So, instead of loading poor US black, brown, and white citizens with debt allowing them to be PROFESSIONAL UNQUALIFIED HOMEOWNERS having the goal of sending those properties into foreclosure and bankruptcy---these several years have seen EQUAL OPPORTUNITY FLEECING of 99% of Cambodian, Syrian, Malaysian, Nigerian, Ghanaian, Pakistanian immigrants all allowed to realize their US DREAM of subprime mortgage fraud giving that home and taking it away.
WHO IS TOP GUN IN GLOBAL WALL STREET FRAUDS ESPECIALLY SUBPRIME MORTGAGE FRAUDS? CLINTON/BUSH/OBAMA----WHO IS MC AULIFFE OF VIRGINIA? CLINTON'S RIGHT HAND MAN----DOES HE CARE ABOUT CIVIL UNREST AIMED AT GETTING THE 99% BLACK, WHITE, AND BROWN HARMING AND KILLING ONE ANOTHER? NO---HE WORKS FOR MOVING FORWARD ONE WORLD ONE GOVERNANCE GLOBAL 1%.
Incident In Charlottesville Will Make Us Stronger, Gov. McAuliffe Says
August 14, 20177:45 AM ET
Heard on Morning Edition
David Greene talks to Virginia Gov. Terry McAuliffe about the protests in Charlottesville. Some say the police didn't do enough to prevent the attack by a white nationalist that left one person dead.
This is why a Trump installs a CARSON as head of Federal Housing Agency -----both Trump and CARSON are OLD WORLD MERCHANTS OF VENICE GLOBAL 1% spreading that fraud to 5% to the 1% black, white, and brown global Wall Street players and pols. Same as Obama and his FHA head Julian Castro....................... 'Donovan is also the former United States Secretary of Housing and Urban Development, serving from 2009 to 2014'----spreading that access to global Wall Street fraud between all 5% pols and players.
'diamond and silk sisters'----these 5% players paid to tout Trump could care less about a 99% black, brown, or white loaded with fraudulent global Wall Street debt----they love Trump and work with THOSE DASTARDLY WHITE FREEMASON KKK to do it.
WHY ARE ALL OUR SYRIAN IMMIGRANTS LOSING THEIR HOMES? Because they were conned by global Wall Street CLINTON/BUSH/OBAMA 5% players. Why are WE THE PEOPLE THE 99% TAXPAYERS seeing all our Federal agencies once working to keep our communities strong now bringing our communities to decay and collapse? CLINTON/BUSH/OBAMA global Wall Street 5 % players black, white, and brown.
'In Los Angeles and Orange counties, the limit on an FHA mortgage is $636,150'.
Obama and Clinton neo-liberals expanded to OVER $600,000 the Federal Housing Agency loan insurance so SUBPRIME MORTGAGE LOAN FRAUD could explode and foreign investors in US real estate putting their 99% in US houses got to play---FLEECE THE US FEDERAL HOUSING AGENCY----sure those global 1% and their 2% HAD EQUAL OPPORTUNITY IN DEFRAUDING 99% OF WE THE PEOPLE---those 99% of immigrants tied to these fraud debts will now start their time in US tied to SLAVE DEBT. When we read articles describing COYOTES bringing our immigrants across the border and tying them to slavery with debt----
GLOBAL WALL STREET 5% TO THE 1% CLINTON/BUSH/OBAMA ARE DOING THE SAME CRIMINAL CARTEL OPERATION ONLY AT THAT GLOBAL 1% LEVEL.
Does TRUMP care about all these frauds no matter black, brown, white US citizen or immigrant citizen?
OF COURSE NOT---TRUMP IS PRETENDING TO BE RIGHT WING CONSERVATIVE REPUBLICAN WHILE BEING THAT SAME CLINTON/BUSH/OBAMA GLOBAL 1% NEO-LIBERAL.
HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office
Andrew KhouriContact Reporter Jan 20, 2017
An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit.
The move by the Department of Housing and Urban Development — one of the first acts of Trump’s administration — reversed a policy announced in the waning days of the Obama presidency that would have trimmed insurance premiums for typical borrowers by hundreds of dollars a year.
Some Republicans expressed concern that the rate cut could cost taxpayers if the loans started to go sour and the Federal Housing Administration was unable to cover the losses. The agency needed a $1.7-billion bailout from the U.S. Treasury in 2013 after it expanded its role last decade after the collapse of the subprime mortgage market.
The FHA does not issue loans, but instead insures mortgages and collects fees from borrowers to reimburse lenders in case of default. Borrowers can qualify for an FHA-backed mortgage, with down payments as small as 3.5%, even with a credit score as low as 580, which could signal a past bankruptcy or debts sent to collection.
The average credit score of an FHA borrower in the third quarter of last year was 679, a credit worthiness considered to be fair.
FHA-backed loans have seen robust growth in recent years and lenders not chartered as banks now control a majority of the riskier FHA market. The shift toward nonbank lenders also has drawn concerns because banks have strict reserve requirements while the crop of new lenders operates under a variety of business models.
Last week, during a confirmation hearing for Trump’s nominee for HUD secretary, Ben Carson, Sen. Pat Toomey (R-Pa.) argued that private mortgage insurance should play a larger role in the market for homes acquired by buyers who can’t afford traditional 20% down payments.
Carson appeared open to such a possibility and told Toomey it didn’t matter what entity provided insurance, but “we do have to have a mechanism, backstop.”
Carson also said he was surprised by the recent FHA rate cut and promised that if confirmed he would work with the “FHA administrator and other financial experts to really examine that policy.”
The suspension of the rate cut, set to take effect Jan. 27, came before his confirmation vote.
In a letter announcing the suspension Friday morning, HUD, which oversees the FHA, said more analysis is needed on any “future adjustments” to insurance premium rates. For most borrowers, the rate will now remain at 0.85%, rather than 0.60%.
“FHA is committed to ensuring its mortgage insurance programs remains viable and effective in the long term for all parties involved, especially our taxpayers,” the letter to the real estate industry said.
In cutting the insurance premium, the Obama administration had argued that the FHA’s finances had vastly improved since it received its first-ever bailout in 2013 to cover potential losses on the huge volume of low-down-payment mortgages it insured from 2007 to 2009 after the housing bust.
The administration noted that the agency’s Mutual Mortgage Insurance Fund’s capital reserve ratio exceeded requirements for the second year in a row.
“With sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” former HUD Secretary Julian Castro said in announcing the cut.
The suspension of that decision will be a disappointment to home buyers currently out shopping, especially on top of the rise in mortgage interest rates following the November election.
In Los Angeles and Orange counties, the limit on an FHA mortgage is $636,150.
If the planned reductions went into effect, borrowers who put down less than 5% on a $600,000, 30-year mortgage would have saved $1,500 a year. The Obama administration estimated that new FHA borrowers across the nation would have saved an average of $500 a year.
“That is real money,” Southern California mortgage broker Jeff Lazerson said.
Lazerson, president of Mortgage Grader in Laguna Niguel, said he had several clients who were putting off deals so they could get a cheaper insurance rate after Jan. 27.
“We got lots of calls,” he said.
In its letter announcing the suspension of the rate cut, HUD did not give a timeline for any coming decision and said the suspension was indefinite.
