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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (435097)11/15/2008 7:52:56 PM
From: Road Walker2 Recommendations  Respond to of 1573150
 
Obama discusses top Cabinet post with Richardson, Clinton

I couldn't argue against either one. I would love to see Richardson as Energy Sec if it really has a lot of power. But he's been there done that... so it's not a good resume thing.

Looking like it might be a superstar cabinet.



To: tejek who wrote (435097)11/16/2008 10:23:10 AM
From: bentway  Read Replies (1) | Respond to of 1573150
 
Catherine Austin Fitts a former Sec of Housing from her website.

solari.com

"...After I began researching HUD fraud in the late 1990s, I would be contacted by people with experience with HUD fraud. They insisted that the same home was being used to create ten or more mortgages that were placed into different pools. They alleged that Chase as the lead HUD servicer and the other big banks were implementing such systems. This was why we would see the same house default two, three, or four times in a year, they claimed. FHA mortgages had to be churned through multiple defaults to generate the cash to keep all these fraudulent pools afloat. This, they insisted, was all going to finance various secret government operations and private agendas.

I have come to believe that the allegations of mortgage collateral fraud are true—not just for FHA and Ginnie Mae at HUD but across the board throughout the mortgage markets as well..."