Bank of America: the Corruption Continues

As documented previously, Bank of America’s actions against the Constitution and the American people is long. The latest scandal outlined below is a premium paid to this bank by the government “to transfer the servicing of troubled loans to another firm“.

David DeGerolamo

Fannie Mae paid BofA premium to transfer soured loans-regulator

Fannie Mae agreed to pay Bank of America Corp about 20 percent more than it was contractually obligated to last year in order to transfer the servicing of troubled loans to another firm, a report by a watchdog found.

In a report to be issued on Tuesday, the inspector general for the Federal Housing Finance Agency urges the regulator to ensure Fannie Mae applies more scrutiny to the pricing of such transactions and possibly revise its contracts with mortgage servicers.

“FHFA should ensure that Fannie Mae does not have to pay a premium to transfer inadequately performing portfolios,” the report says, referring to the regulator of Fannie Mae and sibling Freddie Mac.

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Morning Report

Al-Qaida’s North African affiliate group urges Muslims to kill more representatives of the US government over anti-Islam film

Afghan militants claim responsibility for bomb attack on a minivan that killed 12, say it was in retaliation to anti-Islam film – 5 killed in Afghanistan blast were South African nationals.  Cutback of coalition operations with Afghan forces only ‘temporary and prudent response’ to current threat, NATO spokesman says

Kurdish militants attack military convoy in eastern Turkey, killing 7 soldiers and wounding 56, security sources say

Nigeria officials say Islamic sect gunmen kill former top Nigeria prison official and state attorney general

Surging production in the poppy fields and meth factories of Myanmar’s borderlands stokes fear of a drug crisis

Russia signs deal with North Korea to write off 90% of North Korea’s $11 billion debt to Moscow

Japan’s Tokyo Electric (TEPCO) in talks to secure rights to a North American liquefied natural gas supply

Coal producer Alpha says it’s closing 8 mines, cutting 1,200 jobs in all

4 people shot in Little Haiti area of Miami, 2 of them fatally.

2 shot, 1 dead in east side Cleveland, Ohio, shooting.

PATH train service from Hoboken, New Jersey, completely suspended due to smoke condition.

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Is the Obama administration covering up scandalous details in Libya attack?

On tonight’s episode of “Glenn Beck”, Glenn laid out a new theory regarding the attacks on American Ambassador Chris Stevens in Libya. On the show, Glenn stated that he believes, based on his research and analysis, Stevens was not killed as a result of spontaneous riot spurned by the video spreading around YouTube parodying Muhammad. Instead, Glenn believes he was killed in a targeted attack and that the protests were just used as a distraction.

In the opening minutes of the show, Glenn laid out the timeline for the attacks on Libyan embassy::

– 10:15pm Consulate is engulfed in flames. Many escape, raced by convoy about one mile down the road to a supposed “safe house”. Stevens does not make it.
– 10:45pm Security staff regroup and try to take back the main building but encounter heavy fire and retreat.
– 11:20pm More back-up arrives and a second attempt regains the main building. Fighting erupts at the “secret” safe house and lasts 2 hours. The attack was described as “intense, deadly and accurate.” It featured automatic weapons, RPG’s and mortar fire. The accuracy was said to be too good for ordinary revolutionaries. Two former SEALs are killed in firefight.
– 1:15 am – Stevens body taken to hospital and unable to be revived

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Syrian regime tested chemical weapons firing systems

Chemical WMDs (illustrative)Syria tested firing systems for poison gas shells at the country’s largest chemical weapons research center at Safira, east of Aleppo, last month, German weekly Der Spiegelreported on Monday, citing statements from various witnesses.

According to the report, Iranian Revolutionary Guard officers were flown in by helicopter to witness the testing.

Several empty shells, designed to carry chemical weapons, were fired by tanks and helicopters in a desert location near the research center, Der Spiegel quoted the witnesses as saying.