The California Assn. of Realtors called for the Trump administration to quickly review the rate reduction, noting it would have saved FHA-backed borrowers in California an average of $860 a year.
“FHA’s single-family home portfolio is financially sound as it has ever been, and we hope that once the new administration has thoroughly reviewed the merits of the premium reduction the suspension will immediately be lifted,” the association’s president, Geoff McIntosh, said in a statement.
WHY ARE ALL OUR SYRIAN IMMIGRANTS LOSING THEIR HOMES? Because they were conned by global Wall Street CLINTON/BUSH/OBAMA 5% players. Why are WE THE PEOPLE THE 99% TAXPAYERS seeing all our Federal agencies once working to keep our communities strong now bringing our communities to decay and collapse? CLINTON/BUSH/OBAMA global Wall Street 5 % players black, white, and brown.
Where are the UNITED NATIONS GLOBAL 1% AND THEIR 2% pretending to care about immigrant/Muslim rights as new Muslim citizens are fleeced of their DREAM and loaded with fraudulent global Wall Street debt?
THESE UNITED NATIONS GLOBAL 1% AND THEIR 2% ARE THE ONES FLEECING THESE NEW IMMIGRANTS AND GLOBAL LABOR POOL OF THEIR DREAM OF HOME-OWNERSHIP.
Please educate our new immigrant families about the organized criminal cartel that is CLINTON/BUSH/OBAMA ---NOW TRUMP and their 5% players -----REAL left social progressives protect that 99% of immigrants not the right of global 1% and their 2% to fleece their own 99% inside US.
Just OLD WORLD MERCHANTS OF VENICE global 1% GREEKS AND FREEMASON 5%------only knowing how to fleece the poor to create a business economy.
Thursday, Feb 2, 2017 02:37 PM EDT WATCH:
Samantha Bee says liberals, Muslims would march to protect Trump voters
Bee pleads with Trump supporters to stop mocking protesters because with Trump's Cabinet they might need them Taylor Link
After educating her audience on President Donald Trump’s manic fixation with loyalty and betrayal, “Full Frontal” host Samantha Bee suggested that America will one day need a protest movement to defend the country. Bee said her lack of confidence in attorney general nominee Sen. Jeff Sessions was a factor in her despair.
“I am not so sure we can count on the DOJ to push back against Trump, which means it’s up to us. But bad news, as soon as you lace up your marching shoes, you made the enemies list too,” she said.
Here in Maryland these same highs are occurring again in Prince George's County and Baltimore---home of global labor pool-----
CHICAGO'S SHADOW INVENTORY-------home of Obama and Rahm Emanuel----Baltimore is home of global Johns Hopkins and O'Malley/PUGH-----
This is why we remind folks who think OLD WORLD FREEMASONS were cool-----the DeVinci, Galileo, Kepler, Mozart freemasons WERE REALLY GENIUSES at their trades-----what CLINTON/BUSH/OBAMA pretending to be EXCEPTIONAL FREEMASONS are really-----organized global mafia. NO GLORY COMING FROM THESE SHIP OF 5% TO THE 1% FOOLS.
Chicago Foreclosure Activity: Mortgage Defaults Hit Two Year High
By Gary Lucido, April 13, 2017 at 11:30 am
Just when we thought the mortgage crisis was long behind us this morning's RealtyTrac March Foreclosure Market Report came out along with their Chicago foreclosure activity data - the latter showing what might be the early stages of a disturbing trend. Looking at the graph below you will see that there is a lot of noise in the total activity but most of that noise seems to come from the auction component (yellow area). But look at the two components below that and there seems to be an upward trend forming.
I'm actually not so concerned about the bank repossession piece in burgundy because, as I've pointed out many times in the past, it represents foreclosures being resolved. What is definitely more concerning is the mortgage default component in blue below that which just jumped to it's highest level in almost two years. And that component, which has risen for the last 4 months, represents new foreclosures entering the pipeline.
RealtyTrac pointed out that nationwide foreclosure activity was below pre-recession levels, which they measured from Q1 2006 - Q3 2007. You can see the historic level of national foreclosure starts and completions in their graph below. Well, that's really interesting but what I want to know is how does current foreclosure activity compare to pre-bubble activity. Heck, the bubble was well underway during 2006 and you can plainly see in the graph below that foreclosures starts were already on an upward trend at the beginning of 2006.
U.S. foreclosure activity on a quarterly basis first dipped below pre-recession averages in the fourth quarter of last year, and this report shows that trend continuing for the second consecutive quarter. The number of local markets dropping below pre-recession levels continues to grow, up from 78 a year ago to 102 in this report.
Well, Chicago is not one of those markets that has dropped below pre-recession levels. In fact, the greater Chicago metropolitan area is still 9.2% above RealtyTrac's pre-recession level, though it is down 68% from the peak.
Chicago Shadow Inventory
However, there is some good news in the Chicago foreclosure data this month. The total number of homes in Chicago that are in the foreclosure pipeline just hit a new low - and with a healthy decline from February. As you can see in the graph below the number of foreclosures remained fairly flat for a year or two in the 2015 - 2016 timeframe but then regained momentum recently. We may even break the 10,000 unit level soon.#Foreclosures #ChicagoForeclosures
We have discussed earlier how US Treasury debt is sold overseas to create this massive NATIONAL DEBT and yes, much of it is tied to subprime mortgage loan frauds through BUSH/OBAMA ---and Trump will allow the same.
This is what killed our US economy especially in our US cities----global Wall Street 5% CLINTON/BUSH/OBAMA deliberately, willfully, and with malice killed our local economy so 99% of citizens could not seek income whether through job or small business----when KKK WHITE SUPREMACY FREEMASONS march with tiki torches because they have no jobs and businesses---it is CLINTON/BUSH/OBAMA NOW TRUMP causing these local stagnant economies.
So, what happens during these ROBBER BARON periods? All the economy turns to GLOBAL MARKETS ---SELLING OF US TREASURY DEBT---and our local 5 %to the 1% GREEKS AND FREEMASONS are those pushing the selling of fraud----to get that debt ----to sell that debt overseas------in exchange for real money. When they sell that subprime mortgage loan fraudulent debt on real estate in US city low-income communities to foreign buyers ----those foreign buyers then become that future FOREIGN CORPORATION AND GLOBAL 1% AND THEIR 2% in our US cities.
Of course our local and state 5% are not deciding what, where, when, and who is team global Wall Street US subprime mortgage fraud debt buyers and sellers---it is those global 1% black, brown, and white citizens and global NGOs.
When our local low-income 99% of citizens shout for housing and better US city development-----they are not shouting at those local 5% Greeks and Freemason players----they are being led to shout at a TRUMP OR OBAMA.
If global Johns Hopkins and Greater Baltimore Committee want that foreign corporation from Brazil to bring a foreign global corporation to Baltimore---then they push those 5% to create subprime mortgage fraud in a certain US city community and see that it is sold to that Brazilean global 1% or foreign corporation and VOILA---THAT FOREIGN FOOTPRINT exists in our Baltimore surrounding low-income decaying community. Local 5% players profit from sales of future foreclosures----and they profit from selling that subprime mortgage loan debt.
