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Most recent 20 results returned for keyword: JP Morgan (Search this on MAP)

https://plus.google.com/116447221477314665994 Tradenext Global : JP Morgan Private Equity buys back shares - http://bit.ly/1uOrlS3
JP Morgan Private Equity buys back shares - http://bit.ly/1uOrlS3
JP Morgan Private Equity buys back shares - 24-10-2014 09:03:30
JP Morgan Private Equity buys back shares
4 hours ago - Via - View -
https://plus.google.com/111618986107302041836 SilverDoctors : JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day - As the increasingly volatile stock markets...
JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day - As the increasingly volatile stock markets bounced back higher today,  JP Morgan experienced one of the largest withdrawals of gold from its inventories this year.  In just one day, a stunning 321,500 oz of gold (10 metric tons) were removed from JP Morgan’s Eligible inventories:   Silver Shield Documents the “7 Sins of Obama” in this […] The post JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day appe... http://ow.ly/2PACqP
JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day | SilverDoctors.com
As the increasingly volatile stock markets bounced back higher today,  JP Morgan experienced one of the largest withdrawals of gold from its inventories th
9 hours ago - Via - View -
https://plus.google.com/114420207897429496237 Get The Job Girl : REPORT: JP Morgan Knew That Something Was Off About Hiring In China - Read at Business Insider: http...
REPORT: JP Morgan Knew That Something Was Off About Hiring In China - Read at Business Insider: http://buff.ly/1z1jl6X
REPORT: JPMorgan Knew That Something Was Off About Hiring In China
JPMorgan officials discussed the bank's...
10 hours ago - Via - View -
https://plus.google.com/118335231096430677728 AP INTACT : The Ethical Alliance Daily (23 Oct 2014) United States: J.P. Morgan Knew of China Hiring Concerns Before...
The Ethical Alliance Daily (23 Oct 2014)
United
States: J.P. Morgan Knew of China Hiring Concerns Before Probe United
States: Ex-NYPD sergeant busted for accepting $9K in bribes Russia:
Russian ‘Anticorruption’ Lawyer Seeks Asylum In U.S. Romania:
Majority leader Viorel Hrebenciuc resigns from Rom...
The Ethical Alliance Daily (23 Oct 2014)
United States: J.P. Morgan Knew of China Hiring Concerns Before Probe United States: Ex-NYPD sergeant busted for accepting $9K in bribes Russia: Russian ‘Anticorruption’ Lawyer Seeks Asylum In U.S. Romania: Majority leader...
10 hours ago - Via - View -
https://plus.google.com/115245295614318429391 Julius Andrassy :  HE DEVELOPED THE IDEA FOR SMARTPHONE TECHNOLOGY IN 1901 Tesla may have had a brilliant mind, but he...
 HE DEVELOPED THE IDEA FOR SMARTPHONE TECHNOLOGY IN 1901

Tesla may have had a brilliant mind, but he was not as good at reducing his ideas to practice, Carlson said. In the race to develop transatlantic radio, Tesla described to his funder and business partner, J.P. Morgan, a new means of instant communication that involved gathering stock quotes and telegram messages, funneling them to his laboratory, where he would encode them and assign them each a new frequency. That frequency would be broadcast to a device that would fit in your hand, he explained. In other words, Tesla had envisioned the smartphone and wireless internet, Carlson said, adding that of all of his ideas, that was the one that stopped him in his tracks.
https://lh5.googleusercontent.com/-vwJg32Kq_TI/VEma4AA_YBI/AAAAAAAABd8/7ctOuRM_X0k/w506-h750/Nikola-Tesla-Quotes-5.jpg
13 hours ago - Via Google+ - View -
https://plus.google.com/117255705015293051309 Juan Rojas : This article from the NY Times brings up something pretty scary, and that is the lack of cybersecurity...
This article from the NY Times brings up something pretty scary, and that is the lack of cybersecurity at major American financial institutions.

In this case, JP Morgan Chase, one of the largest such companies in the country, had been hacked several months (months!) before anyone noticed their hackers presence.

This breach was not a small one - account information from 76 MILLION American households, and 7 million small businesses was illegally accessed.

