Fitch Rates Sequoia Mortgage Trust 2012-1, Mortgage Pass-Through Certificates … – MarketWatch (press release)

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Fitch Rates Sequoia Mortgage Trust 2012-1, Mortgage Pass-Through Certificates …MarketWatch (press release)Fitch’s ratings reflect the high quality of the underlying collateral, the strong historical performance of two originators and servicers that represent 66% of the aggregate pool (First Republic Bank and PHH Mortgage Corp.), the clear capital structure …and more »

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Secret Fed Program Gave Billions to Banks Unknown to Congress


May 26 (Bloomberg) — www.bloomberg.com Credit Suisse Group AG, Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public. The $80 billion initiative, called single-tranche open-market operations, or ST OMO, made 28-day loans from March through December 2008. Banks paid interest rates as low as 0.01 percent that December, when the Fed’s main lending facility charged 0.5 percent. Bloomberg’s Bob Ivry discusses the loan program with Deirdre Bolton onBloomberg Television’s “InsideTrack.” Copyright Bloomberg 2011 § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to

Selling War

by Stephen Lendman

 

Throughout its history, America glorified wars in the name of peace. From inception, they’re perpetuated against one or more domestic or foreign adversaries.

They include mass killing, assaults and abuse. Pacifism’s called sissy or unpatriotic. Propaganda insists America’s peace-loving. In fact, more than ever today, it’s addicted to permanent war and violence.

Nonetheless, initiating them requires public support. Famed US journalist Walter Lippmann coined the phrase “manufacture of consent.” It’s a euphemism for mind control.

In 1917, George Creel first used it successfully to turn pacifist Americans into raging German-haters. It works the same way now. In 1916, Woodrow Wilson was reelected on a pledge of: “He Kept Us Out of War.” Straightaway, he began planning US involvement.

In April 1917, he established the Committee on Public Information (CPI or Creel Committee). It operated through August 1919. Its mission was enlisting public support for war and undermining opposition sentiment.

Corporate America was so impressed, it recruited Edward Bernays, a nephew of Sigmund Freud. He became a PR/propaganda pioneer. His 1928 book titled “Propaganda” said it’s possible to “regiment the public mind every bit as much as an army regiments their bodies.”

“If we understand the mechanism and motives of the group mind, is it not possible to control and regiment the masses according to our will without their knowing about it?”

He called the technique the “engineering of consent.” He invented the press release. One of his most successful campaigns involved convincing women to smoke in public when it was considered taboo. He pursuaded business that news, not advertising, best manipulates public opinion.

He drew on Freudian psychoanalytic ideas. In an age of mass production, he believed techniques were needed to distribute ideas the same way. On behalf of United Fruit, his propaganda campaign helped overthrow Guatemala’s democratically elected Jacobo Arbenz Guzman.

His pioneering PR techniques got Supreme Court Justice Felix Frankfurter to describe him and Ivy Lee as “professional poisoners of the public mind, exploiters of foolishness, fanaticism and self-interest.”

In his 1947 book titled, “The Engineering of Consent,” he called it “the very essence of the democratic process, the freedom to persuade and suggest.” In fact, it’s used manipulatively more for ill, than good, especially in selling war.

Australian-born social psychologist Alex Carey helped pioneer the study of corporate propaganda. His seminal work is titled, “Taking the Risk Out of Democracy: Corporate Propaganda versus Freedom and Liberty.”

He said “The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.”

Using Deception to Launch Wars

Coalition to Oppose Arms Trade coordinator Richard Sanders said:

“Throughout history, war planners have used various forms of deception to trick their enemies. Because public support is so crucial (to wage war), the home population is also subject to deceitful stratagems. The creation of false excuses to justify going to war is a major first step in constructing public support….”

“The corporate media (are) central to the success of” manufacturing consent. So is repetition to blot out other narratives. Media giants and PR wizards are master mind manipulators, marshaling public support for war.

It works the same way every time. Truth is suppressed. Public fear is stoked. Patriotism and democratic values are highlighted. People are manipulated to support war to protect national security. Wilson claimed entering WW I “kept the world safe for democracy.”

During the WW II buildup, anti-war proponents were called subversives and Nazi sympathizers. Once begun, anti-German/Italian/Japanese propaganda censored media and other communications to enlist support. Other techniques included posters, advertising, comic books and cartoons, leaflets, and films extolling America and portraying the axis as bad guys.