This is Baltimore's top black-market economy and operates openly free from any US RULE OF LAW from our city attorney's office or our Maryland Attorney's office. Who owns real estate in our decaying US cities like Baltimore? Black, brown, and white 5% to the 1% players normally those pesky slum landlords---
Who Owns the U.S. National Debt?
The Biggest Owner Is You!
All of us will have to pay the nation's debt. Photo: Thomas Barwick/Getty Images
By Kimberly Amadeo
Updated July 20, 2017
The U.S. debt is $19.8 trillion. Most headlines focus on how much the United States owes China, one of the largest foreign owners. What many people don’t know is that the Social Security Trust Fund, aka your retirement money, owns most of the national debt. How does that work, and what does it mean?
The Debt Is in Two Categories
The U.S. Treasury manages the U.S. debt through its Bureau of the Public Debt.
The debt falls into two broad categories: Intragovernmental Holdings and Debt Held by the Public. (Source: "Debt to the Penny," U.S. Treasury, January 26, 2017.)
This is the portion of the federal debt owed to 230 other federal agencies. It totals $5.554 trillion, almost 30 percent of the debt. Why would the government owe money to itself? Some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. Rather than stick this cash under a giant mattress, these agencies buy U.S. Treasurys with it.
By owning Treasuries, they transfer their excess cash to the general fund, where it is spent. Of course, one day they will redeem their Treasury notes for cash. The Federal government will either need to raise taxes or issue more debt to give the agencies the money they will need.
Which agencies own the most Treasuries? Social Security, by a long shot.
Here's the detailed breakdown (as of December 31, 2016).
- Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.801 trillion
- Office of Personnel Management Retirement - $888 billion
- Military Retirement Fund - $670 billion
- Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $294 billion
- All other retirement funds - $304 billion
- Cash on hand to fund federal government operations - $580 billion. (Source: "Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, U.S. Department of the Treasury, December 2016.)
Debt Held by the Public.
The public holds the rest of the national debt ($14.403 trillion). Foreign governments and investors hold nearly half of it. One-fourth is held by other governmental entities. These include the Federal Reserve, as well as state and local governments. Fifteen percent is held by mutual funds, private pension funds and holders of savings bonds and Treasury notes. The remaining 10 percent is owned by businesses, like banks and insurance companies. It's also held by an assortment of trusts, companies, and investors.
Here's the breakdown of holders of the public debt:
- Foreign - $6.281 trillion
- Federal Reserve - $2.463 trillion
- Mutual funds - $1.379 trillion
- State and local government, including their pension funds - $874 billion
- Private pension funds - $544 billion
- Banks - $570 billion
- Insurance companies - $304 billion
- U.S. savings bonds - $169 billion
- Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.349 trillion. (Sources: “Factors Affecting Reserve Balance,” Federal Reserve, January 18, 2017. “Treasury Bulletin, Table OFS-2, Ownership of Federal Securities", U.S. Department of the Treasury, June 2016.)
This debt is not only in Treasury bills, notes and bonds but also Treasury Inflation Protected Securities and special State and Local Government Series securities.
As you can see, if you add up the debt held by Social Security and all the retirement and pension funds, nearly half of the U.S. Treasury debt is held in trust for your retirement. If the United States defaults on its debt, foreign investors would be angry, but current and future retirees would be hurt the most.
Why Does the Federal Reserve Own Treasury Debt?
As the nation's central bank, the Federal Reserve is in charge of the country's credit. It doesn't have a financial reason to own Treasury notes. So why did it double its holdings between 2007 and 2014?
That's when it ramped up its open market operations by purchasing $2 trillion in Treasurys.
This quantitative easing stimulated the economy by keeping interest rates low. It helped the United States escape the grips of the recession.
Is the Fed monetizing the debt?
Yes, that's one of the effects. The Fed purchases Treasurys from its member banks, using credit it created out of thin air. It has the same effect as printing money. By keeping interest rates low, the Fed helps the government avoid the high-interest rate penalty it would usually incur for excessive debt.
The Fed ended quantitative easing in October 2014. As a result, interest rates on the benchmark 10-year Treasury note rose from a 200-year low of 1.442 percent in June 2012 to around 2.17 percent by the end of 2014. For more, see Relationship Between Treasury Yields and Mortgage Rates.
What About Foreign Ownership of the Debt?
Japan owns $1.11 trillion in U.S. debt. As of May 2017, it was the largest foreign holder. China owns $1.10 trillion. Both Japan and China want to keep the value of the dollar higher than the value of their currencies. That helps keep their exports affordable for the United States, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.
Ireland is third, holding $296 billion. Brazil is the fourth largest holder at $270 billion.
The Cayman Islands is fourth, at $266 billion. The Bureau of International Settlements believes it is a front for sovereign wealth funds and hedge funds whose owners don't want to reveal their positions. So are Luxembourg ($207 billion) and Belgium ($99 billion).
The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, Saudi Arabia and India. They each hold between $127 and $239 billion. (Source: “Foreign Holding of U.S. Treasury Securities,” July 18, 2017. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.)
Here is an example of this global real estate scam in earlier Clinton era years------this is the building of the for-profit higher education $1 trillion dollar fraud of both our Federal Student Loan and Federal Housing Agency -------Here we have what is called a US corporation expanding overseas---say Brazil getting real estate in Brazil and tying US students seeking higher-education to these for-profit higher education corporations ----yes, most of these were started in BALTIMORE AND SILICON VALLEY/SAN FRANCISCO area by global 1% GREEKS AND FREEMASON pushing these frauds.
So, that Brazilian 1% and their 2% are made rich pedaling these frauds for US 1% and their 2% -----and now the reverse is happening-----these global 1% Brazilian citizens have been trading for US real estate where they install that foreign corporation inside US Foreign Economic Zones----ergo extreme wealth extreme poverty in both Brazil and US. Now, it takes longer for 99% of AMERICAN citizens to fall into deep third world poverty because we are richer---but that is what the coming economic crash and collapse of US DOLLAR is meant to do.
All of these global real estate deals are designed and negotiated by those global IVY LEAGUE Universities like Johns Hopkins and their global Wall Street Baltimore Development corporations----and the COMMUNITY ASSOCIATIONS tied to Baltimore Development organize this movement of real estate inside surrounding communities. TRULY ORGANIZED CRIME AS NONE OF THIS IS LEGAL OR CONSTITUTIONAL IN UNITED STATES.
The real estate these for-profit higher education corporations built there 'CAMPUSES' were no doubt real estate in decaying global cities. Nancy Pelosi was key in these subprime mortgage frauds and for-profit higher education frauds being tied to both Baltimore and Silicon Valley/San Fran and she is a global 1% freemason ONE WORLD ONE GOVERNANCE.
What was education campuses became health/medical campuses expanding globally using these same US Treasury subprime mortgage frauds---now we will see those foreign tag team global 1% partners laundering US real estate fraud being brought to our US cities deemed FOREIGN ECONOMIC ZONES.
The for-profit education company targeting the whole world
Gary Gately, special to CNBC.com
Published 12:01 PM ET Tue, 15 Dec 2015 | Updated 4:41 PM ET Wed, 16 Dec 2015 CNBC.com
With the reputation of U.S. for-profit colleges in tatters, one company has found a convenient way to circumvent regulation in this country: by operating primarily in overseas markets.