These kinds of attacks are not going to ease off. This year saw a huge spike in hacks against small websites, especially targeting those with Content Management Systems that were out of date. Now, more than ever, it is critical to secure your personal information and, if you operate a website, make sure it is consistently up to date - that's one of the best ways to help keep it secure.
After JPMorgan Chase Breach, Push to Close Wall St. Security Gaps - NYTimes.com
A hack on JPMorgan Chase compromised some of the personal account information of 76 million households and seven million small businesses.Credit Mike Segar/Reuters
15 hours ago - Via Google+ - View -
https://plus.google.com/110145701160048568923 Mike Levy : "The investigation at Staples follows a rash of breaches at other major retailers in the last year, ...
"The investigation at Staples follows a rash of breaches at other major retailers in the last year, including Target, Home Depot, Michaels and P.F. Chang’s.  Banking giant J.P. Morgan recently confirmed a cyberattack on its systems, though it did not affect sensitive customer data, such as credit card numbers or bank account information, the bank said."
Staples is investigating a possible data breach
The office supplies retailer has contacted law enforcement about a "potential issue involving credit card data."
16 hours ago - Via Google+ - View -
https://plus.google.com/108620774211184389639 Ceasar Mj : A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY...
A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY AND HOW BANKERS US IT"
President Wilson, before he was President, said in 1911:
"The great monopoly in this country is the money monopoly. So long as it exists our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money in involved and who, necessarily, by every reason of their own limiations, chill and check and destroy genuine economic freedom. This is the greatest question of all: and to this, statesmen must address themselves with an earnest determination to serve the long future and true liberties of men."
In short, the Zionist Banking Establishment took over the United States money supply with the passage of the FEDERAL RESERVE ACT in 1913.
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the PRIVATE BANK of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender.
The Act was signed into law by President Woodrow Wilson.
JP Morgan had arranged the assassination of ALL of the opponents of the Federal Reserve Act when he had his ship, THE TITANIC, crashed and sunk. President John F Kennedy didn't have a chance but if we can get this information out to the public maybe we can make things right by arresting all these families and their Zionist conspirators. Not destroy Capitalism in favor of ANY COMMUNIST/SOCIALIST ideologies to further empower these criminal organizations wrapped in candy especially if it comes from the awesome propaganda machine (Television). When celebrities start perpetuating socialism, it is a sure sign that we will see many more celebrities, TV shows and mainstream media pushing limited socialism which is the key to Communism and tyranny.
JEWS CONTROL THE MONEY IN AMERICA. Period. End of story.
Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to.
Napoleon said: When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.
The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head:
$1. Rothschild Banks of London and Berlin.
$2. Lazard Brothers Banks of Paris.
$3. Israel Moses Seif Banks of Italy.
$4. Warburg Bank of Hamburg and Amsterdam.
$5. Lehman Brothers of NY.
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
$7. Goldman, Sachs of NY.
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders).
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).
TIME LINE OF THE JEW-OWNED FEDERAL RESERVE BANK
1791-1811: Rothschilds' First Bank of the United States.
1816-1836: Rothschilds' Second Bank of the United States.
1837-1862: Free Banking Era - no formal Central Bank through the efforts of President Andrew Jackson.
1862-1913: System of National Banks through the efforts of President Andrew Jackson.
1913-Current: Federal Reserve Act effects a consortium of privately held Jewish & associated banks called the Federal Reserve Bank. The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading.
On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. A smear campaign against McFadden ensued and he was poisoned 3 years later.
ZIONIST JEWS RUN THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK
Here are the Jews that control the government of America:
1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020.
2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016.
3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve.
4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014.
5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.
HOW THE FEDERAL RESERVE BANK WORKS
ZIONIST BANKERS PRINT MONEY at heavily-armed & guarded Federal Reserve Bank buildings throughout the US. Then these Jewish bankers of the Federal Reserve Bank loan the money to the US government at interest.
Since the Federal Reserve Bank is privately owned, the Federal Reserve Bank of New York (and all the others) is listed in Dun & Bradstreet. But according to Article I, Section 8 of the U. S. Constitution, only Congress has the right to issue money and regulate its value.
Thus it is illegal for private interests to issue US money. But because influential Jews like Paul Warburg and Jacob Schiff bribed into enactment the Federal Reserve Act of 1913, the stockholders of the Federal Reserve Bank were to be kept a secret. Only recently have the Jewish stockholders of the Federal Reserve Bank come to light.
International cooperation with the Jew-owned Federal Reserve Bank has been intense to coordinate currency. In 1985, officials from the JP Morgan Bank of NY met with the Credit Lyonnais Bank of France. They established the European Currency Unit Banking Association (ECUBA) to get world cooperation for a unified currency.
In October 1987, the Association for the Monetary Union of Europe (AMUE), secretly met and recommended that the ECU (European Currency Unit) replace existing national currencies and that all European Central Banks be combined into one and issue the ECU as the official unified currency. This occurred in 1999 with the issuing of the Euro.
The plan of the international Jewish banking cabal is to have only 3 central banks in the world: The Federal Reserve Bank, the European Central Bank, and the Central Bank of Japan. All of these banks are headed by the Rothschilds.
And Next To Come Will Be The One World Government Run By Anti-Christian Jews.
Read the source article from Real Jew News with links here.
http://www.realjewnews.com/?p=177
Related Articles
Pick-Pocketing the People: The ruling elite planned the global economic downturn. They timed the implementation and orchestration while controlling media coverage of it.
http://thomaspainereturns.blogspot.com/…/pick-pocketing-peo…
The Takeover of America, Republic Becomes Oligarchy: America has become an oligarchy (a government ruled by a powerful few) versus a Republic (a government limited by law) as the banking and Wall Street Masters of the Universe continue their tyranny.
http://blogs.salon.com/0002255/2009/03/23.html
P.S. Hey, we have to be slaves and not complain about it. Otherwise we'd be "anti-Semitic." It's "anti-Semitic" to notice what's happening and who's in charge, and it's "anti-Semitic" to complain about it. The FEMA camps will be full of "anti-Semites" otherwise known as "terrorists."
http://lawrencerspencer.com/…/titanic-assassination-by-sin…/
http://rense.com/general85/feddrec.htm — with Native Birddy.
https://lh6.googleusercontent.com/-fQB9NFBqN6g/VDtSthpAnfI/AAAAAAAEDh0/KlNxblERHxE/w506-h750/1497300_510646812382097_1638183563_n.jpg
18 hours ago - Via Reshared Post - View -
https://plus.google.com/100858154653243402947 PEOPLE HRO : Andrew Valkanoff said if hackers can get into Target and J.P. Morgan’s internal systems, he feels like...
Andrew Valkanoff said if hackers can get into Target and J.P. Morgan’s internal systems, he feels like the small guy doesn’t really have a chance.
Local & North Carolina state news from Raleigh, NC | NewsObserver.com
Read stories, articles and news on Raleigh, Durham, Chapel Hill, Cary, Apex, Wake County, Durham County, Orange County, Chatham County, Johnston County, Research Triangle and North Carolina crime, communities, education, environment, government, schools and more from The News & Observer and NewsObserver.com.
18 hours ago - Via - View -
https://plus.google.com/107495396732788822729 Transcription Dictation : JP Morgan hack was not Russian revenge plot, says FBI http://ow.ly/DeLyq
JP Morgan hack was not Russian revenge plot, says FBI http://ow.ly/DeLyq
JP Morgan hack was not Russian revenge plot, says FBI | Treasury Insider
The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, were sponsored by the Russian government.
19 hours ago - Via - View -
https://plus.google.com/101709057523982159596 Copytalk : JP Morgan hack was not Russian revenge plot, says FBI http://ow.ly/DeLyq
JP Morgan hack was not Russian revenge plot, says FBI http://ow.ly/DeLyq
JP Morgan hack was not Russian revenge plot, says FBI | Treasury Insider
The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, were sponsored by the Russian government.
19 hours ago - Via - View -
https://plus.google.com/104937209402253648376 Phil LaTessa : Access to credit Removing barriers to getting a mortgage HUD has been talking to their counterparts ...
Access to credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government
about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in   a conference call that perhaps its’ time to
re-think doing FHA loans. Mortgage Bank...
Access to credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in  a conference call that perhaps its’ time to re...
20 hours ago - Via - View -
https://plus.google.com/110616326289628097817 Phil LaTessa : Access to credit Removing barriers to getting a mortgage HUD has been talking to their counterparts ...
Access to credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government
about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in   a conference call that perhaps its’ time to
re-think doing FHA loans. Mortgage Bank...
Access to credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in  a conference call that perhaps its’ time to re...
20 hours ago - Via - View -
https://plus.google.com/110616326289628097817 Phil LaTessa : Access to Credit Removing barriers to getting a mortgage HUD has been talking to their counterparts ...
Access to Credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government
about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in   a conference call that perhaps its’ time to
re-think doing FHA loans. Mortgage Bank...
Access to Credit
Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government about the reduction in FHA loans. Jamie Dimon from JP Morgan stated in  a conference call that perhaps its’ time to re...
20 hours ago - Via - View -
https://plus.google.com/109808829270099373031 The Funding Source Syracuse : Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government...
Removing barriers to getting a mortgage
 
