Archive for the ‘Banking’ Category

THE NEW DEM CIVIL WAR: RACE VS CLASS

Thursday, May 4th, 2017

 

RACE VS CLASS: THE NEW DEM CIVIL WAR

Fight white men or Wall Street?

MAY 2, 2017

Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam.

EXCERPT FROM THIS ARTICLE: 

The old left insists that social differences will fade away under Socialism. The intersectional left believes that without social deconstruction, Socialism will just mean white supremacy and hetero-cis power.

The old left believes that the true enemies are the billionaires and that working class white men must be enlisted to fight them. The intersectional left will take money from billionaires to fight working class white men who are the real enemy.  That is the Bernie and Obama split in a nutshell.  Obama will take money from Wall Street to fight white men. Bernie wants white men to fight Wall Street.   Both factions of the left are utterly deranged. Their ideologies are built on hatred and can only cause misery. And they are now fighting each other for control of the left, the Dems and the country.

 

The Democrats have ended their unity tour more divided than ever. Unlike Republican quarrels, their war is mostly ignored by the media. And yet it will define what the left and its plan to take over the country will look like.

When Hillary lost, she didn’t just lose the White House. She also lost the DNC. Her loyalists, already discredited for their brazen tampering to disenfranchise Sanders supporters, had to make way for Obama’s people. The Clinton legacy is over. The Dems belong to Obama now.

Or do they?

When Obama inherited the DNC from the Clintons, he also inherited their bitter enemy.

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CORDRAY ‘YOU’RE FIRED”

Wednesday, April 19th, 2017

 

The Consumer Financial Protection Bureau was the brain child of Elizabeth Warren.   Nancy
THE WALL STREET JOURNAL

You’re Fired,’ Trump Should Tell Richard Cordray

Under a dubious statute, the CFPB head can be dismissed only for cause—but there’s plenty of it.

April 13, 2017 6:56 p.m. ET

Messrs. Rivkin and Grossman practice appellate and constitutional law in Washington.

The greatest mystery in Washington involves not Russian spies or wiretaps but Richard Cordray’s continued employment as director of the Consumer Financial Protection Bureau. In the face of President Trump’s mandate for change, Mr. Cordray continues the Obama administration’s regulatory crusade against lenders, blocking access to the credit that supports so many small businesses and so much consumer spending.

Why would a president who made a TV show out of firing underlings now suffer a subordinate who refuses to get with the pro-growth agenda he campaigned on? If reports from the West Wing are to be believed, Mr. Trump’s unusual timidity is the result of overcautious legal and political advice.

Mr. Cordray is insulated from presidential control by a New Deal-era innovation: a statutory clause that allows the president to fire an independent agency head only “for cause,” meaning “inefficiency, neglect of duty, or malfeasance in office.” In October a three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia struck down that restriction as an infringement of the president’s constitutional authority to “take care that the laws be faithfully executed.”

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HILLARY SUPPORTS OPEN BORDERS AND MORE REFUGEES

Saturday, October 8th, 2016

 

Open Borders is a very controversial subject but all one has to do is look at the enormous problems that Open Borders has caused in Europe,   If a nation does not control its borders, it cannot control its sovereignty.   Nancy

Leaked Hillary Clinton Speech to Foreign Bank: ‘My Dream Is a Hemispheric Common Market with Open Trade and Open Borders’

by JULIA HAHN7 Oct 2016Washington D.C.
EXCERPT FROM  THIS ARTICLE: 

  • The Center for Immigration Studies’ Steve Camarota has projected that, based on the minimal figures Clinton has put forth thus far, Clinton could add 10 million new immigrants to the U.S. during her first term alone – in addition to the 11 million illegal immigrants Clinton has said she plans to amnesty within her first 100 days in office.
  In closed-door remarks delivered to a foreign bank, Hillary Clinton declared that her “dream is a hemispheric common market, with open trade and open borders.”

This statement from one of Clinton’s private paid speeches was discovered in leaked emails of Clinton’s campaign chair, John Podesta, which were made public by WikiLeaks.

