What Really Got Us To Where We Are – Bailout 2008

This is a little bit of information on the Act the democrats passed that created this entire mess. The bailout of 2008 should be called the flummoxing of the US economy. Let’s call a spade a spade and read for yourself what a bad piece of legislation that looks like social engineering on steroids looks like. Below is the wording of the “Community Reinvestment Act” – Google it and be astonished at what the Demon-cats fail to let you know.

The CRA was passed into law by the 95th United States Congress in 1977 as a result of national grassroots pressure for affordable housing, and despite considerable opposition from the mainstream banking community.[1] Only one banker, Ron Grzywinski from ShoreBank in Chicago, testified in favor of the act.[2] The CRA mandates that each banking institution be evaluated to determine if it has met the credit needs of its entire community. That record is taken into account when the federal government considers an institution’s application for deposit facilities, including mergers and acquisitions. The CRA is enforced by the financial regulators (FDIC, OCC, OTS, and FRB).

The bill encouraged the Federal National Mortgage Association, commonly known as Fannie Mae, to enable mortgage companies, savings and loans, commercial banks, credit unions, and state and local housing finance agencies to lend to home buyers. It also encouraged the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, to buy mortgages on the secondary market and sell them as mortgage-backed securities on the open market.[3] Due to massive financial losses, on September 7, 2008 the Federal Housing Finance Agency (FHFA) put Fannie Mae and Freddie Mac under the conservatorship of the FHFA.[4]

This video also gives a really good accounting of who did what when:

Is This What You Had In Mind


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Paypal Set To Block Unscrupulous Browsers

Web payment firm Paypal has said it will block “unsafe browsers” from using its service as part of wider anti-phishing efforts.

Customers will first be warned that a browser is unsafe but could then be blocked if they continue using it.

Paypal said it was “an alarming fact that there is a significant set of users who use very old and vulnerable browsers such as Internet Explorer 4”.

Phishing attacks trick users into handing over sensitive data.

Paypal said some users were still using Internet Explorer 3 , released more than 10 years ago. It lacks many of the security and safety features needed to protect users from phishing and other online attacks.

Legitimate sites

Paypal said it supported the use of Extended Validation SSL Certificates. Browsers which support the technology highlight the address bar in green when users are on a site that has been deemed legitimate.

The latest version of Internet Explorer support EV SSL certificates, while Firefox 2 supports it with an add-on but Apple’s Safari browser for Mac and PCs does not.

“By displaying the green glow and company name, these newer browsers make it much easier for users to determine whether or not they’re on the site that they thought they were visiting,” said Paypal.

The steps were outlined in a white paper on managing phishing, written by the firm’s chief information security officer Michael Barrett and Dan Levy, director of risk management.

In it, they said: “In our view letting users view the PayPal site on [an unsafe] browser is equal to a car manufacturer allowing drivers to buy one of their vehicles without seatbelts.”

Paypal described the battle against phishing as a “fast-moving chess match with the criminal community”.

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Securing Your Identity Isn’t Just For The Rich

Do you have any special needs that should be addressed in the budget or in your planning? Do you need a vehicle with handicap access (these cost a lot of extra money in many cases and should be strictly budgeted when making retirement plans) and do you have a little tucked away into your budget for emergencies that may arise? Emergencies that require your identification of life-threatening diseases can also be helpful. The overwhelming increase in identity theft makes lifelock an essential tool as a consumer these days. Gone are the days of criminals searching through garbage cans and raiding mailboxes.
The list may seem endless but each question is very important in the grand scheme of things.

Toss-Up Between A Commercial Or Personal Mortgage

In the past decades, it was believed that a mortgage loan is a mortgage loan no matter whichever is chosen. But this theory is not workable anymore because of the many mortgage loan products available in the market. So, before choosing a mortgage loan, it is very important to decide which one is right for you. Finding the right Commercial Mortgage loan means balancing your mortgage options with your housing requirements and financial picture, now and in the future. Also the right mortgage is not just having the lowest interest rate but much more than that. And this “much more” will be determined by your personal situation.

My Paypal Account Is Larger Than Yours

Below is the latest exploit attempt at my Paypal account information. Recently these have become very numerous to both of my gmail accounts and also other accounts that i have hosted elsewhere. when will these knuckleheads learn that thissi the most idiotic attempt at phishing known to man? Continue reading

Paypal Needs Me To Update My Information – Is Yours Updated

Protect Your Account Info
Make sure you never provide your password to fraudulent websites.

To safely and securely access the PayPal website or your account, open a new web browser (e.g. Internet Explorer or Netscape) and type in the PayPal URL (https://www.paypal.com/row/) to be sure you are on the real PayPal site.

PayPal will never ask you to enter your password in an email.

To learn more about protecting yourself from fraud, visit the Security Center. Click “Security Center” on the bottom of any PayPal page
Protect Your Password
You should never give your PayPal password to anyone, including PayPal employees.
Please Update Your Information!

Dear Member PayPal,

To complete your PayPal account, you must click the link below and enter your password on the following page to confirm your email address.
Click here to activate your account

Your new PayPal account makes sending online payments fast, easy, and secure. With over 150 million members, it’s the best way to:

* Buy from an online auction
* Pay on a merchant website
* Send money to anyone with an email address

Confirm your email now to make sure you can use your PayPal account the next time you make a purchase.
You can also confirm your email address by logging into your PayPal account at https://www.paypal.com/row/. Click on the “Confirm email” link in the Activate Account box and then enter this confirmation number: 1770-8630-3357-2002-1481

Thank you for using PayPal!
The PayPal Team

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to your PayPal account and choose the Help link located in the top right corner of any PayPal page.

To receive email notifications in plain text instead of HTML, update your preferences here.

Copyright © 1999-2008 PayPal. All rights reserved.

Consumer advisory- PayPal Pte. Ltd., the holder of PayPal’s stored value
facility, does not require the approval of the Monetary Authority of Singapore.
Users are advised to read the terms and conditions carefully.

PayPal Email ID PP468