on uncle by his own

The bill has little consequence long term. It's Fairholmes lawsuit that is the game changer.

form the web

They could fool around for a decade making laws to rename, restructure, line their own pockets (and end up with govt subsidizing housing anyway) and the public will be none the wiser. (sure the stock will have wild swings during the circus). The only hope for justice in my opinion is a court of law. My biggest fear is that the US govt pays off Fairholmes. After all they are in it for money and power also. We would never know. And if Fairholmes drops the case or sells out and loses no other lawsuit has a chance. The corruption in this country is unbelievable. I've always been patriotic but this is making me more skeptical of our leadership.

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richeydouglas • 56 minutes ago 

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I served this country hercmeg during two wars and always believed the rule of law would prevail and no American citizen should be stripped of any of its rights. Yeah I bashed the heck out this before thinking that investors some how were at fault or connected to this collapse when it was the banks on loose regulation that caused all this fraud and corruption to take place in the housing markets. They took advantage of taxpayers and investors and now have political ties strong enough to protect them. These political people that support this moral hazard (crapo bill) have no ethics and are the real enemy to its own citizens. Less

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I believe discovery has already produced mountains of proof of criminal activity. Now they are trying to figure out whats "best for the country". Settlement or reform would be a breach of justice. Fairholmes and Sweeney need to take the government to task for us to see real justice. That would certainly include criminal activity on all parties. Govt, Banks and FnF. They're all as dirty as can be. BUT the FnF model saved our economic system in spite of greed for power and money. The LAST thing we want to see is taking apart the only thing that saved us. It's just plain crazy. Less

Sentiment: Buy

NO ONE TO TALK TO MEDIA GAGED

iraq War Veteran With Mental Problems Kills 3 at Ft. Hood; 16 Wounded

April 3, 2014 - 1:34 AM

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Associated Press

 6 5

  

Lucy Hamlin leans on her husband's foot, Specialist Timothy Hamlin, as they wait to be allowed back onto Fort Hood, Texas, where they reside on Wednesday, April 2, 2014. A shooting occurred on the base with at least four dead and 14 injured according to the officials. (AP Photo/Austin American-Statesman, Deborah Cannon)

FORT HOOD, Texas (AP) — An Iraq War veteran being treated for mental illness opened fire Wednesday on fellow service members at the Fort Hood military base, killing three people and wounding 16 before committing suicide at the same post where more than a dozen people were slain in a 2009 attack, authorities said.

- See more at: http://cnsnews.com/news/article/iraq-war-veteran-mental-problems-kills-3-ft-hood-16-wounded#sthash.sDL8N53J.dpuf

lies and lies all are accepted by UN

Now, LTTE claims 146,000 Tamils missing besides over 70,000 killed

April 3, 2014, 10:16 pm 

by Shamindra Ferdinando

Close on the heels of the United Nations Human Rights Council (UNHRC) adopting a resolution to set up a war crimes probe against Sri Lanka, a consortium of LTTE groups has alleged that 146,679 Tamils have gone missing besides over 70,000 Tamils were killed during January-May 2009 final phase of the war.

The accusers include British Tamil Forum (BTF), Federation of Tamil Sangams in North America, Illankai Tamil Sangam, People for Equality and relief in Sri Lanka, Solidarity group for Peace and Justice in Sri Lanka, Transnational Government of Tamil Eelam (TGTE), United States Tamil Political Action Council and World Thamil Organization.

The Defence Ministry alleged that LTTE front organisations were making ridiculous allegations to justify UNHRC probe targeting Sri Lanka. A senior ministry official said that an attempt was being made to overwhelm Sri Lanka with unsubstantiated allegations. The Defence Ministry regretted that a section of the international community had facilitated a propaganda offensive undertaken by the LTTE rump to isolate the government of Sri Lanka.

‘We expect them to step up propaganda campaign before the investigation gets underway," an External Affairs Ministry official said, adding that the LTTE rump was engaged in an expensive propaganda overdrive.

The ministry said that even those working closely with the LTTE rump would have been surprised by the LTTE claim of over 140,000 missing in addition to the allegation that 70,000 were killed during the last stages of the Vanni battle.

our big bro is with us uncle hats this

War crimes allegations:

India calls on UNHRC to help 
SL conduct domestic probe

April 3, 2014, 12:00 pm 

by Zacki Jabbar

India said yesterday that the United Nations Human Rights Council (UNHRC) should, instead of pursuing an international probe into allegations of war crimes against the Sri Lankan government and the LTTE, encourage Colombo to conduct a comprehensive, independent and credible national investigation.

