Obama's Very Large but Little Known Role in Causing the Meltdown (Financial Crisis 2007-2010)

This blog ain't fancy but it's chock full of little known information Obama & his ilk don't want you to know!

Like this story from The Daily Caller:

With 1995 landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/#ixzz2qycNJHNc

I take a poll every 30-60 days (since early 2008) to see if awareness is growing re: Obama's big role in causing the banks to implode, taking down the global economies in the process. Sadly, the answer is no.

One of Obama's lies as he was campaigning to become POTUS was more or less this soundbite, repeated incessantly: "The Fat Cat Bankers and Greedy Wall Street investment banks were reckless and took down the economy."  From March 2008 to the election in November 2008, Obama repeated this mantra at every single campaign stop he had as he criss-crossed the U.S. looking for votes.  You see I worked on Wall Street, Merrill Lynch for the better part of 15 years and was quite involved in mortgage banking and securitization of those loans.  When I saw the quality of these loans steadily and swiftly fall from AAA to A to BBB to B, and yet they were all being labeled and sold as AAA, I knew something was egregiously amiss and I became my own investigative reporter!

Where were all these subprime loans coming from?

Why were so many subprime loans being originated by banks and mortgage banks.

Why were the Ratings Agencies like Moody's and Standard & Poors still rating them as AAA?

Who was behind this growing charade?

My research led me to:
Peter J. Wallison, Sr Fellow of the American Enterprise Institute, who was writing numerous briefs for AEI that called out the reality that subprime mortgages were a house of cards and would eventually collapse the banking system.

And to:
Harvard Professor Howell Jackson and his testimony to the Senate Banking Committee in January 2002:
http://www.gpo.gov/fdsys/pkg/CHRG-107shrg84933/html/CHRG-107shrg84933.htm

and here

http://www.banking.senate.gov/02_01hrg/010802/jackson.htm

and to Neal Munro's article here:
http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/#ixzz2qycNJHNc

(Neal Munro is Tucker Carlson's researcher.)

#1 - so Obama was instrumental as a young lawyer in forcing banks to make a growing number of subprime loans and in forcing the banks to buy those loans in spite of not having the charters to buy anything but prime loans!

#2 - Obama has (so far) successfully implicated the banks and Wall Street investment banks as the reasons for the Financial Crisis when in fact he was one of the chief architects!

#3 - Peter J. Wallison pointed all this out his his many writings at www.aei.org

#4 - Howell Jackson went before a Senate Banking Committee in January 2002 and told them the bubble was building and that homebuyers were being ripped off with excessive (and illegal) fees in violations of all 50 states' usury laws, and the Senate Banking Committee buried this report!

NO ONE IS LISTENING BECAUSE OBAMA'S ARMY AND ALL THE DEMOCRATS ARE LOUDER THAN THE REST!

Follow all the links in this blog post. Read. Learn. Understand. And in November 2014, vote all the Liberal Idiots out of D.C and do it again in November 2016.

Ted Krager



  

SUBPRIME MORTGAGE ARMAGEDDON!

                                >>>EXPOSE BARACK OBAMA*<<<

                  *Obama had a very significant role in causing the Financial Crisis

>>*SUPPORT WOUNDED WARRIORS*<<

* 25% of THE profits of SKULLDUGGERY book sales go to Wounded Warriors

SUBPRIME MORTGAGE ARMAGEDDON! 

3 Proverbial Pictures Worth 1,000 Words!

#1 The new and amazing book just to the right

#2 The very revealing, tell-all chart just below

#3 The blockbuster book: Skullduggery! TRUE Causes of the Financial Crisis, toward the bottom.

#1- It's no coincidence that *AEI Sr Fellow and Scholar Peter J. Wallison's new book depicts Barack, Chris and Barney on the cover with the prophetic words: "Bad History, Worse Policy / How a False Narrative about the Financial Crisis Led to the Dodd-Frank Act"

*American Enterprise Institute www.aei.org (Go there, search "Peter J. Wallison" and read his substantial, decades long writings about the true causes of the Financial Crisis.

#2 - The chart / graph just below WILL MAKE YOU ASK: "What the hell happened in 2008!?"

#3 - The front of my book: Skullduggery! True Causes of the Financial Crisis (at the bottom) leaves zero doubt that sinister forces were at work in D.C., causing the Financial Crisis.


If you take a few minutes to read / study this post, polls show you will then know more than 93% of people know about the true origins of, the ideologies of and the people who orchestrated The Financial Crisis!  (There is more on Peter J. Wallison's new book toward the bottom of this post!) 

It's time we change the false narrative that: "Fat Cat Bankers, Greedy Wall Streeters & the Failed Policies of the Previous Administration" caused the Financial Crisis.  It may be an 'inconvenient truth' for the real guilty parties but it's a blatant lie.  Scholars and Sr Fellows like >Peter J. Wallison< (more on him below) and historians are hard at work to set the record straight and make certain that the guilty parties get their due "credit" for the history books.  (It is NOT a coincidence that Peter J. Wallison placed Barack, Chris and Barney on his book cover!)

