US Government takes of FNMA/FMAC

Fullauto · Sep 7, 2008

Can you believe this scheisse?!
first of... The Fed is not a US government Agency... It's a Private Corporation, and If I dig a bit, I can almost guarantee that it is going to be the Fed, and not the US government that is 'acquiring' the failing loan giants... Not that it Friggen matters, because the US government borrows ALL it's money at interest from the Fed... So either way, we are getting corn-holed...

The fact that more people in this country are not alarmed by this development, tells me 2 things...

1. We are indeed a nation of Sheep... Bahhhhhhhhhh.....

2. Globalization is no more than 15 years out now... Next you will see the US/Mexico/Canada adopt a single currency, modeled after the Euro...

wez · Sep 7, 2008

Follow the money...

The Rothschild family (often referred to simply as the Rothschilds), is an international banking and finance dynasty of German Jewish origin that established operations across Europe, and was ennobled by the Austrian and British governments.
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Straight to Israel...

Where they'll use it to have us attack Iran for them..

Fullauto · Sep 7, 2008

wez said:

Follow the money...

Straight to Israel...

Where they'll use it to have us attack Iran for them..
Click to expand...

2 4 6 8, who do we appreciated?!
Zion, Zion, ZION ! ! ! !

Yea!

Don't Get me started...

(que up Deutschland Uber Alles)

wez · Sep 7, 2008

The Rothschilds were supporters of the State of Israel, and Baron Edmond James de Rothschild was a patron of the first settlement in Palestine at Rishon-LeZion. In 1917 Walter Rothschild, 2nd Baron Rothschild was the addressee of the Balfour Declaration, which committed the British government to the establishment in Palestine of a national home for the Jewish people.

James A. de Rothschild financed the Knesset building as a gift to the State of Israel.
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Who runs the fed? Ben Shalom...

Bernanke was born December 13, 1953, in Augusta, Georgia, but grew up in Dillon, South Carolina. He is the eldest of three children, having a younger brother and sister. His younger brother, Seth, is currently a lawyer in Charlotte, NC, and his younger sister, Sharon, is a prior student and longtime administrator at Berklee School of Music in Boston. His father Philip was a pharmacist and part-time theater manager, and his mother Edna was originally a schoolteacher. They were one of the few Jewish families in the area, attending a local synagogue called Ohav Shalom; as a child, Bernanke learned Hebrew from his maternal grandfather Harold Friedman, who was a professional Torah reader and Hebrew teacher.[3] His father and uncle co-owned and managed a drugstore that they bought from his paternal grandfather, Jonas Bernanke, who immigrated to the United States from Austria after World War I and moved to Dillon from New York in the 1940s.[4]
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All roads lead to the promise land..

Fullauto · Sep 7, 2008

wez said:

Who runs the fed? Ben Shalom...
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You wouldn't be the first person to assume the Jews
have somehow Hijacked a nations money...
But it is a lonely road you are walking...
But then again..
You will almost always find yourself alone with your virtues...

Fullauto · Sep 8, 2008

Fullauto said:

You wouldn't be the first person to assume the Jews
have somehow Hijacked a nations money...
But it is a lonely road you are walking...
But then again..
You will almost always find yourself alone with your virtues...

Click to expand...

(Sounds of Crickets)

Wow... that was a fricken show stopper... this is a sensative crowd
afraid to be called names are we?

snafu · Sep 8, 2008

Fullauto said:

(Sounds of Crickets)

Wow... that was a fricken show stopper... this is a sensative crowd
afraid to be called names are we?
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I thought it was just a bunch of old white haired dudes. I had no idea they were all Jews.

ImWithStupid · Sep 8, 2008

My question about this whole Freddy Mac/Fanie Mae thing is, does anyone remember Enron and Ken Lay?

Those guys were investigated in Congress, tried in federal court, and went to prison for cooking the books for about $567 million in overstated earning. The CEO of Fannie from 1999 to 2004, Franklin Raines, overstated their earnings by $6.3 BILLION.

ImWithStupid · Sep 8, 2008

hugo · Sep 8, 2008

And within a decade they will have finished taking control of our healthcare system.

ImWithStupid · Sep 8, 2008

hugo said:

And within a decade they will have finished taking control of our healthcare system.
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They want to model it off of Medicare, because they are doing such a good job wth that one...

Report Rejects Medicare Boast of Paring Fraud

By CHARLES DUHIGG
Published: August 20, 2008

Medicares top officials said in 2006 that they had reduced the number of fraudulent and improper claims paid by the agency, keeping billions of dollars out of the hands of people trying to game the system.

Mike Theiler/Reuters

Senator Charles Grassley of Iowa says an inquiry could follow the allegations.

But according to a confidential draft of a federal inspector generals report, those claims of success, which earned Medicare wide praise from lawmakers, were misleading.

