Late afternoon sighing-yowls, most beautiful Kittens ... the dizzying pace of events is just way too overwhelming in these transition-chaos times ... but yeah, here it is, once again! another massive report about the horrors inflicted on children by UN Peacekeepers ... and who gets arrested-prosecuted??? -- so far, no one who is actually responsible for this ONGOING heinous indescribable INDEFENSIBLE abuse of children [meanwhile the woman caught stealing children for Clinton in Haiti is working under another name for some sort of children's charity]... okay, this is OBVIOUSLY ONE REASON WHY the Kougar says get rid of the UN, and get out!!! ... at this point, the Kougar doesn't give ONE DAMN about anything good the United Nations might have done, or is doing... NOTHING, ABSOLUTELY NOTHING justifies their sinister criminal existence... NOTHING!!! ... oh, and gee whiz, speaking of tax day, that's where US tax dollars are spent... on UN PEACEKEEPERS who rape and kill children.So, Ivanka, read this report and cry me a river ... better, DO SOMETHING ABOUT IT THAT ACTUALLY STOPS THESE SEX RINGS ... YOU KNOW, FOR THE SAKE OF THE CHILDREN
REPORT EXPOSES CHILD SEX RINGS BY UN PEACEKEEPERS
2000 allegations of sexual abuse over the past 12 years
A report compiled by the Associated Press detailed nearly 2,000 allegations of sexual abuse by UN peacekeepers and other personnel over the past 12 years, yet the majority of perpetrators escaped jail time due to lax enforcement by their respective governments of origin.
According to an internal UN document obtained by AP, at least 134 peacekeepers from Sri Lanka abused nine Haitian children in a sex ring from 2004 to 2007. While 114 peacekeepers were sent back to Sri Lanka following the report’s release, none were ever imprisoned.
In another case, a teenage Haitian boy claimed he was gang-raped by Uruguayan peacekeepers in 2011, who filmed the assault on a cellphone. The five men never faced trial in Haiti, while four of the five were convicted in Uruguay of the lesser charge of “private violence.”
Dozens of Haitian women have also claimed to be victims of sexual assault, with many referring to it as “survival sex.”
“I did not even have breasts,” said one girl, known as Victim Number 1, who reported that, from ages 12 to 15, she had sex with nearly 50 peacekeepers, including a “Commandant” who gave her 75 cents.
Another boy, designated Victim Number 8, said he had sex with more than 20 Sri Lankan peacekeepers, many of whom would remove their name tags before sodomizing him in the back of UN military trucks.
Janila Jean said she lured to a UN compound three years ago, when she was 16 years-old, by a Brazilian peacekeeper with a smear of peanut butter on bread, who proceeded to rape her at gunpoint; the sexual assault left her pregnant.
In Haiti, alleged sexual abusers came from Bangladesh, Brazil, Jordan, Nigeria, Pakistan, Uruguay and Sri Lanka, according to UN data and interviews.
Peacekeepers were deployed to Haiti in 2004 under the auspices of stabilizing the country following a military coup that ousted President Jean-Bertrande Aristide.
Reports of prostitution and sexual abuse increased after UN peacekeepers were deployed to Cambodia, Central African Republic, Bosnia, Haiti, Kosovo, Mozambique, Somalia, and Sudan.
French peacekeepers were accused of raping and sodomizing young boys at a center for displaced individuals in the capital city of Central African Republic. The whistleblower, who leaked documents to the French government detailing the abuse after becoming frustrated with the UN’s inaction, was suspended by UN bureaucrats.
According to AIDS Free World, which leaked a report detailing abuse by other African troops in Central African Republic, a French military commander reportedly forced four girls to have sex with a dog.
Republican Senator Bob Corker, who has advocated for an evaluation of all UN peacekeeping missions, expressed his disgust at the claims of sexual abuse.
“If I heard that a U.N. peacekeeping mission was coming near my home in Chattanooga,” he said. “I’d be on the first plane out of here to go back and protect my family.”
“I’d like to see my attacker face to face and tell him how he has destroyed my life,” said Melida Joseph, a 21 year-old who said she was raped by one peacekeeper and narrowly escaped being gang-raped. “They’ll look at this as one big joke.”
