The Housing and Economic Recovery Act of 2008:
An Analysis by Catherine Austin Fitts
~ Click here for the full article.
If there is to be any blessing in this housing bill, perhaps it will be to so offend, so disgust those of us who are awake that the process of withdrawing from the old and reinvesting in the new models will accelerate. And maybe the smartest and most creative among us will be willing to invest the time and energy it takes to reinvent a model that incorporates what we like to think are traditional American values. These are the values that are enduring and make us proud to be Americans still. There is no hint of these values in the housing bill. There is, however, an abundance of them in the hearts and minds of the people.
- Housing Bill, Part I – Overview
- Housing Bill Part II – Nation State or Investment Syndicate?
- Housing Bill, Part III – Your House Is Bigger than My House
- Housing Bill, Part IV – The Profits of Playing Ball
- Housing Bill, Part V – Where Is the Collateral?
- Housing Bill, Part VI – The Tapeworm Corporation Comes Out of the Closet
- Housing Bill, Part VII – Andrew Cuomo Owes Us $5 Trillion
- Housing Bill, Part VIII – The Two Great Financial Mysteries of Our Time: Missing Money and Collateral Fraud
- Housing Bill, Part IX – In the Destruction of the Old, Let There Be the Creation of the New
Catherine Austin Fitts served as Assistant Secretary of Housing and Federal Housing Commissioner in the first Bush Administration. Her company Hamilton Securities Group served as lead financial advisor to the Federal Housing Administration during the Clinton Administration. She is a former managing director and member of the board of the Wall Street investment bank Dillon, Read & Co. Inc.
2nd Quarter 2018 Wrap Up: The Rise of the Asian Consumer (98 pages) 
Author and attorney Ellen Hodgson Brown wrote an article entitled “Fannie and Freddie: Giving Away The Farm” (8/6/08) which was published on the GATA webiste. In this article Ellen Brown says: “As for Fannie and Freddie they may be too big to fail but they aren’t too big to be nationalized. If we the people are paying the bills, we should get the stock.” Doesn’t that say it all? “If we the people are paying the bills, we should get the stock.”
Socialism or corporate fascism or whatever it is seriously begins to mar the body politic of the nation, yet no shot is fired. People just keep going to work, washing dogs and babies and playing cards–or whatever it is we do. Days don’t appear to be different than average normal days. Yet the very absence of strangeness in the national air is itself strange. How can everything be so normal when ideas so abhorrent to the core of the American psyche are deftly implimented into US life through this Housing Bill.
Though I have begun to learn a little of the scope of graft in government in the USA, there is something which I find even more challenging. Catherine Austin Fitts has begun to educate me that if the problem is centralization than the answer is decentralization. But what if learned helplessness is pervasive among individual American? Then what happens?
In the primaries leading up to this current US election, what seemed to be verbalized in social settings so very often was: “Well I like this guy more than anybody and he represents what I believe more than anybody else running but we all know he can’t win. He doesn’t have a ghost of winning so I will vote for the lesser of two evils.” There you have it–people consciously voting for those they define as an evil. Who has called us to vote for an evil? Who has called us to vote expedience and learned helplessness? Who has called us to pull a lever for someone we think of as an evil and to not vote for the candidate we most admire? Something in me thinks that unless this very pervasive thinking pattern changes, then the rest cannot change. We actually do not vote our own self-interest–we vote the tapeworm.