The
awful truth about Eliot Spitzer is . . .
he was about to succeed in saving
our economy and the homes of millions of mortgage holders when he was
assassinated by the very criminals who have now looted the US treasury and
saddled you and me with debts to foreign investors which neither we nor our
children nor our grandchildren will live to pay down.
I can't tell the story any better
than this video:
But I likewise can't neglect to
include Spitzer's nearly year-old article:
|
washingtonpost.com > Columns Predatory
Lenders' Partner in Crime How
the Bush Administration Stopped the States From Stepping In to Help Consumers By Eliot Spitzer Thursday, February 14, 2008; Page
A25 Several years ago, state attorneys
general and others involved in consumer protection began to notice a marked
increase in a range of predatory lending practices by mortgage lenders. Some
were misrepresenting the terms of loans, making loans without regard to
consumers' ability to repay, making loans with deceptive "teaser"
rates that later ballooned astronomically, packing loans with undisclosed
charges and fees, or even paying illegal kickbacks. These and other
practices, we noticed, were having a devastating effect on home buyers. In
addition, the widespread nature of these practices, if left unchecked,
threatened our financial markets. [full article here] |
Finally, I owe it to the reader to
include this excellent and as usual insightful article by the unstoppable Greg Palast, and a podcast to boot:
|
The
$200 billion bail-out for predator banks and Spitzer charges are intimately
linked By Greg Palast March 14th, 2008 While New York Governor Eliot Spitzer
was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the
road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was
secretly handing over $200 billion
in a tryst with mortgage bank industry speculators. [full article here] [podcasts:] Hear The Palast
Report weekly on Air America Radio’s
Clout. Greg Palast
Reads "Eliot's Mess" [12:04m]: Download Greg Palast
on Corporate Watch Radio [28:25m]: Download Elliot Spizter
Gets Nailed Pt 1 [17:04m]: Download Elliot Spizter
Gets Nailed Pt 2 [2:41m]: Download |
Lastly, I owe you a link
to the current scholarly footnoted article by Prof. Peter Dale Scott of UC
Berkeley on GlobalResearch.ca
(very likely the finest trove of reality anywhere) by means of which I became
aware of these resources:
Martial
Law, the Financial Bailout, and War
and the free podcast of his interview
with the proprietor of that website and its founder (on Sept. 9, 2001!!), economics
professor at Univ. of Ottawa Michel Chossudovsky.
— yours
for a bleak future, unless we stand up as one in massive numbers —
