Misdirection

[Indiana Oracle]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

Like what's going on with financials? Lots going on, but it's all 'torture and investigate...' Links to WaPo and WSJ at site:

Josh Gerstein's Blog: Was Freddie pressured to toe Obama line? - POLITICO.com

April 23, 2009
Categories: Obama Administration

Was Freddie pressured to toe Obama line?
Both the Washington Post and Wall Street Journal are reporting that Freddie Mac's Chief Financial Officer, David Kellermann, who was found dead Wednesday in an apparent suicide, was involved in recent months in a heated dispute with Freddie's regulator over how to reflect costs of President Obama's anti-foreclosure program.

The Post said Kellermann and other Freddie officials "tussled" with the Federal Housing Finance Agency early last month as the company prepared to file a quarterly report with the Securities and Exchange Commission. Top executives, including Kellermann, were insistent that Freddie Mac inform shareholders of the cost to the company of helping carry out the Obama administration's housing recovery plan, the two newspapers reported. The Post, citing several unnamed sources, said the regulators "urged the company not to do so." An unnamed FHFA official who spoke to the Post disputed that, "saying the regulator did not oppose disclosure but how the information was portrayed in the filing."

In the end, FHFA reportedly retreated and Freddie formally disclosed that the Obama anti-foreclosure plan could force the firm, which is in a federal government conservatorship, to take a pre-tax charge of $30 billion.

While the Obama administration might not want to have the pricetag for its foreclosure efforts look too big, the reason regulators may have pressured Fannie to understate the cost of the program is pretty simple: both Obama and Geithner said publicly that it wouldn't have a material financial impact on Fannie or Freddie.

As Obama unveiled his foreclosure program at an event in Mesa, Ariz. on February 18, he said: "While Fannie and Freddie would receive less money in payments, this would be balanced out by a reduction in defaults and foreclosures."

And when Treasury Secretary Tim Geithner briefed reporters at the Mesa speech he said, in response to a question from POLITICO, that officials at Fannie and Freddie had concluded that the program to ease refinancing rules would actually benefit the firms' bottom lines.

“Fannie and Freddie believe that the program we announced--this refinancing program is economically sensible for them and will leave them overall in a better position going forward," Geithner said. The relevant part of the program allowed homeowners with Fannie and Freddie backed loans to refinance even if their loan represented more than 80% of the value of the home, as long as it did not exceed 105% of the home's value.

At the same briefing, Housing Secretary Shaun Donovan did say there would be a cost to Freddie and Fannie to modify some mortgages, but he said that cost would be covered by the federal TARP program.

That said, it's unclear to what degree FHFA would feel obligated to carry water for the Obama administration. FHFA Director James Lockhart had a high ranking post at the Social Security Administration under President Bush and was appointed by Bush in 2006 to head up Fannie and Freddie's regulator at the time, the Office of Federal Housing Enterprise Oversight.

and this:

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Why Is Venture Capital Under Assault?

and this:

GM Is Becoming a Royal Debacle - WSJ.com

and this:

TARP Cops - Megan McArdle

Geither's statement and all from Gerstein sounds like Barney Frank redux. That these people continue to get away with this is perhaps one of the most alarming aspects with all the other alarming things about this economic situation.

 

[xsited1]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

I thought the exact same thing. Let's face it, Obama has been screwing up big-time since January. He's already getting flack for his embarrassing display on his overseas trips. Now he needs a diversion and he's got it. Who cares if he's thrown the CIA under the bus and made the US look like the bad guy... again.

 

[Sinatra]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

 

[MaggieMae]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

Yeah, he's probably secretly setting up those FEMA concentration camps. Hey, I saw it on the Internet so it must be true!!!

 

[WillowTree]

there was a wee bit more than sleep deprivation..and no i am not saying it compares with the killing of 6 million jews/poles/gypsies....but all "crimes" by previous admins should be investigated..to say that the current admin is using the sins of the past to cover their own is a bit much...but it could be reality

and you will of course approve of punishment, incarceration and impeachment of every single solitary congresscritter who knew about it, approved it, and said nothing?? even if that includes the obamalama?? welldoyahuh?

 

[MaggieMae]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

Yeah, he's probably secretly setting up those FEMA concentration camps. Hey, I saw it on the Internet so it must be true!!!

Seriously -- Pat Leahy, et al., have been determined to thoroughly investigate "crimes" of the Bush Administration. I think Obama himself seriously wants to avoid that. He's got enough on his plate. But to appease both the far left and the moderates, and hopefully even the right, he made the decision to at least publish the fact that under the Bush Administration, they had set up possible (NOTE I SAY 'POSSIBLE') illegal justification for the kind of torture not allowed by the Geneva Conventions and against our own time-honored reputation.

Well...you don't piss off Dick Cheney.

He couldn't leave it at that, but opened a can of worms that now actually may backfire on him. The whole country is once again in an upheaval over this debate at a time when it's (a) history and (b) unimportant in the greater scheme of things because THIS president has clearly stated WE WILL NO LONGER TORTURE.

So perhaps if there's a secret mission, it's one that Cheney has orchestrated by poking around an old hornet's nest. Perhaps his rationale is to create suspicion as to Obama's motives, hoping something will dramatically send his (Obama's) popularity spiraling downward.

