This'n'That; July Twenty-Second [Berntsen/Schumer;FinancialReform]

New York Patriots To Have Choice
    On Tuesday, Bob Lonsberry--host of WHAM's [ http://www.wham1180.com/ ] Mid-day Talk Show--interviewed Gary Berntsen who's challenging "Chuckie-Cheese" Schumer in the mid-term elections.
    One will have to read Mr Berntsen's bio; on his campaign website, Wikipedia, and others: outstanding information!!  Here's a few I've read:

• www.garyfornewyork.com
• http://www.orau.gov/dhssummit/speaker_bios/berntsen.htm
• http://en.wikipedia.org/wiki/Gary_Berntsen

Mr Bernsten's election would be a refreshing change to "Cluckie's" every-Monday-morning blather and photo ops, to insure his name/image appears "above the fold!!"  I'm sure Mr Bernsten will be able to speak on far more serious, beneficial topics than "Chuckie's" inane blather.

Financial Reform Just MORE Wealth Redistribution!
    The recently signed financial reform bill is nothing more than ever increasing federal control of the individual 'purse strings;' nothing more than ever increasing wealth redistribution!  The total federal support of the banking system is now a whopping THREE POINT SEVEN TRILLION DOLLARS; $700 Billion in the last year, alone!!
    For the sake of more inhanced control of the individual and of wealth redistribution, the regime intentionally failed to fix or disband both Fannie Mae and Freddie Mac.  After being taken over by the Treasury Department in September, 2008, the two entities have been allowed to just languish in the dust as failed financial institutions.  Currently Fannie Mae [FNMA or FNMA.OB] stock price is hovering near the basement recessed floor drain at $0.28/share.  Five years ago, the ol' gal was trading in the $72.00-$74.00, range.  Now Freddie Mac [FMCC or FMCC.OB] is at the basement floor level: $0.32/share.
    These two quasi-corporations' primary "claims to fame" are being the backbone of the housing bubble collapse and the prime focus of "Clown Prince" obama's quickly failing 'mortgage modification program.'  With 'easy money' readily available, the bubble kept expanding and expanding until it's collapse in 2008.  Now, mortgage modification is keeping buyers in their homes with special interest rates and debt forgiveness.  If these folks couldn't afford the houses they bought, how can the incompetent, inept, boob-in-chief believe these home buyers will ever see the modified mortgages satisfied?!?!   TARP inspector general, Neil Barofsky, in a report, said Treasury had refused his repeated recommendations to announce more effective goals and benchmarks for its mortgage modification program, which could reach up to $50 billion in TARP funds.
Til Nex'Time....

"Treasury's refusal to provide meaningful goals for this important program is a fundamental failure of transparency and accountability that makes it far more difficult for the American people and their representatives in Congress to assess whether the program's benefits are worth its very substantial cost," Barofsky wrote.