One email, which provided partial transcripts of some of Clinton’s speeches, reads in part:

*Hillary Clinton Said Her Dream Is A Hemispheric Common Market, With Open Trade And Open Markets. *

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OBAMA-CLOWARD-PIVEN-SOROS-SAUL ALINSKY-ACORN

Monday, September 26th, 2016

 

www.americanthinker.com/articles/2008/09/barack_obama_and_the_strategy.html

  
AMERICAN THINKER

 

September 28, 2008

Barack Obama and the Strategy of Manufactured Crisis

 

By James Simpson  James Simpson is a former White House  staff economist  and budget analyst.  His writings have been published in American Thinker, Washington Times, FrontPage Magazine, Defense Watch, Soldier of Fortune and others.

 

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.

Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama’s connections to his radical mentors — Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and hisDiscover the Networks.org have also contributed a wealth of information and have noted Obama’s radical connections since the beginning.

Yet, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.

But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.

The Cloward-Piven Strategy of Orchestrated Crisis

In an earlier post, I noted the liberal record of unmitigated legislative disasters, the latest of which is now being played out in the financial markets before our eyes. Before the 1994 Republican takeover, Democrats had sixty years of virtually unbroken power in Congress – with substantial majorities most of the time. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?

Why?

One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.

I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent – the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It describes their agenda, tactics, and long-term strategy.

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PHOTOS – STEPHEN MOORE – ICON LECTURE

Tuesday, September 20th, 2016

 

ICON Lectures partnered with Civitas Institute to present Stephen Moore as our guest speaker on Tuesday, September 13, 2016 in Chapel Hill, North Carolina.  Stephen Moore is the Chief Economist for the  Heritage Foundation , a former editor of the Wall Street Journal and is an economic adviser to the Donald Trump campaign.    His presentation was on our nation’s economy and as you scroll down through the photos from the event,  you will see a few of the slides on our economy that he spoke about.   
ICON’s next lecture on October 18, 2016,  will present as our guest speaker,  Diana West, author of “The Death of  the Grownup” and “American Betrayal” .  Diana will be speaking on Cultural Marxism and the Frankfurt School and how this ideology created “political correctness”.   
For tickets and additional information, please go to www.iconlectureseries.com
The following photos were taken at the Stephen Moore event.  Nancy
Stephen Moore, Guest Speaker

Stephen Moore, Guest Speaker

Stephen Moore with Janie Wagstaff, President ICON Lectures

Stephen Moore with Janie Wagstaff, President ICON Lectures

Stephen Moore and Linda Hester, Regent Gen. Davie Chapter, NSDAR, Durham

Stephen Moore and Linda Hester, Regent Gen. Davie Chapter, NSDAR, Durham

Francis DeLuca, President, Civitas and Nancy Clark, ICON board member

Francis DeLuca, President, Civitas and Nancy Clark, ICON board member

From the left:   Dee Park, John Rowerdink, Chairman, Moore County Republicans and Carol Wheeldon

From the left: Dee Park, John Rowerdink, Chairman, Moore County Republicans and Carol Wheeldon

Jim Wickes, Wynne Coleman and Pam Stevens, representing  the Wake County Taxpayers Association

Jim Wickes, Wynne Coleman and Pam Stevens, representing
the Wake County Taxpayers Association

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Marif and David Minshall

Marif and David Minshall

From the left:  Barbara and Ron Conner and Meg Gresham, ICON board member

From the left: Barbara and Ron Conner and Meg Gresham, ICON board member

B.J. and Barry Vogel

B.J. and Barry Vogel

From the left:  Wynne Coleman, Pam Stevens and Tony Bruno

From the left: Wynne Coleman, Pam Stevens and Tony Bruno

Don Hunter, Diane Roush and Marilyn Roush

Don Hunter, Diane Roush and Marilyn Roush

Charles Hamner and Dan Dyer

Charles Hamner and Dan Dyer

From the left:   Cheri Hardman and Dr. Laura Gutman, ICON board member

From the left: Cheri Hardman and Dr. Laura Gutman, ICON board member

Parker Morris, Lane Cobble and Noel Fritsch

Parker Morris, Lane Cobble and Noel Fritsch

From the left:  Noel Freelander, Kimberly Rosario Sanchez, ICON board member, Larry Beckler, Marlene Waller and Kathy Arab, Friend of ICON

