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This may help
Is this the reference to ABN Amro??? John Benson http://www.zoominfo.com/#!search/profile/person?personId=703447079&targetid=profile
A idea for you to get the info you are looking for.
Defamation (yes that is the way its spelt not Defimation), is only possible when you know the person that is defaming you, so instead of posting innuendo and unsubstantiated stuff why don't you post your name and contact details and we will all see if he sues you for defamation, then you can have your day in court and prove that it is all true. Also instead of keep calling him out on your blog (he probably never reads this stuff anyway, why not call Platinum Access Society and speak to him yourself? The number is 800 580 5088, you can also go on their website and e mail him, don't forget to include your e mail address. If you do call don't forget to do it on an unblocked number and if necessary leave your name and number so he can call you back, and then you can report to everybody first hand hope this helps you get the facts you are looking for.
No Problem this looks like start of what longs have been waiting for. Could be a good week. Our negative boys will be out soon with more desperation attacks from bogus web sites that falsely accuse individuals or companies of various activities with out any proof.
Based on this lol
http://www.ezripofflawsuit.com/
FYI
IP OFF REPORT owner Ed Magedson charged with RICO - Racketeering in Phoenix Federal
Racketeering Charges Filed! Conspiracy and Racketeering (RICO) proceedings as well as claims for defamation and invasion of privacy are being issued against Ed Magedson owner or RIP OFF REPORT and Bad Business Bureau - under a Federal Court in Phoenix Arizona. The warrant has been issued against Rip Off Report, Bad Business Bureau - owner Ed Magedson for the operation including the sites: ripoffreport.com, badbusinessbureau.com, and a number of countless other “consumer advocate” sites being orchestrated by the extortion consortium. Ed Magedson operates his illegal extortion scam under the guise of “consumer advocacy” sites - to force innocent companies into paying him to take down his dirty posts. Currently 28 Attorney Generals and 17 Federal Prosecutors throughout the U.S. are pursuing Ed Magedson and the rip off report. Known to draft court service notices since 1992 (long before he started this extortion operation), rewards of up to $50,000 have been offered for his whereabouts. If you do a key word search under “Ed Magedson” you will see his shady past.
But the legitimate companies are not paying. Currently there are almost 100 court cases pending against Ed Magedson – including a judgement against ED for Ten Million Dollars - under the courts of Nevis where he has hosted his websites in the past.
Ed Magedson and the Rip Off Report EXPOSED in a WSVN Fox News Television Report! Click here to view!
USA Today issues warning that bloggers are inaccurate forms of information. For more information click here.
Here are just a few of the sites you will find when you do a keyword search in google using the phrase “Ed Magedson”.
Learn more about Rip Off report extortion: Click here: http://www.bad-business-rip-off.com/
http://www.goodbusinessbureau.com/
http://www.fight-back.us/11-16-04--F...st-records.htm
http://www.ezripofflawsuit.com/
Join the Class Action Lawsuit – Against the Rip Off Report
The tide is turning. A group of more than 130 companies have joined together in a class action law suit and are leading the charge against RIP OFF REPORT Ed Magedson and his group of strong armed criminals. Instead of each company having to fight the battle alone, the class action law suit has organized many companies and individuals including Walmart, Verizon Wireless, Pizza Hut and more who have been targeted by this extortion operation.
* If you have posted on the site and have been solicited for money we would like to hear from you.
* If you have seen a Ripoff Report posting and decided not to work with a company or do business with a company because of what you have read on one of these sites please let us know about your story.
* If your company has been victimized or attacked on the Ripoff Report we would like to hear from you.
If you are a consumer and you are researching a company you should be skeptical of anything on these sites. Instead visit official government sites such as the BBB, or the FTC: website to check out a company, and you will not be drawn into the web of deceit created by these criminals.
