Sometimes, Sorcha makes sense....... -----Original Message----- From: Sorcha Faal [mailto:[email protected]] Sent: Tuesday, February 16, 2010 6:07 PM To: undisclosed-recipients: Subject: Obama Plot To Throw 30 Millions Of Americans From Homes in favor of Banksters Uncovered
[Ed. Note: This report should be read from its website location at http://www.whatdoesitmean.com/index1338.htm as this email copy does not contain the links embedded in the original report.] February 16, 2010 Obama Plot To Throw Millions Of Americans From Homes Uncovered By: Sorcha Faal, and as reported to her Western Subscribers New reports coming from the United States today are revealing one of the most insidious plots to have ever been perpetrated against the American people and will leave an estimated 30 million of them homeless as their wealth is transferred to the elite bankers currently ruling over them and led by President Obama. To fully understand this plot to destroy the entire middle class of the United States one must know about the banking giant behind it named Goldman Sachs, who put Obama into the American presidency for the express purpose of committing the largest robbery in the entire history of the World, and who in the riveting article about this banking giant by the Rolling Stone Magazine titled "Inside The Great American Bubble Machine" they are blamed for "engineering every major market manipulation since the Great Depression", and which, in part, states: "The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s - and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet." Presiding over the Goldman Sachs "empire" (valued in the trillions of dollars), and Obama's defacto boss, is their Chairman and CEO, known as the "Sun God", Lloyd Blankfein, and who in a London Times interview this past November (2009) says that even though he proudly pays himself more in a year than most of us could ever dream of - $68 million in 2007 alone, a record for any Wall Street CEO, to add to the more than $500 million of Goldman stock he owns - he insists he's still "a blue-collar guy". Even more astounding than his proclaiming himself to be a "blue-collar guy" was Blankfein telling the London Times in this interview that he was doing "Gods Work" in his looting of nearly the entire wealth of the United States, and as we can read: "Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn't look like a place to stop and stare, and that's just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in Wall Street black, clutching black briefcases and BlackBerrys, are very, very private. They walk quickly from their black Lincoln town cars to the lobby, past, well, nothing, really. There's no name plate on the building, no sign on the front desk and the armed policeman stationed outside isn't saying who works there. There's a good reason for the secrecy. Number 85 Broad Street, New York, NY 10004, is where the money is. All of it. It's the site of the best cash-making machine that global capitalism has ever produced, and, some say, a political force more powerful than governments. The people who work behind the brass-trim glass doors make more money than some countries do. They are the rainmakers' rainmakers, the biggest swinging dicks in the financial jungle. Their assets total $1 trillion, their annual revenues run into the tens of billions, and their profits are in the billions, which they distribute liberally among themselves. Average pay this recessionary year for the 30,000 staff is expected to be a record $700,000. Top earners will get tens of millions, several hundred thousand times more than a cleaner at the firm. When they have finished getting "filthy rich by 40", as the company saying goes, these alpha dogs don't put their feet up. They parachute into some of the most senior political posts in the US and beyond, prompting accusations that they "rule the world". To how much of the World Goldman Sachs owns it must first be understood who their main enemy is, the equally powerful (and just as evil) European banking monolith controlled by the Rothschild's, both of whom stand as puppet masters pulling the strings as to who, and won't, be elected to any office of power in the United States, and as we can read in an insightful report titled "Obama vs McCain or Goldman Sachs vs The Rothschilds" published prior to Obama's election victory: "Did it ever occur to you that perhaps your vote really doesn't matter because whatever happens in America is being orchestrated by more powerful sources? Few people understand the power and financial influence of two of the most powerful international financial houses in world history and it may very well be they are heavily involved in cutthroat competition for control of our next president. Yet the media has not even begun to question the relationship between these international bankers and our candidates for president. Well they should before it is too late. Some would argue it may already be too late as the Congress, the White House, the Federal Reserve, the Treasury Department