Steven Casey’s ground-breaking book titled, “Selling the Korean War: Propaganda, Politics, and Public Opinion in the United States” analyzed Truman and Eisenhower administration efforts to shape public discourse, influence media coverage, and gain popular support for limited conflict and anti-Soviet Cold War policies.

He also showed how Truman officials redefined war as it continued with mounting casualties. His analysis used previously unavailable archives, including government documents, papers of leading congressmen, newspaper editors, and war correspondents. His book’s the definitive word on how public opinion was manipulated during America’s “forgotten war.”

Noam Chomsky calls the Vietnam War “a classic example of America’s propaganda system.” Major media scoundrels let doves and hawks debate, but “(b)oth sides agreed on one thing. We had a right to carry out aggression,” but refused to admit it took place.

America’s presence was called defense against enemy aggression. “Like the Soviets in Afghanistan, we tried to establish” a pro-US Saigon regime. Escalation led to invasion. Anti-war activists on principle were banned from public discourse. “The debate was essentially over tactics,” not legitimacy.

Over time, anti-war sentiment grew, especially after the January 1968 Tet Offensive and June 1971 Pentagon Papers release. They showed the Johnson administration lied to the public and Congress. Gallup Polls showed 70% of Americans thought Vietnam was “fundamentally wrong and immoral, not a mistake.”

Opposition produced the “Vietnam Syndrome.” Chomsky called it “a grave disease in the eyes of America’s elites because people understand too much.”

He also discussed months of propaganda preceding Congress voting on contra aid in March 1986. He reviewed 85 New York Times and Washington Post editorials and op-eds. All were anti-Sandanista. Opposition opinion was suppressed despite Nicaragua directing popular social services in contrast with repressive US allies Honduras, Guatemala and El Salvador.

Of course, all wars are based on lies. When major media scoundrels suppress truth, administrations get away with murder.

It was true in Central America, Grenada on the pretext of rescuing medical students, manufactured incidents to oust Panama’s Manuel Noreiga, entrapping Saddam Hussein to invade Kuwait that launched the Gulf War, 9/11 as pretext to attack Afghanistan and continue a decade of imperial wars against nonbelligerent states.

In April 2007, Washington Post writer Tom Shales headlined, “A Media Role in Selling the War? No Question,” saying:

“It’s always depressing to learn that you’ve been had, but incalculably more so when the deception has resulted in thousands of Americans dying in the Iraq war effort” based on lies.

As in all wars, the more people rely on television for news, the less they know, and more susceptible they become to government and media propaganda.

In their book, “Weapons of Mass Deception: The Uses of Propaganda in Bush’s War on Iraq,” Sheldon Rampton and John Stauber showed how manipulative propaganda sold the public on war.

Combining PR and media deception, Operation: Iraqi Freedom was created. Deconstructing the process, they showed how top Bush officials planned war prior to his election, but waited until September 2002 for “product launch” to inform the public.

Using ‘big lie” tactics, they associated Saddam with 9/11, forged documents to allege WMDs, and worked secretly to create the opposition Iraqi National Congress (INC). The PR Rendon Group coined the term. It got millions in funding and worked closely with CIA operatives. It became a driving force for war.

“Weapons of Mass Deception” exposed how aggressive PR and manipulative media convince people to go along with policies harming their interests.

The Pentagon’s very much involved. It spends half a billion dollars selling wars. Truth’s suppressed doing it. Lies launch them and continue throughout conflicts. Anti-Syrian and Iranian rhetoric replicates what preceded attacking Iraq and Libya.

On January 16, Russia Today (RT.com) reported how major media scoundrels incite war on Iran. Appearing regularly on US television, hardline figures push it. Alternative voices are shut out.

Warmongering’s constant. On-air voices cheerlead it. Slanted news shuts out truth. Former MSNBC producer Jeff Cohen said pressure was constant to support war in the run-up to the Iraq invasion.

A Final Comment

Things remain the same. Deceptive reports manipulate the public mind on Syria and Iran. “There is no doubt that the mainstream media are crucial in this idea of selling that the US is going to be in a perpetual war.”

They’re key in making Americans believe military intervention is vital. Robert Parry said:

“I’ve worked at Newsweek as well (as AP) and other major US news organizations. And what I saw, especially at places like Newsweek, was this idea that the media was actually part of the establishment. It was that the American people were to be guided more than informed.”

In fact, “political solutions” are alien to America’s vocabulary. War profiteers demand jingoism. A century ago people were manipulated to accept war with Cuba. William Randolph Hearst hyped the big lie about Spain sinking the battleship Maine when, in fact, a coal bunker explosion did it.

