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.
Posted in ACLU, aiding and abetting, Al Gore, american taxpayer, anti-American, Anti-Bush, Appeasement, ballot stuffing, biased media, Blogroll, borders, Campaigns, civil rights, Clinton, CNN, co-president, congress, contamination, corruption, crime hike, Cronyism, damaged goods, deception, Democrats, depression, DFL, drive by media, earmarks, economy, elected office, environmental damage, ethics violations, failure, Family destruction, framework, freedom, gas tax, General, government, Harkin, Harry Reid, hate, hatred, Hillary, Ideals, Ideals, values, friends, Illegal Immigration, Intelligence Leaks, internal regs, judiciary, Keith Ellison, kickbacks, legislature, liars, lies, lip service, misspending, misspent, Mob Connections, mrs. clinton, MSNBC, musings, NAACP, Nancy Pelosi, nationalize, no real job, over taxation, papers, pelosi, political commentary, poor house, pork barrel spending, president, pro illegals, quid pro quo, rangel, rascism, rascist, Rep. Oberstar, SEIU, senate, senate floor, skeptics, social engineering, Speaker of the house, spoiled child, spoiled home owner, subpoenas, taxes, TEACHERS UNION, terrorists, The greater evil, toxic waste, U.S. Attorney, Uncategorized, UNION, values, waxman | 4 Comments »
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…….
Posted in Uncategorized | Leave a Comment »
A Man's Musings 
THE REAL MESS
August 10, 2011What 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
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.
Posted in ACLU, aiding and abetting, Al Gore, american taxpayer, anti-American, Anti-Bush, Appeasement, ballot stuffing, biased media, Blogroll, borders, Campaigns, civil rights, Clinton, CNN, co-president, congress, contamination, corruption, crime hike, Cronyism, damaged goods, deception, Democrats, depression, DFL, drive by media, earmarks, economy, elected office, environmental damage, ethics violations, failure, Family destruction, framework, freedom, gas tax, General, government, Harkin, Harry Reid, hate, hatred, Hillary, Ideals, Ideals, values, friends, Illegal Immigration, Intelligence Leaks, internal regs, judiciary, Keith Ellison, kickbacks, legislature, liars, lies, lip service, misspending, misspent, Mob Connections, mrs. clinton, MSNBC, musings, NAACP, Nancy Pelosi, nationalize, no real job, over taxation, papers, pelosi, political commentary, poor house, pork barrel spending, president, pro illegals, quid pro quo, rangel, rascism, rascist, Rep. Oberstar, SEIU, senate, senate floor, skeptics, social engineering, Speaker of the house, spoiled child, spoiled home owner, subpoenas, taxes, TEACHERS UNION, terrorists, The greater evil, toxic waste, U.S. Attorney, Uncategorized, UNION, values, waxman | 4 Comments »