File your complaint with the Federal Trade Commission (FTC) - https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01
News 1-23-06
BREAKING NEWS:
DEFENDANTS: Ed Magedson, Xcentric Ventures, LLC, Ripoffreport.com, Bad Business Bureau.com
“IT IS SO ORDERED. Defendants’ Motions to Dismiss for Lack of Jurisdiction are denied.”
January 18, 2006, Charles R. Norgle, District Judge
This decision by a Federal Judge clears the way for business, that have been the target of Rip Off Report - Ed Magedson’s extortion racket, to sue, shut down and jail Ed Magedson and his collaborators.
Facts in Evidence:
“Visitors must register with Sites, by providing identifying information such as name, email and street address in order to post comments. Defendants sell this information to law firms seeking to file class action lawsuits against companies. In addition, discovery has revealed that Defendants sought to enter into a business relationship with the law firm of…, which holds itself out as a firm, which ‘prosecutes class actions throughout the United States...’ Defendants proposed to refer clients to this firm, and attempted to negotiate a fee of $800,000 per year for this service. Defendants referred clients (information) to one of these (law) firms and actively solicited the business of another.”
In one case, the website (Rip off Report) posted more than 110 “complaints” from consumers. Investigation proved that only 11 of these postings were actually from customers. The balance of 99 reports was made-up by members of Rip Off Report staff.
FYI
The defamation about IC Talent and its owner was likely perpetrated by a competitive unlicensed modeling/acting school which saw their business tremendously diminish 8 years ago when IC Talent, a licensed Institution in the State of California opened up. Desperate to see how good and legitimate a business ICA/IC Talent is, IC Talent’s competition realized that they could not compete at a fair business level. So they decided to slander the licensed institution and its owner cowardly and anonymously on the internet. Unfortunately, once you have fake complaints on ripoffreport.com, magedson who owns and co-owns more sites, starts optimizing the posts, adds more of his own and then asks you for a lot of money to remove them. Read about our story above and if this happens to you: A) Do not respond to ripoffreport postings, it will only rank up the defamation B) Do not try to negotiate with magedson, he will charge you extortion money you cannot or do not wish to pay.) You can’t sue someone who moves all the time, has no assets and has servers in China! You will just spend thousands of dollars for nothing like the IC Talent Institution did.
http://www.ezripofflawsuit.com/
How do I find the board i Box
You might not be correct using worthless.
What facts are you using?
Nice try though.
Just for fun click on language it is great.
Thanks got it.
Indy has a different view I think they have credibility.
http://www.ibj.com/indycar-sponsorship-deal-creates-seriesbranded-insurance-plan/PARAMS/article/24400
IndyCar deal creates series-branded insurance plan
The IndyCar Series recently signed a three-year agreement with Dallas-based Global Corporate Alliance, a wholesale insurance buyer that will offer IndyCar-branded health insurance to fans.
The deal makes GCA the official insurance program of the open-wheel series. The company will offer members of the series' fan club, the IndyCar Nation, an insurance plan called IndyCar MD-Now for $19.95 per month. The plan provides doctor consultations by phone. Additional plans carrying a greater cost will offer more complete health care coverage.
Details on costs and benefits for those additional plans have not been made available.
The deal makes the insurance company a presenting sponsor of the series, said Terry Angstadt, president of the series’ commercial division. It also gives GCA branding opportunities at fan-interaction zones at tracks, puts its logo on IndyCar Series transporters and includes advertising on the series’ website as well as during ABC-TV and Versus race broadcasts.
Financial terms of the deal were not disclosed, but sources close to the series valued it at $1 million to $1.5 million annually.
One of the most important elements of the agreement, said a source with knowledge of the deal, is GCA’s access to the IndyCar Series’ fan-club database.
Under terms of the agreement, IndyCar Nation members will be automatically enrolled as members of the North American Consumer Alliance, which is a not-for-profit membership group that purchases insurance as a wholesaler directly from various insurance carriers.
