Watch this one minute video of Bush promising home loans to minorities who are bad credit risks!
http://www.youtube.com/watch?v=eW9viaJatpo
Dr. David Duke says:
To the New York Crooks who want a Bailout:
Stuff It!
I want to urge all readers and listeners of Davidduke.com to contact their Senators and Congressmen and demand that this gigantic theft of American taxpayers be voted down. Tell the International Criminal Bankers to Stuff it!
Please forgive my coarse language, but I am so angry about this proposed biggest criminal theft in history that I feel impelled to speak with no holds barred.
There are a number of reasons for the financial crisis. Here are the two most prominent causes of this debacle.
1. The crisis in massive numbers of failed mortgage loans is rooted in the “affirmative action” minority banking policies imposed by the Federal Government, and exploited by the Wall Street banks.
Citing minority loan rejections, America’s controlled media have for years waged an unrelenting campaign that claimed minorities have been discriminated against by lending institutions. The affirmative action politicians and the Federal Reserve then forced institutions to change sound borrowing policies to foster millions of unsound minority loans.
In a September 28 Boston Globe column, Jeff Jacoby asserted:
The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and “redlining” because urban blacks were being denied mortgages at a higher rate than suburban whites.
The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to “meet the credit needs” of “low-income, minority, and distressed neighborhoods.” Lenders responded by loosening their underwriting standards and making increasingly shoddy loans. The two government-chartered mortgage finance firms, Fannie Mae and Freddie Mac, encouraged this “subprime” lending by authorizing ever more “flexible” criteria by which high-risk borrowers could be qualified for home loans, and then buying up the questionable mortgages that ensued…
Lenders were directed to accept welfare payments and unemployment benefits as “valid income sources” to qualify for a mortgage. Failure to comply could mean a lawsuit.
Watch the accompanying video of George Bush speaking six years ago about racial lending policies that are now coming home to roost. Here is the text of George Bush’s words directly from the video:
More and more people own their own homes in America today. Two thirds of all Americans own their own homes, but we have a problem because fewer than half of the Hispanics and fewer than half of the African Americans own their own home. That’s a home ownership gap, a gap we have to work together to close. By the end of this decade we will increase the number of minority homeowners by at least 5 and ½ million.
Of course one of the larger obstacles to minority home ownership is financing. Fannie Mae and Freddie Mac have committed to provide more money for lenders, they have committed to meet the shortage of money for minority homebuyers. Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for home ownership. One of the programs is designed to help deserving families with bad credit histories to qualify for home ownership loans. You don’t have to have a lousy home for first time homebuyers. You put your mind to it, the low income homebuyer can have just as nice a house as anybody else.
Of course, Fannie Mae and Freddie Mac went belly up from these policies and these institutions have been bailed out by the overwhelming White taxpayers. It is true that many middle-class, European Americans saw the increase of the home values and were lured into refinancing and taking some of the money out of their homes, and there is no denying that some elements abused the system. But, the overwhelming numbers of these European American homeowners are biting the bullet and paying their mortgages even though the underlying value of their homes have declined. Those who have lost their jobs or who are transferred to another locality, they are suffering great financial hardship. Because they have had good credit and want to keep it solid, the vast majority don’t walk away from their loans. On the other hand, the minorities with bad credit histories that President Bush talks about have no qualms about walking away from their loans and getting foreclosed, for their credit is bad anyway.
It is not enough, when better-qualified White people face government-mandated and media-applauded discrimination in jobs, promotions, scholarships, college admissions, and contracting. Now European Americans, the group that pays 98 percent of the taxes in the United States of America are being told that they must foot the bill for these affirmative action lending policies.
2. The other main cause of the financial crisis has been the corrupt manipulation of the Jewish-controlled Federal Reserve System and other Jewish-dominated international financial institutions.
The policies of the Federal Reserve are directly responsible for the minority lending policies and they constructed a financial system that enabled the Jewish-dominated financial houses to have billion dollar profits from these new policies. Now they are seeking to have these Billions of dollars of false paper profits on toxic loans that have turned to dust, to be ultimately paid for by the taxpayer.
Chairmanship of the privately-owned Federal Reserve Bank is practically a “Jewish seat” today with Alan Greenspan and Ben Shalom Bernanke serving for a combined 21 years. Although ostensibly appointed by the President of the United States and approved by the Senate, these FED Chairmen have amazingly remained in office even when Presidential Administrations vacillated between Republican and Democratic. At the same time that new administrations routinely replace leading cabinet and administrative positions, even going as far down as local U.S. Attorneys, for some reason, Jewish Federal Reserve Chairmen don’t change so regularly. What the Jewish power in Washington wants, it gets. If it wants a Jewish Republican financier being the most powerful economic czar in America in a democratic administration, or Jewish Democrat agent in a Republican administration it gets what it wants.
