Thursday, December 22, 2011
December 22 2011 Travus T. Hipp Morning News & Commentary: B of A's Countrywide Mortgage Scandal - B of A Bought The Company So Where Are The Perps?
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December 22 2011 Travus T. Hipp Morning News & Commentary: B of A's Countrywide Mortgage Scandal - B of A Bought The Company After The Fact... So Where ARE The Perps Now?
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A Synopsis Of This Morning's News...
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[After the commentary, former local street musician made good, Bob Brozman exhorts us to "Follow The Money", Courtesy of the respective artists and KPIG Radio Freedom California Earth.]
«o» The Chinese have been hacking the US Chamber of Commerce, a right wing bastion of US labor movement and union suppression along with being the lobby for offshore slave labor operations in Saipan and other NOT US territories. They were hacked by an ethnic Chinese member of the Chamber.
«o» The withholding tax relief two month extension (along with unemployment benefits extensions for hundreds of thousands of American citizens) is still hanging fire with the Republicans now saying THEY will offer a one year extension proposal... Something they'd previously rejected. Expect a coinciding demand that matching budget cuts to match that tax relief be included.
About that unemployment...
You're going to read a lot of positive nonsense news such as:
Unemployment applications lowest since April '08And:
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped last week to its lowest level since April 2008, extending a downward trend that shows the job market strengthening. [More]
Unemployment fell in 43 states in NovemberBut all this blather really indicates is most people who have been receiving unemployment benefits are simply no longer eligible, and have fallen entirely off the statistical map.
WASHINGTON (AP) -- Unemployment rates fell in 43 states in November, the most number of states to report such declines in eight years. The falling state rates reflect the brightening jobs picture nationally [More]
«o» Poland is about to pull it's troops out of Afghanistan, at least out of the hot zones, after losing twenty four of it's soldiers in a recent attack.
«o» Bank of America's Countrywide mortgage division has been fined $335 million dollars for approximately 200,000 fraudulent loans... enough to pay about $2,000 per former homeowner for their reverse-redlined mortgages... They charged more for mortgages to people of color along with higher fees and apparently knew those loans would fail leading to the company's recovery of the property for another resale, perhaps to another person who wouldn't be able to afford the loan.
What does "Redlining" mean? See "A Southern City With Northern Problems"... Hunter S. Thompson for The Reporter, vol. 29, December 19, 1963. This is the article Thompson collected information for while at the Kentucky Derby... about the Redlining of Louisville Kentucky. It's one of the best sociological and economic accountings of how Racism survived the civil rights movement and, as illustrated above, exists in a very real institutional manner to this day.
«o» There has been a string of fourteen bombings in the wake of the US 'withdrawal' from Iraq killing over sixty people. The attacks appear to be from the Sunni side of the sociopolitical equation but who REALLY knows what False Flag operations are underway right now as a reinforcement to the Shiites of Iraq, who have been pandered to by the West, that they really really don't want Western forces too far away.
From Foreign Policy Magazine Mideast Brief:
A series of Baghdad bombings renew fears of sectarian crisis
At least 63 people have been killed and up to 194 wounded in a series of as many as 14 seemingly coordinated bombings across the Iraqi capital of Baghdad. The attacks occurred just days after the final departure of U.S.troops and amid recent accusations by the Shiite Prime Minister Nouri al-Maliki that Sunni Vice President Tareq al-Hashemi was implicated in several assassinations, inciting sectarian tensions. Hashemi has denied the charges and is being protected by the Kurdish regional government, while his main Sunni bloc of parliament, the al-Iraqiyya group, has walked out of the government in protest at the accusations. The attacks included four car bombs and 10 roadside improvised explosive devices (IEDs) and were concentrated mostly in Shiite neighborhoods. In response, Prime Minister Maliki said: "The timing of these crimes and the places where they were carried out confirm to all...the political nature of the targets." No one has taken responsibility for the bombings, however some analysts believe that al Qaeda is the only group in Iraq capable of pulling offsuch an attack. [In Full, with links]
In OTHER News:
"...a combination of mistrust and bad maps..." won't help our status in the country.
US: Mistakes led to attack on Pakistani soldiers
KABUL, Afghanistan (AP) — An investigation into a NATO attack that killed 24 Pakistani troops last month near the Afghan border has concluded that a combination of mistrust and bad maps led to the airstrikes on two Pakistani outposts, the U.S. Department of Defense and a NATO official said on Thursday.
It's unclear whether the report, which says mistakes were made on both sides, will reduce the tension between Pakistan and the U.S. over the incident. The Pakistani army has said its troops did nothing wrong and claimed the attack was a deliberate act of aggression.
A statement issued by the U.S. Department of Defense did not apologize for the attack, as the Pakistanis have demanded, and instead defended the actions of American forces.
"The report says we recognize we made mistakes, and that mistakes were also made by the Pakistanis," said the NATO official, who could not be named......"We have a lot of work to do to improve coordination, and we've already implemented steps to do that," the official said.[In Full]
And remember... Capitalism has a gun at your head every moment you're alive:
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