In calculating the agencys rate of improper payments, Medicare officials told outside auditors to ignore government policies that would have accurately measured fraud, according to the report. For example, auditors were told not to compare invoices from salespeople against doctors records, as required by law, to make sure that medical equipment went to actual patients.

As a result, Medicare did not detect that more than one-third of spending for wheelchairs, oxygen supplies and other medical equipment in its 2006 fiscal year was improper, according to the report. Based on data in other Medicare reports, that would be about $2.8 billion in improper spending.

That same year, Medicare officials told Congress that they had succeeded in driving down the cost of fraud in medical equipment to $700 million.

Some lawmakers and Congressional staff members say the irregularities that the inspector general found were tantamount to corruption and raise broader questions about the credibility of other Medicare figures.
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Fraudulent and improper payments have long bedeviled Medicare, a $466 billion program. In particular, payments for durable medical equipment, like power wheelchairs and diabetic test kits, are ripe for fraud.

Equipment sellers have submitted counterfeit documents, forged doctors signatures and filed claims on behalf of patients who were dead or had never been seen by the prescribing physician, according to many reports by government oversight agencies.

For example, a Florida businessman was sentenced last year to 37 months in prison for submitting more than $5.5 million of fake claims to Medicare. The businessman operated for months, despite giving the agency an address that was actually a utility closet.
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The Office of Inspector Generals report details scrutiny of a program known as Comprehensive Error Rate Testing, or CERT, that audits a sample of Medicare claims submitted by sellers of durable medical equipment. That program is supposed to randomly choose claims and review the medical records and other documents supporting submitted claims to determine whether payment is justified.

According to the inspector generals report, officials at Medicare instructed AdvanceMed to disregard those policies. Instead, AdvanceMed was told to examine only the documents submitted by the companies selling the medical equipment, rather than verify those documents against physicians records.

Medicare reported to Congress that, for the fiscal year of 2006, AdvanceMeds investigations had found that only 7.5 percent of claims paid by Medicare were not supported by appropriate documentation. But the inspector generals review indicated that the actual error rate was closer to 31.5 percent.

For instance, according to the report, the Office of Inspector General examined a claim for an electric wheelchair that AdvanceMed had said was appropriate. The inspector generals investigation revealed that the physician who was listed as having prescribed the wheelchair had no knowledge of the prescription.

The person who received the wheelchair said that he had never met with the physician, that he did not need a wheelchair and that he had never used it, according to the report. His wife had also received a wheelchair that she had not asked for and never used.
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http://www.nytimes.com/2008/08/21/business/21medicare.html

Fullauto · Sep 8, 2008

wanna be a success in the US... better read up on communism/socialism

ImWithStupid · Sep 8, 2008

Fullauto said:

wanna be a success in the US... better read up on communism/socialism
Click to expand...

Join now...

Socialist Party USA
.
.
.

ImWithStupid · Sep 9, 2008

Fullauto · Sep 10, 2008

nice cartoon... I need to dust off my hammer and sickle t shirt... from back when I had more heart and less brain...

ImWithStupid · Sep 10, 2008

US Is "More Communist than China": Jim Rogers

The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.

"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich it's just bailing out financial institutions," Rogers said.

Stock markets jumped after the U.S. government's decision to launch what could be its biggest federal bailout ever, in a bid to support the housing market and ward off more global financial market turbulence.

But Rogers said in the long term the move spelled trouble.

"This is madness, this is insanity, they have more than doubled the American national debt in one weekend for a bunch of crooks and incompetents. I'm not quite sure why I or anybody else should be paying for this," Rogers told "Squawk Box Europe."
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US Is "More Communist than China": Jim Rogers - Financials * Europe * News * Story - CNBC.com

Fullauto · Sep 10, 2008

ImWithStupid said:

US Is "More Communist than China": Jim Rogers - Financials * Europe * News * Story - CNBC.com
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I have been saying this since 2003... I'm glad to see that someone had the balls to say it too...

snafu · Sep 10, 2008

Yeah know your all right but didn't we dig this hole ourselves? For one we elected a democratic Congress which I think did most of the shoveling, but what now?

ImWithStupid · Sep 10, 2008

snafu said:

Yeah know your all right but didn't we dig this hole ourselves? For one we elected a democratic Congress which I think did most of the shoveling, but what now?
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This problem has been building for more than a decade but the recent Congress did push for getting more poor people into homes using Fannie and Freddy.

Fullauto · Sep 10, 2008

snafu said:

Yeah know your all right but didn't we dig this hole ourselves? For one we elected a democratic Congress which I think did most of the shoveling, but what now?
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Ultimately, we have no one to blame for any of our problems but ourselves... Be we can only change OUR course, and others will ALWAYS to what is in thier best interest... It is ultimately up to us to make choices based on good logic, and the welfare of our own people and children...

Read the 14 words...

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