Tag: Banks

Obama-Caused Border Crisis Update: Dead Children Found Washed Up Along Banks Of Rio Grande

Report: Small, Lifeless, Dead Children Found “Washed Up Along Riverbank” Of Rio Grande – Gateway Pundite

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A Fox News exclusive reported this morning by Jana Winter inexplicably buried the lede.

Winter reports that several dead children have been discovered “washed up along the riverbank” of the Rio Grande, but fails to note that there have been no reports by the Obama administration on this.

This indicates a pattern of covering up dead illegal alien kids by the Obama administration. It was two weeks before news was reported on the sole child death acknowledged by the Obama administration, Gilberto Ramos, a 15 year-old boy from Guatemala whose body was found in the Texas brush dead from the heat.

From Jana Winter’s report:

“FoxNews.com accompanied Texas lawmaker Louie Gohmert, a former judge and current Republican Congressman, to the site in the pre-dawn hours of Saturday. Gohmert, whose district lies some 550 miles northeast of what has become the most heavily-trafficked people-smuggling route in the world, has been to the location many times, but has never seen it so understaffed and overwhelmed.

““I’m more concerned than ever [that the border is] so seriously undermanned and I’ll be raising hell in Washington,” Gohmert, who invited FoxNews.com to see the situation first-hand, would later tell Border Patrol officials.

“The Border Patrol agents loaded and unloaded their vehicles packed with the newly-arrived illegal immigrants – including women pregnant or nursing infants, and small, unaccompanied children – throughout the evening and early morning hours. At first, they were mostly teenagers, ages 14 to 17, arriving with their mother or brothers or no one at all. Then came the pregnant women. A mother nursing her infant. A small girl with wide eyes clutching a doll.

“A total of 72 came in during the first dark hours of Saturday morning. A third were unaccompanied children.

“The life jackets helped many make it across the Rio Grande from Reynosa, the Mexican city across the water from Mission, just west of McAllen. Sources say they come over on rafts ferried by the so-called “coyotes,” the human smugglers whose means of transport are rendered useless whenever discovered by the Border Patrol. Many don’t make it across the river; multiple sources became emotional when recounting their discoveries of small, lifeless bodies washed up along the riverbank.”

That is all Winter has to report on the dead children.

More needs to be known about the price children are paying for the Obama administration’s lawless immigration policies.

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In May of 2014, more than 9,500 unaccompanied alien children were referred to ORR – an increase of more than 850% since 2012. (MIN)

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*VIDEO* Everything You Need To Know About The Leftist ‘Occupy’ Movement In America

More Enron-Like Scandals By Obama Administration Officials Come To Light – The Examiner

Earlier, the Washington Post reported on how the Obama administration pressured Freddie Mac not to disclose to investors and the SEC the $30 billion in losses it was incurring as a result of Obama’s mortgage bailouts for undeserving (including high-income) borrowers.

Now, Bloomberg News reports that then-Federal Reserve Bank head (and now Treasury Secretary) “Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis,” and to hide them from the SEC in its SEC filings. Such conduct is not too surprising coming from Geithner, a sanctimonious and hypocritical tax cheat. Geithner also used the government’s bailout of AIG to pay billions of dollars to the wealthy Wall Street investment firm of Goldman Sachs, money that it neither needed to stay afloat, nor was legally entitled to.

Earlier this year, Freddie Mac’s CFO killed himself amidst a sea of red ink, as the administration forced Freddie to run up losses on mortgage bailouts, even though economists and real estate experts have criticized those bailouts as harmful to the economy. Now, the Obama administration is making Freddie Mac and Fannie Mae deliberately run up losses on bailouts and buying up risky loans, even though the government took over Fannie and Freddie in 2008 in the name of ending their risky practices. It is rewarding their executives for carrying out such terrible policies by showering them with multimillion dollar pay.

The mortgage crisis was caused partly by the reckless government-sponsored mortgage giants Fannie Mae and Freddie Mac, and partly by the affordable-housing mandates imposed on them.

But Obama’s proposed financial rules overhaul does absolutely nothing about the risky practices of Fannie Mae and Freddie Mac, admits Obama’s Treasury Secretary, Timothy Geithner, even though he admits that “Fannie and Freddie were a core part of what went wrong in our system.”

Instead, it pressures banks to make even more risky loans. The House has approved Obama’s proposal to create a politically-correct entity called the Consumer Financial Protection Agency. “The agency would be in charge of enforcing the Community Reinvestment Act, a law that prods banks to make loans in low-income communities.” The Community Reinvestment Act was a key contributor to the financial crisis. But the administration’s proposal would direct the new agency to enforce the Community Reinvestment Act without regard for banks’ financial safety and soundness.

Banks trying to pay back TARP funds being told “not so fast” by the government

Socialism anyone?

Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times.

“Our general objective is going to be what is good for the system,” the senior official said. “We want the system to have enough capital.”

 

It is all about control you see. Once government has its hooks in, well…….

H/T Conservative Scalawag

Why is our government extorting money from private companies?

Judge Napolitano reports that our government FORCED banks to take TARP money that did not need it and did not want it.

The Federal government committed extortion and they’re not being held accountable. What’s next? Listen to this: I recently met with the Chair and CEO of one of the country’s top 10 bank holding companies. His bank is worth in excess of $250 billion, has no bad debt, no credit default swaps, no liquidity problems, and no subprime loans. He told me that he and others were forced by Treasury and FDIC threats to take TARP funds, even though he did not want or need them.

The FDIC — with Treasury backing — threatened to conduct public audits of his bank unless his board created and issued a class of stock for the Feds to buy. The audit, which he is confident his bank would survive, would cost it millions in employee time, bad press, and consequent lost business.

He pleaded with the Feds to leave his successful bank alone. He begged his board to let him tell the Feds to take a hike. But they gave in. The Feds are now just a tiny shareholder, but want to begin asserting more and more control. This is a classic extortion: Controlling someone’s free will by threatening to perform a lawful act. (Blackmail is the threat is to perform an unlawful act in order to control someone else’s free will.) There are no exceptions in the statutes prohibiting extortion for government persons

 

You wanted “change” America? Well you got it! Change in the form of massive power grabs by the federal government!

H/T Blue Crab Boulevard