Baltimore-based Laureate Education, the world's largest for-profit higher-education company by enrollment (with about 1 million students now enrolled worldwide), operates in a sector plagued by government scrutiny in the U.S. and in which one major for-profit education company, Corinthian Colleges, declared bankruptcy earlier this year.
William Perugin | Getty Images
College students on a campus in Brazil.
But Laureate gets 84 percent of its revenue from outside this country, most of it from Latin America. There, nations lack the infrastructure of established universities that the U.S. has, and their development means a steady demand for educated workers and training, the company argues in its IPO paperwork. (It filed for an IPO in October, but IPO watchdogs don't expect the deal to occur until next year.)
"The world embraces the power and importance of education and is seeking new ideas and technologies to deliver better education to more people at an affordable cost," Laureate founder and CEO Douglas L. Becker wrote in a letter in Laureate's IPO prospectus in the fall. "We believe we are uniquely positioned to meet this need through our unparalleled scale and resources, and our growing capacity to provide our intellectual property and services to other universities and governments."
Meeting the international demand
Laureate's prospectus points to a rapidly expanding middle class abroad, particularly in developing countries, global increases in service and technical industries and a growing realization that higher education opens doors for students and spurs economic growth.
Worldwide, the number of students in higher-education institutions nearly doubled from 99.7 million in 2000 to 198.6 million in 2013, with about 90 percent of those students in countries outside the U.S., according to the United Nations Educational, Scientific and Cultural Organization. In Latin America, Asia and other developing regions, Laureate predicts the demand for higher education will continue to grow, and many governments are striving to increase college enrollment.
The company notes the demand for low-cost higher education far outstrips the supply in such places as Latin America, where higher education has traditionally been the purview of Catholic colleges and state-run universities, which are cheap or free but have limited spots for students.
China's latest building binge: the education factory
But can Laureate succeed in staking its future outside the U.S. borders, where all but six of its 88 schools operate? The company has not been without detractors: It faced heavy criticism in Chile and Brazil, leading to the loss of accreditation for one of its Chilean schools last year.
And critics of Laureate's Walden University in Minnesota claimed professors were inaccessible and that continual delays stretched out the time — and thus money needed — to earn an advanced degree. Three students have filed a lawsuit against Walden, hoping to make it a class-action suit, alleging breach of contract, unjust enrichment, violations of state consumer protection and unfair competition laws.
US gov't forgives Corinthian federal loans 12:10 PM ET Fri, 11 Dec 2015 | 00:38
In October, U.S. District Court Judge Marvin J. Garvis in Maryland dismissed four of the counts from the plaintiffs alleging breach of state consumer protection laws. The plaintiffs are seeking tuition refunds, payment of loan debt incurred while attending Walden and litigation costs.
In its prospectus, Laureate says: "We believe the claims in this case are without merit and intend to defend vigorously against the allegations."
In August 2013, a group of current and former students filed a lawsuit against Laureate's University of St. Augustine for Health Sciences, but it related to matters arising before Laureate acquired the institution in November 2013. Additional complaints containing similar allegations were also filed in March 2015 and April 2015, according to its IPO prospectus, which states that these claims are without merit and that the company intends to defend itself vigorously. "We expect to be indemnified by the seller for substantially all of the liability with respect to any claims in this case," the IPO document says.
Grading the largest for-profit ed stocks
CompanyYTD returnAnnual revenue
Grand Canyon Educationnegative 18%$691M
DeVry Educationnegative 50%$1.9B
Apollo Educationnegative 78%$2.7B
Strayer Educationnegative 23%$446M
American Public Education
negative 43%$350M(Note to chart: revenue is for most recent fiscal year or calendar year, depending on how reported by each company.)
As Laureate's Becker attempts an initial public offering, which would reverse a 2007 leveraged buyout led by KKR & Co., he has to convince the market how his company differs from the rest of the for-profit education industry. The industry has lost 42 percent of its value in the past year, according to Motif Investing data, amid mounting complaints about student loan defaults and courses of study that didn't help students get the jobs they wanted. It won't be easy.
Laureate has seen results in its bottom line: Revenue last year rose 13 percent to $4.41 billion, with a loss of $162.5 million driven completely by $385.8 million in interest payments on its $4.33 billion of long-term debt. The debt is left over from the 2007 deal that took Laureate private, as well as from acquisitions of universities and colleges.
Laureate, like many leveraged-buyout companies, isn't profitable. It has posted a net lost for the past three years (and every year going back to 2010), based on formal accounting standards. Based on EBITDA (earnings before interest, taxes, depreciation and amortization), Laureate has posted profits, including a $754.2 million profit for the 12 months ending in June.
Laureate's backers are a who's who of the top ranks of capitalism, drawn to the idea of finding new, more efficient methods of schooling and professional training, particularly in emerging markets. Private-equity mogul Henry Kravis, George Soros and Point72 Asset Management's (formerly S.A.C. Capital) Steve Cohen, all have invested in the company, according to Bloomberg. Former U.S. President Bill Clinton served as honorary chancellor of Laureate's colleges and universities, collecting more than $16 million for his work and the reflected glow of his popularity, until his wife, Hillary Clinton, began her White House run.
Getting schooled on the many student loan options
The criticism of Laureate, here and abroad, is similar to charges leveled at competitors from Apollo Education Group, owner of the University of Phoenix, to the now-bankrupt Corinthian Colleges. In April, Corinthian shut down after a series of investigations by federal agencies and state attorneys general.
Both at its U.S. and foreign schools, critics say, Laureate puts too much emphasis on marketing, advertising, executive salaries and recruitment of students and too little on quality education.
"At both public and private [nonprofit] institutions, we're based on quality — how highly ranked our program is, how good our faculty are," said Andrew Ainslie, a critic of for-profit schools who is dean of the Simon Business School at the University of Rochester.
He said generating that quality demands in-person instruction and small classes, and that's very expensive. "You need a highly educated person in the classroom, with reasonably small numbers of people, in order to really produce a quality product, and it's incredibly hard to do that in a way that makes a profit," Ainslie said.
Completion rates key to college success: Experts
As Laureate has bought universities, it has sometimes followed up by cutting faculty and staff and trying to boost enrollment through telemarketing and advertising. It has grown from about 245,000 students eight years ago and has come under fire in Latin America as it grows there, Bloomberg News reported from Brazil.
Ready to blunt the criticism
After Laureate took over Centro Universitario IBMR in 2010, the school's quality ranking among small colleges in Brazil plunged from 41st place to No. 132, the Brazilian government's National Institute of Studies and Educational Research says. Last year the Rio State Legislature criticized for-profit colleges for firing professors and cited Laureate's takeover of IBMR.
Elsewhere in Latin America, where Laureate takes in about two-thirds of its revenue, the company's Laureate International Universities failed last year in its appeal of Chile's National Accreditation Commission's decision to strip it of accreditation for the Santiago-based Universidad de Las Americas. The commission pointed to low graduation rates, a sharp increase in student enrollment without faculty numbers keeping pace and low faculty salaries.