HUD has been talking to their counterparts in the government about the reduction in FHA loans.
 
Jamie Dimon from JP Morgan stated in  a conference call that perhaps its’ time to re-think doing FHA loans.
 
Mortgage Bankers are looking at alternatives to Fannie Mae and Freddie Mac loans.
 
Why is all this going on?
 
Lenders are tired of being sued for lending.  That one-sentence probably best sums it up.  The days of subprime mortgages and bad lenders were cleansed when the market crashed and rinsed and washed a second time with some valuable Frank-Dodd reforms.
 
However, the US government continues to sue lenders and announce large settlements, regulators continue to overzealously enforce provisions that even they do not fully understand and banks and bankers seek to settle because the cost of litigating is high, but to litigate your regulator is toxic.
 
What choices do lenders have?  Lend without using Fannie, Freddie or FHA.  Tighten lending standards above and beyond what CFPB requires and deny credit to anyone who would have gotten a loan as recently as 2011.  And, lenders now over underwrite and over request documentation while over disclosing and demanding proof from the borrower that they received the disclosures to ensure they are in compliance.
 
So, HUD and Fannie have taken a step back.  HUD is in the process of re-writing their FHA lending requirements and Fannie and Freddie are looking at providing a more concise lending matrix that is very clear about how lenders can protect themselves from claims over bad loans.
 
The claims over bad loans are a big issue to lenders.  Fannie, Freddie and HUD all look to kick a loan back to the lender for the smallest of things when that loan is, typically, found to be 30 or 60 days late.   The late payment status of a particular loan triggers a complete review of the loan.  Any “t” not crossed or “I” not dotted triggers buy back demands.  This then triggers lenders to demand buy backs from other lenders and the game of “Hot Potato” with Mr. and Mrs. Smith’s mortgage begins.  As the game heightens and the loan gets sent from lender to lender back down the chain, the borrowers find themselves getting notices that their loan payment is not due to lender X, it’s due to lender Y now and maybe in 3-months it may be due to lender Z.   This hurts everyone and typically is caused by Mr. Smith forgetting to make the mortgage payment and everyone from Fannie to the small mortgage banker that originally originated the loan getting involved in who has what exposure.
 
Now, Fannie, Freddie and HUD realize that the mortgage market has gone too far in tightening credit.  They don’t cite the reasons, but the reasons are clearly outlined above – they and the government went too far and became too punitive following the market crash of 2008 and 2009.
 
To ease the situation Fannie, Freddie and HUD know they have two issues to attack.  One is the reduction in credit to individuals that is pushing potential homeowners into the rental market and slowing the home buying market.  The second is being clear to lenders that if they lend in good faith and follow the rules, they will not be held accountable if a loan becomes non-performing.
 
Recently, Fannie and Freddie announced that they were working to clarify what constitutes a buy back.  In 2013 they stated that no buy back would be demanded if the borrower did not miss any payments for three years.  In May they announced that the borrowers could miss two nonconsecutive payments within three-years without triggering a buy back demand.
 
The agencies are now working on other issues including small mistakes (minor clerical errors or missing paperwork that does not alter the soundness of the underwriting decision made while processing and approving the loan).   That’s a big concern for lenders because many banks and agencies will look for a missing pay stub or a missing disclosure to trigger a buy back on a loan that they just want to find a reason to demand it be purchased because they simply do not want that loan.
 