Yes... it's all a very big lie first uttered in 2008 by presidential candidate *Barack Obama to divert attention away from his very significant role in causing the worst recession since The Great Depression.  (He had help but Obama makes the Top 3 list and the other two economic pinheads in the Top 3 are also on the cover of the new book just above!)

* At the link just below is the story about the 1995 landmark lawsuit Barack Obama was part of (he was on a team of Chicago lawyers) that set the wheels in motion that forced banks to make what we know now as "subprime loans", falsely labeled as AAA securities, that accrued over a 10 year period on the balance sheets of banks, mortgage banks, investment banks and other investment accounts around the world.  Of course these loans predictably started defaulting, eventually causing 40% or more of all home mortgages to default (2% defaults were the norm since 1940) and the world's economies came crashing down like so many dominoes.  Thank you Barry, Barney and Chris.

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/

YOU MUST READ THE STORY AT THAT LINK!  In the end analysis, over 50% of minorities, the very people Obama professed to be helping, lost their homes to foreclosure between 2009 and 2012.  Oh the irony that befell an overzealous political ideologue!  It brings to mind the cliche:  'With friends like that, who needs enemies?'

>>*SUPPORT WOUNDED WARRIORS*<<

* 25% of THE profits of SKULLDUGGERY! book sales go to Wounded Warriors

Skullduggery! True Causes of the Financial Crisis
This groundbreaking book became a best seller in January 2013, causing great angst in liberal political circles.  It's now a groundswell and ruffling a lot of feathers inside & outside the beltway!

#2 - Here is the 2nd picture worth 1,000 words:
(Ready for some details that virtually no one outside Wall Street, the mortgage banking industry or certain Senate and House Banking and Finance committees know?  Here it comes!)

QUESTION #1 - Why did the price of homes in the U.S. average a 3.5% annual increase from 1890 to 2008 and then suddenly and overtly spike 90% in price from 1997 through 2006?
ANSWER:  In large part because of a 1995 lawsuit by Barack Obama, Bill Clinton's passage in 1998 of Gramm-Leach-Bliley and because liberals on the Senate Banking Committee in 2002 BURIED the results of Harvard Professor Howell Jackson's findings on over 3,000 mortgages - this study proved home buyers were being egregiously ripped off by the banks with APR's as high 114%!  If that Senate Banking Committee had acted on the findings of Professor Jackson's multi-year study, the Financial Crisis most likely would have been averted!!!  For your consideration, here is a short list of some notables that were on that January 2002 Senate Banking Committee that are still in the news today:

Chris Dodd // Chuck Schumer // Phil Gramm // John Kerry // Chuck Hagel

Does anyone else see a pattern here...  Think about this - some of the most ardent liberals in Congress and staunch supporters of subprime mortgages, BURIED the incontrovertible conclusions that banks were ripping people off with subprime mortgages, hidden fees, pre-payment penalties, negative amortization loans (the balance actually increased with each payment), margins on ARM's (adjustable rate mortgages) that GUARANTEED the interest rate would go up even if overall interest rates were declining, and more!

Professor Jackson pointed all this out to this January 2002 Senate Banking Committee and they BURIED IT!  If instead they had acted on this information and stopped the madness, there would not have been a meltdown of the economy!!!  Are you mad as hell yet?

* http://www.gpo.gov/fdsys/pkg/CHRG-107shrg84933/html/CHRG-107shrg84933.htm

   and here

   http://www.banking.senate.gov/02_01hrg/010802/jackson.htm

(There is data / proof in this 2nd link much earlier in the document that shows the egregious abuse of homebuyers... 85%-90% of all loans had hidden fees that amounted to as much as 75% of the overall costs of the loan. Think about that! 75% of the fees a home buyer paid were unknown to them and this occurred on 85%-90% of all home loans!  And the 2002 Senate Banking Committee knew this and buried it!!!)

QUESTION #2 - What the hell happened in 2008 to cause such a spurt in home prices?
ANSWER: The culmination of events, mostly from 1998 to 2005, set in motion what became known as the Subprime Mortgage Boom (tsunami is more like it).

QUESTION #3 - Who were the primary architects of the Housing Boom = Housing Bust = The Great Recession of 2007-2013 and counting?
ANSWER: *Barack Obama, Bill Clinton, *Chris Dodd, *Barney Frank, Maxine Waters, Chuck Schumer, Robert Rubin, Chuck Schumer, Sandy Weil, Henry Paulson, Andrew Cuomo, Franklin Raines, Jamie Gorelick and these are only the MAJOR players, tax cheaters and curmudgeons!

* Note again these 3 career and corrupt politicians adorn the cover of Peter J. Wallison's new book! 