GCA manages the North American Consumer Alliance and receives a monthly management fee from the alliance for every member, which gives the company an incentive to help grow the series’ fan club through marketing and promotional efforts of the IndyCar Series.
Looks like something happening soon.
http://www.ibj.com/indycar-sponsorship-deal-creates-seriesbranded-insurance-plan/PARAMS/article/24400
IndyCar deal creates series-branded insurance plan
The IndyCar Series recently signed a three-year agreement with Dallas-based Global Corporate Alliance, a wholesale insurance buyer that will offer IndyCar-branded health insurance to fans.
The deal makes GCA the official insurance program of the open-wheel series. The company will offer members of the series' fan club, the IndyCar Nation, an insurance plan called IndyCar MD-Now for $19.95 per month. The plan provides doctor consultations by phone. Additional plans carrying a greater cost will offer more complete health care coverage.
Details on costs and benefits for those additional plans have not been made available.
The deal makes the insurance company a presenting sponsor of the series, said Terry Angstadt, president of the series’ commercial division. It also gives GCA branding opportunities at fan-interaction zones at tracks, puts its logo on IndyCar Series transporters and includes advertising on the series’ website as well as during ABC-TV and Versus race broadcasts.
Financial terms of the deal were not disclosed, but sources close to the series valued it at $1 million to $1.5 million annually.
One of the most important elements of the agreement, said a source with knowledge of the deal, is GCA’s access to the IndyCar Series’ fan-club database.
Under terms of the agreement, IndyCar Nation members will be automatically enrolled as members of the North American Consumer Alliance, which is a not-for-profit membership group that purchases insurance as a wholesaler directly from various insurance carriers.
GCA manages the North American Consumer Alliance and receives a monthly management fee from the alliance for every member, which gives the company an incentive to help grow the series’ fan club through marketing and promotional efforts of the IndyCar Series.
http://www.ibj.com/indycar-sponsorship-deal-creates-seriesbranded-insurance-plan/PARAMS/article/24400
IndyCar deal creates series-branded insurance plan
The IndyCar Series recently signed a three-year agreement with Dallas-based Global Corporate Alliance, a wholesale insurance buyer that will offer IndyCar-branded health insurance to fans.
The deal makes GCA the official insurance program of the open-wheel series. The company will offer members of the series' fan club, the IndyCar Nation, an insurance plan called IndyCar MD-Now for $19.95 per month. The plan provides doctor consultations by phone. Additional plans carrying a greater cost will offer more complete health care coverage.
Details on costs and benefits for those additional plans have not been made available.
The deal makes the insurance company a presenting sponsor of the series, said Terry Angstadt, president of the series’ commercial division. It also gives GCA branding opportunities at fan-interaction zones at tracks, puts its logo on IndyCar Series transporters and includes advertising on the series’ website as well as during ABC-TV and Versus race broadcasts.
Financial terms of the deal were not disclosed, but sources close to the series valued it at $1 million to $1.5 million annually.
One of the most important elements of the agreement, said a source with knowledge of the deal, is GCA’s access to the IndyCar Series’ fan-club database.
Under terms of the agreement, IndyCar Nation members will be automatically enrolled as members of the North American Consumer Alliance, which is a not-for-profit membership group that purchases insurance as a wholesaler directly from various insurance carriers.
GCA manages the North American Consumer Alliance and receives a monthly management fee from the alliance for every member, which gives the company an incentive to help grow the series’ fan club through marketing and promotional efforts of the IndyCar Series.
http://www.ibj.com/indycar-sponsorship-deal-creates-seriesbranded-insurance-plan/PARAMS/article/24400
IndyCar deal creates series-branded insurance plan
The IndyCar Series recently signed a three-year agreement with Dallas-based Global Corporate Alliance, a wholesale insurance buyer that will offer IndyCar-branded health insurance to fans.