Also, fraud is coming into view in the horizon.  They are finally looking at what constitutes fraud and the definition of that.   This is an important point because lenders have met and exceeded due diligence in making a mortgage to a borrower only later to find out that the borrower was slick in providing false and misleading information to the lender to induce the lender to provide a mortgage.  This has led many lenders to close, others to be wrongfully accused of fraud and yet still others to lose a lot of money on fraudulent loans.  And, this problem, comes from consumers and individuals outside the mortgage industry.  The general public has been sold the story by the US Government that the bad guys are the mortgage professionals and they do not know the story of the bad person who may be living next door to them that pulled off a sophisticated mortgage fraud scheme to acquire their home (which, is the equivalent of stealing hundreds of thousands of dollars from a bank but since it was not done with a stick up they are not, in many cases, being prosecuted.  Instead, the lenders is being scrutinized by investigators from three, four and five federal agencies looking for anything to indict a company or staff of a felony; when in fact they were a victim.  Most people don’t view lenders as victims following the outrage of the crisis and the shrill voice of uniformed politicians throwing red meat to the angry voter)
 
So, how does the government provide lenders with the protections that they need so that they can make solid, good loan decisions based on information provided to them and received by them using third party tools to verify said information without fear of being second-guessed later on?  
 
How does the government reduce angst by lenders so that they loosen up credit?
 
And, how does the government address the fraud question and determine who is culpable (and this is a sticky one because, in the defense of the government, anyone could have committed the crime since there’s gain to be had for everyone in the process from the lender to the loan officer to the borrower to the attorney to the realtor and so on).
 
Well, that process has begun.
 
Fannie & Freddie are coming out with new “road rules” that address buy backs and addresses expanding credit to borrowers with lower down payments.  And, they’ve begun to attack the buy back issue along with the fraud issue.
 
HUD also has begun that process
 
So, it may be a new day in the mortgage industry where saner heads prevail and the adults take control of the room from the crazy kids who ran rampant.
 
Perhaps returning to vanilla products that were available before Clinton pushed for expanded home ownership is a sound decision.  Perhaps throwing in a few more products like one or two expanded ratio products geared specifically to LMI borrowers as defined by HUD medium incomes, issued by Fannie/Freddie is wise. Sticking to basic DTI’s and sticking to basic credit requirements is key. 
 
In 1995 the mortgage market began to see the lugs that held the wheels to their cars loosen when first the government announced that certain minorities lacked access to traditional credit and an underwriter could use alterative credit sources – and such began the process of tiered credit (Tier I, Tier II and Tier III credit) that could be used instead of traditional credit reports.  
 
That lead to tossing the basics out of underwriting and off loaded tax returns, eliminated proving income, went off only credit if the borrower put “enough down” and lent to borrowers at higher and higher DTI’s to get the coveted CRA’s from the government.
 
That was insanity.  And, that led to the subprime market.  And, that is a story the government does not want told  - its’ to arcane a story to tell and the public would prefer to dumb down what happened and blame the lenders.  This works for the likes of Barney Frank who pushed for the very rules he railed against in hearings in 2008 and 2009.
 
Maybe now we realize that too far left and too far right is simply too far.  Perhaps we now get that lending soundly means lending rules should be clear, concise and across the board.  The basic underwriting tools used from the 1990s were sound,: they should be used universally. 
 
Borrowers who don’t meet the criteria of vanilla conforming or vanilla govy loans or even vanilla expanded credit loans (lower LTV) should be viewed as tomorrow’s borrower.  Not today’s reject or the need for some politician to interject about unfair and discriminatory lending demanding new lending laws.
 
Lenders and agencies need clear rules of the road that dictate when a loan does not conform to agencies guidelines or regulations that then does trigger a buy back.
 
And, regulators and the government need to let people know that they will prosecute Joe Blow for lying on his mortgage application and getting a mortgage in addition to prosecuting rings of thieves who do so and rings of those in the industry who do so.   Breaking lending laws is not just the provence of those inside the lending industry.
The Funding Source - NY Home Mortgage, Syracuse Mortgages, Syracuse Mortgage Company, NY Home Refinancing, New York Lending Company, mortgage refinancing
The Funding Source is a fast growing Central New York Mortgage Banker based in Syracuse. adjustable rate mortgages, ny home mortgage, syracuse mortgage, Syracuse Mortgage Company, NY Home Refinancing, New York Lending Company, mortgage refinancing
20 hours ago - Via Google+ - View -
https://plus.google.com/110616326289628097817 Phil LaTessa : Removing barriers to getting a mortgage HUD has been talking to their counterparts in the government...
Removing barriers to getting a mortgage
 
HUD has been talking to their counterparts in the government about the reduction in FHA loans.
 
Jamie Dimon from JP Morgan stated in  a conference call that perhaps its’ time to re-think doing FHA loans.
 
Mortgage Bankers are looking at alternatives to Fannie Mae and Freddie Mac loans.
 
Why is all this going on?
 
Lenders are tired of being sued for lending.  That one-sentence probably best sums it up.  The days of subprime mortgages and bad lenders were cleansed when the market crashed and rinsed and washed a second time with some valuable Frank-Dodd reforms.
 
However, the US government continues to sue lenders and announce large settlements, regulators continue to overzealously enforce provisions that even they do not fully understand and banks and bankers seek to settle because the cost of litigating is high, but to litigate your regulator is toxic.
 
What choices do lenders have?  Lend without using Fannie, Freddie or FHA.  Tighten lending standards above and beyond what CFPB requires and deny credit to anyone who would have gotten a loan as recently as 2011.  And, lenders now over underwrite and over request documentation while over disclosing and demanding proof from the borrower that they received the disclosures to ensure they are in compliance.
 