QUESTION #4 - Was this done on purpose?
ANSWER: An argument can be made that it was indeed done on purpose and in Skullduggery!, I lay out information and some facts that support that premise.

LEARN THE COMPLETE ANSWERS TO THOSE QUESTIONS AND MANY MORE.

>>>>>>>>EXPOSE BARACK OBAMA<<<<<<<<

#3 - Here is the 3rd picture worth 1,000 words:
Skullduggery! True Causes of the Financial Crisis by Ted Krager, a Wall Street and Mortgage banking Executive, is blowing the whistle / pulling back the curtain on  the MAJOR role that Barack Obama had in destroying not only the U.S. economy, but in causing the global contagion  caused by subprime mortgages.

<> The link just below is a 1 minute 13 sec video on this best-selling book.<>

http://www.youtube.com/watch?v=WRGKbgmU94A 
                                                               

http://www.skullduggerybook.com/

OR

of course at Amazon:

SUPPORT WOUNDED WARRIORS*

* 25% of THE profits of SKULLDUGGERY book sales go to Wounded Warriors

http://www.amazon.com/s/ref=nb_sb_ss_i_0_24?url=search-alias%3Dstripbooks&field-keywords=skullduggery+true+causes+of+financial+crisis&sprefix=skullduggery+true+causes%2Cstripbooks%2C281

(Available in hardback, paperback, Kindle or Nook.)

Back to Peter J Wallison's new book - Bad History, Worse Policy ...he gave me permission to use a great deal of his Wall Street Journal and American Enterprise Institute writings in Skullduggery!

His book comes out on February 19th, 2013.  It further documents excellently and completely the roles that not only Barack Obama played in causing The Financial Crisis, but a host of other Congressional liberals and their supporters who played god with the housing market and in the process took down the global economy.

• Learn more about the book here:

*  http://www.aei.org/book/economics/financial-services/bad-history-worse-policy-how-a-false-narrative-about-the-financial-crisis-led-to-the-dodd-frank-act/

• I was given a pre-release copy 2 weeks ahead of the release date and I have read the book.  It leaves ZERO doubt about who the ARCHITECTS OF THE FINANCIAL CRISIS are. It names them, their actions, the dates of those actions, their intentions and the ongoing repercussions the global economy will continue to suffer for a lot of years.

READ THIS MAN's BIOGRAPHY at the link below!  HE IS ONE OF THE MOST KNOWLEDGEABLE SCHOLARS IN THE WORLD ON THE HOUSING INDUSTRY, FANNIE MAE, FREDDIE MAC, THE FRAUD PERPETRATED ON THE PUBLIC AND THE TRUE CAUSES OF THE FINANCIAL CRISIS!

**  http://en.wikipedia.org/wiki/Peter_J._Wallison

You will appreciate this man's life work.  He has worked for several Governors, vice-Presidents, Presidents and presidential candidates.

>>*SUPPORT WOUNDED WARRIORS*<<

* 25% of the profits of SKULLDUGGERY! book sales go to Wounded Warriors

FOR POLITICAL JUNKIES ON YOUR LIST!!!

Wounded Warrior Project                                                

 www.woundedwarriorproject.org 

Update: Through 1-30-12, we have raised $1,951 for Wounded Warriors... Outstanding and Thank You All!  (details below...)

So, based on requests - we are extending this into February!

Make sure you see the graph below!!  It's the proverbial picture worth 1,000 words!  Once you know the hidden agendas of the people that caused the radical implosion of the U.S. and Global Economy, you WILL BE angry!


The political and / or book junkies on your list, as well as anyone else who wonders "What the hell happened in 1997 (see the graph below) that culminated in the 2007-2010 meltdown and Financial Crisis... the undisputed and worst recession since The Great Depression?" are going to devour this book!
25% of the profits will go to the Wounded Warrior Project!

My two previous best-selling books (Google either / both of them):
Dirty Little Secrets of the Mortgage Industry
Scams, Shams and Flim-Flams of the Mortgage Industry

My guarantee to you: if you read this book, you will learn and know more than 93% of the population knows about the people who caused the Financial Crisis!  The names, the dates, the acts and the reasons are all in this book and the facts are all documented for you to research if you choose to do that!

A number of Twitter Followers and others with family members or friends in the military that have bought my book, have asked me recently if I would consider donating some of the profits of book sales to the Wounded Warrior Project.  And the easy answer is YES!  We have a son in the military so nothing could be nearer and dearer to my family; I should have thought of this first!

So, we are donating 25% of the profits from book sales to Wounded Warriors and we are more than happy to do it!

If you are hearing of: Skullduggery! True Causes of the Financial Crisis for the first time and / or you are among the 93% who DO NOT know precisely what, when, why and who orchestrated the
worst recession since the Great Depression, keep reading!  I am a just-retired Wall Street and Mortgage Banking Executive who was there.... right in the middle of the two industries that imploded, taking the economies of the world right down the toilet.  I saw and heard things plus did almost 2 years of research and what I learned really made me angry and... I'm blowing the whistle and pulling zero punches!

