Daily Archives: February 19, 2009

Feb 19 2009

Obama’s foreclosure-prevention plan is sparking outrage Americans who won’t qualify for federal aid, and from those who resent having to foot the bill for those who do

While real-estate professionals applauded the refinance provisions, which the White House says could help four million to five million homeowners, lots of borrowers wouldn’t be eligible. For example, the refinance provision is limited to borrowers whose mortgages are owned or securitized by Fannie Mae or Freddie Mac, the government-backed mortgage companies.

Jim Stoll, 67, of Stafford, Va., said tax cuts would be more equitable. “I look at all the spending in this bill, and I don’t see it going to the normal taxpayer,” said Mr. Stoll, who spent 26 years in the Marine Corps and an additional 16 in civil service. “If they have to spend money, then it would be easier to put it in consumers’ pockets and let them do with it what they will,” he said. Read More

Just as I have said many times, Obama isn’t helping the people who voted him into office that thought they would get help that really needed it! The poor blacks and whites are left out of the loop to keep on suffering. You need to read the whole story to understand, so go back and read it from the source!

Feb 19 2009

UPDATE 20 FEB – The UBS agreed Wednesday to a $780 million settlement of federal charges it helped about 19,000 wealthy American clients evade U.S. taxes

Update 20 Feb

U.S. wants names of 52,000 customers of Swiss bank

Federal authorities have filed a lawsuit against Swiss-based bank UBS, seeking the identities of up to 52,000 U.S. customers.
The suit filed in Miami Thursday seeks to force the firm to turn over information on customers who hid their accounts from the U.S. government in violation of tax laws.

According to U.S. officials, an acquisition in 2000 of a U.S. company brought UBS a host of new American clients. The bank then set about evading new reporting requirements for those clients. To do so, UBS executives helped U.S. taxpayers open accounts in the names of sham entities.
Source: USA TODAY

Cracking Switzerland’s historic reputation for banking secrecy, UBS agreed Wednesday to a $780 million settlement of federal charges it helped about 19,000 wealthy American clients evade U.S. taxes and said it would disclose the identities of some of those customers.

Many of those clients are suspected of filing false federal tax returns that omitted income held in the Swiss bank. That income represents part of what a 2008 Senate hearing identified as a nearly $100 billion illegal offshore banking industry.

The deal doesn’t specify how many of the estimated 19,000 American clients would be identified to U.S. investigators. But the deal states the IRS will continue to seek enforcement of so-called John Doe subpoenas demanding information about those customers.

While UBS is authorized to continue appeals of the subpoenas, the deal requires the bank to comply once legal challenges are exhausted. Read More

I have a question, why would they disclose the identities of some of those customers and not all the crooks? I also bet we the people will never see the list of names that has been filing false federal tax returns. Wonder how many of the politicians in Washington are on that list.

LINKS:

(1) UBS: Sorry About All The Fraud

Feb 19 2009

UPDATE 15 APRIL – State of Texas claims sovereignty under the Tenth Amendment to the Constitution of the United States (Bill: HCR 50)

UPDATED 15 APRIL

Gov. Perry Backs Resolution Affirming Texas’ Sovereignty Under 10th Amendment

“I believe that our federal government has become oppressive in its size, its intrusion into the lives of our citizens, and its interference with the affairs of our state,” Gov. Perry said. “That is why I am here today to express my unwavering support for efforts all across our country to reaffirm the states’ rights affirmed by the Tenth Amendment to the U.S. Constitution. I believe that returning to the letter and spirit of the U.S. Constitution and its essential 10th Amendment will free our state from undue regulations, and ultimately strengthen our Union.” Keep reading

UPDATED 23 FEB

Eleven States Declare Sovereignty Over Obama’s Action

 

UPDATE:

Maybe Executive Orders like this is why States are claiming sovereignty, Obama trying to gain more power over the people!

http://goodtimepolitics.com/2009/02/20/executive-order-establishment-of-the-white-house-office-of-urban-affairs-more-control/

Affirming that the State of Texas claims sovereignty under the Tenth Amendment to the Constitution of the United States over all powers not otherwise enumerated and granted to the federal government by the U.S. Constitution, serving notice to the federal government to cease and desist certain mandates, and providing that certain federal legislation be prohibited or repealed. Source

Get your heads out of the sand Americans, something is in the wind! What is these States concerned about?  Texas is just one of many States that has Introduced a sovereignty bill lately!

More on this issue with also a Video!

 

LINKS:

(1) Hope lives! High school students skeptical of Obama spending binge

(2) Obama’s housing entitlement campaign & ACORN’s civil disobedience mob

State governors — looking down the gun barrel of long-term spending forced on them by the Obama “stimulus” plan — are saying they will refuse to take the money.  This is a Constitutional confrontation between the federal government and the states unlike any in our time.

In the first five weeks of his presidency, Barack Obama has acted so rashly that at least 11 states have decided that his brand of “hope” equates to an intolerable expansion of the federal government’s authority over the states. These states — Washington, New Hampshire, Arizona, Montana, Michigan, Missouri, Oklahoma, California, Georgia, South Carolina, and Texas — have passed resolutions reminding Obama that the 10th Amendment protects the rights of the states, which are the rights of the people, by limiting the power of the federal government. Read More