So, HUD and Fannie have taken a step back.  HUD is in the process of re-writing their FHA lending requirements and Fannie and Freddie are looking at providing a more concise lending matrix that is very clear about how lenders can protect themselves from claims over bad loans.
 
The claims over bad loans are a big issue to lenders.  Fannie, Freddie and HUD all look to kick a loan back to the lender for the smallest of things when that loan is, typically, found to be 30 or 60 days late.   The late payment status of a particular loan triggers a complete review of the loan.  Any “t” not crossed or “I” not dotted triggers buy back demands.  This then triggers lenders to demand buy backs from other lenders and the game of “Hot Potato” with Mr. and Mrs. Smith’s mortgage begins.  As the game heightens and the loan gets sent from lender to lender back down the chain, the borrowers find themselves getting notices that their loan payment is not due to lender X, it’s due to lender Y now and maybe in 3-months it may be due to lender Z.   This hurts everyone and typically is caused by Mr. Smith forgetting to make the mortgage payment and everyone from Fannie to the small mortgage banker that originally originated the loan getting involved in who has what exposure.
 
Now, Fannie, Freddie and HUD realize that the mortgage market has gone too far in tightening credit.  They don’t cite the reasons, but the reasons are clearly outlined above – they and the government went too far and became too punitive following the market crash of 2008 and 2009.
 
To ease the situation Fannie, Freddie and HUD know they have two issues to attack.  One is the reduction in credit to individuals that is pushing potential homeowners into the rental market and slowing the home buying market.  The second is being clear to lenders that if they lend in good faith and follow the rules, they will not be held accountable if a loan becomes non-performing.
 
Recently, Fannie and Freddie announced that they were working to clarify what constitutes a buy back.  In 2013 they stated that no buy back would be demanded if the borrower did not miss any payments for three years.  In May they announced that the borrowers could miss two nonconsecutive payments within three-years without triggering a buy back demand.
 
The agencies are now working on other issues including small mistakes (minor clerical errors or missing paperwork that does not alter the soundness of the underwriting decision made while processing and approving the loan).   That’s a big concern for lenders because many banks and agencies will look for a missing pay stub or a missing disclosure to trigger a buy back on a loan that they just want to find a reason to demand it be purchased because they simply do not want that loan.
 
Also, fraud is coming into view in the horizon.  They are finally looking at what constitutes fraud and the definition of that.   This is an important point because lenders have met and exceeded due diligence in making a mortgage to a borrower only later to find out that the borrower was slick in providing false and misleading information to the lender to induce the lender to provide a mortgage.  This has led many lenders to close, others to be wrongfully accused of fraud and yet still others to lose a lot of money on fraudulent loans.  And, this problem, comes from consumers and individuals outside the mortgage industry.  The general public has been sold the story by the US Government that the bad guys are the mortgage professionals and they do not know the story of the bad person who may be living next door to them that pulled off a sophisticated mortgage fraud scheme to acquire their home (which, is the equivalent of stealing hundreds of thousands of dollars from a bank but since it was not done with a stick up they are not, in many cases, being prosecuted.  Instead, the lenders is being scrutinized by investigators from three, four and five federal agencies looking for anything to indict a company or staff of a felony; when in fact they were a victim.  Most people don’t view lenders as victims following the outrage of the crisis and the shrill voice of uniformed politicians throwing red meat to the angry voter)
 
So, how does the government provide lenders with the protections that they need so that they can make solid, good loan decisions based on information provided to them and received by them using third party tools to verify said information without fear of being second-guessed later on?  
 
How does the government reduce angst by lenders so that they loosen up credit?
 
And, how does the government address the fraud question and determine who is culpable (and this is a sticky one because, in the defense of the government, anyone could have committed the crime since there’s gain to be had for everyone in the process from the lender to the loan officer to the borrower to the attorney to the realtor and so on).
 
Well, that process has begun.
 
Fannie & Freddie are coming out with new “road rules” that address buy backs and addresses expanding credit to borrowers with lower down payments.  And, they’ve begun to attack the buy back issue along with the fraud issue.
 
HUD also has begun that process
 
So, it may be a new day in the mortgage industry where saner heads prevail and the adults take control of the room from the crazy kids who ran rampant.
 
Perhaps returning to vanilla products that were available before Clinton pushed for expanded home ownership is a sound decision.  Perhaps throwing in a few more products like one or two expanded ratio products geared specifically to LMI borrowers as defined by HUD medium incomes, issued by Fannie/Freddie is wise. Sticking to basic DTI’s and sticking to basic credit requirements is key. 
 
In 1995 the mortgage market began to see the lugs that held the wheels to their cars loosen when first the government announced that certain minorities lacked access to traditional credit and an underwriter could use alterative credit sources – and such began the process of tiered credit (Tier I, Tier II and Tier III credit) that could be used instead of traditional credit reports.  
 
That lead to tossing the basics out of underwriting and off loaded tax returns, eliminated proving income, went off only credit if the borrower put “enough down” and lent to borrowers at higher and higher DTI’s to get the coveted CRA’s from the government.
 
That was insanity.  And, that led to the subprime market.  And, that is a story the government does not want told  - its’ to arcane a story to tell and the public would prefer to dumb down what happened and blame the lenders.  This works for the likes of Barney Frank who pushed for the very rules he railed against in hearings in 2008 and 2009.
 
Maybe now we realize that too far left and too far right is simply too far.  Perhaps we now get that lending soundly means lending rules should be clear, concise and across the board.  The basic underwriting tools used from the 1990s were sound,: they should be used universally. 
 