In an exclusive interview with The Island the Indian High Commissioner in Colombo, Y. K. Sinha said that his country which skipped last week’s US backed UNHRC resolution calling for an international inquiry into allegations of serious human rights violations in Sri Lanka, during the period covered by the Lessons Learnt and Reconciliation Commission (LLRC), believed that it was imperative for every country to have the means of addressing human rights violations through a robust national mechanism.

Pointing out that the primary responsibility of protecting human rights lay with national  institutions, he said that Sri Lanka should be provided with all assistance it required in a cooperative and collaborative manner.

The High Commissioner observed that the LLRC report, its findings and recommendations, provided a window of opportunity to forge a consensual way forward towards a lasting political settlement through genuine national reconciliation and the full enjoyment of human rights by all its citizens. In this regard New Delhi was committed to working with the Sri Lankan government, he said.

While calling for an early resumption of a dialogue between the government of Sri Lanka and the TNA, he emphasised that progress on meaningful devolution and a political settlement would help sort out accountability issues to the satisfaction of all sides in Sri Lanka.

Excerpts of the interview.

Q – India took everyone by surprise and abstained when the US-sponsored resolution against Sri Lanka was taken up for vote at the UNHRC last week. What brought about its decision?

YKS: The resolution was intrusive and undermines the national sovereignty of Sri Lanka. It ignores the progress already made by Sri Lanka in implementing previous resolutions. Moreover, the resolution is inconsistent and impractical in asking both the Government of Sri Lanka and the OHCHR to conduct investigations simultaneously.

Q- Is it India’s position that what happened was in the past and the allegations pertaining to the conduct of the war should be overlooked in the interest of reconciliation and rehabilitation?

YKS: We, believe that it is imperative for every country to have the means of addressing human rights violations through robust national mechanisms. The UNHRC’s efforts should therefore be directed towards encouraging and enabling Sri Lanka to investigate all allegations of human rights violations through comprehensive, independent and credible national investigative mechanisms. Sri Lanka should be provided all assistance it requires in a cooperative and collaborative manner. I must also add here that the primary responsibility for protecting human rights lies with national institutions.

Early progress on meaningful devolution and a political settlement within the framework of a unified Sri Lanka will prepare the ground for a more sustainable redressal of accountability issues to the mutual satisfaction of all sides in Sri Lanka. Early resumption of a dialogue between the government and the TNA is therefore a key imperative.

Q: With national elections to be held shortly, how would the Manmohan Singh government deal with the disappointment expressed by political parties in Tamil Nadu over New Delhi’s decision to abstain on the UNHRC vote against SL?

YKS: We believe that our decision to abstain on the UNHRC vote, would strengthen our hand in achieving our objectives in Sri Lanka. Our vote was meant to assist Sri Lanka in finding a lasting political settlement, acceptable to all communities in Sri Lanka including the Tamils. We will continue to remain engaged with the Government of Sri Lanka in realising the above objectives. I would not like to comment on Indian domestic politics.

As a close neighbour with thousands of years of cordial relations, with deep rooted ethnic, spiritual and civilisational ties, we cannot remain untouched by developments in Sri Lanka. Since the end of the armed conflict, India has remained engaged in a substantial way in the relief, resettlement, rehabilitation and reconstruction process in Sri Lanka. Our assistance has greatly contributed to the Government of Sri Lanka’s efforts in resettlement of Internally Displaced Persons, de-mining, education, connectivity, livelihood restoration, economic revival, etc. We will continue to extend all possible assistance in this regard.

