The lost Tea Party

Whatever momentum the Tea Party movement had--and I view this as a separate movement from the one that arose around Ron Paul--they're now going to squander it entirely.

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Predatory Lending

Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."

The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F

I dunno. It seems a bit soon

I dunno. It seems a bit soon to pronounce it dead. I admit that I thought the tea parties would be a blip, that is, I considered them to be stillborn. But they had much more life in them than I thought, to my great delight. As for their history, I see them as a manifestation of the widespread disgust with the massive new government spending, and this disgust was already visibly exploding as a response to the $700 billion Bush bailout. The bailout and the reaction it provoked is where I place the beginning of the new movement.

TEA Party vs. Tea Party

Not following this. You’re objecting to the fact that someone is organizing a Tea Party political action committee because it signals that the movement is becoming institutionalized or something? Or that it’s attempting to work within the system rather that exclusively from outside it?

On a tangentially related note, it’s always fun to note the dissonance between the TEA (Taxed Enough Already?) Party Movement and the actual Boston Tea Party.

As you may recall, a variety of British policies caused tea imported from England to be more expensive than tea smuggled in from elsewhere or grown domestically; thus the interests of those who demanded representation in Parliament and those who hated high taxes were aligned. The event that precipitated the Boston Tea Party was the British decision to lower their taxes, resulting in British tea being cheaper than smuggled and domestic tea. People who demanded representation in Parliament, along with people who had a financial interest in the smuggling trade or were otherwise rivals of those who would be able to sell the low-cost tea, feared that they’d lose support from the people who simply hated paying too much for their tea. So, rather than relying on each individual colonist’s patriotism to guide his purchasing decision, the Tea Partiers destroyed private property in order to enforce their protectionist policies.

In short, the Boston Tea Party was driven by people who, for reasons both political and private, used force to deprive private citizens from the opportunity to benefit from reduced taxes. As a symbol for people demanding representative government, it’s fine. As a symbol for people who simply want to bitch about high taxes, government interference in the economy, or government interference with private discretion in general, it’s downright Orwellian.

Co-opt is the word of the day.

“We’re not attempting to co-opt’’ the Republican National Committee, he added.

If that statement was true, The would-be-PAC wouldn't need to defend itself at every opportunity by parroting that line. The proof is in the pudding... or I should say, the turd in the punch bowl is Sarah Palin.

If your "movement" is getting favorable coverage from the Old Media, it is because you are in line with the goals of the regime.

As a symbol for people demanding representative government, it’s fine. As a symbol for people who simply want to bitch about high taxes, government interference in the economy, or government interference with private discretion in general, it’s downright Orwellian.

So very true. Ignorance is strentgh. As you can tell by the lack of historical knowledge, these tea parties are quickly becoming republican meetups. Glenn Beck just admitted on the radio that he has been in strategy sessions where the Repubs are talking about how to get into these movements.

Why would Beck be sitting in on Republicrat strategy sessions? Because Beck is the pied piper:

The 9-12 Project is designed to bring us all back to the place we were on September 12, 2001. The day after America was attacked we were not obsessed with Red States, Blue States or political parties. We were united as Americans, standing together to protect the greatest nation ever created.

I think he means when America was blinded by searing hatred and comforted by thoughts of nuclear holocaust in insignificant sand blown countries filled with stinky little brown men. The page has a motto of "We the people demand answers", which sounds strikingly similar to something I have heard before.

Beck is the king of co-opt, and he is leading the tea-party charge into the hands of the republicans.

In liberty,
Sv. S.Elmo

S. Elmo

Now , back on your meds!

Regards

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Predatory Lending

Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."

The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F

The FBI reported on that in

The FBI reported on that in 2004.

Unfortunately the evil borrowers had been intensely vilified by the statist-right branch of the Old Media. The banking cartels had also been painted in a broad brush, without regard to how this crisis came about by the statist-left branch of the Old Media. When it comes to the actual root cause I have to agree with Ron Paul; It was the moral hazard presented by the Federal Reserve being a borrower of last resort.

I bought the book and finished it in a day, turned around and gave it to my father for Christmas. Frugal.