Speaking of Laureate executives, Ainslie said: "They're compensated for revenue and getting students through the door. They're compensated purely for quantity."
"You need a highly educated person in the classroom, with reasonably small numbers of people, in order to really produce a quality product, and it's incredibly hard to do that in a way that makes a profit." -Andrew Ainslie, dean of the Simon Business School at the University of RochesterA Laureate spokesperson declined to comment on specifics about the schools in Chile and Brazil, citing the impending IPO, but noted the student body at IBMR represented less than 5 percent of the 265,000 students at Laureate schools in Brazil.
In its IPO, Laureate appears ready to blunt criticism far and near, both by acknowledging the criticism and vowing to deliver quality education at low cost to students who wouldn't be able to go to college otherwise.
"It seems as if they anticipate all the attacks that they're going to receive on the kind of bad impression people probably have about this company going into it, and they're trying to differentiate themselves from that from the get-go," said Matt Kennedy, an analyst at Renaissance Capital, a manager of IPO-focused funds in Greenwich, Connecticut.
The next big thing in benefits: student debt help
In fact, many of Laureate's numbers are not as bad as critics imply.
At Walden, for example, the U.S. Department of Education's "College Scorecard" website says the median annual income of graduates 10 years after getting their degree is $54,900. That's higher than for the University of Texas at Austin, one of the nation's top public universities, and $100 more than graduates of Rutgers University's flagship New Brunswick campus make.
Nor does Walden spend an unusual amount on marketing or top executive salaries. Laureate spent $290.8 million, or 6.6 percent of revenue, on marketing in 2014. At Harvard, administrators spent $721 million, about 16 percent of its $4.5 billion budget for 2014-15, on "institutional support," a non-instructional category that mostly pays for fundraising. Laureate competitor Apollo spent just under 20 percent of its revenue on sales and marketing during the fiscal year ending Aug. 31.
Becker earns shy of $1 million in salary — less than what Notre Dame pays head football coach Brian Kelly, and less than a number of college presidents who have topped $1 million a year. Becker's total compensation of $2.7 million is about a third of what the University of Alabama pays Nick Saban to coach its football team.
Can a for-profit Ed company do good?
Laureate also seeks to distinguish itself from the for-profit pack through a designation as a "public benefit corporation," a form of corporate organization authorized under a 2010 law, which means a company must commit to doing social good in its incorporation filing. In practice, that means Laureate will tell prospective shareholders it has to put students' interests ahead of profits, Becker said in his letter.
"As a leader in this field, we are required to operate with the highest integrity and the deepest commitment to social responsibility," Becker wrote. "This has always caused us to have a culture that combines the 'head' of a business enterprise — scalable, efficient and accountable for measurable results, with the 'heart' of a nonprofit organization dedicated to improving lives and benefiting society."
Making money doing good 12:31 PM ET Fri, 11 Dec 2015 | 01:22
That's no sure recipe for success. Online craft mall Etsy.com has received B corporation certification three years before its April IPO, but its stock has lost almost two-thirds of its value since surging on its first day of trading. At Renaissance, Kennedy notes that Moody's recently cut Laureate's already below-investment grade bond rating — the lion's share of its debt comes due by 2018, and the $100 million IPO by itself is too small to make much difference. "I think investors believe their outlook isn't particularly bright," Kennedy said.
Rebekah Hall has had more than her fill of Laureate. After three years of online study at Walden University, the 34-year-old San Diego resident is quitting, even though she owes $75,000 for loans she took out for training she said the school promised would lead to a Ph.D. in forensic psychology, a claim Hall says was oversold.
Walden has offered a Ph.D. degree in psychology with a specialization in forensic psychology since the fall of 2011, according to Laureate spokeswoman Tamara Chumley. Chumley said in an email to CNBC that as indicated on its website, this program does not lead to licensure, and therefore it is not intended to lead to a career in treating patients. "This program leads to possible careers as a researcher or consultant in law enforcement, government, education and nonprofit sectors. To be sure our prospective and new students are fully aware of this program's purpose at the time of enrollment, we require all new students to acknowledge in writing their understanding that this program does not lead to licensure," the spokeswoman said.
Hall said she struggled to reach faculty members and advisors she didn't regularly meet in person. When she did hear back, it was often in the form of condescending criticism or documents running hundreds of pages long, she said.
Chumley said, "Looking at national research, the receipt of a doctoral degree can be a long and rigorous process. At Walden, we are committed to providing the support necessary for our students to be successful."
Hall said she's jobless and sleeping on a friend's couch after losing her apartment and selling her car, motorcycle and most of her other possessions.
"This school's a joke," Hall said. "The degree wouldn't even be useful if I did end up getting it. At this rate, I would not be able to graduate, due to the debt, and I have no idea what to do."
Here is why when we see photos of groups of freemasons pretending to protect 99% of white citizens having their jobs and small businesses killed vs groups of freemasons pretending to protect those global immigrant black, white, or brown 99%--
IT IS ALL KABUKI THEATER-----THOSE WHITE FREEMASON 5% HAVE BEEN PLAYERS THESE FEW DECADES JUST AS HAS THOSE BLACK AND BROWN----THOSE JEWISH FREEMASON 5% HAVE BEEN PLAYERS THESE FEW DECADES JUST AS HAS THE MUSLIM AND CHRISTIAN FAKE 5% RELIGIOUS PLAYERS.
Here we see a typical right wing explanation of who are the bad guys.......the global 1% are those OLD WORLD MERCHANTS OF VENICE AND FORMER KINGS AND QUEENS----of Western and Eastern Europe----of Russia-----of China and the OLD WORLD SPICE trading global 1% Asian nations----the African OLD WORLD MERCHANTS OF VENICE tied to MIDDLE-EAST as well as northern Africa.
This is the global 1% partnered with these GLOBAL CENTRAL BANKS-----tied to WORLD BANK/IMF ---tied to UNITED NATIONS. So, no one global banker---like the Rothchild's are responsible---they have a big hold on global banking---but there are plenty of white, black, and brown global 1% bankers.
All of this is conspiracy against WE THE PEOPLE THE 99%----it is indeed conspiracy and treason against our US sovereignty by global 1% and the 5% GREEKS AND FREEMASON players.
THIS SUBPRIME MORTGAGE FRAUD DESIGNED BY CLINTON-ERA NEO-LIBERAL CABINET AND FEDERAL AGENCY APPOINTEES-----BUILT THE PLATFORM ---AND BUSH AND OBAMA SENT THESE MORTGAGE LOAN FRAUDS SOARING---TRUMP IS SIMPLY MOVING FORWARD SAME US REAL ESTATE FRAUDS.
It is the right wing media that will tie any of these GLOBAL 1% ONE WORLD ONE GOVERNANCE OLD WORLD MERCHANTS OF VENICE attacks on US to any ONE population group----REAL left social progressives have for decades shouted ALL 5% PLAYERS ACROSS EACH POPULATION GROUP as the bad guys----please don't fall for 5% trying to make all this the fault of the other population group---the global 1% could not have done this without buying those 5% white, black, and brown citizens.