FOR THOSE POLITICAL JUNKIES ON YOUR LIST OR THE BOOKWORMS WHO INSIST ON READING EVERYTHING, ESPECIALLY A GREAT "WHO DONE IT" MYSTERY - This is a TRUE STORY FROM A MAD-AS-HELL WHISTLEBLOWER!

SKULLDUGGERY, True Causes of the Financial Crisis IS THE TICKET!!  

25% of profits will go to the Wounded WarriorProject!

QUICK!  The aberration away from the 118 year trend line in the chart below is obvious. From
1890 to 1998, smoothing out the small peaks and valleys caused by recessions and the attendant recovery years, the average annual home price increased by about 3.7%.  But from 1998 to 2006, the average price of a home in the U.S. rose by 86%!  A thinking person MUST ask: "What the hell happened in 1997 to cause such an OVERT explosion in the price of homes?

If you can name the people, the Acts, the lawsuits, the dates and the ideologies of this orchestrated manipulation of the housing market, you are among the 7%.  It is also clear it was a very quick BOOM and
BUST and the BUST caused the implosion of the U.S. and the GLOBAL ECONOMIES!!

Folks - this recession we are still living in, regardless of the "official" December 2007 to June 2009
period for this Great Recession, was caused by this equation:

Housing Boom = Housing Bust = Markets Implosion = Great Recession.

BUT... in the first 6 months of the HOUSING BUST, the media called it the... SUBPRIME MORTGAGE CRISIS and that was SPOT ON! Soon, very uncomfortable politicians and media turned the narrative to calling it THE FINANCIAL CRISIS!  Why?  To take the focus off subprime mortgages because they are the source and they are afraid someone will pursue the obvious question:

WHERE AND DID ALL THESE SUBPRIME MORTGAGES COME FROM AND WHO ARE THE IDIOTS THAT HOISTED ALL THESE TOXIC MORTGAGES ONTO THE BALANCE SHEETS OF FINANCIAL INSTITUTIONS ALL AROUND THE WORLD?!  AND WHY THE HELL WERE THEY INEXPLICABLY RATED AAA, INVESTMENT GRADE SECURITIES?


IF YOU WERE ONE OF THE ARCHITECTS OF THE FINANCIAL CRISIS, HOW HARD
WOULD YOU TRY TO COVER YOUR ASS AND ATTEMPT TO REWRITE HISTORY?
TO WHAT LENGTHS WOULD YOUR ZEAL TO ESCAPE THIS INFAMY GO?  THE OBFUSCATION OF THE FACTS IS ONGOING... THE GUILTY PARTIES WILL STOP AT NOTHING TO PREVENT THEIR EXPOSURE!




My Credentials:
I am a former Merrill Lynch executive and I also built a 2-person small company from my basement into a thriving 310 employee mortgage banking operation in 39 states. (Yes! I Built it!) I was there, right smack in the middle of the industries that imploded the economy and caused The Financial Crisis.

From 2002-2005, I served on my state's Mortgage Association Board and was President from 2004-2005.  I also owned a title insurance company with 21 employees and served on the Board of my state's RESPRO (Real Estate Services Providers Council).

Because of those two Board positions, I was in Washington D.C. 4-6 times per year with my counterparts from the other states.  We were in more closed door meetings with Senators, Representatives, State Attorneys General, HUD Secretaries, RESPA's (Real Estate Settlement Procedures Act - the laws and regulations for the mortgage banking industry) Chief Enforcement Officer and lobbyists from the largest banks and mortgage banks in the U.S.  We saw and heard quite bit that had we known all of it at one time and connected the dots, we would have seen The Financial Crisis coming.  But at that time, in the moment, we were too close to the forest to see the trees.

Then, on December 14, 2008, I was watching Scott Pelley of CBS' 60 Minutes program, and heard him refer to the Financial Crisis as "the hole that Wall Street dug." (See the 12 minute video  at this link:
http://www.youtube.com/watch?v=iUuROWEMjm0  

I jumped from my chair and screamed at the television because I knew Pelley was lying to the American people!  I started writing Skullduggery! True Causes of the Financial Crisis within a matter of days because people deserve to know the truth and history must record correctly the architects of the worst Financial Crisis since the Great Depression, and why they did this.
Did the guilty parties do this on purpose?  It is my belief that they did but you can make up your own mind after reading my book, which is almost 500 pages long and represents 2 years of research to make certain I got my facts right and documented them for readers and historians.

So - the MILLION $$$ question: What caused the Financial Crisis?

And the most direct answer is: Subprime Mortgages

It's that simple and... that complicated.

The obvious next question is:  Who created Subprime Mortgages?

Follow the intricate, myriad trail of bread crumbs woven throughout the book and you will know who, when, how and why the U.S. is suffering its worst (and man-made) recession since The Great Depression!