Borrowers who don’t meet the criteria of vanilla conforming or vanilla govy loans or even vanilla expanded credit loans (lower LTV) should be viewed as tomorrow’s borrower.  Not today’s reject or the need for some politician to interject about unfair and discriminatory lending demanding new lending laws.
 
Lenders and agencies need clear rules of the road that dictate when a loan does not conform to agencies guidelines or regulations that then does trigger a buy back.
 
And, regulators and the government need to let people know that they will prosecute Joe Blow for lying on his mortgage application and getting a mortgage in addition to prosecuting rings of thieves who do so and rings of those in the industry who do so.   Breaking lending laws is not just the provence of those inside the lending industry.
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https://plus.google.com/117134150886904670043 Dennis Dingemanse : A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY...
A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY AND HOW BANKERS US IT"
President Wilson, before he was President, said in 1911:
"The great monopoly in this country is the money monopoly. So long as it exists our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money in involved and who, necessarily, by every reason of their own limiations, chill and check and destroy genuine economic freedom. This is the greatest question of all: and to this, statesmen must address themselves with an earnest determination to serve the long future and true liberties of men."
In short, the Zionist Banking Establishment took over the United States money supply with the passage of the FEDERAL RESERVE ACT in 1913.
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the PRIVATE BANK of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender.
The Act was signed into law by President Woodrow Wilson.
JP Morgan had arranged the assassination of ALL of the opponents of the Federal Reserve Act when he had his ship, THE TITANIC, crashed and sunk. President John F Kennedy didn't have a chance but if we can get this information out to the public maybe we can make things right by arresting all these families and their Zionist conspirators. Not destroy Capitalism in favor of ANY COMMUNIST/SOCIALIST ideologies to further empower these criminal organizations wrapped in candy especially if it comes from the awesome propaganda machine (Television). When celebrities start perpetuating socialism, it is a sure sign that we will see many more celebrities, TV shows and mainstream media pushing limited socialism which is the key to Communism and tyranny.
JEWS CONTROL THE MONEY IN AMERICA. Period. End of story.
Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to.
Napoleon said: When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.
The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head:
$1. Rothschild Banks of London and Berlin.
$2. Lazard Brothers Banks of Paris.
$3. Israel Moses Seif Banks of Italy.
$4. Warburg Bank of Hamburg and Amsterdam.
$5. Lehman Brothers of NY.
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
$7. Goldman, Sachs of NY.
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders).
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).
TIME LINE OF THE JEW-OWNED FEDERAL RESERVE BANK
1791-1811: Rothschilds' First Bank of the United States.
1816-1836: Rothschilds' Second Bank of the United States.
1837-1862: Free Banking Era - no formal Central Bank through the efforts of President Andrew Jackson.
1862-1913: System of National Banks through the efforts of President Andrew Jackson.
1913-Current: Federal Reserve Act effects a consortium of privately held Jewish & associated banks called the Federal Reserve Bank. The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading.
On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. A smear campaign against McFadden ensued and he was poisoned 3 years later.
ZIONIST JEWS RUN THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK
Here are the Jews that control the government of America:
1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020.
2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016.
3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve.
4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014.
5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.
HOW THE FEDERAL RESERVE BANK WORKS
ZIONIST BANKERS PRINT MONEY at heavily-armed & guarded Federal Reserve Bank buildings throughout the US. Then these Jewish bankers of the Federal Reserve Bank loan the money to the US government at interest.
Since the Federal Reserve Bank is privately owned, the Federal Reserve Bank of New York (and all the others) is listed in Dun & Bradstreet. But according to Article I, Section 8 of the U. S. Constitution, only Congress has the right to issue money and regulate its value.
Thus it is illegal for private interests to issue US money. But because influential Jews like Paul Warburg and Jacob Schiff bribed into enactment the Federal Reserve Act of 1913, the stockholders of the Federal Reserve Bank were to be kept a secret. Only recently have the Jewish stockholders of the Federal Reserve Bank come to light.
International cooperation with the Jew-owned Federal Reserve Bank has been intense to coordinate currency. In 1985, officials from the JP Morgan Bank of NY met with the Credit Lyonnais Bank of France. They established the European Currency Unit Banking Association (ECUBA) to get world cooperation for a unified currency.
In October 1987, the Association for the Monetary Union of Europe (AMUE), secretly met and recommended that the ECU (European Currency Unit) replace existing national currencies and that all European Central Banks be combined into one and issue the ECU as the official unified currency. This occurred in 1999 with the issuing of the Euro.
The plan of the international Jewish banking cabal is to have only 3 central banks in the world: The Federal Reserve Bank, the European Central Bank, and the Central Bank of Japan. All of these banks are headed by the Rothschilds.
And Next To Come Will Be The One World Government Run By Anti-Christian Jews.
Read the source article from Real Jew News with links here.
http://www.realjewnews.com/?p=177
Related Articles
Pick-Pocketing the People: The ruling elite planned the global economic downturn. They timed the implementation and orchestration while controlling media coverage of it.
http://thomaspainereturns.blogspot.com/…/pick-pocketing-peo…
The Takeover of America, Republic Becomes Oligarchy: America has become an oligarchy (a government ruled by a powerful few) versus a Republic (a government limited by law) as the banking and Wall Street Masters of the Universe continue their tyranny.
http://blogs.salon.com/0002255/2009/03/23.html
