Archive for August, 2011

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THE REAL MESS

August 10, 2011

What many people do not know is the real history of the problems we are having today and it was signed into law by jimmy (peanut farmer) carter in 1977 here’s the first link and on the right side is a map that the law was based out that is how the term red lining was created it was showing banks where the safe loans could be repaid and the red areas were showing much riskier areas.

Thus created the first banking crisis back in the late 1980’s the S&L’s debacle the community activists boycotted and attacked the S&L’s banks to charge them with red lining and deceit and deceptive loan process.  Because the S&L’s banks were receiving insurance money from the FDIC  that made the banks liable if they were ever sued in court.

Timeline of the Housing Crisis

 
These are the leading culprits who actually caused the subprime

mortgage collapse which then caused the current worldwide deep recession

1. Jimmy Carter pushed for and signed into law the
Community Reinvestment Act which forced banks to
lower their standards so that previously unqualified
people could get a mortgage.

2. Bill Clinton then doubled-down on the Community Reinvestment
Act and greatly lowered mortgage standards to
allow a lot more unqualified borrowers to get loans.

3. Bill Clinton’s Attorney General, Janet Reno, then intimidated
banks with threats of legal action if they
did not give loans to unqualified borrowers who
would not have the income to pay the loans back.

4. A member of the Clinton administration, Franklin Raines
was then put in charge of Fannie Mae by Bill Clinton. Fannie
Mae bought up a majority of the bad loans made by
banks to unqualified borrowers. Raines then falsified Fannie
Mae financial reports so he could collect bonuses
which totaled over $90 million for 5 years.

5. Senator Chris Dodd, head of the Senatorial Financial
Committee, suppressed efforts by President
George W. Bush and congressional Republicans to
rein in the corruption at Fannie Mae and Freddie Mac.
He got a very favorable loan by a bank associated
with Fannie Mae and Freddie Mac. He got large political
campaign contributions from Fannie Mae and
Freddie Mac.

6. Barney Frank, head of the House of Representatives
Banking Committee, also suppressed efforts by President
George W. Bush and Congressional Republicans to
investigate corruption at Fannie Mae and Freddie Mac.

7. Barack Obama, while he was an attorney, filed lawsuits
against banks on behalf of ACORN in order to
force banks to give loans to people who could not afford
to pay them back. Obama, while he was a U.S.
Senator, also suppressed efforts by President George
W. Bush and Republican Congressmen to investigate
and rein in Fannie Mae and Freddie Mac.

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BIZARRE or WHAT?????

August 10, 2011

I-45N at Airline closed overnight after bizarre gravel truck wreck

by khou.com staff, Kevin Reece / KHOU 11 News

khou.com

Posted on August 9, 2011 at 5:54 PM

Updated yesterday at 12:07 AM

 

HOUSTON – All main lanes of Interstate 45 North at Airline are expected to be shut down overnight after a bizarre wreck involving an 18-wheeler.

Air 11 video showed the gravel truck’s trailer leaning against the overhead beam that holds up the Airline exit sign. The cab of the big rig separated from the trailer and came to a stop ahead. Severed lines spread hydraulic fluid all over the freeway.

The driver said the dump truck’s trailer began to rise as he drove down the freeway and he didn’t notice until about 5:30 p.m. when it slammed into the freeway sign overhead.

No one was hurt.

Traffic was backed up for miles after the wreck. Drivers in the lanes behind the truck were not allowed to exit. TxDOT did not want to take any chances because they did not know if the exit sign was stable.

Many of the drivers who were stuck in the traffic mess couldn’t believe their eyes.

“Wow, that’s wild I can’t believe it,” said Ronald Green. “I don’t know how he did it, but he did it.”

Isaiah Anderson, another witness, said he used to drive a rig like the one in the wreck and said he knows what happened. He said the power takeoff switch that distributes, or cuts off, power to the hydraulic lift either malfunctioned or the driver forgot to turn it off.

“You go the engage and you got the disengage, so evidently it was engaged, but it was still up when he drove off [he] and probably wasn’t paying attention,” Anderson said.