“As far as the U.N. goes, they came here to protect us, but all they’ve brought is destruction.”
AS USUAL, THE PENTAGON LIED TO THE PRESIDENT TO GET THEIR EVIL NEOCON WAY ... AND THE RUSSIANS TOLD THE TRUTH ... 'CAUSE, YOU KNOW, WHY WOULD JOHN-INSANE MCCAIN RUSH OFF TO SYRIA AS IN VISITING HIS JIHADI BUDDIES ... IF HE DIDN'T HAVE A SINISTER FALSE FLAG IN MIND ???
U.S. Intelligence Source: Syria Chemical Weapons Attack Launched From Saudi Base
Award winning journalist Robert Parry says incident was likely a false flag
Paul Joseph Watson
Prison Planet.com
April 12, 2017
Prison Planet.com
April 12, 2017
Award-winning Iran-Contra journalist Robert Parry says the chemical weapons attack in Syria was launched from a joint Saudi-Israeli special operations base in Jordan, according to his intelligence sources.
U.S. intelligence analysts determined that a drone was responsible for the attack and “eventually came to believe that the flight was launched in Jordan from a Saudi-Israeli special operations base for supporting Syrian rebels,” according to the source.
“The suspected reason for the poison gas was to create an incident that would reverse the Trump administration’s announcement in late March that it was no longer seeking the removal of President Bashar al-Assad,” writes Parry.
As we highlighted back in 2013 after another chemical weapons attack in Ghouta that was blamed on Assad, rebels freely admitted to Associated Press correspondent Dale Gavlak that they had been given the weapons by Saudi Arabia but had “handled the weapons improperly and set off the explosions.”
Parry’s background lends the information credibility. He covered the Iran-Contra scandal for the Associated Press and Newsweek and was later given a George Polk award for his work on intelligence matters.
The contention that the incident was a “false flag” to create a justification for air strikes has also been voiced by former Congressman Ron Paul as well as numerous other prominent voices, including Vladimir Putin himself, who went on to warn that rebels could now stage a similar incident in Damascus to goad the U.S. into toppling Assad.
Whoever was responsible for the attack does not take away from the horror of the event and the fact that innocent people and children died.
Parry dismissed the four page report released by President Trump’s National Security Council that blames the Syrian government for the chemical attack as being heavy on assertions but lacking actual evidence.
The white paper states, “we cannot publicly release all available intelligence on this attack due to the need to protect sources and methods,” although as Parry points out, “In similarly tense situations in the past, U.S. Presidents have released sensitive intelligence to buttress U.S. government assertions, including John F. Kennedy’s disclosure of U-2 spy flights in the 1962 Cuban Missile Crisis and Ronald Reagan revealing electronic intercepts after the Soviet shoot-down of Korean Airlines Flight 007 in 1983.”
Parry challenged the Trump administration to make its evidence publicly available, while also questioning why both CIA Director Mike Pompeo and Director of National Intelligence Dan Coats were not show in a photo released by the White House which shows the President and a dozen of his senior advisers monitoring the April 6 missile strike from a room at his Mar-a-Lago estate in Florida.
“Given President Trump’s spotty record for getting facts straight – he and his administration should go the extra mile in presenting irrefutable evidence to support its assessments, not simply insisting that the world must “trust us,” concludes Parry.
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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.
This article was posted: Wednesday, April 12, 2017 at 2:27 pm
LIVING UNDER MUSLIM-SHARIA LAW ... OH, SO MUCH ***NOT FUN***
Louder With Crowder | This is Islam. Oppressive, murderous, sexist.
Daily Caller | Three refugees, ages 14, 10 and seven, pled guilty to sexually assaulting a five-year-old girl in Idaho.
Daily Mail | Campaigners say gay men are being tortured with electric shocks and beaten to death.
Paul Joseph Watson | Mass immigration & multiculturalism don’t work.
Westmonster | A mosque in eastern Paris was closed yesterday after authorities suspected it of spreading “a radical ideology and incentives to jihad”.