Who knows? But if a full-fledged investigation occurs, you can be sure it won't cast a shining light on Dick Cheney. Just the opposite. It won't be just about the torture issue, but all of it.

 

[WorldAHope]

You aren't seeing the entire picture, you are so focussed on just one tiny part.
Think bigger.
Obama is obviously trying to take take over the psuedoconspiracy airwaves and then he will
turn all the Obama hating Tin Foil hatters into his zombie love slaves.
Its gonna happen. You guys are gonna be so screwed and will be smiling.

 

[MaggieMae]

I am not prone to conspiracy, but this amount of information does give pause.

And yesterday's suicide of the CFO just seems.......too convenient?

The thing is, all of annie's info is out there in the media, it is not hidden or she would not have been able to post anything on it...so this is why I do not believe it is to "cover" what she is stating, because it is NOT being covered up....the info is out there.

the death of the guy from fannie mae is very concerning...I don't see any possible link to the government needing to rid themselves of him though and see this as nothing but extreme speculation....there would equally be a reason for Freddie owners to OUT him and i just can't go there.... other than for a second or two.

care

Actually Care, it's not all that easy to find, have to look for it, as if this change in banking nonsense isn't big news. These are not articles found on the front page. These are often in obscure publications and when in MSM, buried deep. It's not amusing.

Politico is hardly obscure. That said, for one thing, the myriad tentacles reaching up, over, under, and around each other concerning the financial debacles is so convoluted, there are very few members of the reading public (diminishing all the time, btw) who can even begin to understand it all, me included.

 

[WorldAHope]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

Right. It never even existed. Never happened.
Its all made up.
So that Obama can take over banks.

Take another toke, clear you mind, Frank baby .

 

[MaggieMae]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

I thought the exact same thing. Let's face it, Obama has been screwing up big-time since January. He's already getting flack for his embarrassing display on his overseas trips. Now he needs a diversion and he's got it. Who cares if he's thrown the CIA under the bus and made the US look like the bad guy... again.

Flack from whom? The right-wing blogosphere? Fox?

 

[MaggieMae]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

Oh jeezus--why not start a viral e-mail and get the rest of the herd in stampede mode again with this newly invented piece of disinformation?

 

[Shadow]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

Oh jeezus--why not start a viral e-mail and get the rest of the herd in stampede mode again with this newly invented piece of disinformation?

Your are obviously speaking from leftist moon batty experience...don't deflect.

 

[Annie]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

Oh jeezus--why not start a viral e-mail and get the rest of the herd in stampede mode again with this newly invented piece of disinformation?

Please explain where this analysis is wrong? He's right about the original agreements. He's right about the difference between preferred and common stock.

 

[MaggieMae]

Could the entire torture debate be a ruse to distract from the backdoor government take over of the banking industry? Why the move to convert to common stock? Yikes!

OBAMA’S LEAP TO SOCIALISM at DickMorris.com

Oh jeezus--why not start a viral e-mail and get the rest of the herd in stampede mode again with this newly invented piece of disinformation?

Please explain where this analysis is wrong? He's right about the original agreements. He's right about the difference between preferred and common stock.

If the intent was to nationalize banks, it would have been done already. It's a much easier solution.

 

[WorldAHope]

More than likely, if we take history in to consideration, it is just a coverup for the actual torturing itself.

They will go through these supposedly bipartisan investigations, yah dee dah, only to come to the conclusion of clearing all involved....

Similar to the warren commision, the 911 commission etc...all to clear any wrong doing, even if wrong doing was actually done....

Care

I agree, Care, but until then, this issue will be the source of much divisive debate. This isn't going to go away anytime soon.

Not until all the facts are out and certain people are tried and convicted - or acquitted.
At least tried before a jury, be forced to defend against solid verified evidence-based accusations.
We'd like to see that.

Think of the ratings.
Better than OJ's trial.
Now if we can only get a slow speed chase in a white Bronco.....

 

[manu1959]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

they want the focus to stay on bush / cheney as the bad guys.....as long as there is a bad guy they are the good guys.....

about the time the public was starting to turn on obama and co for: spending money...sending toops to afgainstan and doing stupid stuff like bowing to a king....

boom out come the memos and the media circus and everyone goes oh ya look how bad bush is.....

watch wag the dog......

 

[Annie]

Something just occurred to me and it has to do with the so called torture memos. and the resulting hullabaloo.

Now our "leaders" have known about this stuff for years, hell we all knew about it too. So why bring all this fanfare, controversy and speculation of prosecution to the forefront?

All this torture crap is a misdirection, a distraction from something that the Obama administration doesn't want us paying attention to. how much do you want to bet that the administration is trying to slip something by us?

they want the focus to stay on bush / cheney as the bad guys.....as long as there is a bad guy they are the good guys.....

about the time the public was starting to turn on obama and co for: spending money...sending toops to afgainstan and doing stupid stuff like bowing to a king....

boom out come the memos and the media circus and everyone goes oh ya look how bad bush is.....

watch wag the dog......

This tail is wagging the Mack Truck!

 

[Annie]

Oh jeezus--why not start a viral e-mail and get the rest of the herd in stampede mode again with this newly invented piece of disinformation?

Please explain where this analysis is wrong? He's right about the original agreements. He's right about the difference between preferred and common stock.

If the intent was to nationalize banks, it would have been done already. It's a much easier solution.

So you think even the majority of Democrats would be down with that? You're dreaming.