and the two candidates have already joined forces to adopt the most comprehensive bail out of Wall Street and the banking community every seen in American history and followed it with similar action in every major nation throughout the world. How in the world did the Democrats and Republicans, the liberals and conservatives and the media of this nation all agree to such a massive commitment to save the very institutions that cheated, committed fraud, bent regulations and out-smarted the best minds in government and finance? How did people with opposing philosophies who were bitter political rivals bury the hatchet in the midst of one of the most contentious presidential campaigns in history, just a few weeks before the dramatic climax? Well perhaps the quiet involvement of Goldman Sachs and the Rothschilds may explain as these global powerhouses have been getting their way with governments since long before most modern governments even existed. In 1750, 26 years before the American Declaration of Independence the Rothschild family began their journey to become the most powerful financial family in world history and though to this day the vast majority of their holdings are privately held, estimates of their family holdings are as much as $167 trillion dollars. Strategic actions over the 258 year continuous evolvement of the Rothschilds has led to control of much of the world supply of gold, oil, diamonds and many other assets. As for Goldman Sachs, they were founded in 1869, shortly after the end of the US Civil War and at the dawning of the industrial revolution in America joining yet another family firm still around today, J.P. Morgan whose work to save the Union during the Civil War earned it many privileges during the explosion of growth in America including the opportunity to finance the Rockefeller Standard Oil empire with Rothschild money. In time the three factions would appear to undertake the most intense competition between them for control of the global financial system ever seen but in the end, though all three groups remain the sole survivors today in terms of American influence, it became known that Morgan was serving as a front for the Rothschilds in order for the Rothschilds to maintain a low profile in America. But low profile or not they dominated what happened and how it happened. As for the involvement in this election cycle, Goldman Sachs and the Rothschilds have again taken on each other with the Rothschilds jumping onto the McCain bandwagon late in the campaign while Goldman Sachs has been imbedded in the Obama campaign since the beginning. While the Rothschilds have seemingly played a much smaller role in McCain's efforts much remains to be disclosed of the Goldman role with Obama. This much can be reported. Back when Obama was a freshman candidate for Senator he was selected to be keynote speaker for the Democratic national convention in 2004. A nobody from Chicago was plucked from midair and cast into the most important slot in the convention. How he would up there remains to be revealed. Just a little over one year after being elected as a junior senator, in 2006 Obama was the featured guest before a private gathering of the Goldman Sachs executives in Chicago, an honor unheard of for someone that politically insignificant, speaking before the most powerful financial firm on Wall Street and one of the most powerful in the world. This was quietly reported in Bloomberg News. It was the launch of his presidential campaign and Goldman executives soon gave over $800,000 to jump start the Obama presidential bid along with collecting millions of dollars from their fellow Wall Street firms and clients. Oh yes, Robert Rubin became the Obama economic expert, a former CEO of Goldman Sachs. Billionaire Warren Buffet became his most trusted economic advisor, a man who was to invest $5 billion in Goldman Sachs in the height of the economic meltdown. Yet Buffet was also a personal guest of Lord Rothschild at a private conference at his English estate. The story only gets better. On May 3, 2007, Barack Obama attended an event at the Museum of Modern Art in Manhattan that was not on his public schedule and is only now surfacing. The exclusive private dinner was for Goldman Sachs traders and featured a discussion on issues by Obama moderated for the Wall Street firm by NBC's Tom Brokaw. Once again the circumstances are strange as a year later Brokaw would be moderating the second presidential debate between Obama and McCain and the economy and Wall Street were the main points of discussion. Of course the debate commission and McCain were unaware that Obama and Brokaw had already held a practice session the year earlier. Then comes the financial meltdown..." When this "financial meltdown" engineered by Goldman Sachs began during the 2008 election season for President of the United States it propelled Obama into office, where shortly after gaining power he announced a rescue plan for American homeowners called the Home Affordable Modification Program (HAMP), but which to