The primary purpose for writing this book was to make certain that I found all those breads crumbs, traced them back to the origin and exposed all the people who were involved in imploding the U.S. economy right in the middle of one of the strongest growth periods / boom times in U.S. history.   My research connected the dots and led me to people, events and reasoning for all of this that I did not expect!  As you might surmise, if I was surprised by almost all of this, the average American not from Wall Street and mortgage banking is surely going to be surprised and I predict also MAD AS HELL!

In the book, you will read about political intrigue, back room dealings, middle of the night signings of crucial pieces of legislation, very little-known connections of powerful people, 3 previous examples of politicians' cronyism - bailing out the banks and others after they made colossal blunders (at taxpayer's expense of course) and much more!  This is Washington D.C. undressed and exposed like you've never seen or read before!

I moved to a gated community and am fending off threats and intimidation of all kinds because the people I have outed in this book are not happy I have illuminated them and highlighted their "contributions" to The Great Recession of 2007-2012 and counting.  

The book will make you Mad-As-Hell but it will also put you into the 7% of the population that knows the True Causes of the Financial Crisis that will no doubt be taught in future history books.

SPOILER ALERT!!!

Because some of you asked... YES - Barack Obama is in my Top 10 List in the Book that I refer to as:  The Top 10 Chief Architects of the Financial Crisis

(and he is guilty on so many counts and in so many ways with regard to his fingerprints being all over The Financial Crisis.)

1 minute video about the book:

http://www.youtube.com/watch?v=WRGKbgmU94A&feature=plcp

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More information about the book and my background:

http://www.skullduggerybook.com/

Link to Amazon where you can buy the book:

http://www.amazon.com/s/ref=nb_sb_ss_i_0_18?url=search-alias%3Dstripbooks&field-keywords=skullduggery+true+causes+of+financial+crisis&sprefix=skullduggery+true+%2Cstripbooks%2C371

Amazon reduced the Kindle version on 12-11-12 from $11.99 to $8.99!

The Nook version is available at www.barnesandnoble.com for $7.55 

If you don't have a Kindle or a Nook but want an eBook, send me an email at:

dcskullduggery@gmail.com

I can then email you instructions on how to get an encrypted* pdf copy of the book for your laptop / desktop / tablet. 

* Make sure you download the pdf to the source you want to read it on. If it is emailed or loaded onto a Zip / Flash drive, the text will become unreadable.

Here's to the unmitigated TRUTH about the Financial Crisis being exposed!

Obama is Victim of Bush's Failed Policies

Who will the Obama Democrats Blame For These Next 4 Years?  Surely it can't / won't be George W. Bush anymore?!  The column below appears in Chapter 7 of my book: Skullduggery! True Causes of the Financial Crisis  http://www.skullduggerybook.com/

Note the date of this column and also know that the writer, Chuck Green, is a life-long Democrat an former editor-in-chief of the Denver Post. And they re-elected Obama...

Obama is a Victim of Bush's Failed Promises
Greener Pastures Column -- 5/15/10 

Barack  Obama is setting a record-setting number of  records during his first year in office.
… largest budget ever… largest deficit ever… largest number of broken promises ever... most self-serving speeches ever... largest number  of agenda-setting failures ever… fastest dive in popularity ever.  Wow! Talk about change.

Just one year ago, fresh from his inauguration celebrations, President Obama was flying high. After one of the nation's most inspiring political campaigns, the election of America's first black president had captured the hopes and dreams of millions.  To his devout followers, it was inconceivable that a year later his administration would be gripped in self-imposed crisis.

Of course, they don't see it as self-imposed.  It's all George Bush's fault.

George Bush, who doesn't have a vote in congress and who no longer occupies the White House, is to blame for it all.

He broke Obama's promise to put all bills on the White House web site for five days before signing them.

He broke Obama's promise to have the congressional health care negotiations broadcast live on C-SPAN.

He broke Obama's promise to end earmarks.

He broke Obama's promise to keep unemployment from rising above 8 percent.

He broke Obama's promise to close the detention center at Guantanamo in the first year.

He broke Obama's promise to make peace with direct no precondition talks with America's most hate-filled enemies during his first year in office, ushering in a new era of global cooperation.

He broke Obama's promise to end the hiring of former lobbyists into high White House jobs.

He broke Obama's promise to end no-compete contracts with the government.

He broke Obama's promise to disclose the names of all attendees at closed White House meetings.

He broke Obama's promise for a new era of bipartisan cooperation in all matters.

He broke Obama's promise to have chosen a home church to attend Sunday services with his family by Easter of last year.

Yes, it's all George Bush's fault.  President Obama is nothing more than a puppet in the never-ending failed Bush administration.

If only George Bush wasn't still in charge, all of President Obama's problems would be solved.  His promises would have been kept, the economy would be back on track, Iran would have stopped its work on developing a nuclear bomb and would be negotiating a peace treaty with Israel.  North Korea would have ended its tyrannical regime, and integrity would have been restored to the federal government.