From the left: Noel Freelander, Kimberly Rosario Sanchez, ICON board member, Larry Beckler, Marlene Waller and Kathy Arab, Friend of ICON

Old Friends !  Stephen Moore and Bonnie O'Neill

Old Friends ! Stephen Moore and Bonnie O’Neill

Stephen Moore and Bonnie and Seamus O'Neill

Stephen Moore and Bonnie and Seamus O’Neill

From the left:  Bonnie O'Neill, Gladys Kofalt, Rachel Orstad and Nancy Clark

From the left: Bonnie O’Neill, Gladys Kofalt, Rachel Orstad and Nancy Clark

From the left:  Mary McKinney and Karen Macomson

From the left: Mary McKinney and Karen Macomson

From the left:  Susan Amalong and Grete Yanke

From the left: Susan Amalong and Grete Yanke

From the left:  Dwight and Susan Thomas and Nancy and Bob Erdmann

From the left: Dwight and Susan Thomas and Nancy and Bob Erdmann

Stephen Moore and Phil Wolf

Stephen Moore and Phil Wolf

From the left:  Pamela Ransohoff and Cheri Hardman

From the left: Pamela Ransohoff and Cheri Hardman

P.J. and Ray Gentry

P.J. and Ray Gentry

From the left:   Jim and Wendy Ball, Jim Kofalt, Steve and Ruth Bishop and Gladys Kofalt

From the left: Jim and Wendy Ball, Jim Kofalt, Steve and Ruth Bishop and Gladys Kofalt

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From the left:  Terry Wiegers, Friend of ICON and Jane Hogan, ICON Advisory Board

From the left: Terry Wiegers, Friend of ICON and Jane Hogan, ICON Advisory Board

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From the left:  Nancy Clark,  and Bob  and Mary Lou Drake

From the left: Nancy Clark, and Bob and Mary Lou Drake

Ed Sanchez, Justin Sanchez and Andrea Rock, ICON board member

Ed Sanchez, Justin Sanchez and Andrea Rock, ICON board member

From the left:  Marlene Waller, Matt Arnold and Mary Lopez Carter

From the left: Marlene Waller, Matt Arnold and Mary Lopez Carter

From the left:  Kimberly Rosario Sanchez and Andrea Rock, ICON board members

From the left: Kimberly Rosario Sanchez and Andrea Rock, ICON board members

From the left:  Carollyn Carlo, Germaine Parre and Joy Hollar

From the left: Carollyn Carlo, Germaine Parre and Joy Hollar

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OBAMA’S CASH-FOR-JIHAD PROGRAM

Monday, September 19th, 2016

 

NATIONAL REVIEW
OBAMA’S CASH-FOR-JIHAD PROGRAM
by ANDREW C. MCCARTHY 
 Andrew C. McCarthy is a senior policy fellow at the National Review Institute and a contributing editor of National Review
September 17, 2016 
Let’s give Iran, a certified state sponsor of terrorism, billions in cash. What could go wrong? The Obama State Department is convinced that Syrian dictator Bashar Assad and his regime’s cronies are financing terrorism. How come? Well, because they conduct business in cash.
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THREE PLANELOADS OF CASH ARE SENT TO IRAN

Friday, September 16th, 2016

 

Family Security Matters

More U.S. Ransom Payments to Iran Revealed

by FRED FLEITZ September 13, 2016

The Obama administration finally admitted that, in addition to the $400 million in foreign currency secretly flown to Iran on January 17, 2016, it also sent Iran two more planeloads of $1.3 billion in cash over the following 19 days.