EU TO DEFIANT NATIONS: ACCEPT MUSLIM MIGRANTS OR ELSE
EU threatens independence of nations
AN EXCELLENT LOOK AT THE SYRIAN FALSE FLAG...
EX-CIA Names McCain, McMaster, Brennan as Masterminds of Syrian False Flag
This is the story of the day. The following represents the recent and public revelations of Robert David Steele. According to Mr. Steele, President Trump is a victim of treasonous disinformation, spawned by abject and deliberate treason against the people of the United States. This is causing the President to make faulty decisions which are pushing the world to the brink of World War III. Mr. Steele, provides some much needed clarity as he sheds light on this volatile topic.
Ex-CIA-Robert David Steele
I have previously interviewed ex-CIA operative, Robert David Steele. Mr. Steele is a distinguished operative who has created many very important practices and programs for the CIA.
Last night he sent myself and select others a press release with some very stunning revelations regarding the chemical weapons false flag attack in Syria in which Syrian leader, Assad, was falsely blamed.
Stunning Revlelations
In the following paragraphs, I will be listing excerpts of Mr. Steele’s release along with confirming facts in support of his statement.
From Mr. Steele:
“We do now know (I did not know this at the time the below video was recorded and I have no link for this, it comes to me from an inside source) that former CIA Director John Brennan plotted this false flag attack, which may have involved some real sarin allegedly destroyed during the Obama Administration, with Senator John McCain and National Security Advisor Herbert McMaster…”
There are a couple of important considerations here. First, I have a deep-inside source that confirms Independent Media reports which places Senator John McCain at the scene of the crime. In other words, he visited Syria only days before the false flag. Further, I have had it confirmed by the same source that McCain has been tabbed to be the public source espousing Deep State propaganda to push to America towards war based on false allegations of election tampering by the Russians.
Previously on The Common Sense Show, I have documented several times, with interviews with people like Scott Bennett, that Hillary Clinton was instrumental in starting ISIS. John McCain has reportedly taken this relationship to a whole different level when he allegedly met with ISIS represenatives when he was in Syria in which my source alleges that John McCain helped to coordinate the false flag attack in question. Further, my source claims that there is a Sandy Hook component to this flag attack in which he claims that First Responders were not even wearing gloves when they arrived on the scene and they should have been attired in hazmat suits and of course, crisis actors abound.
Robert David Steele continues:
“Brennan (Editor’s note: Ex-CIA director) got the Saudis to pay half and McCain got Israel to pay half. They blind-sided – this is clearly treason – not only the Director of the CIA, but the President, the Secretary of State, and the Secretary of Defense. In my personal view, both John McCain and Israel Prime Minister Benjamin Netanyahu should be impeached by their respective legislative bodies. Whether true or not I cannot certify – it is consistent with my evaluation of each of these people, and a good starting point for an international investigation. I have long felt that John Brennan should be standing before the International Court of Justice as a war criminal, not least because of the CIA’s drone assassination program that I recently denounced in a book review article for Intelligence and National Security.”
It should also be noted that I have established that the Muslim Brotherhood have managed to get Obama to appoint several of their own into positions of prominence in DHS and the CIA. The penetration by the world’s most prominent terrorist organization into the intelligence apparatus of our country would make even Senator Joseph McCarthy blush with envy over these relevations.
I utilized a qualititative analysis technique in which I compared the Steele statements with that of my source and I arrived at a .78 correlation which is highly significant. In other words, either both men are lying in concert or they are independently telling the truth. The latter is true.
This morning as we began the process of firming up our next interview, Mr. Steele sent me notification that the following will going public and viral tomorrow (Wednesday-April 12, 2017).
“McCain-Brennan-McMas
The honest people of this country must wait with baited breath and then make this go viral!