Hearst, however, told his Havana illustrator: “You furnish the pictures, and I’ll furnish the war.” To this day, lies launch them. They’re all based on lies to get people to go along with what wouldn’t be possible otherwise.


ABOUT THE AUTHOR: Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. Also visit his blog and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US

Central time and Saturdays and Sundays at noon. All programs are archived for easy listening. He is also the author of “How Wall Street Fleeces America“

The Progressive News Hour

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Rachael Rudolph 

Rudolph is Managing Editor of Encompassing Crescent. It’s an online monthly magazine designed to bring together academics, activists, journalists, policy-makers, and political figures to facilitate and promote dialogue on vital global issues.

She also heads the International Relations for Facilitate Global, an NGO promoting peace, human rights, and economic change.

Currently, she’s pursuing a research project in Saudi Arabia for a forthcoming book on Saudi-Western Relations.

Major regional issues will be discussed.


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Mortgage defaults lowest Since Oct. 2008 – U-T San Diego

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Mortgage defaults lowest Since Oct. 2008U-T San DiegoIn Tuesday’s State of the Union address, the president said he will send Congress “a plan that gives every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at historically low rates.and more »

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Peter Schif Video Blog – April 9, 2011


For the latest Peter Schiff, go to PeterSchiffBlog.com – The congress came to a compromise regarding the government shutdown. Both sides are claiming victory that they have finally solved the deficit spending. In reality, no one has solved everything. They agreed to reduce the 2011 deficit by 1% of the budget. The government is saying that this demonstrates their resolve. If this is the best that we can do is this tiny cut, then this shows that America will never do anything to get their fiscal house in order. Change will only come in the aftermath of an economic crisis. The dollar had a terrible week. Many currencies made record high. Gold and silver made record highs. It isn’t a coincidence that the dollar is losing value and that prices are going up. It is a cause and effect relationship. The consequence of the government not getting anything fixed is that the price of everything is going to go up. The experts are debating whether rising commodity prices will lead to inflation. But the rising commodity prices are the manifestation of inflation that has already entered the system. The supply of money affects the supply and demand curve of oil. If there is more money in the system, then there is more demand for oil, because there are more dollars bidding for the same amount of oil. It is like an auction in which everyone has $1000 instead of $100. This is exactly what is happening in the commodities market. The president of the Dallas Fed said that we shouldn’t monetize

Wolves On Prowl for a Few Good Marines

by Ed Mattson

 

Does anybody wonder where the top brass in the military, the mainstream media, the liberal political wonks, and John Q Public have their collective heads? I’ll give you about three guesses but the first two won’t count.

This past week we have heard from the news media about, oh my God, Marines urinating on the bodies of dead terrorists. As usual, many tried to paint everyone in uniform as guilty, reminiscent of the Vietnam era when everyone was called “baby killer” and worse. Even our fearless leaders in the Pentagon, joined-in about the lack of respect to the dead shown by my fellow Marines, even though minutes before they were asked to “kill the bastards”.  The cries rang out to “string them up”, did not curry any favor to 95% of veterans who understand that there is no way to equate killing someone to urinating on them.

This week I received an email from a fellow Marine Veteran that speaks for a lot of veterans. Anger wouldn’t begin to cover the fact that our armchair generals and politicians are the first in line to throw these warriors under the bus, forget the fact that they have had to fight the war with one-arm behind their back. As the email stated, it’s almost like trying to survive in a war against a bunch of animals that eagerly slaughter men, women, and children through the use of terror, yet our side is expected to fight by the Marquis of Queensbury rules. For the media and politicians perhaps their ignorance can be excused because 90% have never faced anything more traumatic than an angry den mother, let alone be scared so bad they defecate in their pants from fear of dodging artillery and bullets.

For those in the military who sit in judgment, have you forgotten the fear of combat and the stress that goes with it particularly when all hell breaks loose? In your time on the firing line were you asked to treat the enemy like ordinary street thugs in New York? Did your time in the trenches strap you with all the trappings of fighting by the rules of political correctness? Was your time in hell treated by the politicians as a social experiment? Were you ever offered a medal “for restraint” for not blowing terrorists to hell at every opportunity? Those comfortably seated in the air conditioned pentagon are quick to forget the pressures placed on the shoulders of America’s best and brightest with not one tour of duty, but multiple deployments.