Oh, and did I mention  what it would be like if the Democrats, under the leadership of Nancy Pelosi and Harry Reid, didn't have the heavy yoke of George Bush around their necks?  There would be no ear marks, no closed-door drafting of bills, no increase in deficit spending, no special-interest influence (unions), no vote buying (Nebraska, Louisiana).

If only George Bush wasn't still in charge, we'd have real change by now.

All the broken promises, all the failed legislation and delay (health care reform, immigration reform) is not President Obama's fault or the fault of the Democrat-controlled Congress.  It's all George Bush's fault.

Take for example the decision of Eric Holder, the president's attorney general, to hold terrorists' trials in New York City.  Or his decision to try the Christmas Day underpants bomber as a civilian.

Two disastrous decisions.

Certainly those were bad judgments based on poor advice from George Bush.

Need more proof?

You might recall that when Scott Brown won the election to the U.S. Senate from Massachusetts, capturing "the Ted Kennedy seat", President Obama said that Brown's victory was the result of the same voter anger that propelled Obama into office in 2008.  People were still angry about George Bush and the policies of the past 10 years. And they wanted change.

Yes, according to the president, the voter rebellion in Massachusetts was George Bush's fault.

Therefore, in retaliation, they elected a Republican to the Ted Kennedy seat, ending a half-century of domination by Democrats.  It is all George Bush's fault.

Will the failed administration of George Bush ever end, and the time for hope and change ever arrive?

Will President Obama ever accept responsibility for something... anything?

Chuck Green is a veteran Colorado journalist and former editor-in-chief of The Denver Post. 

The 2nd Wave of the Financial Crisis is Here! FHA (Federal Housing Administration) Loans Imploding!

WAKE UP AMERICANS!!!

The Federal Housing Administration (FHA) is the 2nd wave of the housing crisis. The Wall Street Journal article of 11-20-12 (link at the bottom) painfully lays out the numbers and the history of abuse of the FHA by progressive politicians.  The abuse of the housing / mortgage markets is what caused the Financial Crisis and that fact is indisputable, yet the Obama administration has thus far successfully laid that blame on "the failed policies of the previous administration" and the "fat-cat bankers and greedy Wall Streeters." No!

This next paragraph is point #5 in acknowledgements in my book: Skullduggery! True Causes of the Financial Crisis   http://www.skullduggerybook.com/

Five - To all citizens of the U.S. that recognize The Financial Crisis of 2007-2012 was man-made.  This recession was not a normal ebb and flow of financial cycles.  This "worst recession since the Great Depression" was man-made, caused by racial activists, community organizers, three presidents and all their progressive ilk in Congress who cast aside common sense and proven mathematical models that forecast giving (subprime) mortgages to people (black, brown, white or in between) with poor credit, little downpayment and poor job histories would end badly.  My generation, the Baby Boomers, produced a small group of liberal people within the Democratic party that became wealthy, powerful and guilt ridden over their good fortunes.  They sought to level the playing field for those less privileged in life, a very admirable goal on the surface.  The trillion or so dollars that has been spent to shore up the U.S. economy could have literally been given directly to the less fortunate across the U.S. and they would have come out far better and we would not have experienced The Great Recession.  The saddest irony of the progressive Baby Boomers' experiment gone wild is that they hurt most the very people they wanted to help (and the rest of us in the process!).  Rarely do career politicians, activists and community organizers have the business acumen to run the largest corporation in the world - the United States of America and this has once again been proven beyond the shadow of doubt.

Carter, Clinton and Obama - the chief architects of the Financial Crisis... less than 7% of the country knows this...

YOU must know this full story.  Why?  Because history MUST record this correctly.  Otherwise we are doomed to see this repeated, over and over again as long as progressive politicians and presidents view the income and taxes paid by Americans as their piggy bank / dollars to spend on far-left, social justice, spread the wealth around projects.  "Affordable Housing" (subprime loans) were the root cause of the Financial Crisis.  Knowing where all of those shitty mortgages came from and why is to know the truth.

The FHA - Federal Housing Administration - the next $16.3B - $93.7B in FHA insured housing is defaulting NOW (11-20-12 Wall Street Journal).  It was predictable; it was forecast by many economic scholars even while the Obama administration was refuting those claims and ramping up the FHA after Fannie Mae and Freddie Mac imploded.   

Here's the link to that story:

http://online.wsj.com/article/SB10001424127887323551004578119151344157858.html?mod=ITP_opinion_2

WAKE UP PEOPLE!  THE HOUSING / FINANCIAL CRISIS WAS NOT AN ACCIDENT! 

It was the realization of "social justice" we have heard so much about since Obama came on the scene in the 2008 election.

FoxNews - Middle Class Tax Warfare-50% of Your Take-Home Pay!

Half Your Paycheck To The Government In 2013!

The president is convinced Americans need to pay more in taxes. Here's what he said yesterday.