THIS IS A LONG ARTICLE---PLEASE GLANCE THROUGH TO GET AN IDEA OF WHAT GOAL IS BEHIND MASSIVE REAL ESTATE MORTGAGE LOAN FRAUD------
The Federal Reserve Cartel, Part II: The Freemason Bank of the US & The House of Rothschild
Posted on Jun 14, 2011 in Blog, Editorials, & Thoughts, Featured Articles, Federal Reserve & BankersTruthisTreason.net – Kevin HaydenSource: Dean Henderson via BlackListedNews.com
In 1789 Alexander Hamilton became the first Treasury Secretary of the United States. Hamilton was one of many Founding Fathers who were Freemasons. He had close relations with the Rothschild family which owns the Bank of England and leads the European Freemason movement. George Washington, Benjamin Franklin, John Jay, Ethan Allen, Samuel Adams, Patrick Henry, John Brown and Roger Sherman were all Masons.
Roger Livingston helped Sherman and Franklin write the Declaration of Independence. He gave George Washington his oaths of office while he was Grand Master of the New York Grand Lodge of Freemasons. Washington himself was Grand Master of the Virginia Lodge. Of the General Officers in the Revolutionary Army, thirty-three were Masons. This was highly symbolic since 33rd Degree Masons become Illuminated. 
Populist founding fathers led by John Adams, Thomas Jefferson, James Madison and Thomas Paine- none of whom were Masons- wanted to completely severe ties with the British Crown, but were overruled by the Masonic faction led by Washington, Hamilton and Grand Master of the St. Andrews Lodge in Boston General Joseph Warren, who wanted to “defy Parliament but remain loyal to the Crown”. St. Andrews Lodge was the hub of New World Masonry and began issuing Knights Templar Degrees in 1769. 
All US Masonic lodges are to this day warranted by the British Crown, whom they serve as a global intelligence and counterrevolutionary subversion network. Their most recent initiative is the Masonic Child Identification Program (CHIP). According to Wikipedia, the CHIP programs allow parents the opportunity to create a kit of identifying materials for their child, free of charge. The kit contains a fingerprint card, a physical description, a video, computer disk, or DVD of the child, a dental imprint, and a DNA sample.
The First Continental Congress convened in Philadelphia in 1774 under the Presidency of Peyton Randolph, who succeeded Washington as Grand Master of the Virginia Lodge. The Second Continental Congress convened in 1775 under the Presidency of Freemason John Hancock. Peyton’s brother William succeeded him as Virginia Lodge Grand Master and became the leading proponent of centralization and federalism at the First Constitutional Convention in 1787. The federalism at the heart of the US Constitution is identical to the federalism laid out in the Freemason’s Anderson’s Constitutions of 1723. William Randolph became the nation’s first Attorney General and Secretary of State under George Washington. His family returned to England loyal to the Crown. John Marshall, the nation’s first Supreme Court Justice, was also a Mason. 
When Benjamin Franklin journeyed to France to seek financial help for American revolutionaries, his meetings took place at Rothschild banks. He brokered arms sales via German Mason Baron von Steuben. His Committees of Correspondence operated through Freemason channels and paralleled a British spy network. In 1776 Franklin became de facto Ambassador to France. In 1779 he became Grand Master of the French Neuf Soeurs (Nine Sisters) Lodge, to which John Paul Jones and Voltaire belonged. Franklin was also a member of the more secretive Royal Lodge of Commanders of the Temple West of Carcasonne, whose members included Frederick Prince of Whales. While Franklin preached temperance in the US, he cavorted wildly with his Lodge brothers in Europe. Franklin served as Postmaster General from the 1750’s to 1775 – a role traditionally relegated to British spies. 
With Rothschild financing Alexander Hamilton founded two New York banks, including Bank of New York.  He died in a gun battle with Aaron Burr, who founded Bank of Manhattan with Kuhn Loeb financing. Hamilton exemplified the contempt which the Eight Families hold towards common people, once stating, “All communities divide themselves into the few and the many. The first are the rich and the well born, the others the mass of the people…The people are turbulent and changing; they seldom judge and determine right. Give therefore to the first class a distinct, permanent share of government. They will check the unsteadiness of the second.”
Hamilton was only the first in a series of Eight Families cronies to hold the key position of Treasury Secretary. In recent times Kennedy Treasury Secretary Douglas Dillon came from Dillon Read (now part of UBS Warburg). Nixon Treasury Secretaries David Kennedy and William Simon came from Continental Illinois Bank (now part of Bank of America) and Salomon Brothers (now part of Citigroup), respectively. Carter Treasury Secretary Michael Blumenthal came from Goldman Sachs, Reagan Treasury Secretary Donald Regan came from Merrill Lynch (now part of Bank of America), Bush Sr. Treasury Secretary Nicholas Brady came from Dillon Read (UBS Warburg) and both Clinton Treasury Secretary Robert Rubin and Bush Jr. Treasury Secretary Henry Paulson came from Goldman Sachs. Obama Treasury Secretary Tim Geithner worked at Kissinger Associates and the New York Fed.
Thomas Jefferson argued that the United States needed a publicly-owned central bank so that European monarchs and aristocrats could not use the printing of money to control the affairs of the new nation. Jefferson extolled, “A country which expects to remain ignorant and free…expects that which has never been and that which will never be. There is scarcely a King in a hundred who would not, if he could, follow the example of Pharaoh – get first all the people’s money, then all their lands and then make them and their children servants forever…banking establishments are more dangerous than standing armies. Already they have raised up a money aristocracy.” Jefferson watched as the Euro-banking conspiracy to control the United States unfolded, weighing in, “Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery”. [7[
But the Rothschild-sponsored Hamilton’s arguments for a private US central bank carried the day. In 1791 the Bank of the United States (BUS) was founded, with the Rothschilds as main owners. The bank’s charter was to run out in 1811. Public opinion ran in favor of revoking the charter and replacing it with a Jeffersonian public central bank. The debate was postponed as the nation was plunged by the Euro-bankers into the War of 1812. Amidst a climate of fear and economic hardship, Hamilton’s bank got its charter renewed in 1816.
Old Hickory, Honest Abe & Camelot
In 1828 Andrew Jackson took a run at the US Presidency. Throughout his campaign he railed against the international bankers who controlled the BUS. Jackson ranted, “You are a den of vipers. I intend to expose you and by Eternal God I will rout you out. If the people understood the rank injustices of our money and banking system there would be a revolution before morning.”
Jackson won the election and revoked the bank’s charter stating, “The Act seems to be predicated on an erroneous idea that the present shareholders have a prescriptive right to not only the favor, but the bounty of the government…for their benefit does this Act exclude the whole American people from competition in the purchase of this monopoly. Present stockholders and those inheriting their rights as successors be established a privileged order, clothed both with great political power and enjoying immense pecuniary advantages from their connection with government. Should its influence be concentrated under the operation of such an Act as this, in the hands of a self-elected directory whose interests are identified with those of the foreign stockholders, will there not be cause to tremble for the independence of our country in war…controlling our currency, receiving our public monies and holding thousands of our citizens independence, it would be more formidable and dangerous than the naval and military power of the enemy. It is to be regretted that the rich and powerful too often bend the acts of government for selfish purposes…to make the rich richer and more powerful. Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by acts of Congress. I have done my duty to this country.”
