BILLION LOAN”

The Federal Reserve is poised to rescue insurance giant AIG with an $85 billion loan, MSNBC reports. In return, the Fed will take an 80% stake in the company, which is one of the world’s biggest insurers. The move is a reversal for the US government, but federal officials determined that AIG’s failure would be “catastrophic” in the current financial climate, the Wall Street Journal notes. AIG’s board approved the deal late today.

ANOTHER COMPANY THE TAXPAYER IS GOING TO OWN. THIS IS NOT THE TAXPAYERS FAULT!!!

THIS IS THE FAULT OF CONGRESS!!

If AIG went bust, it could affect small investors who have money-market funds that invest in the company, the Journal notes. Fed chief Ben Bernanke and Treasury chief Henry Paulson decided to act after trying unsuccessfully to drum up help from the private sector. AIG shares closed at $3.75 today, down from $70.13 in the past year. HOW CAN THESE COMPANY’S GO BANKRUPT, SINCE DAY ONE THEY HAVE BEEN MAKING MILLIONS????

MICKMCK707

Sources MSNBC, Wall Street Journal

AIG-THE BIGGEST MORGAGE HOLDER IN THE WORLD GOING UNDER

Monday decided the fate of Lehman Bros. The same will happen at AIG by tomorrow. It’s the latest in a series of formerly unthinkable collapses by the biggest names on Wall Street this year.

Shares of AIG, formerly the world’s large insurer, are off another 50 percent today in the $2.50-a-share range after last night’s downgrade by credit rating agencies. Its shares have lost more than 95 percent of their value this year.

That downgrade may be the last straw. Lower ratings by Moody’s and Standard & Poor’s mean AIG’s trading partners can demand it raise more capital to fund what are now deemed riskier investments in an amount that could total more than $14.5 billion in new collateral. Counterparties could also unwind their business with AIG and demand some $5.4 billion in payment, filings with the SEC show.

Meanwhile, New York Gov. David Paterson, who offered $20 billion in loans to keep AIG afloat, told CNBC this morning the firm has one more day to come up with capital worth some $75 to $80 billion.

Former AIG Chairman and CEO Hank Greenberg told CNBC today that if it can’t arrange funding, either from the Fed or another party, it would have “no alternative” but bankruptcy.

The threat AIG poses is this: Much like Bear Stearns, it’s involved in untold amounts of transactions with the largest banks in the world. The combination of Lehman’s bankruptcy and a failure of AIG would put the largest strain ever on the complex system of derivatives contracts that have never gone through upheaval this severe. DO WE LET THESE COMPANY’S GET TO BIG????.” NO OVERSITE”.

ARE THESE BIG MORGAGE CO. BAILING OUT BECAUSE OF THE HURRICANES?????

MICKMCK707

Citigroup says:

SGT.ROHRS 82ND COMBAT AVIATION BRIGADE

Staff Sgt. Peter Rohrs, Charlie Company, 3rd Battalion, 82nd Combat Aviation Brigade, 82nd Airborne Division, is awarded the Silver Star by President George W. Bush along with the commander of the 82nd Abn. Div. MAJ Gen. David Rodriguez during the Division Review on May 22 at Fort Bragg, N.C. Rohrs, a native of San Antonio, served as a medic and is credited for the rescue of 12 critically wounded coalition soldiers.

Staff Sergeant Peter David Rohrs of Fayetteville, North Carolina for gallantry in action on 9 November 2007 while serving as a Flight Medic, Company C, 3-82nd General Support Aviation Battalion, 82nd Combat Aviation Brigade, in support of operation Enduring Freedom.  His selfless actions were directly responsible for the rescue of twelve critically wounded coalition Soldiers.  His courage, tactical abilities, and regard for the safety of his patients, crew, and aircraft were remarkable.

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