“I think everybody out there understood that was an important debate and the majority of voters agreed with me. By the way, more voters agreed with me on this issue than voted for me! So we've got a clear majority of the American people who recognize if we're gonna be serious about deficit reduction we gotta do it in a balanced way."

But let me tell you, come January 1, you're probably not going to be happy with the amount of taxes you're paying. That's because it's not just Federal taxes that you pay.

A middle class taxpayer pays 25% percent of their income in Federal Income Tax. Sounds, ok?

Then there is the Federal Social Security and Medicare payroll tax of 13.3%. You pick up 5.65% while you're employer pays 7.65%. Add them up and that's 38.3% of middle class family incomes going to Uncle Sam. But we aren't done, not by a long shot.

According to the Tax Foundation, the average state's income tax rate on the middle class is 4.82%. Of course, some states have it and some don't, but we're taking an average here.

Now the total: 43.12% of middle class income to taxes.

Oh, and I almost forgot, unless congress makes a move, Federal Income taxes go to 28% for middle income folks next year as the Bush tax cuts expire.

Neither party has said they want that to happen, but in Washington, well, you never know.

Also the payroll tax for those folks will go to 15.3% from 13.3%percent.

Did I mention state, property, corporate, and excise taxes? No?

All told, next year, total taxes will go to almost 50% for the middle class; the very group that the president says he wants to protect. That means 50 cents out of every dollar earned has to go to the government. Half of everything will go to an entity that didn't earn that money, and shouldn't be entitled to all that dough.

Unbelievable. You think most Americans agree that's fair?

I don't think so.

Here's the link at FoxNews:

Read more: http://www.foxbusiness.com/on-air/willis-report/blog/2012/11/15/half-your-paycheck-government-2013#ixzz2COxzA362

Today We Mourn the Loss of an Old Friend - Common Sense

An Obituary printed in the London Times.

  

Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure
How old he was, since his birth records were long ago lost in bureaucratic red tape.

He will be remembered as having cultivated such valuable lessons as:

- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair;
- And maybe it was my fault.

Common Sense lived by simple, Sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge).

His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place.
Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.

Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.

It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.

Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.

Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.

Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.

Common Sense was preceded in death,
-by his parents, Truth and Trust,
-by his wife, Discretion,
-by his daughter, Responsibility,
-and by his son, Reason.

He is survived by his 5 stepbrothers;
- I Know My Rights
- I Want It Now
- Someone Else Is To Blame
- I'm A Victim
- Pay me for Doing Nothing

Not many attended his funeral because so few realized he was gone.

If you still remember him, pass this on. If not, join the majority and do nothing.

on another matter...

What the Hell happened in 1997-1998? (see picture below)

The median price of homes rose 3.5% for 108 years... until 1997.

To know the answer to that question is to understand the who, when and why that caused The Great recession of 2008-2012 and counting.  Less than 7% of the U.S. population knows these answers. Want to be one of the 7%?  Scroll down and read the next blog below this one! (This will make you angry!)

TRUE CAUSES of the FINANCIAL CRISIS! (not the BS that BO spews!)

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.

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!     

                                                       

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!

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/

#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!

http://banking.senate.gov/02_01hrg/010802/jackson.htm

and

http://www.law.harvard.edu/faculty/hjackson/pdfs/january_draft.pdf

#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!

                                                    http://www.skullduggerybook.com/

                                 http://www.youtube.com/watch?v=WRGKbgmU94A&feature=plcp

                                             http://www.skullduggerybook.blogspot.com/

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/

OR

http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=skullduggery+true+causes+of+the+financial+crisis

(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!!!

Ted Krager

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. 

PRETENDER / COWARD-IN-CHIEF

Pretender / Coward-in-Chief Obama

Stand Down, Obama and your administration.  All of you. Stand Down. You've failed to carry out your responsibilities of office. You treated American lives, including that of an ambassador -- the official representative of your country -- with utter disregard for their safety. You've lied to us about this tragedy so many times and in so many ways you can no longer credibly lead. You are crass, vulgar and without regard for truth, law or common decency and deserve to be drummed out of office.

Worst President Ever, hands down.

Read more: http://www.americanthinker.com/2012/10/stand_down_obama_and_biden_stand_down.html#.UI0LC2og_QU.twitter#ixzz2AabKko5h

Watch this video!  THE best anti-Obama campaign ad I have seen, by far!

http://www.youtube.com/watch?v=gsa4uLmTw0M

Send your Follower / Friends / Family here to watch this video.

Are you aware that Obama was one of the MAJOR Architects of the Financial Crisis, destroying Hispanic and Black communities in the process via his role as a young lawyer that sued banks, forcing them to make subprime loans which of course built into a bubble that imploded the economy in 2007?  Yes, Obama's fingerprints are ALL OVER The Great Recession and now we know he is also a coward when it comes to protecting our troops.