The deal makes GCA the official insurance program of the open-wheel series. The company will offer members of the series' fan club, the IndyCar Nation, an insurance plan called IndyCar MD-Now for $19.95 per month. The plan provides doctor consultations by phone. Additional plans carrying a greater cost will offer more complete health care coverage.
Details on costs and benefits for those additional plans have not been made available.
The deal makes the insurance company a presenting sponsor of the series, said Terry Angstadt, president of the series’ commercial division. It also gives GCA branding opportunities at fan-interaction zones at tracks, puts its logo on IndyCar Series transporters and includes advertising on the series’ website as well as during ABC-TV and Versus race broadcasts.
Financial terms of the deal were not disclosed, but sources close to the series valued it at $1 million to $1.5 million annually.
One of the most important elements of the agreement, said a source with knowledge of the deal, is GCA’s access to the IndyCar Series’ fan-club database.
Under terms of the agreement, IndyCar Nation members will be automatically enrolled as members of the North American Consumer Alliance, which is a not-for-profit membership group that purchases insurance as a wholesaler directly from various insurance carriers.
GCA manages the North American Consumer Alliance and receives a monthly management fee from the alliance for every member, which gives the company an incentive to help grow the series’ fan club through marketing and promotional efforts of the IndyCar Series.
Your DD maybe is funny
homey_g Member Profile homey_g Member Level
Share
Wednesday, February 08, 2012 1:59:34 PM
Re: None
Post # of 4670
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In response to the misinformation that has been posted about GMD Resources Corporation.
1. COMPANY NAME: The actual company name is GMD RESOURCES CORPORATION. -NOT- GMD RESOURCES AND DEVELOPMENT.
2. REGISTRATION: Through the Secretary of State, the Registered Agent for GMD Resources Corporation is NOT a home address. Registration Agent is Platinum Access Society at 3333 Lee Parkway, Dallas, Texas 75219.
3. ADDRESS: The registered address is 15851 Dallas Parkway in Addison Texas.
4. DATE OF INCORPORATION: GMD Resources Corporation was incorporated on January 17, 2012.
GMD Resources Corporation is a combination of a very successful existing oil and gas company and the creation of its new partners with Global, MindPix and Dolbery Oil and Gas as of January 17th, 2012.
GMD Resources Corporation was formed as “Special Purpose Company” that was structured to hold the Oil Leases. All drilling and development of the leases is conducted by Dolbery Oil & Gas.
THE FOLLOWING INFORMATION WAS FILED WITH THE SECRETARY OF STATE:
GMD RESOURCES CORPORATION
Incorporated January, 17, 2012
Registered Agent: Platinum Access Society
GMD Resources Corporation
15851 Dallas Parkway
Addison, Texas 75001
Global MD NOW
Registered Agent: Gloria Solomon
15851 Dallas Parkway
Addison, Texas 75001
Global iPrint
Registered Agent: Gloria Solomon
15851 Dallas Parkway
Addison, Texas 75001
Platinum Access Society
Registered Agent: Greg Cole
3333 Lee Parkway,
Dallas, Texas 75219
The truth is risk vs reward take your pick.
The truth is what is your agenda?
The truth is this is a Pink.
The truth is sounds like MPIX has some good new partners.
The truth is either sell or buy your choice.
The truth is you can just pass on this stock and who cares.
On Radio GMD is partner with 30 year old oil company, that holds proven oil leases. Looks like GMD is now holding company for these leases. That is what I heard who cares as long as they have oil in the ground. You seem to ignore all the other companies that were introduced. You are very funny.Have a good night.
According to you based on what facts?
Letter To Shareholders:
Chairman's Letter to The
eMax Worldwide Inc.'s Shareholders
February 3, 2011
Dear Shareholders, and Investors
This past year has brought tremendous growth and changes to our companies. At the end of last year, our company canceled a signed financing agreement due to the failure to perform by the lenders. In January of this year, our Board of Directors decided to get back to our core business operations. Currently the company and its subsidiary New Unified Corp , is expanding its holding interests in investments in the area of income producing new media and technologies, real estate, oil, gas and alternative energy companies and commodity producing operations. The first quarter of this year, eMax Worldwide and its subsidiary intends to report large revenues and profits from all operating divisions.