According to the report, Syria has reinforced security at the facility and made efforts to safeguard its electricity supply in recent months, in case of rebel attack.

Both the US and Israel have expressed concern over Syria’s stockpile of chemical weapons falling into the wrong hands or being used by Syrian President Bashar Assad to quell the uprising in the country.

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Liberty Congress Postponed Until Spring

Since the primary means of promoting the III Arms prototypes will be booths at large gun shows over the fall and winter so that potential customers can physically put their hands on the weapons, we’ve decided to push the Liberty Congress into the Spring. We’ve chosen April 13-15 2013 on the National Mall. The 15th (Tax Day) is Monday, and our event will benefit because so many other groups host events on the Mall on Tax weekend.

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Mitt Romney on Obama Voters

httpv://www.youtube.com/watch?v=XnB0NZzl5HA

A breath of fresh air: Mitt Romney explains reality about the people who support Obama. If Obama wins the election in November, these people will have sold our country and children into slavery in exchange for their “right to be entitled“.

David DeGerolamo

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Caller Threatens to Hijack Two Aircraft at JFK

(NBC News, New York)  Two airplanes at John F. Kennedy Airport have been cleared after a caller warned that hijackers were targeting them.

The planes had already landed when the call came in, law enforcement sources said. The planes were searched in an isolated area as a precaution, and the level of concern was low.

The affected planes were an American Airlines flight from San Francisco, and a Finnair flight from Helsinki, sources said.

The Finnair flight was cleared around 4:30 p.m., a federal official said, and an all-clear on the American Airlines flight followed shortly afterward.