Populism prevailed and Jackson was re-elected. In 1835 he was the target of an assassination attempt. The gunman was Richard Lawrence, who confessed that he was, “in touch with the powers in Europe”. 
Still, in 1836 Jackson refused to renew the BUS charter. Under his watch the US national debt went to zero for the first and last time in our nation’s history. This angered the international bankers, whose primary income is derived from interest payments on debt. BUS President Nicholas Biddle cut off funding to the US government in 1842, plunging the US into a depression. Biddle was an agent for the Paris-based Jacob Rothschild. 
The Mexican War was simultaneously sprung on Jackson. A few years later the Civil War was unleashed, with London bankers backing the Union and French bankers backing the South. The Lehman family made a fortune smuggling arms to the south and cotton to the north. By 1861 the US was $100 million in debt. New President Abraham Lincoln snubbed the Euro-bankers again, issuing Lincoln Greenbacks to pay Union Army bills.
The Rothschild-controlled Times of London wrote, “If that mischievous policy, which had its origins in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe.” 
The Euro-banker-written Hazard Circular was exposed and circulated throughout the country by angry populists. It stated, “The great debt that capitalists will see is made out of the war and must be used to control the valve of money. To accomplish this government bonds must be used as a banking basis. We are now awaiting Secretary of Treasury Salmon Chase to make that recommendation. It will not allow Greenbacks to circulate as money as we cannot control that. We control bonds and through them banking issues”.
The 1863 National Banking Act reinstated a private US central bank and Chase’s war bonds were issued. Lincoln was re-elected the next year, vowing to repeal the act after he took his January 1865 oaths of office. Before he could act, he was assassinated at the Ford Theatre by John Wilkes Booth. Booth had major connections to the international bankers. His granddaughter wrote This One Mad Act, which details Booth’s contact with “mysterious Europeans” just before the Lincoln assassination.
Following the Lincoln hit, Booth was whisked away by members of a secret society known as Knights of the Golden Circle (KGC). KGC had close ties to the French Society of Seasons, which produced Karl Marx. KGC had fomented much of the tension that caused the Civil War and President Lincoln had specifically targeted the group. Booth was a KGC member and was connected through Confederate Secretary of State Judah Benjamin to the House of Rothschild. Benjamin fled to England after the Civil War. 
Nearly a century after Lincoln was assassinated for issuing Greenbacks, President John F. Kennedy found himself in the Eight Families’ crosshairs. Kennedy had announced a crackdown on off-shore tax havens and proposed increases in tax rates on large oil and mining companies. He supported eliminating tax loopholes which benefit the super-rich. His economic policies were publicly attacked by Fortune magazine, the Wall Street Journal and both David and Nelson Rockefeller. Even Kennedy’s own Treasury Secretary Douglas Dillon, who came from the UBS Warburg-controlled Dillon Read investment bank, voiced opposition to the JFK proposals. 
Kennedy’s fate was sealed in June 1963 when he authorized the issuance of more than $4 billion in United States Notes by his Treasury Department in an attempt to circumvent the high interest rate usury of the private Federal Reserve international banker crowd. The wife of Lee Harvey Oswald, who was conveniently gunned down by Jack Ruby before Ruby himself was shot, told author A. J. Weberman in 1994, “The answer to the Kennedy assassination is with the Federal Reserve Bank. Don’t underestimate that. It’s wrong to blame it on Angleton and the CIA per se only. This is only one finger on the same hand. The people who supply the money are above the CIA”. 
Fueled by incoming President Lyndon Johnson’s immediate escalation of the Vietnam War, the US sank further into debt. Its citizens were terrorized into silence. If they could kill the President they could kill anyone.
The House of Rothschild
The Dutch House of Orange founded the Bank of Amsterdam in 1609 as the world’s first central bank. Prince William of Orange married into the English House of Windsor, taking King James II’s daughter Mary as his bride. The Orange Order Brotherhood, which recently fomented Northern Ireland Protestant violence, put William III on the English throne where he ruled both Holland and Britain. In 1694 William III teamed up with the UK aristocracy to launch the private Bank of England.
The Old Lady of Threadneedle Street- as the Bank of England is known- is surrounded by thirty foot walls. Three floors beneath it the third largest stock of gold bullion in the world is stored. 
The Rothschilds and their inbred Eight Families partners gradually came to control the Bank of England. The daily London gold “fixing” occurred at the N. M. Rothschild Bank until 2004. As Bank of England Deputy Governor George Blunden put it, “Fear is what makes the bank’s powers so acceptable. The bank is able to exert its influence when people are dependent on us and fear losing their privileges or when they are frightened.”
Mayer Amschel Rothschild sold the British government German Hessian mercenaries to fight against American Revolutionaries, diverting the proceeds to his brother Nathan in London, where N.M. (Nathan and Mayer) Rothschild & Sons was established. Mayer was a serious student of Cabala and launched his fortune on money embezzled from William IX- royal administrator of the Hesse-Kassel region and a prominent Freemason.
Rothschild-controlled Barings bankrolled the Chinese opium and African slave trades. It financed the Louisiana Purchase. When several states defaulted on its loans, Barings bribed Daniel Webster to make speeches stressing the virtues of loan repayment. The states held their ground, so the House of Rothschild cut off the money spigot in 1842, plunging the US into a deep depression. It was often said that the wealth of the Rothschilds depended on the bankruptcy of nations. Mayer Amschel Rothschild once said, “I care not who controls a nation’s political affairs, so long as I control her currency”.
War didn’t hurt the family fortune either. The House of Rothschild financed the Prussian War, the Crimean War and the British attempt to seize the Suez Canal from the French. Nathan Rothschild made a huge financial bet on Napoleon at the Battle of Waterloo, while also funding the Duke of Wellington’s peninsular campaign against Napoleon. Both the Mexican War and the Civil War were goldmines for the family.
One Rothschild family biography mentions a London meeting where an “International Banking Syndicate” decided to pit the American North against the South as part of a “divide and conquer” strategy. German Chancellor Otto von Bismarck once stated, “The division of the United States into federations of equal force was decided long before the Civil War. These bankers were afraid that the United States…would upset their financial domination over the world. The voice of the Rothschilds prevailed.” Rothschild biographer Derek Wilson says the family was the official European banker to the US government and strong supporters of the Bank of the United States. 
Family biographer Niall Ferguson notes a “substantial and unexplained gap” in private Rothschild correspondence between 1854-1860. He says all copies of outgoing letters written by the London Rothschilds during this Civil War period “were destroyed at the orders of successive partners”. 
French and British troops had, at the height of the Civil War, encircled the US. The British sent 11,000 troops to Crown-controlled Canada, which gave safe harbor to Confederate agents. France’s Napoleon III installed Austrian Hapsburg family member Archduke Maximilian as his puppet emperor in Mexico, where French troops massed on the Texas border. Only an 11th-hour deployment of two Russian warship fleets by US ally Czar Alexander II in 1863 saved the United States from re-colonization. 
That same year the Chicago Tribune blasted, “Belmont (August Belmont was a US Rothschild agent and had a Triple Crown horse race named in his honor) and the Rothschilds…who have been buying up Confederate war bonds.”