Advance Copy of the S00n-to-be Released Document and Video
The following soon-to-be released document on this critical topic is offered without comment:
“Engineering (OSEE) paradigm that gives all refugees cause to return home after the USA stops funding dictators and Zionists. The Middle East and North Africa are theperfect testing grounds for a new paradigm led by Russia-India-China with thesurprising possible collaboration of the USA but India remains, in my view, the center of gravity for creating the OSEE solutions at scale.America is at the beginning of a civil war, not between black and white or north and south, but between Main Street and Wall Street, the 99% and the 1%, Trump State and Deep State. At this time, continued restraint by Russia and Iran among others, would be most helpful. Saudi Arabia and Israel – and the 500 or so traitors now serving across the US Government, are the near enemy, the Rothchilds, the Vatican, the City of London and Wall Street, are the main enemy. Theatrics for EffectA football coach recently stated that viewed in football terms, it was clear that the President of the USA is “playing both sides to work the middle.” Another positiveinterpretation by Dr. Steve Pieczenik suggests that the strike, by prior arrangement with Russia and Syria, was intended to signal the Chinese and North Koreans. While that may be possible, a third positive interpretation could be that the President is signaling the Saudis and Israel as well. An even more devious understanding would haveAmerican observers sitting with the Russians at their anti-missile stations to observe the passive excellence of those systems against the antiquated cruise missiles, for ourpresident’s personal edification. I and others have stated that the US military is hollow –it cannot fight and win big wars, or small wars, and its flag officers are inherent dishonest, lying to themselves and the President with impunity It is possible Donald Trump is finally realizing that he needs a Wednesday night massacre, and this was a drill.Cleaning HouseEarlier, when I was under the mis-impression that CIA Director Mike Pompeo (who was first in his class at West Point, a most extraordinary accomplishment) has gone along with the false flag attack and supported the missile attack, I called this a “Bay of Pigs moment” and prayed that it would lead to the President cleaning house.Many reports suggest that Judas Preibus, as I and many others have long recommended, will be fired this coming week. Not yet clear is whether the President –perhaps with the support of Rex Tillerson and Jim Mattis – will arrive at my conclusion that the National Security Council (NSC) must be abolished and everyone associated with it from McMaster to the village idiot known as Sebastian Gorka and of course all the Goldman Sacks moles, also dismissed. There are signs of a purge to occur later thisweek. In place of the NSC the president needs a small Office of National Strategy. Russian Restraint, the Future of Peace, the Future of TrumpI continue to admire the restraint being shown by President Vladimir Putin, whom I name in the tape below as the best ally of the legitimately-elected president of the USA(I name the Rothchilds as the worst enemy of the President and the American Republic). We are fortunately to have Rex Tillerson as the Secretary of State, and I willsay here and now that I predict that Jon Huntsman, in the running to become Ambassador to Russia, is very likely to be the next Secretary of State after Rex Tillerson. If Huntsman does not become Ambassador to Russia, I expect him to play a central role as the President’s personal emissary to the BRICS and their new economic-engineering paradigm, becoming the one person in the US Government who connectspersonally to President Putin, General Secretary Xi Jinping, Prime Minister NarendraModi, and Iranian President Hassan Rouhani among others….a Deputy President for Peace.My second Memorandum for the President has been delivered to Donald Trump by hand of a trust emissary that cannot be stopped by Judas Priebus or the confusedSteve Brennan, who continues to resist the diversification and professionalization of the White House staff. I and the many who embrace my ideas for peace and prosperityhave given Donald Trump until the end of this month to stop accommodating the Deep State and get on with what he does best: mobilizing the public against the Deep Stateand in favor of transformation, starting with an Electoral Reform Act that buries the two-party tyranny, and the closure of the National Security Agency (NSA), a “Truman firing MacArthur” moment. If our beloved and esteemed president refuses to lead change at the scale of which he is possible, then a new coalition is emergent led by CynthiaMcKinney and myself, with considerable incentives being extended to Ron Paul, Dennis Kucinich, Jesse Ventura, Ralph Nader, Ellen Brown, Jill Stein, Cornell West, VirgilGoode, Bill DeBlasio, Rocky Anderson, and several lesser known Independents, so asto launch the coalition, We the People, in time to create a swing vote in Congress in2018 and to elect a coalition cabinet in 2020. Absent a reconciliation with his base that sees the recent missile attack as “Israel First,” and a broadening of his base to include all those and their followers as named above, Icontinue to anticipate the impeachment of Donald Trump in 2019 after the Democrats take back the House of Representatives with electronic vote tampering such as Hillary Clinton used to steal thirteen primaries from Bernie Sanders.EMBED CODE FOR VIDEO [DELETE this bold part after inserting embed code]With apologies to the scholars, I have decided not to include Notes. Almost everything I have ever published or said publicly can be viewed via http://robertdavidsteele, and the many posts on the Deep State, False Flag, Syria, and other topics that I curate from hundreds of other sources and be viewed at http://phibetaiota.net.I salute the Russian International Affairs Council (RIAC) and its Director General Andrey Kortunov, whose work on creating a new paradigm for Russia-India relations is exemplary.”
