Friday, November 22, 2013

What's Beter In The News: For People Who Want Honesty And Choices, Not Deception And Orders

  What's Better With The French President? Israel gave French President Hollande a hero's welcome when he arrived in Tel Aviv. This is an indication that Israel believes France is going to stand strong on not selling out the world by a toothless nuclear agreement with Iran. The Obama administration is pushing such a deal. Why? Besides the fact that Obama is pro-Muslim, he also has an unfounded belief in the ability of discussions, negotiations, treaties, and the United Nations to keep peace.
  What's Better With Islamic Martyrdom? What's better is that the Pakistani
Government is insisting that its soldiers are martyrs when they are killed fighting terrorists. This is contrary to what the leader of Pakistan's islamist party, Jamaat-e-Islami, contends. This has opened a debate in Pakistan about what is martyrdom. Any discussion that is rational and honest will only weaken Islamofascism.
  What's Better In Understanding The 2008 Financial Meltdown? This has emerged after the government's huge shakedown of J.P. Morgan: The settlement began its long process when Justice Department officials discovered that in 2006 J.P. Morgan executives had decided at a meeting to continue selling dubious, now notorious, mortgage securities in spite of warnings that should have stopped them (of course, hindsight is always
perfect). Most of these mortgages would never have been made by banks if the banks were not under extreme pressure by the federal government to make them. The government wanted everyone to be a homeowner. The ability of home buyers to pay their mortgages was not even a consideration.  In fact,the government insanely said those considerations were indications of discrimination. The feds demanded financial recklessness by the banks, the banks kowtowed and adopted the same corruption and recklessness in making, for a while, huge commissions selling these soon-to-be almost worthless mortgages in bundles called mortgage securities.Then people discovered they couldn't pay their mortgages, and the house of cards fell.
Peter Nickerson, Philosophy Major, William and Mary, Class of '68.

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