Less than .5% of our citizens sign up to protect us from “all foes foreign and domestic”. Those who do are sent repeatedly into combat, told how they must fight even though they are the ones getting their butts shot off, and then, because they get just a wee bit stressed out and use some bad judgment, become the first to be strung up by their thumbs. At worse these Marines deserve reprimands and a notation made in their personnel file, but a call for a court martial is way out of bounds.

Islamists in the Middle East celebrate putting a little salt in the wound and then wonder why they get a golden shower after we kill them compassionately!

For the citizens of the US who seem to have forgotten about the war on terror, forgotten about the savagery of Al-Qaida and the Taliban, what are you going to do when they make a call for more troops and nobody shows up to provide the protection which keeps you save, warm, and free. Yes the Afghanistan and Iraq Wars are winding down, but is anyone so ignorant they believe we can all join hands now and sing kumbaya…everything is going to safe and peaceful now? Such stupidity abounds and is very dangerous thinking.

I think America has kind of gotten its head stuck in the wrong place where the sun doesn’t shine. I find it a bit naïve to think that the use of terror dating back to the first attempt at the World Trade Center bombing was actually done with the foresight that some Marines would urinate on dead terrorists 20 years later, yet we have all heard that such acts are what spur terrorism in the first place. The “Blame America first” group is just a few French fries short of a happy meal. 

Terrorism, particularly that which is done in the name of religion by those willing to blow themselves up, is a result of ignorance and brainwashing. In many cases those destined to participate is such causes have been deprived access to any sense of decency, honor, and in some cases education. They have become mindless dolts. Our world has become such that it is kill or be killed…just ask the family of Daniel Pearl.

There is no reasoning with such mindset, and if anyone believes you can negotiate with terrorist, welcome to the world of Neville Chamberland. Even the suggestion as was recently pose by our current administration is a sign of weakness. Negotiation under any name is to capitulate; it is surrender; and the mere mention of it poses an even greater danger to our citizens. To those in public office who took an oath to defend the Constitution and people of America…it is time for them to be thrown out of office for even thinking about negotiations. We are a civilize world and the terrorist are nothing but animals.

It may have become the goal of our politicians and military leaders to win the hearts and minds of the Muslims we have been fighting, but in real life, just to get home alive, it has to be the goal of the warrior to kill every mutha’ in the Jihad. As it has often been stated, “kill them all and let God sort it out”.

Getting back to the email I received from that Marine Veteran. His observation was crystal clear, “America is at war with militant Islam. In Afghanistan the Taliban is militant Islam. The Taliban gave refuge and support to Al Qaeda as it prepared the attacks of September 11. The Taliban works around the clock to put American servicemen in their graves” (by any means possible). In short…The Taliban BAD; the United States Marines GOOD. He gets the picture and our politicians and military brass don’t.

This whole issue as being perceived by the United Nations and the so-called Muslim World is much ado about nothing, and our weak-kneed bureaucrats, both inside the Pentagon and inside the Beltway are afraid to stand up and tell the world to “kiss-off”. If you don’t want your dead treated in this manner, then don’t pick a war with us.

I can actually think back when we won a war. World War II was won by vicious tactics in which millions of civilians were killed. Does Hiroshima ring a bell? Do the carpet bombing runs over Germany ring a bell? War is hell, not some mambie-pambie game of chess. Death is about as real as it gets.  I cannot imagine anyone in uniform saying urinating on some terrorist that was just blown away without any thought about compassion, “This is egregious, disgusting behavior,” (Pentagon spokesman Capt. John Kirby)… “It turned my stomach.” Say what? Turned his stomach? What about our soldiers who were slaughtered, dragged through the streets, torched, and hung up on a bridge for display to the whole world?

Who the heck is this Kirby character? Must be from the new breed of politically correct social experimenters occupying the Pentagon. As the email went on to say, “maybe he is in the Girl Scout Branch of service”!

Okay…so I am miffed along with a heck of a lot of other people. Where is the angst and outcry of the celebration by the Muslim World over a bunch of psychotic wacko terrorists killing innocent civilians, by the way? Check out a top-selling “rag” being sold throughout the Middle East! Does he deserve a bullet? Is he the one they would send to negotiate with the Obama Administration? Do the lives of so many dead and wounded soldiers and grieving families and friends, not deserve a degree of understanding our leaders don’t seem too interested in using when discussing the conduct of a few Marines? I’ll let you decide, but I think you know my position. Semper Fi!