At the same time, India has repeatedly called for moving towards an early political settlement and national reconciliation through meaningful devolution of powers so as to ensure that all citizens of Sri Lanka including the Sri Lankan Tamil community, can lead a life marked by equality, justice, dignity and self-respect as citizens of united Sri Lanka. In this context, India continues to underscore that the report of the LLRC and its findings and recommendations, provide a window of opportunity to forge a consensual way forward towards a lasting political settlement through genuine national reconciliation and the full enjoyment of human rights by all its citizens. The Government of India is committed to working with the Government of Sri Lanka in this process.

lawlessness in America

Forbes: Obama Administration's Lawlessness Finally Hits Home With Investors

Virtually from its beginning the Obama administration has been marked by a disregard for the law. Yet the administration’s supporters have been mostly unmoved by this aspect of the government’s action. This seeming indifference to the continual flouting of laws, constitutional principles, and precedent has also extended to Wall Street. Yet now, thanks to a revelation about the fraud being perpetrated by the Obama administration upon investors in Fannie Mae and Freddie Mac , investors have finally seen the cost of this lawlessness.
A list of all the actions taken by the Obama administration that break or stretch the law is long. There are so many they can be grouped into categories: Obamacare actions, recess appointments, non-enforcement of existing laws, and participation in actions that break laws.
Most famously President Obama has now made over twenty executive changes to Obamacare that are not allowed under a plain reading the law. In the majority of these changes the administration simply announced that it will not enforce a law duly passed by Congress and signed by the President. Legalization of the “Dreamers” and letting states legalize marijuana are two more major examples of selective non-enforcement of various laws. Such acts likely break the law and certainly stretch it greatly. Under our system of government, the legislative branch (Congress) is supposed to make laws and the executive branch is supposed to enforce them, not ignore them.
Added to this list are recess appointments (such as to the National Labor Relations Board) made when the Senate was not in recess, and actions by the EPA, the National Labor Relations Board, and other federal agencies that go beyond the authority they have been given by Congress.
Much closer to home for investors, the Obama administration signaled its attitude toward the laws that govern investments almost immediately upon assuming office. Investors should have paid attention when President Obama arranged for the bankruptcies of GM and Chrysler to occur in such a manner that the UAW healthcare trust funds received preferred treatment to legally superior creditors such as bondholders. This subversion of centuries of bankruptcy law precedent on the order in which creditors are paid should have warned investors that this was not an administration to be trusted. Yet, other than a few affected bondholders, most investors looked past this theft of bondholder money.
Instead, Wall Street’s top dogs have mostly given the administration a pass on its many legal violations, placated by their bailout and the fiscal and monetary policies that were boosting the stock market and making the rich even richer. While their campaign donations in the 2012 election did favor Mitt Romney over President Obama by about a 3:1 margin, the finance/insurance/real estate sector still donated over $20 million to President Obama’s reelection campaign.
Now, we have discovered that investors have been fraudulently mistreated by the Obama administration. This case deals with the two government sponsored enterprises lubricating our mortgage markets: Fannie Mae and Freddie Mac. During the depths of the recession the Obama administration did not nationalize Fannie Mae and Freddie Mac, instead placing them under conservatorship and taking an ownership stake in the companies. Since that time, the government has sold large blocks of stock in Fannie and Freddie three times through the FDIC. While doing so, the government neglected to inform investors that it planned to keep all of Fannie and Freddie’s profits forever, even after it has been paid back in full with interest.
When normal companies sell stock they must provide investors and the Securities and Exchange Commission with considerable details about their plan as well as enough financial and risk disclosure for investors to make informed decisions. The details disclosed must be truthful and complete or the company risks civil and criminal prosecution.
The federal government sold stock in a company with no future earning potential and handily kept that fact to itself. While prospective investors may not have expected much in the way of future earnings in 2010 or 2011, they knew there was at least a chance that Fannie and Freddie would be able to pay back the government one day and those investors could begin to collect a share of earnings from that point forward. This probability, slight though it may have been, caused investors to bid the price of Fannie Mae shares up from $0.34 to $3 per share.
In 2012 the federal government revealed an amendment to its 2008 document explaining its relationship with Fannie and Freddie. This 2012 plan, known as the Third Amendment, makes clear that the government plans to keep all of Fannie and Freddie’s earnings forever, long after the two GSEs have fully paid back the government from the housing bust’s fallout. Yet a memo, dated in 2010, details that the government plans were in place well before they were disclosed to the public.
This fraud allowed the government to find buyers for some of the shares in Freddie and Fannie that it acquired as part of its bailout, helping it to recoup the taxpayer’s money. However, this recovery of taxpayer money was accomplished at the expense of investors who trusted in the disclosures that they received from Fannie and Freddie, disclosures that the government knew to be untrue.
People can debate the wisdom and benefits of the government essentially nationalizing Fannie and Freddie. However, there is no debate about the ethics of fraud. The best way out of this dilemma is for the government to reverse the Third Amendment and begin allowing Freddie and Fannie’s shareholders to receive some or all of the future earnings. If the government did this, the fraud’s economic damages would disappear since the government just recently reached the point where it was fully paid back.
Our government is supposed to be policing securities fraud, not committing it. There is no excuse for defrauding investors just to enrich the Treasury. The government needs to admit its wrongdoing, make reparations if needed, and take steps to make sure it does not repeat this type of behavior. As for investors, they should learn that at least for the rest of the Obama administration you cannot trust the government. Less