Conclusion
The Deep State swamp is consuming the Trump administration. The best way we can fight back, for now, is to fully expose these events.
The following video summarizes many of the key events of this report. If you are using social media to shaer this information, I would recommend using this video because it makes the screening and censoring appartus of the social media giants (eg Facebook) work a lot harder to ban the video as opposed to easier detection for an article.
April 10, 2017
WikiLeaks Confirms Murdered DNC Staffer Was Behind DNC, Podesta Leaked Emails That Roiled The Clinton Campaign
By Susan Duclos - All News PipeLine
WikiLeaks has recently highlighted the murder of DNC staffer back during the election cycle, again pushing the "theory," that the staffer was responsible for the DNC, Podesta email leaks, which contradicts the "official" MSM narrative that Russian's were behind the leaks.
BACKGROUND - SETH RICH & WIKILEAKS
Amidst the leaked Podesta and DNC emails which roiled Team Clinton's campaign during the election cycle, a DNC Data Director was murdered in July 2016. His name was Seth Rich, he was 27 years old, and he was beaten and shot in the back as he was walking home, but nothing was taken from him, negating the motive as being a robbery attempt.
On August 9, 2016, WikiLeaks publicly offered a reward for information on Rich's murder, tweeting "WikiLeaks Offers $20K Reward for Information in Murder of DNC Staffer Seth Rich," along with a link to a NBC.Washington article about the reward offer.
Also on August 9, 2016, WikiLeaks founder Julian Assange, during an interview with Nieuwsuur, a Dutch television program, spoke of whistleblowers and the risks they take, then immediatedly referenced Seth Rich's murder.
Assange: “Whistleblowers go to significant efforts to get us material and often very significant risks. There’s a 27 year old who works for the DNC who was shot in the back, murdered, just a few weeks ago for unknown reasons, as he was walking down the street in Washington.
Interviewer: That was just a robbery I believe wasn’t it?
Assange: No. There’s no finding.
Interviewer: What are you suggesting?
Assange: I’m suggesting that our sources take risks. And they become concerned to see things occurring like that.
Interviewer: And was he one of your sources then?
Assange: We don’t comment on who our sources are.
Interviewer: But why make the suggestion about a young guy being shot in the streets of Washington?
Assange: Because we have to understand how high the stakes are in the United States and that our sources face serious risks. That’s why they come to us so we can protect their anonymity.
Interviewer: But it’s quite something to suggest a murder. That’s basically what you’re doing.
Assange: Well others have suggested that. We are investigating to understand what happened in that situation with Seth Rich. I think it is a concerning situation. There is not a conclusion yet. We wouldn’t be willing to state a conclusion but we are concerned about it. More importantly, a variety of Wikileaks sources are concerned when that kind of thing happens.
Watch that segment below:
Assange's statement made in August, along with the offer of a reward, which even the interviewer expressed his certainty that Assange was indeed implying that Rich was the source behind the leaks, seemed to be a clear indication that Rich was the leaker, yet the MSM continued to treat any suspicion that his murder was in any way connected to being the leaker, as a "conspiracy theory."
One last piece of background before we get into the recent WikiLeaks/Seth Rich connection.
In those Podesta emails, there was a conversation about a leak that hit the press, unrelated to the WikiLeaks publications, but the tone of Hillary Clinton's campaign chairman, John Podesta, is quite chilling nonetheless.
The email chain started with Robby Mook talking about "an example being made," which Podesta replied "Agree. Happy to talk to the David's. Call me crazy, but I think if we can survive the next month, it will be possible, maybe even straightforward to get our arms around this once there is an actual campaign. I'm definitely for making an example of a suspected leaker whether or not we have any real basis for it.