P.S. Hey, we have to be slaves and not complain about it. Otherwise we'd be "anti-Semitic." It's "anti-Semitic" to notice what's happening and who's in charge, and it's "anti-Semitic" to complain about it. The FEMA camps will be full of "anti-Semites" otherwise known as "terrorists."
http://lawrencerspencer.com/…/titanic-assassination-by-sin…/
http://rense.com/general85/feddrec.htm — with Native Birddy.
https://lh6.googleusercontent.com/-fQB9NFBqN6g/VDtSthpAnfI/AAAAAAAEDh0/KlNxblERHxE/w506-h750/1497300_510646812382097_1638183563_n.jpg
20 hours ago - Via Reshared Post - View -
https://plus.google.com/105789798393402825305 Rolo Thomasi : A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY...
A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY AND HOW BANKERS US IT"
President Wilson, before he was President, said in 1911:
"The great monopoly in this country is the money monopoly. So long as it exists our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money in involved and who, necessarily, by every reason of their own limiations, chill and check and destroy genuine economic freedom. This is the greatest question of all: and to this, statesmen must address themselves with an earnest determination to serve the long future and true liberties of men."
In short, the Zionist Banking Establishment took over the United States money supply with the passage of the FEDERAL RESERVE ACT in 1913.
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the PRIVATE BANK of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender.
The Act was signed into law by President Woodrow Wilson.
JP Morgan had arranged the assassination of ALL of the opponents of the Federal Reserve Act when he had his ship, THE TITANIC, crashed and sunk. President John F Kennedy didn't have a chance but if we can get this information out to the public maybe we can make things right by arresting all these families and their Zionist conspirators. Not destroy Capitalism in favor of ANY COMMUNIST/SOCIALIST ideologies to further empower these criminal organizations wrapped in candy especially if it comes from the awesome propaganda machine (Television). When celebrities start perpetuating socialism, it is a sure sign that we will see many more celebrities, TV shows and mainstream media pushing limited socialism which is the key to Communism and tyranny.
JEWS CONTROL THE MONEY IN AMERICA. Period. End of story.
Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to.
Napoleon said: When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.
The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head:
$1. Rothschild Banks of London and Berlin.
$2. Lazard Brothers Banks of Paris.
$3. Israel Moses Seif Banks of Italy.
$4. Warburg Bank of Hamburg and Amsterdam.
$5. Lehman Brothers of NY.
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
$7. Goldman, Sachs of NY.
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders).
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).
TIME LINE OF THE JEW-OWNED FEDERAL RESERVE BANK
1791-1811: Rothschilds' First Bank of the United States.
1816-1836: Rothschilds' Second Bank of the United States.
1837-1862: Free Banking Era - no formal Central Bank through the efforts of President Andrew Jackson.
1862-1913: System of National Banks through the efforts of President Andrew Jackson.
1913-Current: Federal Reserve Act effects a consortium of privately held Jewish & associated banks called the Federal Reserve Bank. The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading.
On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. A smear campaign against McFadden ensued and he was poisoned 3 years later.
ZIONIST JEWS RUN THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK
Here are the Jews that control the government of America:
1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020.
2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016.
3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve.
4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014.
5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.
HOW THE FEDERAL RESERVE BANK WORKS
ZIONIST BANKERS PRINT MONEY at heavily-armed & guarded Federal Reserve Bank buildings throughout the US. Then these Jewish bankers of the Federal Reserve Bank loan the money to the US government at interest.
Since the Federal Reserve Bank is privately owned, the Federal Reserve Bank of New York (and all the others) is listed in Dun & Bradstreet. But according to Article I, Section 8 of the U. S. Constitution, only Congress has the right to issue money and regulate its value.
Thus it is illegal for private interests to issue US money. But because influential Jews like Paul Warburg and Jacob Schiff bribed into enactment the Federal Reserve Act of 1913, the stockholders of the Federal Reserve Bank were to be kept a secret. Only recently have the Jewish stockholders of the Federal Reserve Bank come to light.
International cooperation with the Jew-owned Federal Reserve Bank has been intense to coordinate currency. In 1985, officials from the JP Morgan Bank of NY met with the Credit Lyonnais Bank of France. They established the European Currency Unit Banking Association (ECUBA) to get world cooperation for a unified currency.
In October 1987, the Association for the Monetary Union of Europe (AMUE), secretly met and recommended that the ECU (European Currency Unit) replace existing national currencies and that all European Central Banks be combined into one and issue the ECU as the official unified currency. This occurred in 1999 with the issuing of the Euro.
The plan of the international Jewish banking cabal is to have only 3 central banks in the world: The Federal Reserve Bank, the European Central Bank, and the Central Bank of Japan. All of these banks are headed by the Rothschilds.
And Next To Come Will Be The One World Government Run By Anti-Christian Jews.
Read the source article from Real Jew News with links here.
http://www.realjewnews.com/?p=177
Related Articles
Pick-Pocketing the People: The ruling elite planned the global economic downturn. They timed the implementation and orchestration while controlling media coverage of it.
http://thomaspainereturns.blogspot.com/…/pick-pocketing-peo…
The Takeover of America, Republic Becomes Oligarchy: America has become an oligarchy (a government ruled by a powerful few) versus a Republic (a government limited by law) as the banking and Wall Street Masters of the Universe continue their tyranny.
http://blogs.salon.com/0002255/2009/03/23.html
P.S. Hey, we have to be slaves and not complain about it. Otherwise we'd be "anti-Semitic." It's "anti-Semitic" to notice what's happening and who's in charge, and it's "anti-Semitic" to complain about it. The FEMA camps will be full of "anti-Semites" otherwise known as "terrorists."
http://lawrencerspencer.com/…/titanic-assassination-by-sin…/