The trailer was hauled away from the overhead beam at about 9 p.m. Tuesday.

The entire structure that holds the exit sign was expected to be removed Tuesday night and all lanes were expected to be reopened before the Wednesday morning rush hour, Houston police said.

The Houston Police Department Truck Enforcement division is investigating. The driver could be held responsible for the cost of repairs to the freeway

I just want to know how can you NOT know that your trailer is rising into the dump position,  having a CDL means that you must know your vehicle and be aware at all times………….HUH didnt know it was rising…….

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NASA BLOWS AWAY GLOBAL WARMING AND CLIMATE CHANGE THEORIES

August 1, 2011

New NASA Data Blow Gaping Hole In Global Warming Alarmism

ForbesBy James Taylor | Forbes – Wed, Jul 27, 2011

http://news.yahoo.com/nasa-data-blow-gaping-hold-global-warming-alarmism-192334971.html

Related Content

  • New NASA Data Blow Gaping Hole In Global Warming AlarmismNew NASA Data Blow Gaping Hole In Global Warming Alarmism

NASA satellite data from the years 2000 through 2011 show the Earth’s atmosphere is allowing far more heat to be released into space than alarmist computer models have predicted, reports a new study in the peer-reviewed science journal Remote Sensing. The study indicates far less future global warming will occur than United Nations computer models have predicted, and supports prior studies indicating increases in atmospheric carbon dioxide trap far less heat than alarmists have claimed.

Study co-author Dr. Roy Spencer, a principal research scientist at the University of Alabama in Huntsville and U.S. Science Team Leader for the Advanced Microwave Scanning Radiometer flying on NASA’s Aqua satellite, reports that real-world data from NASA’s Terra satellite contradict multiple assumptions fed into alarmist computer models.

“The satellite observations suggest there is much more energy lost to space during and after warming than the climate models show,” Spencer said in a July 26 University of Alabama press release. “There is a huge discrepancy between the data and the forecasts that is especially big over the oceans.”

In addition to finding that far less heat is being trapped than alarmist computer models have predicted, the NASA satellite data show the atmosphere begins shedding heat into space long before United Nations computer models predicted.

The new findings are extremely important and should dramatically alter the global warming debate.

Scientists on all sides of the global warming debate are in general agreement about how much heat is being directly trapped by human emissions of carbon dioxide (the answer is “not much”). However, the single most important issue in the global warming debate is whether carbon dioxide emissions will indirectly trap far more heat by causing large increases in atmospheric humidity and cirrus clouds. Alarmist computer models assume human carbon dioxide emissions indirectly cause substantial increases in atmospheric humidity and cirrus clouds (each of which are very effective at trapping heat), but real-world data have long shown that carbon dioxide emissions are not causing as much atmospheric humidity and cirrus clouds as the alarmist computer models have predicted.

The new NASA Terra satellite data are consistent with long-term NOAA and NASA data indicating atmospheric humidity and cirrus clouds are not increasing in the manner predicted by alarmist computer models. The Terra satellite data also support data collected by NASA’s ERBS satellite showing far more longwave radiation (and thus, heat) escaped into space between 1985 and 1999 than alarmist computer models had predicted. Together, the NASA ERBS and Terra satellite data show that for 25 years and counting, carbon dioxide emissions have directly and indirectly trapped far less heat than alarmist computer models have predicted.

In short, the central premise of alarmist global warming theory is that carbon dioxide emissions should be directly and indirectly trapping a certain amount of heat in the earth’s atmosphere and preventing it from escaping into space. Real-world measurements, however, show far less heat is being trapped in the earth’s atmosphere than the alarmist computer models predict, and far more heat is escaping into space than the alarmist computer models predict.

When objective NASA satellite data, reported in a peer-reviewed scientific journal, show a “huge discrepancy” between alarmist climate models and real-world facts, climate scientists, the media and our elected officials would be wise to take notice. Whether or not they do so will tell us a great deal about how honest the purveyors of global warming alarmism truly are.

James M. Taylor is senior fellow for environment policy at The Heartland Institute and managing editor of Environment & Climate News.