date has hardly helped anybody, and as we can read as reported in by the Washington Times News Service in their article titled Obama foreclosure plan falters, and which says: "So far, Mr. Obama's Home Affordable Modification Program (HAMP) has helped just 66,000 homeowners permanently modify their mortgages, while millions more remain on the brink of foreclosure." Not being told the American people though about this "rescue plan" is that it was NEVER designed to help them, but to enrich the most powerful of Obama's "friends", and as we can read as reported by the Family Security Matters organization: "It all started with a phone call I received in early May/2009. The caller sounded troubled, as so many are these days. He told me he had spent several days researching his options. He owed $478,000 on his first mortgage with OneWest Bank, and $30,000 on his second mortgage with Bank of America. He and his wife were separating, and headed for divorce. He had not been able to find employment for over a year, and he had depleted all of his savings and retirement funds in order to continue making the mortgage payment over the past year. His soon-to-be ex-wife had recently had her hours cut by 50 percent, and they were having a hard time putting food on the table, much less making a $2,600 per month mortgage payment. For all intents and purposes, he was at the end of his rope. He stumbled across our website where we specialize in distressed properties - www.foreclosureuturn.com - learned what his options were and decided to proceed with a short sale. The reasons for his decision were twofold. He wanted to salvage his credit as best he could, and he didn't just want to "walk away" from his mortgage without at least trying to sell his home for market value. He, like so many other Americans, wanted to do "the right thing." Fast forward two months. We received an all-cash, no contingencies offer that would net thefirst mortgagor (OneWest Bank) $241,000. OneWest conducted a Broker's Price Opinion (similar to an appraisal), and it came back at $275,000 (same as the price on the contract). Life was good, we thought. Then the fun began. OneWest sent us a letter, approving the short sale, but under one condition: The Seller had to commit to a $75,000 promissory note, or they would proceed to foreclosure. For the life of me, I couldn't figure out why they were doing this. Arizona has an anti-deficiency statute in place, which protected my client from ever having a judgment filed against him for the loss OneWest would incur. They had my client's last two years' tax returns, his last two months' bank statements, etc. At the time, he had less than $2,000 to his name. Why are they doing this? I was so infuriated by their response that I decided to send the story to all of the news outlets in the Phoenix market. The next day, the local NBC affiliate interviewed us on the case. During a break between interviews, the reporter told me, "Bob, there is more to this story. There must be a reason they are doing this." Boy was he right! I spent the next two to three days poring over articles and blogs on the Internet regarding OneWest Bank. Finally, I stumbled across a Wall Street Journal article that described a new program that the FDIC had put in place in order to "sweeten the pot" for the investors that were purchasing the banks they had shuttered. This new phenomenon, called a "shared-loss agreement," literally made my jaw drop. You see, Indymac Bank was taken over by the FDIC and sold to OneWest Bank in March/2009. OneWest was funded by none other than George Soros (billionaire), Michael Dell (billionaire), Steve Mnuchin (former Goldman Sachs Executive), and John Paulson (hedge-fund billionaire). Now, listen to the deal they won from the FDIC: Basically, they purchased all current residential mortgages at 70 percent of par value (70 percent of the outstanding loan amounts). They purchased all Home Equity Lines of Credit (HELOC's) at 58 percent of par value! Next, in order to "sweeten the pot," the FDIC stepped in and guaranteed the following: For any residential mortgages where OneWest experiences a loss, the FDIC will step in and cover anywhere from 80-95 percent of the loss. The loss is calculated using the ORIGINAL LOAN BALANCE, not the amount that OneWest paid for the loan. Let's use my client's actual situation as an example: Loan amount is $478,000, plus 5 months of missed payments, for a grand total of $485,200. OneWest paid $334,600 for the loan when they purchased IndyMac from the FDIC. We have an all-cash, no contingencies offer to OneWest, with a Net of $241,000 (after closing costs, commissions, etc.) So, let's do the math, shall we? The net loss, according to the FDIC formula is the ORIGINAL LOAN AMOUNT minus the amount of the offer. In this case, $485,200-$241,000, or $244,200. Next, the FDIC, according to their shared-loss agreement, writes a check to OneWest for 80 percent of the so-called "net loss." So, in this case, OneWest gets a check from the FDIC for $195,360 (.80 x $244,200). Add the $195,360 (via the FDIC) to the net sales price of $241,000, and you get a grand total of $436,360. Remember, OneWest paid $334,600 for the loan. So, OneWest puts $101,760 in their pocket, thanks to the FDIC. Folks, that is over $100,000 of our hard-earned tax dollars for only one transaction! Now, the FDIC will tell you that they are not funded by taxpayer dollars but by charging premiums to the lenders. My response to their argument is this: When the banks pay higher premiums to the FDIC to cover these "sweetheart deals," they simply increase the fees that we all pay everyday to the banks. Also, as most of you know, the FDIC has been considering tapping into their $500 billion "credit card" that they have in place with the U.S. Treasury. Folks, the taxpayers ARE paying for these deals, just like we have all paid for the bailouts. So, you ask, "How does this program hurt loan modifications and short sales?" Because, our brilliant government offers this SAME PROGRAM FOR FORECLOSURES! The only difference is that the FDIC picks up 80 percent of the tab on all of the extra costs associated with a foreclosure (BPOs, upkeep, utilities/maintenance, legal fees, etc.) So, if I'm OneWest, why would I want to waste my time negotiating through a Short Sale, when I can make the same amount of money (if not more) by just letting it go to foreclosure? And we wonder why nobody can get a Loan Modification? Why would OneWest approve a loan modification for this guy, when they can foreclose and make over $100k? And, to add insult to injury, they have held this loan for six months! Not a bad ROI (return on investment), huh? What infuriates me the most is that in my particular case mentioned above, they have the guts to hold my client hostage for a $75,000 promissory note, after they are already making more than $100,000 for the sale! Can you say "GREED?" Now upon the discovery of this plot to throw millions of Americans from their homes, while at the same time funneling billions of US taxpayer money into the giant hedge funds controlled by these banksters, Obama ordered his government to quickly respond so as to keep the majority of these people from learning the truth of what was being done to them, but which was met with quick ridicule, and as we can read: "Sorry FDIC, but not only did your press release not refute the video's claims in the least, but you just dug yourself an even deeper grave as every aspiring blogger and investigative reporter will now do everything in their power to find comparable examples of blatant "slap in the face" fraud expecting you to retort to any and all allegations, ensuring 15 minutes of fame for all implicated." To the American people being able to fight back against the elite banker class headed by Obama who are destroying them there appears to be no chance as he has stacked the US government with so many Wall Street bankers and former Goldman Sachs officials as to leave one questioning who really leads that country anyway. And from other reports it appears that these Americans are now just giving up, and as we can read as reported by Britain's Guardian News Service in their article titled "Americans stock up to be ready for end of the world", and which says: "Tess Pennington, 33, is a mother of three children, and lives in the sprawling outskirts of Houston, Texas. But she is not taking the happy safety of her suburban existence lightly. Like a growing army of fellow Americans, Pennington is learning how to grow her own food, has stored emergency rations in her home and is taking courses on treating sickness with medicinal herbs. "I feel safe and more secure. I have taken personal responsibility for the safety of myself and of my family," Pennington said. "We have decided to be prepared. There all kinds of disasters that can happen, natural and man-made." Pennington is a "prepper", a growing social movement that has been dubbed Survivalism Lite. Preppers believe that it is better to be safe than sorry and that preparing for disaster - be it a hurricane or the end of civilisation - makes sense. Unlike the 1990s survivalists, preppers come from all backgrounds and live all over America. They are just as likely to be found in a suburb or downtown loft as a remote ranch in the mountains. Prepping networks, which have sprung up all over the country in the past few years, provide advice on how to prepare food reserves, how to grow crops in your garden, how to hunt and how to defend yourself. There are prepping books, online shops, radio shows, countless blogs, prepping courses and prepping conferences." One can only hope that other Americans will follow and begin preparing for the worst as history has always shown that when tyrants fall they take everything, and everybody else with them. C February 16, 2010 EU and US all rights reserved http://www.whatdoesitmean.com/index1338.htm -- Sorcha Faal [email protected] *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check for daily real news posts and support the truth! 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