Joel Benenson, Hillary's campaign strategist, also spoke about making "examples now of people who have violated the trust of HRC and the rest of the team." To which Podesta stated "I generally agree with the point, but we need a strategy on this that goes beyond internal discipline."Once again, let me highlight that the discussion was about a different leak to the MSM, not about the WikiLeaks, but it does give a view of the type of mindset of the Clinton campaign staffers before the Clinton campaign formally launched, and over a leak to the MSM that was not even particularly damaging.
NOTE- Rich's death was followed by Clinton researcher and author Victor Thorn on 8/1/16, ruled as a suicide from a self-inflicted gun-shot wound, and Shawn Lucas died on 8/2/16 after a video went viral of him serving the former DNC chairwoman, Debbie Wasserman-Schultz with a lawsuit in early July 2016 charging that the DNC had committed "fraud" in favoring Hillary Clinton over Bernie Sanders during the Democratic primary process. (Video here) His death was labeled accidental after taking a deadly combination of drugs.
PRESENT DAY - WIKILEAKS, 'SETH', GUCCIFER 2.0 & THE MODEL AND ACTRESS
On April 8, 2017, WikiLeaks highlighted a webpage which supposedly contains and series of DM's (Direct Messages) from former playboy model and actress, Robbin Young, and Guccifer 2.0. Young states on her website that she had been following Guccifer 2.0 (who has claimed to have provided the leaked emails to WikiLeaks) on Twitter and considers him to be a "hero and a friend," according to Zero Hedge.
The majority of the private conversation between Young and the Guccifer 2.0 was heavy flirting, but the reason WikiLeaks appears to have highlighted the page, is shown in a series of private messages dated August 25, 2016, where Guccifer 2.0 claimed to have a whistleblower at the DNC stating "his name is seth, he was my whistleblower." He further stated "i'm eager to find fact about seth, i'm sure it wasn't just a robbery." He followed that up with "i'd be grateful to u if there's any chance u can help me find the person who can find the evidence that seth was assassinated."
BOTTOM LINE
A couple of points to highlight here is that one, WikiLeaks did not specifically mention Seth Rich when they provided a link to Young's uploaded DM private chats with Guccifer 2.0, but nothing else in those private chats indicate anything that WikiLeaks has previously spoken about at length except the reference to Rich and his death. Another point is that tweet came amidst an overwhelming amount of tweets on the CIA and NSA spying, making it appear like it came out of nowhere and not related to the main focus of their previous or subsequent tweets.
Guccifer 2.0 had previously claimed on multiple occassions that he was the one that actively hacked the DNC, which apparently wasdiscredited by others and highlighted by WikiLeaks on April 8, 2017, and the private messages do seem to offer an admittance on his part that he did not hack the emails, but they were leaked to him, by "Seth."
It appears that once again WikiLeaks is trying to reveal that Seth Rich was the originating source behind the leaked DNC, Podesta emails, while still maintaining their public policy that Assange reiterated in the interview shown at the beginning of the article where he said "We don’t comment on who our sources are."
To date there is a combined $150,000 in rewards being offered for information relating to the death of Seth Rich, $20,000 from WikiLeaks, $25,000 from the Metropolitan Police Department (MPDC), and $105,000 reward offered by Republican lobbyist Jack Burkman.
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SHOCK: GOP SENATOR BEHIND OBAMACARE LOOTING SCHEME
Scheme destroying 30-year mortgages
WASHINGTON, D.C. – Tennessee Republican Sen. Bob Corker, derisively tagged the “Senator from Wells Fargo” by those fighting to recapitalize Fannie Mae and Freddie Mac, is actively pushing President Trump to continue the Obama administration policy of sweeping Fannie and Freddie earnings to the Treasury Dept.
In a letter dated March 29, 2017, Corker rounded up four other U.S. Senators, including Virginia Democrat Sen. Mark Warner to write a letter to Melvin Watt, the director of the Federal Housing Finance Agency.