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elivate • Mar 17, 2014 8:02 AM Flag

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Obama is Black, so he is untouchable. If you speak against him, you would be a racist.

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• jimtalkner • Mar 14, 2014 5:02 AM 

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  FnF's conservatorship is temporary unless this Country is a Communist country.... Is Obama above the Law.... where He can Fraud and disregard ethics????????????????? Even Bank of America is facing penalties for fraud so how can a President seem to be immune?
  • 1 Reply to jimtalkner
  • bullchase • Mar 16, 2014 11:33 PM 

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    He apparently has been immune up til now ! I suspect that his administration will keep prolonging this free take-away because it is the only source of revenue for the failed government. Only when he leaves following next election, will a new administration have inherited the flaws from the present... More
• rjhynes • Mar 14, 2014 4:11 AM 

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  Everyone should READ. How were you abe to get all that text in your message ? For me it limits it

FED UP AMERICAN BLAME us goverment

hll7575 • 3 hours ago Flag

Another Fort Hood Massacr

e

So, where's Bush, Cheney, Rumsfeld now so we can ask them whether they thought about the human capital costs from the unnecessary Iraq War? On the surface, it costed $1T, 4,600+ US troop fatalities, 10's of thousands of disabled, and countless (hidden or not hidden) PTSDs, and veterans couldn't find meaningful work. And don't forget the ignorance of domestic matters leading to the housing bubble and the Great Recession - FnF C-ship. 

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 Many (if not most) Democrats did vote for the war under false pretenses presented by the Bush administration. They shouldn't have been so stupid to believe the garbage that they were being told, but alas, you make the best decision you can with what the leadership is spoon feeding the media, and therefore the nation.

Politics are a rotten thing, but to put the wars' responsibility on anyone but the GOP leadership is myopic since there was but one Democrat senator actively screaming for war (Lieberman).

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jms3rd2003 • 3 hours ago Flag

This is not the place for discussions like this. However, one correction....CNN is reporting that he was a 34 year old Iraqi War Vet....to me a fellow military veteran albeit, many years my junior. My prayers are with his family and the families of those impacted by this tragedy. I am seeing too many incidents of suicide among veterans and it pains me. Less

UN AND ITS CROOKED WAYS

Observations on Geneva 2014

April 4, 2014, 9:07 pm 

By Izeth Hussain

OHCHR Mandate – Operative paragraphs 10 and 10(b) of the US-led Resolution reads "requests the Office of the High Commissioner of Human Rights (OHCHR):

(b) To undertake a comprehensive investigations into alleged serious violations and abuses of human rights and related crimes by both parties in Sri Lanka during the period covered by the Lessons Learnt and Reconciliation Commission and to establish facts and circumstances of such alleged violations and of the crimes perpetrated with a view to avoiding impunity and ensuring accountability with assistance from relevant experts and special procedure mandate holders".

When I first read the above I mistakenly thought that not much more was envisaged than some token action by the OHCHR. It turns out, on the contrary, that the OHCHR is being mandated to take full-scale action towards international investigation of alleged war crimes etc. The reason for my initial mistake was that it seemed to me inherently absurd that the mandate was being given on so serious a matter, not by the UN Security Council or by the General Assembly, but by the UN Human Rights Council in Geneva. I must explain for the benefit of the average reader who is not familiar with the world of diplomacy that the post of Permanent Representative to the UN in Geneva is a relatively minor post. The reason for this is that nothing really important for the world transpires at the UN in Geneva unlike at the UN in New York. The action on human rights in Geneva has been confined for the most part to shaming errant Governments into correcting their evil ways.