This is BIGGER than WaterGate people!  Here's proof of BHOs role in subprime mortgages:

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/

9 days to the most important election of our lifetime.

If the MSM won't expose this Pretender, we all must do it, one person at a time.

Ted Krager

http://www.youtube.com/watch?v=WRGKbgmU94A&feature=plcp

Obama's Corrupt Birds of a Feather Flock Together

Clinton is only the 2nd President of the U.S. to ever be impeached (by "that vast right-wing conspiracy") and was disbarred by the state of Arkansas.

 He also paid a $25,000.00 fine there; this was all over the Lewinski incident.

 He also paid an $850,000.00 settlement over the Lewinski incident and paid unknown settlements re: Paula Jones and Gennifer Flowers.

He was also disbarred from practicing law in front of the Supreme Court.

So Bill Clinton, a disbarred lawyer, a President who was impeached for lying under oath and obstruction of a federal investigation,

asks the American people to believe him when he says the best thing for the Country is 4 more years of Obama.

Just wanted to make sure I had it right!

Proving once again that Politics is a career path for serial liars and deceit of the American public and redistribution of wealth and for paybacks to those who vote for you.  The means justifies their (personal) ideologies and goals.  Got it?

Birds of a Feather Flock Together!

If elected to a 2nd term... what would be a no-holds barred and unfettered agenda, what would the Saul Alinsky trained, Rules For Radicals Obama-ites do to the United States?  (By the way, Hillary Rodham Clinton wrote her masters thesis at Yale University on the premise of collapsing the economy and the subsequent redistribution of wealth.)  Their core belief is to collapse the economy and spread the wealth around... a true redistribution goal of Obama's cabinet members and his army of hand picked green energy czars.

Wake Up America!

This Emperor Has No Clothes.

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/

http://skullduggerybook.blogspot.com/2012/10/obamas-worst-nightmare.html

http://www.youtube.com/watch?v=WRGKbgmU94A&feature=plcp

http://www.skullduggerybook.com/


contact Ted Krager at:  dcskullduggery@gmail.com 

Obama's RADICAL Energy / Environmental Agenda to be Enacted in a 2nd Term!

Obama ‘Punting’ on New EPA Rules Until Post-Election

A new report from Senate Republicans warns that the Obama administration and the EPA are delaying implementation of painful new regulations until after the election.  The report from the Senate Committee on Environment and Public Works’ Minority Staff, “A Look Ahead to EPA Regulations for 2013,” points to a “slew of job-killing EPA regulations that the Obama-EPA has put on hold until after the election but will be on the ‘to-do’ list for 2013.”

“As the economy has continued to falter over the past year, team Obama has been delaying rule after rule that will eliminate American jobs, drive up the price of gas at the pump even more, impose construction bans on local communities, and essentially shut down American oil, natural gas, and coal production. They don’t want this economic pain to hit American families just before the election because it would cost President Obama votes.”

The report goes on to state: “It’s pretty clear that if President Obama secures a second term, the Obama-EPA will have a very busy next four years, moving full speed ahead to implement numerous major rules and regulations that he has delayed or punted due to the upcoming election.

“The radical environmental left may not need to worry, but what about American families, who are working hard in tough economic times, trying to make ends meet?

“As the nation struggles to recover from a lagging economy in the coming year, Americans could also be grappling with a regulatory onslaught from the Obama-EPA that will strangle economic growth, destroy millions of jobs, and dramatically raise the price of goods, the cost of electricity, and the price of gas at the pump.”

The “punted” regulations include:

Greenhouse gas rules that will “virtually eliminate coal as a fuel option for future electric power generation,” and inflict new permitting costs on more than 37,000 farms.

New ozone standards that would cost $90 billion a year.

Regulations on hydraulic fracturing that will have “serious impacts on domestic energy production.”

Expansion of federal control “over virtually every body of water in the United States, no matter how small.”

Storm water regulations that could include “mandates on cities to change existing buildings, storm water sewers, and streets.”

Reductions in the sulfur content in gasoline that could boost prices by 9 cents a gallon.

Clean Water Act rules that “could require expensive new construction at power plants to lower fish deaths.” Other regulations would affect coal ash, farm dust, oil and gasoline spill prevention, and more.“This report is a wake-up call on the economic pain that the ‘abusive’ Obama-EPA plans to inflict next year,” said Sen. James Inhofe of Oklahoma, ranking member on the committee.
“It reveals a president who is more concerned about saving his own job than the millions of Americans who are looking for one today.”

This Obama Agenda Will DESTROY the U.S. Economy Just as He Destroyed the Housing Markets for Minorities in Chicago That Led to the Financial Crisis.  Didn't know this? (Few do...)  Read it Here:

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/

See 1 minute video here that is an overview of my best selling book that exposes Obama's SIGNIFICANT role in causing the Financial Crisis / Great Recession of 2007-20?? and counting.

http://www.youtube.com/watch?v=WRGKbgmU94A&feature=plcp