The letter asked President Trump to continue taking what is known as the “Net Worth Sweep” that sweeps all Freddie and Fannie earnings into the U.S. Treasury, without paying stockholders any dividends.
The Net Wort Sweep of all Freddie and Fannie earnings to the Treasury has been taking place since President Obama had the Treasury amend the Preferred Stock agreement that has stripped the two GSEs of more than $260 billion since August 2012.
In contrast, all the banks bailed out by the Obama administration were allowed to repay their debts, giving the government a $7.5 billion dollar gain or a 1.7 percent return on investment.
Senators Crocker and Warner in asking President Trump to make the Net Worth Sweep payment due March 31, 2017, were continuing the Obama administration Net Worth Sweep policy that since August 2012 had prohibited Fannie Mae and Freddie Mac from paying off the $187.5 billion the Treasury had invested in the two companies in 2008 as a bailout.
To date, Fannie and Freddie have returned $68 billion more than they borrowed in the 2008 bailout, providing the federal government the best return on investment Washington has made since the Louisiana Purchase – a ROI (Return on Investment) of 36 percent.
In what has amounted to the largest theft of dividends in corporate history, a careful analysis of the Treasury Department balance sheet makes clear the Obama administration saved Obamacare from failure in 2012-2013 by diverting Fannie and Freddie’s profits to pay the Obamacare low-income insurance subsidies that Congress has refused to fund.
In their appeal to Watt, Corker and Warner argued that if the Trump administration stopped the NWS, Fannie and Freddie would be allowed to recapitalize, something Congress envisioned in the 2008 decision to place Freddie and Fannie in a conservatorship.
But Corker and Warner do not want Freddie and Fannie to recapitalize because this would be directly counter the “housing finance reform” legislation Corker and Warner have co-sponsored since 2013.
That legislation aims to complete the Obama administration plan to shut down Fannie and Freddie, handing over all U.S. mortgage finance to Wall Street and to big banks, like Wells Fargo.
Corker and Warner, with their proposed legislation, have schemed to advance what leaked Geithner-era Treasury documents published by Infowars.com prove was an Obama administration plan to end “home ownership” as part of the American Dream.
These leaked documents show Obama’s Treasury Secretary Timothy Geithner lead a series of among Obama administration officials and outside real estate “experts” that were closed to the press, aiming to “wind down” Fannie and Freddie, knowing full well that closing Fannie and Freddie would turn the U.S. middle class into a nation of “well-housed” renters, on the model of the European Union.
In calling Corker the “Senator from Wells Fargo,” defenders of Fannie and Freddie are noting that Corker’s plan is the Obama plan to close the two Government Sponsored Entities (GSEs), in preference to creating a “bank-centric” system in Washington.
To put it simply, Corker endorses the Obama administration’s plan, developed largely by then Treasury Secretary Timothy Geithner, to turn over the U.S. mortgage finance markets to Wall Street and to large commercial banks, including Wells Fargo.
Wells Fargo is a major player in the U.S. secondary mortgage market that not coincidentally has lent billions of dollars over several decades to promote Corker’s political career, while lending him money on investments that have made Corker one of the wealthiest members of the U.S. Senate.
Corker’s ties to Wells Fargo trace back to before 2006, when a business associate and political backer, Henry Luken, acquired millions of dollars in risky real estate holdings that were headed underwater from the then-Chattanooga mayor, allowing Corker to pump millions into his campaign to become U.S. Senator.
The Chattanooga Times Free Press reported on Jan. 5, 2006, that Luken acquired from Corker several buildings in downtown Chattanooga, as well as a shopping center and several additional commercial buildings outside the central business district.
The transaction that allowed Corker to dump approximately $75 million in risky real estate loans that had saddled Corker with subprime real estate loans issued by GE Capital in 1999 that Corker had used to buy four of the properties sold to Luken.
As reported by the Chattanooga Times Free Press on March 27, 2010, when the GE Capital loans came due in 2009, GE Capital refused to renew the loans, agreeing only to award Luken two six-month extensions that allowed Luken to remain solvent into 2010.
Corker had retained a contingent liability on the properties financed by the risky sub-prime GE Capital loans.
