---------------------------------------------------------------------------
**** http://www.GOANET.org ****
---------------------------------------------------------------------------
Protect Goa's natural beauty
Support Goa's first Tiger Reserve
Sign the petition at: http://www.goanet.org/petition/petition.php
---------------------------------------------------------------------------
Mindless Tea Party rats, Merv, that's what it boils down to, all things
said. They ship out capital and manufacture abroad, to save on employee costs
and benefits. They then leave the profits abroad to escape corporate tax:
estimates now put the number at north of two trillion. Ridiculously low taxes
at home mean no medical care and services for the unemployed, a cheque for just
twelve months and little infrastructure spending.
Many countries in Europe tax industry groups that offsource, the funds are
used to redeploy and support displaced workers.
Yesterday, Citibank agreed to a six hundrd million settlement over the
housing loan bond fraud charges, the second after Bank of America which coughed
up three billion. Here is how the story goes: China lent the government
lending body, Fannie Mae, over a trillion. Fanny doled out this 'free' money
to banks, which then lent freely to builders who in turn sold freely to buyers:
no questions asked about income or ability to make loan payments.
When home buyers did not make payments, the bank's loan agreements were
worthless: not a problem, they sold 'bonds' to the public and state pension
funds that were supposedly backed by the 'value' of these homes. There is no
value in unpaid loan interest, and in the home with no resale value in a market
of unemployed citizens. Bond buyers were defrauded, clearly and knowingly.
The visa ruse will bring in more free money from abroad. It will not be
utilized by persons who need jobs, but the likes of mobsters in political and
business spheres, the world over.
---------------------------------------------------------------------------
eric pinto wrote:
Sen. Strom Thurmond would claim later that he did not block the measure in
the senate because Kennedy's Attorney General had mislead him with the
numbers: 50,000 entrants over ten years, when in fact the law was set to bring
in as many every month of the year !
----------------------------------------------------
Doc,
I was watching a Tv program this morning where some US lawmaker was pushing the
idea of granting an immigration visa to anyone who would buy a house worth
$250,000+ in the US.
Now the question I have is, what does a person do after he has bought the
house? People abandoned their houses and mortgages when they lost their jobs.
After the new immigrant buys the house, does he get to learn the lesson of
living in a community with no jobs or where everyone is leaving?
Mervyn
