Sometimes a Little Satire is Needed to Drive Home a Point!
Often it is best to use humor to drive home a point! And here's the point that very few seem to know... Obama was arguably the #1 Chief Architect of the Financial Crisis! I'll prove my point just below...
I am THE whistle blower that can back it up because I was there! I worked on Wall Street (Merrill Lynch) for 10 years and also built a mortgage banking operation from my basement that grew over 12 years into one of the top 200 largest mortgage banking companies in the country with over 300 employees in 39 states. I served on my state's mortgage association Board (and was President as well) for 4 years. That required me to be in Washington D.C. each quarter, along with other states' Board members and Presidents, with legislators, lobbyists from the biggest banks and mortgage banks, regulatory officials, HUD Secretaries, state Attorneys General and others. Many of these meetings were closed door sessions and we saw / heard all the lobbying and rationalization that justified the abuses of homeowners that is a national scandal now - the subprime mortgage induced meltdown of the global economy.
I am THE whistle blower that can back it up because I was there! I worked on Wall Street (Merrill Lynch) for 10 years and also built a mortgage banking operation from my basement that grew over 12 years into one of the top 200 largest mortgage banking companies in the country with over 300 employees in 39 states. I served on my state's mortgage association Board (and was President as well) for 4 years. That required me to be in Washington D.C. each quarter, along with other states' Board members and Presidents, with legislators, lobbyists from the biggest banks and mortgage banks, regulatory officials, HUD Secretaries, state Attorneys General and others. Many of these meetings were closed door sessions and we saw / heard all the lobbying and rationalization that justified the abuses of homeowners that is a national scandal now - the subprime mortgage induced meltdown of the global economy.
We just re-elected the most cunning impostor to ever hold the office of the president of the U.S., and one of the biggest contributors to the global financial crisis that still holds the economy hostage!! We must educate the electorate that voted on November 6th for Barack Obama, arguably the most influential person that caused this financial crisis! Historians MUST get this right!!!
Help me help you! Jerry MacGuire (Tom Cruise) in the movie by the same name just seems appropriate here! If enough people are aware of Obama's huge role in causing The Financial Crisis, surely they will finally see that the Emperor-in-Chief has no clothes!
Help me help you! Jerry MacGuire (Tom Cruise) in the movie by the same name just seems appropriate here! If enough people are aware of Obama's huge role in causing The Financial Crisis, surely they will finally see that the Emperor-in-Chief has no clothes!
My best selling book, Skullduggery - True Causes of the Financial Crisis, is written by Ted Krager, a whistle blower and mortgage industry / Wall Street insider.
Below are two of the four Cruxes of the Book. I know 99% of people do NOT know these facts because while writing my book I did a survey with about 6,000 participants across the Left and the Right!
#1 - 1994 - Obama was part of a legal team that filed the 1st lawsuit that forced banks to lower their standards and make subprime loans. Subprime loans caused the banking industry to implode. The "bullets in the gun" were subprime mortgages. Without those, the Financial Crisis would not have occurred. The banks and Wall Street exacerbated it, but take way those bullets - no meltdown!
Obama constantly rails against "Fat Cat Bankers and Wall Street firms that gamed the system and changed the rules." NO they didn't! Obama was on the team of lawyers that changed the rules and gamed the system!! He is getting away with perhaps the biggest political fraud and hypocrisy ever perpetrated on the public and that speaks volumes about our current Pretender-in-Chief!
Obama constantly rails against "Fat Cat Bankers and Wall Street firms that gamed the system and changed the rules." NO they didn't! Obama was on the team of lawyers that changed the rules and gamed the system!! He is getting away with perhaps the biggest political fraud and hypocrisy ever perpetrated on the public and that speaks volumes about our current Pretender-in-Chief!
#2 - January 2002 - A Harvard Law Professor asks for and is granted a special meeting with the Senate banking Committee on January 8th, 2002. He presents a multi-year case study of over 3,000 mortgages to the Committee, documenting extreme mortgage abuse of home buyers by the banks. Abuse was so bad that 85% of all mortgages were proven to have hidden fees, amounting to an implied interest rate of up to 114%!!! This was obviously illegal under various mortgage lending laws (RESPA) as well as a clear violation of usury laws in all 50 states. This Senate Committee had a majority of Democrats, including Chris Dodd and Chuck Schumer, so what did this group of elected officials do with this proof that home buyers were being egregiously ripped off? They buried this report! That had far reaching ramifications because 75% of subprime loans were piled on by the banks from 2002-2007. If the Committee had acted on this, there would not have been this Great Recession we are all suffering through. It was obvious, preventable and the Senate could have stopped it!
and
#3 - November 1998, President Bill Clinton passes Gramm-Leach-Bliley, repealing Glass Steagall that kept banks from using your "safe money" in checking and savings accounts as well as in Certificates of Deposit from being used in speculative investments (like subprime mortgages). The walls came down, the banks had an endless supply of funds to use for the new and significant wave of subprime mortgage borrowers (the landmark lawsuit Obama's legal team filed in 1994 settled in late 1998) and the Housing Boom was on, artificially created by political ideologies, not economic supply and demand forces. The result is displayed poignantly in the chart below:
From 1890 to 1998, it is clear that the median price of homes in the U.S. rose by about 3.5% annually, factoring out the recessions and immediate booms afterwards. BUT... from 1998 through 2006, there is an overt spurt to the upside, peaking in just 9 short years and then imploding through 2012.