Since these payments coincided with the release of four Americans illegally held by Iran, they have been widely condemned as ransom. The Obama administration disputes this and claims that the payments were to settle a U.S. debt to Iran incurred during the rule of the Shah. However, after initially insisting there was no link between the $400 million payment and the release of the Americans, the administration said on August 18 that it delayed this payment as leverage to ensure that Iran would release the U.S. prisoners.

The additional payments were an open secret in Washington ever since an August 22 New York Sun article by Claudia Rosett revealed 13 transfers of $99,999,999.99 from the Treasury Department to the State Department’s “Judgment Fund” (a fund used to resolve foreign claims) on January 19, 2016, to pay an undisclosed foreign claim. Rosett wrote that the State Department acknowledged in letters to Congress in March that the United States paid $1.3 billion out of the Judgment Fund to Iran as interest on the $400 million payment but did not explain how this money was paid.

(more…)

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HAVE YOU CHECKED YOUR RISK LEVEL LATELY?

Wednesday, August 31st, 2016

 

THE WALL STREET JOURNAL

Have You Checked Your Risk Level Lately?

Federal obligations and guarantees have ballooned since 2009. Taxpayers are on the hook for trillions.

If you asked most Americans how much loan risk they’ve undertaken over the last decade, they would probably look puzzled. Few are in the lending business.

But how about the risk Americans have taken on collectively, through the lending and loan guarantees of the federal government? The exposure of taxpayers to delinquencies and defaults on federal loans and guarantees has ballooned since 2009. Add that to the soaring national debt and the excessive obligations of federal entitlement programs and you have what some might call an “existential” issue.

“Stimulus” programs have more than doubled the national debt—while providing little stimulus—since Barack Obama took office. The budgetary cost of servicing that debt will double over the next decade, even if the Federal Reserve manages to keep interest rates at current low levels. It’s also widely understood that without serious reforms there is no way the government can fulfill the promises made to oldsters and the disabled by Social Security and other safety-net programs.

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THE CLINTONS AND THE REAL HOUSING CRASH

Thursday, June 16th, 2016

 

Are the Clintons the Real Housing-Crash Villains?

Let’s revisit this piece of financial history, before Hillary rewrites it.

By Larry Kudlow & Stephen Moore– Larry Kudlow is a contributing editor of National Review. Stephen Moore is chief economist at the Heritage Foundation.— May 28, 2016

EXCERPT FROM THIS ARTICLE:  The seeds of the mortgage meltdown were planted during Bill Clinton’s presidency. Under his HUD secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in “credit-deprived” areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn’t comply with these rules, regulators reined in their ability to expand lending and deposits.
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THEY WANT YOUR IRA

Saturday, April 9th, 2016

 

www.wsj.com/articles/they-want-your-ira-1459985170

THE WALL STREET JOURNAL

They Want Your IRA

The White House pushes investors toward government accounts.

Secretary of Labor Thomas Perez in Washington D.C. on April 30, 2015.
Secretary of Labor Thomas Perez in Washington D.C. on April 30, 2015. Photo: CQ-Roll Call,Inc.

The Department of Labor says its so-called fiduciary rule will make financial advisers act in the best interests of clients. What Labor doesn’t say is that the rule carries such enormous potential legal liability and demands such a high standard of care that many advisers will shun non-affluent accounts. Middle-income investors may be forced to look elsewhere for financial advice even as Team Obama is enabling a raft of new government-run competitors for retirement savings. This is no coincidence.

Labor’s new rule will start biting in January as the President is leaving office. Under the rule, financial firms advising workers moving money out of company 401(k) plans into Individual Retirement Accounts will have to follow the new higher standards. But Labor has already proposed waivers from the federal Erisa law so new state-run retirement plans don’t have the same regulatory burden as private employers do.

This competitive advantage could be significant. Last month the board of California’s new “Secure Choice” retirement plan wrote to state legislators about their “exciting win” in Washington. They reported that employers enrolling workers in the new government-run plan “would have no liability or fiduciary duty for the plan.” Score! The California bureaucrats added that “we have been given the green light to auto-enroll workers into an Individual Retirement Account (IRA).”

(more…)

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