Fundamental Transformation: Evil Looms

Treasury Secretary Timothy Geithner's response to the question of addressing Fannie and Freddie by Joe Scarborough on Morning Joe caught my ear. Roll the tape:



Exactly how is the Obama administration going take a look at the entire housing market? How will they change the system completely? What regulatory steps will be taken to make the market more affordable and stable?

Clearly, Geithner is speaking of governmental intervention instead of allowing free markets to dictate, which is the action that should be taken. In case your are new to the issue of the housing crisis, government intervention is the central culprit in the problem.

I wondered if the government was going to take aim at limiting risk. Risk is an essential, and measurable, component in markets. Risk measures the variation in anticipated outcomes. Most home buyers in the last decade had never seen housing prices extend past a standard level of deviation, much less seen home values crash. Therefore, they anticipated that the risk of such an event were close to zero, even though as prices extended above measurable moving averages, risk increased.

Through Fannie and Freddie, the government controls almost 70% of residential home mortgages. The biggest player, and in most cases, the only player in town, these GSE's can dictate terms for lending, and through this mechanism, control risk.

Enter Glenn Beck, who in all seriousness these days is Inspector Clouseau and Woodward and Bernstein wrapped into one, and the evil plans of our government are exposed. Beck outlined a series of coincidences, that are actually not coincidences, that are extremely alarming. Please listen carefully to the following segment of The Glenn Beck Program from this past Tuesday:



The Examiner has more on this startling report at Examiner.com.

The administration has stated they never want to see a crisis go to waste. As I see it, the housing crisis, created in large measure by the government, appears to be a vehicle through which the government will implement cap and trade policies through regulatory actions on residential housing through the mortgage holder Fannie & Freddie. Remember the article recently in The American Thinker? Politico has more and this has been looming for some time.

The regulatory actions placed on residential housing will likely be a carbon tax based on the energy efficiency score placed on your residence. Interest rates, through the GSE's, if you can get them, will likely be based on your score as well. Keep in mind regulations that already exist for mortgaged properties, such as certain levels of property insurance. The slope is getting real slippery.

Forget that global warming is a hoax whose real purpose is provide a vehicle for the global transformation of wealth. Under this false premise, regulatory action on residential housing, enforced by the EPA, will tax residential property owners to fund this transformation.

While if voted in with corrupt measures like the Health Care bill was, it likely won't be illegal, but the actions of former Fannie Mae CEO and Obama transition team consultant Franklin Raines may well be. At any rate, this nonsense has simply got to stop, as our country is being run into the ground on purpose by Progressive global warming moonbats.

Obama proclaimed he is going to transform the Untied States of America. Into what, I am not sure, but into something our founding fathers would strongly resist. Wake your neighbors up before it is too late!