Former Fed Chair Ben Bernanke can’t get a re-fi

Ben BernankeAnd likely you can’t either.

As a reminder, Ben Bernanke is a former two-term Chairman of the Federal Reserve.  He, like many others today, made an astounding discovery:

He couldn’t qualify for a mortgage re-fi.


Why you and Ben Bernanke can’t get a mortgage

by Andre F. Shashaty

If you are one of the millions of Americans with a good household income and reasonably good credit who cannot get a mortgage to buy a home, I have bad news:  The lawyers, lobbyists and politicians in Washington, DC have no intention of making a mortgage loan available to you or even Ben Bernanke anytime soon. The former Fed Chair recently said he got turned down in an attempt to refinance his mortgage.

Don’t blame the bankers, though.  It is your government and your elected officials who stand between you and your dream house.

Revisit that: it is your government and your elected officials who stand between you and your dream house.

It’s been exactly six years since former Fed Chair Alan Greenspan described the housing crisis and the collapse of the mortgage finance systems as a “once in a century credit tsunami.”

While the storm may have passed, the damage remains.

After being taken over by the federal government, the American mortgage finance system still hasn’t been fixed, and it may not be for several more years.    

No one argues that mortgage lenders should be left to their own devices. But respected leaders are now saying that Washington has swung from reckless disregard of what lenders were doing to extreme micromanagement of the lending process. 

Micromanagement.  Yeah.  That always works.

Note to Ben Bernanke: boo-fucking-hoo, asshole.

Get in line.



Schumer to Bernanke: MORE PORKULUS before November! And? What about Obama and Bain Capital?

[This probably should have been two separate posts.  But frankly, I couldn’t hold back the information and felt compelled to simply “get it out there” as soon as possible.  My apologies if this makes for a confusing post. –BZ]

There is an exhortation from Demorats this week — mostly Chuckie Schumer — to “stimulate” the economy BEFORE November.  Translated: Obama needs help.  Time to cheat and stack the deck.  As Schumer said to Fed Chairman Ben Bernanke: “get to work” and instigate more “quantitative easing.”  This is ObakaSpeak for more Porkulus, meaning: get those presses printing even more cash per day.

Let’s see: hitting ourselves with a ball-peen hammer on a head-wound site makes the wound heal quicker.  Right?  I.E., spending another massive clot of hundreds of billions of dollars will take us right out of the economic doldrums just like it did last time.  Right?

It didn’t work then and it won’t work now.  Where did the cash go?  NO ONE KNOWS.  And no one was made to ACCOUNT for all the TARP and “stimulus” funds.  Hundreds of BILLIONS of dollars VANISHED — and the economy’s transmission is still stuck in REVERSE.

This is naked cheating and election stacking, not to mention the incredible, the staggeringly-profligate and pointless waste of OUR taxpayer dollars.  Mine.  Yours.

And no one much cares.  Another day.  Another story.  Ho-hum.  We, ladies and gentlemen, have been essentially lobotomized into lethargy.  No one sees this.  No one writes of this.  No one covers it.  No one goes berserk over this!

This isn’t YOUR money, DC!  This is MY money you’re pissing away!  In order to elect a two-toed sloth in an open shirt who has stated he plans to piss MORE of my money away to the pointless, the lazy, the arrogant, the entitled, the unmotivated, the haughty, the illegal, the Leftists, the Socialists, those who wish to — like himself — see Cloward-Piven truly enacted nationally.

A man who has never kept a budget, run a business, met a payroll, had to sacrifice, despises our military, our national traditions, despises success and private establishments, wants Americans to be ashamed of success, gladly became the Apologist-In-Chief, eschews the very same transparency he promised, dodges actual work, hard work, dodged his job in the Senate (by voting “present” 129 times, an easy and cowardly way to avoid contentious issues), took campaign contributions from Bain Capital —

Oh wait, that’s correct.  You read it here: Mr Obama took campaign money FROM BAIN CAPITAL.  Yes.  The SAME Bain Capital he accuses Mr Romney of Masterminding (bwaa-ha-haaa), which did nothing but crush big companies, kill small children and animals, outsource jobs, set fires in forests, slit the throats of the homeless and sack good and decent Americans.

Note this:

“Bain Capital contributed to Obama and Romney in 2008. Obama received $95,270. More striking is the fact that Bain gave $495,900 to the Democrat Party versus $183,150 to the Republicans.”

Let’s perhaps, then, point this out:

“Obama for America failed to file notice of nearly 2 million dollars in contributions in 2008.”


“Final Audit Report on Obama for America. On April 19, the Commission made public the Final Audit Report of the Commission on Obama for America (OFA) covering campaign finance activity between January 16, 2007 and December 31, 2008. The Commission approved a finding that OFA failed to file required 48-hour notices totaling $1,972,266 received in 2008.”

And even further:

“Barack Obama’s campaign has been quick to rip Mitt Romney for his association with Bain Capital, which outsourced certain jobs during restructuring of companies. There’s only one problem: many of the very executives who were running Bain Capital during the 1999-2002 period now under media scrutiny donated to Obama’s presidential campaign. And Obama was more than happy to cash the checks.

The same SEC form from February 2001 that lists Mitt Romney as “sole shareholder, sole director, Chief Executive Officer and President of Bain Capital … the controlling person of Bain Capital” also lists over a dozen other managing directors of Bain Capital, Inc. — all of whom were undoubtedly more active than Romney was during this period. And President Obama took money from many of them.

Take Joshua Bekenstein. Bekenstein has been a managing director of Bain Capital since 1986. In 2008, he signed Barack Obama a $4,600 check. In 2004, he gave a $50,000 donation to the Democratic National Committee. That’s outsourcing money, plain and simple. And Obama was happy to take it.

Or how about Stephen Pagliuca? Last year, he cut a $35,800 check to Barack Obama’s Victory Fund. Then he cut another $30,800 check to the DNC. And another $30,800 check to the DCCC. Jonathan Lavine and Mark Nunnelly have both maxed out to Obama already, as well as to the DNC. Lavin was a bundler for Obama, and raised over $100,000 for him. Michael Krupka gave Obama $4,600 in 2008.”

Ladies and gentlemen, please.  You have to understand what is at stake here.  It isn’t simply an “election” this time.  It’s about the future of this nation, its success or failure.  The stakes are in fact that high.  The bar has been raised.  And you are purposely being MUSHROOMED by the DEM/MSM — see the above links.

Pass the word.  Take my links.  Check them yourself.

Your very future is quite so personally at stake.

November is less than four months away.