Apart from all that, it is now quite clear that OHCHRC has no mandate to take on the responsibilities assigned to it under the US-led Resolution. This point was made by the Indian and other delegations, and we now have an informative article by Neville Laduwahetty in The Island of April 1. This must be seen in a perspective going back to the Panel of Experts set up by the UN Secretary General Ban Ki-moon in 2011. It was made out at that time that the PoE was no more than a body set up to advise the Secretary General, and should therefore be of no concern at all to Sri Lanka and other countries. Later, I and doubtless others as well pointed to the process whereby the Report of the Panel of Experts came to be given the imprimatur of the UN. It seemed clear that the Western big-shot powers had been engaged in an exercise to circumvent the UN General Assembly where they did not have a majority and the Security Council where the Chinese and Russian vetoes would go against them. It is the same process that has been at work at Geneva, a process that is thoroughly inimical to the sovereignty of weak states. Perhaps this should be taken up by the Non-Aligned member states that are represented at New York.

The British Role – The first US-led Resolution, which envisaged no immediate action and in effect provided a year’s reprieve for the Government, was a diplomatic triumph for the Government, unless we choose to believe that this that and the other factor were operative behind the Resolution but never the Government’s diplomacy! Credit should be given for that triumph above all to Foreign Minister G. L. Peiris. But the triumph was a short-lived one, and the Resolution finally adopted was a serious defeat for the Government. However, there were a couple of mitigating factors. The votes for the Resolution were 23 while the votes against and the abstentions totaled 24. It would be absurd to say that we won the vote, but it is true that the votes for the Resolution were in a minority. Above all, India abstained, and furthermore it voted against operative para 10. India has more importance for our ethnic problem than all the other countries of the globe put together. The Government’s diplomacy surely counted in the Indian abstention also.

What led to the reversal? An important factor would have been the Government’s horrible record in reneging on commitments. The widespread expectation would have been that the Government would use the year’s reprieve to shilly-shally over moving towards a lasting political solution and ethnic reonciliation. But it is generally understood that at Geneva the most important determinants behind the votes are not really human rights and all that but the changing configurations of power in the international arena. What really counted finally was Britain’s determination to push through a Resolution with munching crunching power in it. And what lay behind that British determination was the power of the Tamil expatriate lobby.

Here we come to what looks like a new factor in our ethnic imbroglio that requires scrupulous analysis. In 2009 the Government troops annihilated the LTTE internally, but externally the rump LTTE has continued to function. It would probably be a mistake to equate the entirety of the expatriate Tamils with the rump LTTE, and the Government may be acting precipitately in proscribing certain Tamil groups. It remains however that any power that the expatriate Tamils are able to exercise has to come to a substantial extent from the money power of the LTTE. As Minister G.L.Peiris put it in the interview he gave to the Ceylon Today Sunday of March 30, the financial resources that the LTTE formerly spent in funding the war is now spent in exercising influence.

That influence is exercised mostly in the western countries whose Governments must understand one fact above all about the LTTE: it cannot be expected to be satisfied with anything less than Eelam, or at the very least a confederal arrangement that would amount to a de facto Eelam. The reason for this is historical. It can be argued that after the insensate violence against the Tamils from 1977 to 1983 the Tamils had no alternative to taking up arms against the State. But the prolongation of the war after 1994 was mainly due to the intransigence of the LTTE. It rejected all the handsome offers of devolution from 1995 to 2000, and it made a farce of the peace process, all in the expectation that it could establish Eelam through military victory. It is estimated that around 100,000 died during the 30-year war, the majority of them being Tamils. If a lasting political solution can be worked out on the basis of 13A plus a fully functioning democracy, and ethnic reconciliation takes hold as has to be expected, the LTTE will stand condemned for the deaths of scores of thousands of innocent Tamils. It cannot therefore reconcile itself to anything less than Eelam. Its immediate tactic will probably to keep the ethnic imbroglio going.

The US Role – Public attention is coming to be focused on one question, a very perplexing question for the public: why is it that the US, the sole super-power with vast responsibilities and interests, is giving so much attention to Sri Lanka, a small and weak country with no resources that are worth coveting, with no power worth bothering about in the international arena, a country furthermore where violations of human rights are not so horrendous as in some other countries? Many members of the public may jump to the conclusion that what the US really wants is a base in Trinco. If so, I don’t see why it should go about it in so devious a way, alienating the Sri Lankan public in the process. I have never believed – for reasons that I cannot go into here – that the US has ever wanted a base in Trinco.