We are proud to say, that eMax Worldwide has some of the most experienced and talented Board of Directors, operations managers and professionals, working with the highest integrity everyday to oversee the success of these great companies. eMax Worldwide Inc. and their companies are truly making a positive difference in many individual's lives and their families.. We appreciate our loyal and kind shareholders who have been patient, while eMax has worked through their growing pains, operating obstacles, and learning curves. We at eMax Worldwide, believe the shareholders' steadfast faith and unity with and in the management of eMax Worldwide will pay huge dividends to them and their estates.
In May of 2011, eMax Worldwide's partly held company, eMax Media Group, completed a merger Acquisition with the publicly trading company Mindpix Corp, "MPIX". That event produced a stock dividend in Mindpix Corp to the eMax shareholders who held shares in
EMAX with a record date of June 15, 2011.
On January 18, 2012 Mindpix Corp. (Pink: MPIX) announced, they formed a Joint Venture with Churchill Lloyd Corporation. The Joint Venture came together as an Investment and Business Development Company and is named Platinum Access Society, Inc. (www.platinum-access-society.com). Platinum Access Society Inc. is owned equally with 50% held by Mindpix Corp. and 50% by Churchill Lloyd Corp. (www.churchill-lloyd.com). eMax Worldwide, Inc currently owns in trust, 7% stock interest in Platinum Access Society.
Churchill Lloyd Corporation is a multifaceted investment company that also trades Commodities that include crude oil and related products, sugar, iron ore, gold and precious metals. Churchill Lloyd is rapidly positioning itself as a major investment banking corporation and a leading trader in the sugar and oil industry through the establishment of long-term contracts with refineries throughout Africa, South America, the Middle East, Brazil and even Russia.
Platinum Access Society focuses on the investment in and the business development of new and established companies which have demonstrated characteristics for international growth. In January of this year , all the parties involved with Platinum Access Society, have placed collateral assets, operating companies, and their respective revenue activities into Platinum Access Society for the specific purpose to grow collectively the established companies, ultimately increasing the values and revenues of Platinum Access Society. The four companies that transferred to Platinum half of their assets and operating company interests include Global MD NOW, eMax Media, GlobaliPrint, and GMD Resources. GMD will be announcing its activities and holdings in oil leases and their production activities within the next week
Global MD NOW, has signed a partnership with Platinum Access Society for the promotion of their 24/7/365 health care service that allows subscribers access to physicians and nurses for medical advice and treatment by phone from anywhere in the world. Global MD NOW is a network of physicians and registered nurses who provide immediate medical advice, diagnosis and treatment with "one on one" phone consultations from anywhere in the world. Global MD NOW offers access to doctors 24/7/365 offering choice and convenience to those who need medical advice or a simple refill of prescriptions.
Global MD NOW projects expansion to several hundred thousand multi-lingual customers
and up to 16 different languages within the next 12 months as Global MD NOW is expanding into international markets. Global MD NOW is available for less than $20 a month for the entire family and is a true international product providing 24/7/365 telemedicine consultations from anywhere in the world. (http://www.globalmdnow.com)
eMax Media has signed a distribution licensing and partnership agreement with Platinum Access Society, Inc. to market and sell music, movies, and games globally. As well, Platinum Access Society and eMax Media are exploring the launch of a private digital network to merchandise entertainment products such as music downloads, games, and ringtones to their joint customers.
eMax Media Inc. is a diversified multi-media technology/internet entertainment content company which owns, develops, produces and sells music, gifts, events, movies, t-shirts and collectibles for distribution to wholesale and retail markets. eMax Media, Inc., www.emaxmediagroup.com, owns a music catalog that consists of 17,500 plus original recorded songs ranging from the '30s through the '90s. The Company's catalog contains releases by many established recording artists such as: Willie Nelson, Waylon Jennings, Little Richard, Chicago, Fats Domino, Kenny Rogers, The Coasters, Gladys Knight, The Drifters, The Platters, The Who, Billy Joel, James Brown, Jerry Lee Lewis, Bob Dylan, Jefferson Airplane, Elvis Presley, The Bee Gees, Dolly Parton, Jackson Five and Johnny, etc.