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Mortgage applications fell last week – The Hill (blog)

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The Real Deal New York

Mortgage applications fell last weekThe Hill (blog)By Vicki Needham – 01/25/12 11:23 AM ET Mortgage applications dropped 5 percent from a week ago while the monthly data reflected steady gains as the housing market slowly heals. The refinance index decreased 5.2 percent while purchases fell 5.4 percent …Mortgage Application Volume Eased 5% Last Week – MBA Wall Street JournalMortgage Applications Reported to Fall Again by 5% LoanSafeMortgage Application Volumes in U.S. Fall 5% Last Week World Property Channel RealEstateRama (press release)  - CNBC.com  - Mortgageorball 26 news articles »

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VA Launches Acquisition Internship for Returning Veterans

 

WASHINGTON (Jan. 25, 2012) – A special internship to prepare newly-returned Veterans to become federal contracting specialists was launched recently at the Acquisitions Academy of the Department of Veterans Affairs in Frederick, Md.

“I’m pleased to welcome our new interns to the VA family,” said Secretary of Veterans Affairs Eric K. Shinseki, who gave the keynote address Jan. 19. “These Veterans know the importance of integrity, and have learned to work together in diverse teams to accomplish difficult objectives.  Those are skills we value in our professional acquisition corps.”

Called “Warriors to Workforce,” the internship is a three-year program.  Participants will earn the 24 educational credits in business required to become contracting professionals.  The program includes courses in leadership, technical acquisition training and on-the-job experience.

“This program is possible because of VA’s steadfast commitment to Veteran employment,” said Lisa Doyle, chancellor of the VA Acquisition Academy.  “These Veterans have served and sacrificed, and it is our turn to give back by making sure they have gainful employment when they return.  We hope this program will serve as a model for other federal agencies and private organizations.”

At graduation, participants will have taken the required coursework to achieve a Federal Acquisitions Certification in Contracting, which is recognized throughout the federal sector as evidence of solid education in the career field.  Successful graduates will be eligible for contract specialist positions at the GS-11 level.

In the past two years, the government’s contracting force has shrunk, although the volume and complexity of contracts has increased.  VA opened its Acquisitions Academy in September 2008 in response to the growing shortage of contracting professionals, both for VA and other federal agencies.

Twenty-three Veterans are enrolled in the inaugural class of the “Warriors to Workforce” internship.  Between them, they have seven Purple Hearts, two Bronze Stars and over 170 years of military experience.

More information about VA’s Acquisitions Academy is available on the Internet at www.acquisitionacademy.va.gov.


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Mortgage fees soar 70% to pile pressure on cash-strapped homeowners – Daily Mail

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Daily Mail

Mortgage fees soar 70% to pile pressure on cash-strapped homeownersDaily MailBy Becky Barrow Mortgage fees have rocketed by nearly 70 per cent over the last year, piling the pressure onto cash-strapped homeowners and first-time buyers, research revealed yesterday. The average ‘arrangement fee’ has soared to an all-time record …Mortgage fees soaring The IndependentMortgage fees soar by 70% as sneaky High Street lenders offset the hit from … This is Moneyall 8 news articles »

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C2CAM – Demonic Aliens & UFOs (Coast To Coast AM)


WATCH THE LATEST UPDATED VIDEO HERE www.youtube.com Demonic Aliens & UFOs Date: 09-22-11 Host: George Noory Guests: Timothy Green Beckley, Robert Chapman Ufologist and paranormal pioneer Timothy Green Beckley discussed his contention that UFOs/aliens are not extraterrestrial, but intelligently controlled phantoms from terrestrial/interdimensional sources, and are often associated with negative or demonic forces. These “beings” and their craft are able to change shape, as well as vanish right in front of our eyes, which suggests they are popping into or out of another dimension, he said. Beckley also pointed to the association of Hitler & the Nazi movement to UFOs, and posited that the craft in the Roswell crash may have been a German flying saucer prototype. Blood rituals and sacrifices have been connected to UFOs, such as animal and human mutilations, he said, citing an incident in a Brazilian village, where people were struck by beams of light, and drained of blood. Further, John Keel reported on a case in which a bloodmobile was chased by a UFO that attempted to draw it up into the craft. In another case in Brazil, an entire town was said to be possessed after their encounter with UFOs, Beckley detailed. He recounted the work of Spanish priest, Salvador Freixedo, who argues that UFOs/aliens are “evil forces” that consider humans breeding animals, and exploit us for our blood. He spoke about Alvin Moore who believed that a series of invisible islands or planets circle