*On Thu, Jun 2, 2011 at 4:01 PM, MJ <> wrote:*
/Rockwell is neither the author of the piece NOR does his name
appear within it./
//
/===/
The article appears on LouRockwell.com, where you cut and paste
it from:
http://lewrockwell.com/orig12/kolbjornsen1.1.1.html
*Michael goes on to say:*
/Additionally, the author says nothing regarding the Government
Entities of Freddie and Fannie or whether Bush tried to modify
their policies. The SAME goes with Clinton, CRA, etc./
//
/<scratches head>/
===
Exactly; proving once again that the author hasn't a clue about
what the Hell he is even talking about. Both Rockwell and the
author, (Is the Author even American?) ignores the real issue
of the, "three year anniversary of the dramatic financial events
of September 2008"; which was in truth and fact caused by the
communist inspired Democratic initiative, the Community
Reinvestment Act. Rockwell, Jens C. Kolbjørnsen (possibly a
Swede? I'd love to hear his views on Swedish politics!)
obviously don't want to discuss the real culprit, instead focuing
and inferring blame on the wront entities.
Eugene Ludwig, President Clinton's Comptroller of the Currency
and head of the Office of the Comptroller and Currency, was a
strong proponent of expanding the reach of Community Reinvestment
Act. Ludwig said in his confirmation hearing that his first
priority as Comptroller would be to eliminate
*/"discrimination from our financial system, root and branch."
/*
Ludwig told bankers,
*/"If you seize this issue as an opportunity, you will reap the
benefits in the form of new business and heightened respect from
the press, the Congress, and your communities."/* (/_See_/ the
CATO Institute, a non-partisan Libertarian Think-Tank, link
provided below)
With regard to the Community Reinvestment Act, Clinton
Administration Attorney General Janet Reno said,
*/"No loan is exempt, no bank is immune. For those who thumb
their nose at us, I promise vigorous enforcement."
/*
http://209.85.165.104/search?q=cache:90IT4MK9474J:www.cato.org/pubs/regulation/regv17n4/vmck4-94.pdf+Community+Reinvestment+Act&hl=en&ct=clnk&cd=4&gl=us
<http://209.85.165.104/search?q=cache:90IT4MK9474J:www.cato.org/pubs/regulation/regv17n4/vmck4-94.pdf+Community+Reinvestment+Act&hl=en&ct=clnk&cd=4&gl=us>
Finally, Lou Rockwell, the purported "Libertarian" that he is,
ignores former President Clinton's admission of guilt. On
September 26, 2008, His Holiness said:
*/"I think the responsibility that the Democrats have, may rest
more in resisting any efforts by Republicans in the Congress, or
by me when I was president, to put some standards and tighten up
a little on Fannie Mae and Freddie Mac."
/*
http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSN&SECTION=POLITICS&TEMPLATE=DEFAULT
<http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSN&SECTION=POLITICS&TEMPLATE=DEFAULT>
Lou Rockwell. A political hack, who parades himself as a
"Libertarian". A purported "Libertarian" who is ignorant of
our history, our culture, our system of government, macro or
micro economics, and a purported "Libertarian" who is in favor of
ObamaCare. How......Oxymoronic. In truth and fact, Lou doesn't
have a clue what a "Libertarian" even is.
On Tue, May 31, 2011 at 3:30 PM, MJ <[email protected]
<mailto:[email protected]>> wrote:
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