Other events that occurred last year include :
1) In September of 2011, eMax Worldwide petitioned the Federal Courts in Utah to release their transfer records to a new transfer agency after their log term transfer Agent was sued by the Sec. In November of 2011, eMax Worldwide, Inc formerly was granted their transfer records to be relocated to their current and newly engaged Transfer Agents, Standard Register and Transfer. On November 17, 2011 eMax Worldwide's SEC counsel hand delivered their stock transfer records to Standard Registrar and Transfer in Utah. Two weeks ago, the new transfer Agent officially was able to have all of our corporate shareholder records uploaded into their transfer systems and now dividend transfers can be completed in full and mailed out to our shareholders. Currently the transfer agent, in tandem with our company, and our SEC counsel is working with FINRA to recognize the corporate name change to eMax Worldwide, Inc, to get all the previous stock dividends out to our shareholders and and to have the DTC chill lifted off of our stock.
2) eMax Worldwide, Inc., opened new offices at Universal Studios Production Group Orlando Florida.
3) eMax Worldwide, Inc. began a stock buy back program,
4) eMax Worldwide, Inc.s founding shareholders exchanged all their common stock for preferred A stock in the company and this event allowed over one billion shares of common stock to be retired to the company treasury.
5) eMax Worldwide is working besides their SEC legal and auditing counsel to finish the preparation and filing of all necessary documents with the SEC , OTCMarkets and FINRA.
6) The company recently filed its updated year end 2011 financial s with the OTCmarkets.com
About Mindpix Corp.
Mindpix Corp. (MPIX), www.mindpix.com, is a holding company that invests in multi-media entertainment, internet, networks, communications and new emerging technology companies. Mindpix Corp has recently updated their disclosure and financial information at OTC Markets. All files can be found at www.otcmarkets.com/stock/MPIX/financials.
About eMax Worldwide, Inc.
eMax Worldwide, Inc., (www.eMaxworldwide.com) is a diversified holding company acquiring and growing family and morally valued multimedia, entertainment, communication, broadcasting, high-end technologies, real estate, energy and finance industries through two corporations, eMax Media Inc., www.emaxmediagroup.com and New Unified Corp., www.newunified.com. The company's objectives are to acquire companies that will help to put Americans back to work and produce more USA made products. eMax Worldwide, Inc. has recently updated their disclosure and financial information at OTC Markets. All files can be found at www.otcmarkets.com/stock/EMXC/financials.
eMax Worldwide and Mindpix Corp is preparing for a very exciting and prosperous year.
Thank You for your time. Remember to enjoy the small things in life and seize every moment you can with your family and love ones. Every second we walk and breath on this earth is a moment in time we can not recapture.
Roxanna Weber, Chairman
eMax Worldwide, Inc.
Mindpix Corp.
Contact for eMax Worldwide, Inc.
info@emaxworldwide.com
850-638-3920
MindPix Corp.
info@mindpix.com
I heard the website was being addressed now, the address of the company is 15851 Dallas Parkway, Addison Texas 75001 Tel: 855 252 8800
Sugarray3030
Is stop back on? I thought it was off on Friday with filings.
The Loan is being secured by several standby letters of Credit (SBLC) that will be issued from one of the Top 25 Banks.
The SBLC shall be delivered by Swift MT760 and will be monetized by a top 50 bank.