The Port Authority Police received a phoned threat that hijackers wearing gas masks were hiding in the wheel wells of a plane that left from Chicago, but the information was vague, sources said. The American Airlines plane was carrying four federal air marshals, sources said.
~~~~~NNNNN~~~~~

If you think this spate of bomb threats, and now hijacking threats is all for show, then you’re probably correct – but what would make more sense than to frustrate and anger us, causing a massive expenditure of public resources, which will, after several weeks of un-accomplished threats, devolve into public complacency, if no real event occurs?  That is when a successful attack would have the greatest effect, from a terrorist perspective.

WE HAVE BEEN WARNED

LT
~Sic Semper Tyrannis!

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Are You Worried About the Collapse of the US Dollar?

  1/20/09 (currency
vs. the value
of the USD)
9/14/12 (currency
vs.the value
of the USD)
 Difference  Gain or Loss
 Swiss Franc 1.14 0.93 -$0.21 18.54%
 Chinese Won 1.36 1.13 -$0.23 17.07%
 Canadian Dollar  1.26 0.97 -$0.29 22.97%
 British Pound 0.93 0.81 -$0.12 13.14%
 Euro 1.29 1.31 $0.02 -1.43%
 Russian Ruble 42.21 40.54 -$1.67 3.96%

The above table reflects the change in currencies against the US dollar since Obama took office on January 20, 2009. The NYSE on that date was 8,279. The market closed today at 13,553. That reflects an increase 63.7% since Obama took over. Of course the market had already crashed: the economic collapse was kicking off with TARP and the market’s reaction to an Obama victory. So the stock market is actually about where it was when the mortgage and credit crisis became public knowledge at the close of Summer, 2008: Continue reading

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4000 Marines Headed To Middle East As Part Of Peleliu Amphibious Group Dispatch

This is how US naval assets stand as of last week via Stratfor:

Up until now, the LHD 7 Iwo Jima Big-Deck Amphibious Warfare ship was all alone in the Arabian Sea, patiently awaiting orders to liberate this or that middle east country of their oil reserves. This is no longer the case: launching today in general direction – Middle East – for a brand new 7 month engagement, is the LHA 1 Peleliu Amphibious Ready Group, consisting of the amphibious assault ship, the USS Peleliu which consists of 4000 marines. LHA 1 also comprises of the amphibious transport dock USS Green Bay and the dock landing ship USS Rushmore. Also deploying Monday is the Marine Corps’ 15th Marine Expeditionary Unit and elements of Fleet Surgical Team 1, Helicopter Sea Combat Squadron 23, Assault Craft Units 1 and 5, and Beach Master Unit 1. And as we reported previously, the middle east veteran – the CVN 74 Stennis aircraft carrier – was providently already on its way. In other words, in about 2 weeks, the Middle east will be the focal point of 3 aircraft carriers, 2 amphibious assault forces, and who knows how many “developed” world armadas, all hell bent on securing that one extra bit of Middle East oil, under the guise of spreading democracy and liberating the local people who “hate America’s for its freedom.”

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Beirut Embassy Prepares for Violence

WASHINGTON (AP) — Diplomats at the U.S. Embassy in Beirut have started to destroy classified material as a security precaution amid anti-American protests in Lebanon and elsewhere in the Middle East and North Africa.

A State Department status report obtained Monday by The Associated Press said the Beirut embassy had “reviewed its emergency procedures and is beginning to destroy classified holdings.” It also said that local Lebanese employees were sent home early due to protests by the militant Shiite group Hezbollah over an anti-Muslim film produced in the U.S.

In Washington, a State Department official said there was no imminent threat to the heavily fortified Beirut embassy, which is about an hour away from where the nearest demonstration is planned.

The official, who spoke on condition of anonymity because he was not authorized to discuss security procedures, said the decision to “reduce classified holdings” was routine and made by embassy staff.

Protesters have breached the walls or compounds of several U.S. diplomatic missions, including the consulate in Benghazi, Libya where the ambassador and three other Americans were killed, Cairo and Tunis since last Tuesday.

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When Judges Go On Strike…

(Reuters)  Athens – Greek judges went on strike on Monday, kicking of a series of walkouts by state employees ranging from doctors to tax officials in protest at wage cuts and labor reforms demanded by international lenders in exchange for more aid.

Judges were hearing only cases nearing the statute of limitations and are expected to continue their labor action throughout this week, potentially delaying thousands of cases waiting to be heard by the already overstretched legal system.

“We are determined to defend our current wages,” the judges’ associations said in a statement. “We won’t tolerate the downgrading of the judges.”

Judges say they have already seen their salaries reduced by as much as 38 percent and have warned that relentless pay cuts were putting their constitutional position as guarantors of the court system under threat.

“We call on the state not to forget that it has the obligation of protecting the personal and operational independence of judges,” the group of associations said.
~~~~~NNNNN~~~~~

When the judges go on strike, then martial law is inevitable, because civil law will have lost the last remnants of its voice.  What can happen in Greece can happen elsewhere, even in the US.

WE HAVE BEEN WARNED

LT
~Sic Semper Tyrannis!

 

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Morning Update

The morning summary of overnight events –

Beirut is exploding with protests – thousands take to streets “to protest US Anti-Islam film”.  Hezbollah leader makes rare TV appearance encouraging protests.
Suicide bomber detonates car bom near entrance to Green Zone in Baghdad, killing 7 and wounding a dozen more
Thousands protest near US embassy in Kabul, Afghanistan, hundreds become violent, setting cars ablaze, assault Afghan police, and attacking Western assets along Jalalabad Road.  New round of protests rising, fresh wave of protesters headed to US Consualte as of 0830EDT/17SEPT
Japanese Coast Guard engages fishing vessels brought by Chinese protesters to contested islands
Police in Indonesia use tear gas and water cannon to disperse hundreds of protesters outside the US Embassy in Jakarta
China secretly opens trial of policeman at center of leadership power struggle
Much of Okinawa (110,000 homes) without power after typhoon Sanba passes over
2 South African mines reopened this morning, but situation remains tense – South African police stop ANC’s Julius Malema from addressing crowd of striking miners
Nissan Motor Co suspends China production for 2 days starting Sept 17 in wake of anti-Japan protests
Panasonic, Canon among firms shuttering China factories amid violent anti-Japan protests
Typhoon Sanba slams into South Korea with torrential rain and high winds, disrupting flights, ferries
Occupy plans to start 1st anniversary protest activities between 7am and 7:30 as part of “S-17” day of action
China files WTO dispute against USA to challenge duties on range of goods including paper, steel, chemicals, tyres, wind towers
Japan’s top general retailer, Seven & I Holdings, to close over 200 stores in China over territorial dispute
Rahm Emanuel takes legal against teachers union, “to end illegal strike”