What this means is that Corker faced bankruptcy if Luken could not find a solution to Luken’s inability to meet the interest payments on the money Luken borrowed to buy Corker’s property.
Wells Fargo solved the problem for Luken and Corker in March 2010 when Wells Fargo agreed to refinance Luken on more than $28 million dollars of borrowings Luken made to buy the Corker properties.
With this $28 million-dollar refinancing, Wells Fargo bailed out Luken and Corker when Luken’s real estate company was technically in default, three months before the GE Capital extensions were scheduled to expire.
The Wells Fargo loan helped Corker avoid the contingent liability that might have thrown him into bankruptcy.
This left Corker free to use for political purposes the proceeds he realized in the property sale to Luken.
As his 2006 campaign for the Senate was drawing to a close, Corker made a loan of $4.2 million to his Senate campaign.
That loan accounted for nearly all Corker’s spending in the final weeks of his campaign, enabling Corker to outspend his Democratic challenger Harold E. Ford, Jr. by $18.6 million to Ford’s $15.6 million, enabling Corker to defeat Ford narrowly, 51 percent to 48 percent.
According to a report written by staff writer Michael Davis, published in the Chattanooga Times Free Press on Feb. 3, 2007, only $500,000 of Corker’s $4.2 million could be repaid under federal elections laws.
This left Corker nearly $3.7 million-dollars of his loan having to be considered a gift Corker made to his campaign.
Without the last-minute loan to his campaign, it is unclear whether Corker would have defeated Ford, a former congressman who served for 10 years representing the Memphis-based 9th Congressional District, who had then only recently been appointed to become chairman of the centrist Democratic Party Leadership Council.
Wells Fargo stands to gain the most should Fannie and Freddie be closed according to Corker’s proposed legislation, given that Wells Fargo currently dominates other banks in the U.S. mortgage market.
In the first half of 2016, Wells Fargo generated $105 billion in mortgage originations, more than twice that of runner-up JPMorgan Chase, and almost four times that of Bank of America.
Moreover, where most of the TBTF (“too big to fail”) banks are shrinking their mortgage market footprint, Wells Fargo is still focused on making warehouse loans to mom-and-pop lenders, with a plan to purchase from them the mortgages these lenders originate.
Wells Fargo has a long history of committing improprieties in mortgage financing, most recently forced in February 2016 to pay $1.2 billion to settle a federal 2012 lawsuit in which prosecutors claimed Wells Fargo “engaged in a regular practice of reckless origination and underwriting” of Federal Housing Administration loans backed by federal insurance that was intended to help first-time home buyers.
Michael Bright, a former senior Corker aide who is reported to have drafted the Corker-Warner legislation to shut down Fannie and Freddie,worked as a senior derivatives trader at Wachovia from 2006 to 2008, when Wells Fargo acquired Wachovia in a $15.1 billion deal.
Subsequently Michael Bright joined his father, a senior executive at Countrywide Financial, as a market-maker.
Countrywide should be a familiar name to all, as Countrywide was one of the main culprits in selling sub-prime mortgage loans to the secondary mortgage security market that led to the 2008 financial crash, while also defrauding Fannie Mae by selling loans to the GSE that were not of the quality Countrywide had fraudulently represented the mortgages as being.
Infowars.com has previously reported that in an email dated Nov. 16, 2013, obtained under a FOIA request, Bright, then an aide to Sen. Corker, advised officials at the Federal Housing Finance Administration to ignore the advice of Randall D. Guynn, an attorney widely recognized as one of the nation’s leading bank regulatory authorities.
Specifically, Guynn had advised Bright and Corker that continuing the Net Worth Sweep “will undermine the confidence of investors in the rule of law (not only those in Fannie and Freddie, but also in the U.S. financial system more generally) and potentially have an adverse effect on financial stability in the United States, and are therefore bad public policy.”
Infowars.com has repeatedly warned that should Fannie and Freddie be closed under the Corker-Warner legislation, the damage to the U.S. homeowner market will be that the mortgage giant GSEs have traditionally been responsible for underwriting the 30-year, fixed-rate mortgage that has been essential for millions of Americans to afford buying their first home.
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