http://rense.com/general85/feddrec.htm — with Native Birddy.
https://lh6.googleusercontent.com/-fQB9NFBqN6g/VDtSthpAnfI/AAAAAAAEDh0/KlNxblERHxE/w506-h750/1497300_510646812382097_1638183563_n.jpg
20 hours ago - Via Reshared Post - View -
https://plus.google.com/110178440716990222674 Sozeib Ali : A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY...
A quote from Chapter One of the book by Judge Louis D. Brandeis, published in 1913 "OTHER PEOPLE'S MONEY AND HOW BANKERS US IT"
President Wilson, before he was President, said in 1911:
"The great monopoly in this country is the money monopoly. So long as it exists our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money in involved and who, necessarily, by every reason of their own limiations, chill and check and destroy genuine economic freedom. This is the greatest question of all: and to this, statesmen must address themselves with an earnest determination to serve the long future and true liberties of men."
In short, the Zionist Banking Establishment took over the United States money supply with the passage of the FEDERAL RESERVE ACT in 1913.
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the PRIVATE BANK of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender.
The Act was signed into law by President Woodrow Wilson.
JP Morgan had arranged the assassination of ALL of the opponents of the Federal Reserve Act when he had his ship, THE TITANIC, crashed and sunk. President John F Kennedy didn't have a chance but if we can get this information out to the public maybe we can make things right by arresting all these families and their Zionist conspirators. Not destroy Capitalism in favor of ANY COMMUNIST/SOCIALIST ideologies to further empower these criminal organizations wrapped in candy especially if it comes from the awesome propaganda machine (Television). When celebrities start perpetuating socialism, it is a sure sign that we will see many more celebrities, TV shows and mainstream media pushing limited socialism which is the key to Communism and tyranny.
JEWS CONTROL THE MONEY IN AMERICA. Period. End of story.
Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to.
Napoleon said: When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.
The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head:
$1. Rothschild Banks of London and Berlin.
$2. Lazard Brothers Banks of Paris.
$3. Israel Moses Seif Banks of Italy.
$4. Warburg Bank of Hamburg and Amsterdam.
$5. Lehman Brothers of NY.
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
$7. Goldman, Sachs of NY.
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders).
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).
TIME LINE OF THE JEW-OWNED FEDERAL RESERVE BANK
1791-1811: Rothschilds' First Bank of the United States.
1816-1836: Rothschilds' Second Bank of the United States.
1837-1862: Free Banking Era - no formal Central Bank through the efforts of President Andrew Jackson.
1862-1913: System of National Banks through the efforts of President Andrew Jackson.
1913-Current: Federal Reserve Act effects a consortium of privately held Jewish & associated banks called the Federal Reserve Bank. The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading.
On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. A smear campaign against McFadden ensued and he was poisoned 3 years later.
ZIONIST JEWS RUN THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK
Here are the Jews that control the government of America:
1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020.
2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016.
3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve.
4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014.
5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.
HOW THE FEDERAL RESERVE BANK WORKS
ZIONIST BANKERS PRINT MONEY at heavily-armed & guarded Federal Reserve Bank buildings throughout the US. Then these Jewish bankers of the Federal Reserve Bank loan the money to the US government at interest.
Since the Federal Reserve Bank is privately owned, the Federal Reserve Bank of New York (and all the others) is listed in Dun & Bradstreet. But according to Article I, Section 8 of the U. S. Constitution, only Congress has the right to issue money and regulate its value.
Thus it is illegal for private interests to issue US money. But because influential Jews like Paul Warburg and Jacob Schiff bribed into enactment the Federal Reserve Act of 1913, the stockholders of the Federal Reserve Bank were to be kept a secret. Only recently have the Jewish stockholders of the Federal Reserve Bank come to light.
International cooperation with the Jew-owned Federal Reserve Bank has been intense to coordinate currency. In 1985, officials from the JP Morgan Bank of NY met with the Credit Lyonnais Bank of France. They established the European Currency Unit Banking Association (ECUBA) to get world cooperation for a unified currency.
In October 1987, the Association for the Monetary Union of Europe (AMUE), secretly met and recommended that the ECU (European Currency Unit) replace existing national currencies and that all European Central Banks be combined into one and issue the ECU as the official unified currency. This occurred in 1999 with the issuing of the Euro.
The plan of the international Jewish banking cabal is to have only 3 central banks in the world: The Federal Reserve Bank, the European Central Bank, and the Central Bank of Japan. All of these banks are headed by the Rothschilds.
And Next To Come Will Be The One World Government Run By Anti-Christian Jews.
Read the source article from Real Jew News with links here.
http://www.realjewnews.com/?p=177
Related Articles
Pick-Pocketing the People: The ruling elite planned the global economic downturn. They timed the implementation and orchestration while controlling media coverage of it.
http://thomaspainereturns.blogspot.com/…/pick-pocketing-peo…
The Takeover of America, Republic Becomes Oligarchy: America has become an oligarchy (a government ruled by a powerful few) versus a Republic (a government limited by law) as the banking and Wall Street Masters of the Universe continue their tyranny.
http://blogs.salon.com/0002255/2009/03/23.html
P.S. Hey, we have to be slaves and not complain about it. Otherwise we'd be "anti-Semitic." It's "anti-Semitic" to notice what's happening and who's in charge, and it's "anti-Semitic" to complain about it. The FEMA camps will be full of "anti-Semites" otherwise known as "terrorists."
http://lawrencerspencer.com/…/titanic-assassination-by-sin…/
http://rense.com/general85/feddrec.htm — with Native Birddy.
https://lh6.googleusercontent.com/-fQB9NFBqN6g/VDtSthpAnfI/AAAAAAAEDh0/KlNxblERHxE/w506-h750/1497300_510646812382097_1638183563_n.jpg
20 hours ago - Via Reshared Post - View -