 

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Iran accuses nuclear watchdog of being infiltrated by “terrorists and saboteurs”

Iran's atomic energy chief Fereydoun Abbasi-Davani

Iran’s atomic energy chief Fereydoun Abbasi-Davani

Emboldened by certainty that the US and Israel had given up on attacking its nuclear program, Iran’s atomic energy chief Fereydoun Abbasi-Davani felt free to heap abuse on the International Atomic Energy Agency. Addressing the IAEA’s annual meeting in Vienna Saturday, Sept. 17, the Iranian official accused the watchdog of a cynical approach and mismanagement, being influenced by “certain states” and infiltration by “terrorists and saboteurs.

The Iranian official bald-facedly turned charges that Iran is a major sponsor of terrorism world wide against its accusers in the West, bolstered further by the row between the Obama administration and Israel over whether or not to go to war against Iran.  Saturday, the Iranian media highlighted the US President Barack Obama’s rebuff of Prime Minister Binyamin Netanyahu over “red lines” for Iran – encouraging news for Iran’s leaders.

He was further encouraged to take liberties by the propitiatory offer by the IAEA director Yukiya Amano to “intensify dialogue” with Iran despite the lack of progress so far in clarifying concerns about its nuclear program. And Catherine Ashton, the European Union foreign policy chief, was more than ready to meet Saeed Jalili, Iran’s chief nuclear negotiator in Istanbul, again Tuesday, Sept. 18, for an effort to restart nuclear talks between six world powers and Iran – even though Tehran had systematically blocked progress in the last rounds.

Iran’s leaders must have felt they were completely out of the woods when they heard US ambassador to the United Nations Susan Rice comment to CNN Sunday night: “They do not have a nuclear weapon. Our shared intelligence assessments are that there is still a considerable time and space before they will have a nuclear weapon should they make the decision to go for that.

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Japanese firms shut China plants, U.S. urges calm in islands row

Demonstrators damage a windows glass for Japanese Seibu department stores during a protest against Japan's decision to purchase disputed islands, which Japan calls the Senkaku and China calls the Diaoyu, in Shenzhen, south China's Guangdong province September 16, 2012. REUTERS-Tyrone Siu

Major Japanese firms have shut factories in China and urged expatriate workers on Monday to stay indoors ahead of what could be more angry protests over a territorial dispute that threatens to hurt trade ties between Asia’s two biggest economies.

China’s worst outbreak of anti-Japan sentiment in decades led to weekend demonstrations and violent attacks on well-known Japanese businesses such as car-makers Toyota and Honda, forcing frightened Japanese into hiding and prompting Chinese state media to warn that trade relations could now be in jeopardy.

China and Japan, which generated two-way trade of $345 billion last year, are arguing over a group of uninhabited islets in the East China Sea, a long-standing dispute that erupted last week when the Japanese government decided to buy some of them from a private Japanese owner.

n response, China sent six surveillance ships to the area, which contains potentially large gas reserves. On Monday, a flotilla of around 1,000 Chinese fishing boats was sailing for the islands and was due to reach them later in the day, the state-owned People’s Daily said on its microblog.

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Benjamin Bernanke LIED To The World About QE3 & Unemployment & Reggie Middleton Calls Him On

httpv://www.youtube.com/watch?v=MvMlDtDDgps

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