Now I ask you... if even a casual observer looked at this chart, what jumps out at you? Clearly it is the aberrant explosion of home prices in 1998-1999. That would beg the Question: "What the hell happened in 1998?!" Answer: Laws changed (Obama's legal team lawsuit against the banks forcing them to make subprime loans) and the repeal of Glass-Steagall by Clinton.
This is the proverbial picture worth a 1,000 words and the evidence is simply irrefutable. Attorney Barack Obama and president Bill Clinton, two of the worst Progressive Democrats in the land, made my Top 10 List as Masters of the Meltdown. (Actually, both are in the Top 5!) They had help but now you know why both of them are desperately trying to outwit historians and voters! It is my life's desire at this time to "out" them and the inexorable message should be sent on November 6th, 2012 - CAPITALISM IS THE GREATEST SYSTEM IN THE WORLD AND THE REASON THAT MILLIONS OF PEOPLE RISK THEIR LIVES TO COME HERE AND MAKE A LIFE FOR THEMSELVES!
THE ONLY TIME THAT FREE MARKETS DO NOT WORK IS WHEN SOCIALISTS LIKE BARACK OBAMA AND BILL CLINTON AND ALL THEIR CHICAGO ACOLYTES BASTARDIZE THE PRINCIPLES ON WHICH THE U.S. WAS FOUNDED ON TO SPREAD THE WEALTH AROUND AND LEVEL THE PLAYING FIELD WITH WEALTH REDISTRIBUTION.
WE ARE SMARTER THAN THIS AMERICA! WE KNOW BETTER! DO NOT LET OBAMA AND HIS CHICAGO THUG, SAUL ALINSKY-ites DO THIS TO THE UNITED STATES!
Here are the two best (of many) comments I have received from people who have read this book:
"Ted, I spent my career on Wall Street as a bundler of mortgage backed securities (MBS) and retired after 28 years in 2003. I had no idea what was going on but many of my life-long friends there retired in 2007 because they could see the debacle coming. However, none of them knew what the origin of all this was. Your book explained it perfectly. You dotted the i's and crossed the t's and called out the right people... consider me now informed and mad as hell. I'm so tired of hearing Obama blame "fat cat bankers and greedy Wall Street people for the debacle he is responsible for." Gary H.
"Ted, your book is going to cause a lot of pain for a lot of people who were part of the liberal machine in the Clinton administration that went to such lengths to strong-arm the banks into lowering their lending standards and make mortgage loans to millions of people with poor credit, spotty job history and little to zero downpayments. (I hope you live in a gated community!) I knew from our bank's computer models that a large portion of these people predictably would default on their loans. It was insanity." Gail S.
FINAL MESSAGE FROM Ted Krager:
Fellow Conservatives and believers in the free market, capitalistic system that built the U.S. into the best, strongest nation on the planet, I need your help! PLEASE spread the word... Tweet, Blog, eMail or call your friends, family, neighbors and co-workers the URL's below:
http://www.skullduggerybook.blogspot.com/
OR
http://www.skullduggerybook.com/
Fellow Conservatives and believers in the free market, capitalistic system that built the U.S. into the best, strongest nation on the planet, I need your help! PLEASE spread the word... Tweet, Blog, eMail or call your friends, family, neighbors and co-workers the URL's below:
http://www.skullduggerybook.blogspot.com/
OR
http://www.skullduggerybook.com/
OR
(The lowest cost for the book is at Amazon!!! and the eBook is available there too. Kindle only!)
Tweet or Email these URLs to your contacts...
Enough people are not yet educated about Obama's involvement in causing the Great Recession and he was re-elected! Therefore my #1 mission in life for writing this book was to expose Obama so historians get it right! He is indeed an impostor. (The Amateur is also a great book that exposes Obama BUT NOT HIS ORIGINS to the Financial Crisis - NO ONE KNOWS THIS!!!)
HELP ME HELP YOU!!!
Enough people are not yet educated about Obama's involvement in causing the Great Recession and he was re-elected! Therefore my #1 mission in life for writing this book was to expose Obama so historians get it right! He is indeed an impostor. (The Amateur is also a great book that exposes Obama BUT NOT HIS ORIGINS to the Financial Crisis - NO ONE KNOWS THIS!!!)
HELP ME HELP YOU!!!
Ted Krager
PS - Yes, I moved into a very gated community!
PS - Yes, I moved into a very gated community!
PS #2 - The book is almost 500 pages long so it is like a novel in that respect. But this is no "fairy" tale like a novel. It is the true story of how the far-left ideologies of the Democratic party are trying to take down America. The story is well documented with footnotes, links and suggested other readings. At the back of the book is also a stick-figure PowerPoint Presentation that circulated the internet among the mortgage industry in late 2008. It is an R-rated, direct and accurate depiction of what actually happened but it leaves out one important item - a list of the Chief Architects of the Financial Crisis and their motivations for causing this orchestrated take-down of the economy. THAT message is only in Skullduggery! True Causes of the Financial Crisis.
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