I would stand by the analysis I made in my article Ban Ki-moon conspiracy in The Island of May 2, 2011. Sri Lanka has a special significance as the immediate neighbour of India, a country that can be regarded as a regional great power and that is going to emerge as a great power. The US had for many years wanted a special relationship with India, and the West as a whole would want India to be on their side to counter-balance both China and the Soviet Union. Against this background, the US and the West have wanted to help India solve the ethnic problem, as a contribution towards the evolution of a new world order. A glitch has occurred – I refer to the Indian abstention – but I believe that if India insists the West will ultimately go along with it on our ethnic problem.

However, I would now answer the question: Why is Sri Lanka being given such importance internationally? In a way significantly different from the way I did in 2011. I would now give a very special importance to ethnic problems in the international context. In the last century the great black ideologue W.E.B. du Bois wrote that the greatest problem of the twentieth century would turn out to be the problem of the colour line. It is an arguable point. I would say that the greatest problem of the twenty first century will turn out to be the problem of minorities – ethnic, racial, religious, cultural minorities – in their struggle against majorities. The underlying reason for this, I believe, is that economic development is taking place on a global scale, and with it there is a revolution of rising expectations which makes minorities no longer satisfied to remain in their socio-economic niches in a traditional ethnic division of labour. The crux of the problem is that minorities too want to go up the socio-economic ladder, and that brings then into rivalry and conflict with the majorities. It is a process that is taking place on a global scale. The importance that is being given to Sri Lanka’s ethnic problem has to be seen in this global context.

Both the draft Resolution and the final one adopted in Geneva were US-led. It raises the following question: Why is the giant US bullying the dwarf Sri Lanka? Let us acknowledge the fact that although the US has done much good for humanity, it has also established itself as the world’s most excruciating pain in the anatomy. Minister Peiris’ answer to the question – in that Sunday paper interview – was that Sri Lanka is a soft target. It was the thesis of Emmanuel Todd in his brilliant and insightful book After Empire that since the US has been declining militarily, it wants to give the impression of strength by attacking military dwarfs such as Iraq. It is time for the Davids of the world to get together with their slingshots. We must rejuvenate the Non-Aligned Movement.

The Indian Role – Why did India abstain? I believe that I can be very brief in providing the answers as they don’t admit of much controversy. Firstly, India gives priority to solving the ethnic problem over human rights and investigations into war crimes. India knows that the latter will envenom ethnic relations and make movement towards a political solution more difficult. Secondly the Resolution will allow the West too intrusive a role in Sri Lanka. That will be incompatible with Sri Lanka being in India’s legitimate sphere of influence - - though of course India will diplomatically eschew such language.

Izethhussain@gmail.com

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Ban on LTTE fronts: several years’ effort

April 2, 2014, 10:35 pm 

by Madura Ranwala

Military spokesman Brigadier Ruwan Wanigasooriya yesterday said banning of 16 pro-LTTE fronts by the External Affairs Ministry wasn’t an overnight affair but an outcome of a three to four years work.

He stressed that it had been done according to the United Nations Security Council resolution 1373 adopted at its 4385th meeting on September 28, 2001 following the terrorist attacks which took place in New York, Washington D.C. and Pennsylvania on September 11 the same year.

He rejected the allegation that it was a reaction to the Geneva resolution adopted against Sri Lanka at the 25th Session of HRC in Geneva.

Meanwhile, he said Secretary Defence and Urban Development, Gotabhaya Rajapaksa would visit Mullaitivu today (03 April) and inaugurate several projects. 

 Among them are handing over 100 houses to the resettled families in Keppapilavu under the second stage of the three stage project of providing houses to those resettled in that area, the handing over of close to 100 acres of paddy land from the air force camp premises for farming, and handing over several houses renovated by the Army to the owners.

He also said that the Secretary, on his way back in the evening would declare open a solar power pilot project to generate 20KW, at the 2nd Engineer Services Regiment Army camp at Anuradhapura.

"There are two other sites of the same project with similar capacities at Medawachchiya Navy base, Punewa and Palavi Air Force base that will be inaugurated simultaneously," he said.