As I point out in my books and articles, and as I document with quotations from prominent Jewish leaders, there is no ethnic group on the planet more conscious of what they perceive as their common interests and their Jewish agenda. From their mother’s milk they are taught that they have always been suffering victims and that they will always be threatened by non-Jews. The most important days in the Judaic Religion are reserved for commemoration of Gentile persecution and Jewish self-adulation, such as Passover, Purim and Chanukah.
Chronic portrayal of the Holocaust has been seared into the consciousness of Jews. And guilt is accorded not just to the National Socialists but to the entire Christian world. By this thinking, Jews are never safe; they must always look out for themselves and never trust Gentiles to serve their interests. They are taught to act in a way that empowers the Jewish people and empowers their brethren in the host society. At the same time they condemn any sort of ethnic consciousness of non-Jews, they know that as a team they can accomplish their agenda. One reason why Jews can exercise incredibly disproportionate power in politics and media is the same team strategy that has led to dominance in the highest echelons of International Finance.
No group networks as does the Jewish community around the world. A group that constitutes 2.1 percent of the population of the United States constitutes the most powerful lobby in the United States, AIPAC, as well as many less-mentioned assorted lobbies and special interest groups, and they dominate American politics. They so dominate the American media that the Jewish Chronicle in Los Angeles openly boasts for its Jewish readers. “Jews own 4 of the 5 largest media conglomerates in the United States” and they point out that the 5th is owned by Zionist-controlled Gentile (Murdoch). The Murdoch empire has Jews in key positions in almost all the key media positions, such as Fox News. Must I go much further than to mention that the three most influential newspapers in the United States, The New York Times and The Washington Post, and The Wall Street Journal are completely in the control of Jewish Zionists? I could of course go a lot further, the major news magazines, huge newspaper chains, and their undeniable supremacy over the Television and Movie industry. (See my chapter on Jewish Media Control from My Awakening and Jewish Supremacism)
Is it any wonder that the media praise organizations that brazenly advance the Jewish agenda and Jewish interests, such as AIPAC and the American Jewish Committee? Do you understand why they heap praise on organizations like the Jewish ADL (anti-Defamation League of B’nai B’rith) that fight organizations which defend the interests of European-Americans while at the same time they defend the racist, supremacist State of Israel, a nation that segregates Jews and non-Jews and even forbids legal intermarriage of a Jew and a Gentile?
Is it any wonder that any organization which would dare to work for the interests of White Americans is demonized by that same media?
Is it any wonder that the media approve of billions of dollars of American tax money sent to Israel, a segregated, ethno-religious, supremacist state? At the same time the media condemn any sort of White consciousness in America as racism and supremacism.
Is it any wonder that Jewish Neocons could steer America into a war for Israel in Iraq, and that the Jewish-influenced media were accomplices in the torrent of lies preceding this war that has been so catastrophic for Americans and Iraqis, with only Israel the winner?
Is it any wonder that mainstream American media still repeat the bald-faced lie that Israel’s main enemy, President Ahmadinejad of Iran, said he “is going to wipe Israel off the map?”
Is it any wonder that the first trips taken by the newly presumptive nominees for U.S. President are to Israel rather than say Iowa or Idaho?
Is it any wonder the Jewish-dominated media supports this massive theft from the American taxpayer called a “bailout?”
The same Jewish extremist power that orchestrated the catastrophe of Iraq War created this massive economic catastrophe and it will now make the American people pay for its own greed and crookedness.
Not only did Greenspan and Bernanke, Jewish-controlled Federal Reserve, and Jewish influenced media and political power in America promote these racist, affirmative action loan policies, they set the rules so that their high-finance Jewish Brethren could profit from it. With Uncle Sam and the media firmly under the control of these elements they knew that the hard-working American taxpayers could be eventually made to pay for the toxic paper of these minority loans. In fact, hundreds of billions of dollars has already been earmarked by President Bush through executive orders even before the bailout came to the legislative table.
The structure of the Federal Reserve System allowed these bad credit and toxic paper loans to be used by the big financial houses as assets that would get them cash at far more than the face value of the property. Derivatives and hedge funds can amount to trillions of dollars on the financial markets.
Many of these institutions then turned around and siphoned off the additional dollars they could borrow to buy real assets such as resources and sound businesses. Now they demand that the American people pay the bills for the toxic paper while the hard assets are being brokered to other Banking and Financial Houses. If the bailout passes congress the American taxpayer will be left with a mountain of bad debts that will plague the American people for years.
