THE REAL MESS

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.

Phyllis Kahn or DREAM KILLER

This lady phyllis kahn is trying to do a backdoor attempt to deny the private parachioal High School DeLasalle that has been on Nicollet Island For over a hundred years educating the students that went to the school.

The 1983 Nicollet Island Agreement set aside 1.7 acres of land so that DeLasalle that was adjacent to school covering a non historic street called oak grove. At that time School didn’t have the money to build the football field, rather they focused on the schools primary goal of educating kids. During that time the school almost closed but a plan was devised and it saved the school to the point where it now receives over 300 application for the 9th grade class every year with only 200 applicants are accepted both paying and tuition assisted students.

Now that the high school can focus on building a field that will be shared with the minneapolis park board, with the high school taking care of the maintence and upkeep of the field.

Phyllis Kahn has come to see that the lease that she has with the park board as her house and land as hers. She has lied and connived to make sure that the school doesn’t get the field. Why is it that only a small cadre were the only ones to know about the lottery to buy the houses for a dollar. Was the lottery publicized for everyone in the twin cities to buy a chance.

The following are 99 year lease holders of houses on the island for 23 years or less, where as the School has been there for over 100 years. They view the island as their private retreat and want DeLasalle to move so that their idyl life wont be interupted by children

• phyllis kahn
• Barry Clegg
• jeffery strand
• Janet Demming
• John Chaffee
• Victor Grambsch
• Patrick Scully
• Christine Viken

ms kahn says she is for the children unless it intrudes on her own island, I would call that two faced and to have her be removed from office.

The lease holders should have no say until they have been on the island as long as DeLasalle High School has been.