As it clearly states in the press release. In addition to the issued SBLC a top 50 Bank has also sent confirmation of their readiness to receive and monetize 5 banking days
Monetization is completely different from issuance.
Issued by top 25 Bank. Monetized by top 50 Bank.
In my opinion no top 50 Bank would loan money against an unacceptable SBLC.
Do your own DD this is how I read the news.
NVIC Green Technology seems to be moving last few days?
RLGT thanks 10 bagger
Interesting Green Technology NVIC
Obama is doing his best to change that.
Are you a socialist attend cell meetings or just drink left wing kool-aide?
fastlizzy is left of her, she would be perfect.
THIS WILL DRIVE THE LIBERALS HERE CRAZY
Australian Prime Minister does it again!!
This man should be appointed King of the World.. Truer words have never been spoken. It took a lot of courage for this man to speak what he had to say for the world to hear. The retribution could be phenomenal, but at least he was willing to take a stand on his and Australia 's beliefs.
Whole world needs a leader like this!
Prime Minister Kevin Rudd - Australia
Muslims who want to live under Islamic Sharia law were told on Wednesday to get out of Australia, as the government targeted radicals in a bid to head off potential terror attacks..
Separately, Rudd angered some Australian Muslims on Wednesday by saying he supported spy agencies monitoring the nation's mosques. Quote:
'IMMIGRANTS, NOT AUSTRALIANS, MUST ADAPT.. Take It Or Leave It. I am tired of this nation worrying about whether we are offending some individual or their culture. Since the terrorist attacks on Bali , we have experienced a surge in patriotism by the majority of Australians. '
'This culture has been developed over two centuries of struggles, trials and victories by millions of men and women who have sought freedom'
'We speak mainly ENGLISH, not Spanish, Lebanese, Arabic, Chinese, Japanese, Russian, or any other language. Therefore, if you wish to become part of our society. Learn the language!'
'Most Australians believe in God. This is not some Christian, right wing, political push, but a fact, because Christian men and women, on Christian principles, founded this nation, and this is clearly documented. It is certainly appropriate to display it on the walls of our schools. If God offends you, then I suggest you consider another part of the world as your new home, because God is part of our culture.'
'We will accept your beliefs, and will not question why. All we ask is that you accept ours, and live in harmony and peaceful enjoyment with us.'
'This is OUR COUNTRY, OUR LAND, and OUR LIFESTYLE, and we will allow you every opportunity to enjoy all this. But once you are done complaining, whining, and griping about Our Flag, Our Pledge, Our Christian beliefs, or Our Way of Life, I highly encourage you take advantage of one other great Australian freedom, 'THE RIGHT TO LEAVE'.'
'If you aren't happy here then LEAVE. We didn't force you to come here. You asked to be here. So accept the country YOU accepted.'
WHO SCREWED YOU
READ THIS IF YOU WANT TO KNOW WHERE AND WHY 50% OF YOUR HOMES VALUE WENT ALONG WITH YOUR 401 K
PIN THE TAIL ON THE DONKEY
The spreading American and world financial debacle does have a discernable beginning - there is a financial “ground zero”, a root cause, and it is important to clearly identify and understand where and why this all started because, without comprehension, the problem can and will happen again.
All the pundits who have commented on this over the last few months have agreed that the core problem is bad loans. Without the massive defaults in American sub-prime home mortgages the problem we have today would not exist! The liberals don’t want the American people to know that they are the parents of the sub-prime loan. They are feverously pointing the finger at any anyone and everyone in a vain attempt to dodge the bullet. Nancy Peelosi‘s rant in congress blaming Wall street and the Conservatives is a good example.
Where and how did this problem get started? At the beginning of this catastrophe was the Democratic party, their bleeding heart liberal buddies, Franklin Raines, Barney Franks, the Black caucus and community action groups like ACORN, along with obama and his radical political action squads. In this case, it is absolutely and inescapably clear that the proverbable tail needs to be pined directly on the Donkey!