After they have already stolen trillions of dollars from the economy of America and Europe, these crooks are trying to blackmail trillions by threatening the American people with financial ruin that these primarily Jewish financiers themselves caused. It is as if a robber stole your car and then demanded that you pay him the original cost of the car to get it back. There is no reason to trust the criminal who stole your car in the first place to return your car after you pay him twice for the same crime! Besides it is all a lie, the criminal has already burned your car to cinders. Toxic debt is just what it says, it’s toxic. It is toxic to the American taxpayer and the American economy.
Now the politicians and media are telling you that your money must bailout Wall Street criminals because if you don’t, you and the American mainstream will suffer. They are trying to ram this bailout theft package of 700 billion dollars down the throats of the American people with a gun to our heads!
Not only that, a problem that went on for years is one that we are told we must solve in days or even in hours! Vote the bill, drink the Kool Aid or else.
Once again, the hands of the Jewish extremists are all over this theft. The man who is considered the most powerful czar of economic policy is the Chairman of the Federal Reserve, Benjamin Shalom Bernanke. Yes his middle name really is “Shalom”. Can we all say “Mazal tov.” And the Gentile point man used is none other than Treasury Secretary Paulson, a former CEO of the very Jewish firm of Goldman Sachs. Numerous Jewish executives at Goldman Sachs have been repeatedly prosecuted for billions of dollars of financial crimes against the American people, including fraud and insider trading. In the current “subprime crisis”, these Jews knew that the theft of the subprime loans would eventually unravel and they began to play the other side of the subprime market. To quote Wikipedia:
Goldman Sachs Actions in the subprime mortgage crisis
Despite the 2007 subprime mortgage crisis, Goldman was able to profit from the collapse in subprime mortgage bonds in the summer of 2007 by selling subprime mortgage-backed securities short. Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with bearing responsibility for the firm’s large profits during America’s sub-prime mortgage crisis.[44] The pair, who are part of Goldman’s structured products group in New York, made a profit of $4bn by “betting” on a collapse in the sub-prime market, and shorting mortgage-related securities. In other words they made the crisis even worse and took billions from the system. The article also points that for years Goldman Sachs had huge amounts on subprime loans and probably sold them off before the crisis became generally known. And now a former insider at Goldman Sachs is going to tell us to vote for the Bailout!
So now these criminals are going to have a former Goldman Sachs executive push for the theft called “the Bailout”.
To understand the influence of these Jewish financial Czars on the American political process one only has to look at the leading financiers of the Obama and McCain campaign for President.
Obama’s leading contributor is Goldman Sachs with over $691,000 dollars contributed, and three out of the top four of Obama’s contributors are International Investment Firms. Goldman Sachs is a major contributor also to John McCain. And 15 out of the top 20 of McCain’s contributors are international banking and investment firms. By the way, we hear so often in the Jewish-dominated media the political influence and threat posed by the big oil companies, of which most of them are not Jewish owned or run. Yet, among McCain’s and Obama’s top twenty contributor list, there is not a single oil company. So really, who has the power in American politics? The Jewish media love to do a misdirection blaming the oil company influence and the quest for oil for the catastrophe of the Iraq War. It suggests that anyone who simply tells the truth about the Jewish extremist dominant role in the Iraq War is quote anti-Semitic. In America to tell the obvious truth about Jewish supremacism is anti-Semitic. In reality, it was the Jewish lobby and Jewish media and Jewish Neocons who led the push for war. Saddam, a one-time ally of America, had no problem doing business with American oil companies or selling us oil, but his big problem was that Israel and the Jewish extremist power in America considered him a mortal enemy.
Looking at the contributor list for Obama and McCain, is it any wonder why they support the gigantic theft of this bailout. The same is true for many members of Congress, and we cannot forget that the Jewish-dominated media will favor those who support the bailout and vicious toward those who don’t.
Notice too who are the promoters of this gigantic theft. The leader of the Democrats is the Jewish, homosexual, underage male page seducer, Barney Frank, and on the Republican side it is the very Jewish, Eric Cantor. Barney Frank as the Globe article pointed out was one of the promoters of the minority loan processes that had a major role in this financial meltdown.
As I put this article to bed, the controlled media is almost in unison telling the American people how the bailout is necessary not for Wall Street but for Main Street. They are threatening the American people with financial Armageddon unless we give into this blackmail by the biggest den of thieves in world history. Wolf Blitzer, who I once exposed on the air as not an honest journalist but a former lobbyist for AIPAC, seriously looked into the eyes of the American people and told them how this Bailout was in the true interest of the American taxpayer.
If anyone still believes that hogwash, I am sure Blitzer and his brethren have a few Brooklyn Bridges to sell you.
Tell the criminals who run Wall Street, politics and the mass media to take the bail out and Shove it!
