Maggie's Farm

Islam is a political system. It is one of the most oppressive and flawed political systems ever envisioned. It is designed to make slaves of women and 95% of the men. It gives unlimited power to the 5% of men who rule with an iron fist and a sword. The punishments are intended to be brutal and intimidating exactly so it can control and enslave it's people. The power of Islam is that they are all so angry that they are easily led to violence and they are all so biased/prejudiced that it is easy to make them attack "the other". It cannot coexist, it cannot modulate, it cannot be peaceful. Right this minute Islam is at open war in a couple dozen countries around the world. Thousands are killed every year to promote Islam and it will get worse. There is only one solution and that is full warfare against it sooner rather than later. It cannot possibly end well and the longer we wait to knock it down the worse it will be for the West, for freedom and democracy.

History and simply understanding our leaders leads me to believe that we will do little to nothing until we have another Pearl Harbor. The difference this time will be that it will most likely be a nuclear Pearl Harbor and most likely in NY City, London or Paris. Until then I believe we, most of us, will keep our heads firmly planted in the sand.

In general "Banks" make conventional loans. That is 80% loans where the borrower puts down 20%. Mortgage companies make the loans that require low down payments and are thus more risky. There has been some crossover, that is "some" banks will offer something other than a conventional loan. BUT in general all of the "bad" loans were NOT "Bank" loans, they were government backed low down payment loans. I think many people lump in all the mortgage lenders together under the title of "banks" which they are not. The "Banks" did NOT cause this problem, they did NOT change their rules which allowed this problem they WERE forced to obey congressional mandates and the were forced (i.e. regulations) to monetize,bundle and sell any and all government backed loans. The problem was 100% congress and their minions. It was not the banks, it wasn't even the mortgage companies it was congress who created regulations that mandated that all mortgage lenders had to make loans that common sense would never allow. ALL of these loans were backed by the full faith and credit of the U.S. That means when someone tells you that the "banks" knowingly sold bad loans and even failing loans that were "junk" (I believe this is exactly what we have been lead to believe) that they are wrong or lying. Every loan was as good as the federal government.

Ahhh! But many loans did default and ended up worthless. True, the government essentially defaulted on their guarantee. BUT, that is why there was a bailout. The federal government had to either pay up to each lender (or who ever held the paper) OR bail out the system. The problem was simply that the maze of federal and state laws regarding the owner of the loans, the process to repossess/foreclose so complicated the ability of the government to make each of the millions of individual lenders/holders of the paper whole was simply not possible. For example: The federal government required that banks and other lenders would bundle the loans and sell them exactly so there would be more money available for more loans. BUT each state had different standards/rules for sell a mortgage. Because of this some of the holders of "paper" were really left holding the bag and judges willy-nilly handed down decisions that made no sense, defyed federal law and harmed innocent investors to the benefit of borrowers who willingly walked away from their contracts. Just one of the many problems caused by the unmanageable maze of conflicting regulations.

But was it the "banks"? Was it the larger group of lenders often referred to as the banks? Was it Wall Street traders? Greedy lenders? No, none of the above. They were doing exactly what the federal government (congress) mandated. The entire problem and the entire fault was congresses.