This is not to say that there weren’t plenty of Republican bankers and mortgage tycoons taking extreme advantage of the idiotic Democratic financial program. But, and this “but” is the key to making sure that nothing of this kind can ever happen again. The Community Reinvestment Act was solely and purely the creation of the Democratic party. The act was meant to force lenders to make bad loans to individuals who had very little ability of repaying them.
The operative word here is force! Obama and his ACORN community action squads coerced banks by threatening them with legal and civic action if they didn’t make bad loans to unqualified minorities.
The dems felt that the percentage of minorities owning homes needed to be increased. They thought if more blacks become homeowners this would somehow represent a fairer more equitable sharing of the American dream. Also, clearly, the white dems in congress, state and local governments thought that, in the process, more blacks would vote for them. Pandering, gosh, you think?
What they didn’t for a minute consider or even care about was whether all these marginal mortgages ever got paid back. That was never their concern. When all this stupidity started there were no such things as non-qualifying- nothing- down adjustable rate home loans. For years, to buy a home one had to have a job, be a stable person, have good credit and pay at least 20% down. The amount of the mortgage repayment in those days was limited to about 25% of the person’s net monthly income.
This reliable and trusted system created a strong secondary market meaning that the banks and originators who wrote the loans could package them into portfolios and sell them as securities to retirement funds and other big players in the financial world. The entire system was based on trust and confidence. If the happy homeowner made his payments along with the thousands of other happy homeowners the American mortgage portfolios were as good as gold.
As packaged securities, bundled mortgages had been for years, reliable and insurable. In offering policies on such collateral, AIG and any other insurers were acting in good faith, knowing that their risks were limited by recourse to the borrower and that the policies were therefore an ‘umbrella,’ meaning that the borrower would make good any losses and the underlying coverage was not payable unless, for some heretofore unheard of reason, the insured party was unable to make up the deficits.
For years, this was the case and securitized American Mortgage packages were traded all around the financial world. Then, along came the stupid dems and their tree hugging, bleeding heart followers and screwed the system up to what it is today- FUBAR!
What the democrats did was to, in effect; toss a huge cast iron monkey wrench into what had been for decades a finely tuned financial machine. This liberal “monkey wrench” came to be known as the “Sub-Prime Mortgage” which collectively today goes under another even more descriptive and accurate name, “toxic loans.” Housing markets have always fluxuated, values increased and decreased but, because the owners had equity and were responsible, they weathered the storms. With the sub-prime borrowers, such was no longer, thanks to the libs, the case.
The housing markets contracted, the ARM’s tripped, and millions of minority owners along with many speculators and other idiots holding these stupid loans found themselves upside down, meaning they had a mortgage that was sometimes 100% above the market value of the property- so, having no equity and no reason to toss good money after bad, they bolted- leaving the banking system to pick up the pieces. Of course, when this happened in such massive numbers, it caused colossal upheavals in the financial world- billions upon billions of securitized debt suddenly became worthless- colossal companies folded, banks failed, the problem is huge and growing, no one knows where or how it will end. Dumping $700 billion of the honest hard working American taxpayer’s money into the system is a like putting a band aid on a victim of the guillotine.
What have they done? The Democrats cannot evade blame for this monstrosity. Once again, the libs attempt to “social engineer” our diverse American society has resulted in a colossal mess seriously damaging not only America’s financial system but, this time, creating a world wide disaster. They have cost millions of responsible hard working Americans thousands in retirement values and drastically affected their home equity.
All this they have done and why, so underprivileged, unemployed and often unemployable, unqualified, uneducated minorities could jump into home ownership without earning that right and to curry political favor? It’s hard to believe that this is why they did it but there you are……… If any of you ever vote again ever for a democrat, especially obama who was intimately involved in coercing the banks- then God help you and God help all of us.
Robert Firth
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