Salmon Rothschild said of a deceased President Lincoln, “He rejects all forms of compromise. He has the appearance of a peasant and can only tell barroom stories.” Baron Jacob Rothschild was equally flattering towards the US citizenry. He once commented to US Minister to Belgium Henry Sanford on the over half a million Americans who died during the Civil War, “When your patient is desperately sick, you try desperate measures, even to bloodletting.” Salmon and Jacob were merely carrying forth a family tradition. A few generations earlier Mayer Amschel Rothschild bragged of his investment strategy, “When the streets of Paris are running in blood, I buy”. 
Mayer Rothschild’s sons were known as the Frankfurt Five. The eldest – Amschel – ran the family’s Frankfurt bank with his father, while Nathan ran London operations. Youngest son Jacob set up shop in Paris, while Salomon ran the Vienna branch and Karl was off to Naples. Author Frederick Morton estimates that by 1850 the Rothschilds were worth over $10 billion.  Some researchers believe that their fortune today exceeds $100 trillion.
The Warburgs, Kuhn Loebs, Goldman Sachs, Schiffs and Rothschilds have intermarried into one big happy banking family. The Warburg family- which controls Deutsche Bank and BNP– tied up with the Rothschilds in 1814 in Hamburg, while Kuhn Loeb powerhouse Jacob Schiff shared quarters with Rothschilds in 1785. Schiff immigrated to America in 1865. He joined forces with Abraham Kuhn and married Solomon Loeb’s daughter. Loeb and Kuhn married each others sisters and the Kuhn Loeb dynasty was consummated. Felix Warburg married Jacob Schiff’s daughter. Two Goldman daughters married two sons of the Sachs family, creating Goldman Sachs. In 1806 Nathan Rothschild married the oldest daughter of Levi Barent Cohen, a leading financier in London.  Thus, Merrill Lynch super-bull Abby Joseph Cohen and Clinton Secretary of Defense William Cohen are likely descended from Rothschilds.
Today the Rothschild’s control a far-flung financial empire, which includes majority stakes in most world central banks. The Edmond de Rothschild clan owns the Banque Privee SA in Lugano, Switzerland and the Rothschild Bank AG of Zurich. The family of Jacob Lord Rothschild owns the powerful Rothschild Italia in Milan. They are founding members of the exclusive $10 trillion Club of the Isles – which controls corporate giants Royal Dutch Shell, Imperial Chemical Industries, Lloyds of London, Unilever, Barclays, Lonrho, Rio Tinto Zinc, BHP Billiton and Anglo American DeBeers. It dominates the world supply of petroleum, gold, diamonds, and many other vital raw materials. 
The Club of the Isles provides capital for George Soros’ Quantum Fund NV – which made a killing in 1998-99 destroying the currencies of Thailand, Indonesia and Russia. Soros was a major shareholder at George W. Bush’s Harken Energy. Quantum NV operates from the Dutch island of Curacao, in the shadow of recently shuttered Royal Dutch/Shell and Exxon Mobil refineries. Curacao was recently cited by an OECD Task Force on Money Laundering as a major drug money laundering nation. The Club of Isles is led by the Rothschilds and includes Queen Elizabeth II and other wealthy European aristocrats and Black Nobility. Fugitive Swiss financier and Mossad cutout Marc Rich, whose business interests were recently taken over by the Russian mafia Alfa Group, is also part of the Soros network. 
Ties to drug money are nothing new to the Rothschilds. N. M. Rothschild & Sons was at the epicenter of the Bank of Credit & Commerce International (BCCI) scandal, but escaped the limelight when a warehouse full of documents conveniently burned to the ground around the time Rothschild-controlled Bank of England shut BCCI down.
Recent Rothschild endeavors include the backing of Russian oligarch Mikhail Khodorkovsky, control over Blackstone Group (see “…The 911 Short Selling Financial Scam”: globalresearch.ca/index.php?context=va&aid=24687), and the takeover of giant Swiss oil trader Glencore.
Perhaps the largest repository for Rothschild wealth today is Rothschilds Continuation Holdings AG – a secretive Swiss-based bank holding company. By the late 1990s scions of the Rothschild global empire were Barons Guy and Elie de Rothschild in France and Lord Jacob and Sir Evelyn Rothschild in Britain. 
Evelyn was chairman of the Economist and a director at DeBeers and IBM UK.
Jacob backed Arnold Schwarzenegger’s California gubernatorial campaign. He took control of Khodorkovsky’s YUKOS oil shares just before the Russian government arrested him. In 2010 Jacob joined Rupert Murdoch in a shale oil extraction partnership in Israel through Genie Energy – a subsidiary of IDT Corporation. 
Within months, Sarah Palin had hired former IDT executive Michael Glassner as her chief of staff.  Is Palin the Rothschild choice in 2012?
DUBAI is simply global banking's location in what used to be the ROMAN EMPIRE'S PERSIAN/ARABIA empire---and yes, it has those OLD WORLD MERCHANTS OF VENICE global 1% pretending to be MUSLIM but being those global 1% FREEMASONS.
DUBAI is not safe from the collapsing global economy----trading US dollar for Dubai---trading US dollars for Chinese----not helping----what we see is real estate trading using subprime mortgage loan frauds here in US to attain properties in Middle-East----we posted how a grad of Stanford went back to United Arab Emirates to build that first SMART HOUSES SMART CITIES for thousands of global 99%=====where did all these real estate deals for global developers stem? YOU BETCHA---THESE US TREASURY SUBPRIME MORTGAGE LOAN FRAUDS-----what real estate did these UAE global 1% get in US cities for doing these global 1% development SMART CITIES MOVING FORWARD deals?
THIS IS WHAT KILLS OUR LOCAL US ECONOMIES AND WE THE PEOPLE THE 99% WILL NEVER PARTICIPATE AGAIN AS ACTIVE CITIZENS HAVING RIGHTS TO PROPERTY---RIGHTS OF PROTECTION FROM RULE OF LAW IF THESE 5% TO THE 1% KEEP MOVING FORWARD REAL ESTATE FRAUDS IN OUR US CITIES DEEMED FOREIGN ECONOMIC ZONES.
I do not hear one KKK RIGHT WING WHITE SUPREMACY GROUP SHOUTING AGAINST GLOBAL JOHNS HOPKINS, BALTIMORE DEVELOPMENT, GREATER BALTIMORE DEVELOPMENT---THE SOURCE OF STAGNANT/CRONY US ECONOMY
Below we see this statement is setting up all 99% of African/Middle-East/foreign 99% tying themselves to DUBAI money being staged to go under the bus same as all global banking-----who wants real estate in what will be LEVEL 5 CLIMATE CHANGES' EARLIEST VICTIMS--these global 1% FAKE MUSLIMS are heading to SIBERIA AND NORWAY.
'The institute describes a debt-to-GDP ratio of more than 70 percent as "very high indeed". With an uncanny ability to shake off previous downturns in the economy, Dubai will nevertheless have to manage its debt strategy carefully, fundamental to which is maintaining the support of creditors.
Exotix's Shaheen says the recent events may have soured opinion.
"The application of Decree 57 is an indication of Dubai World's reluctance to incentivise minority creditors, preferring instead to rely on the support of its core base of local bank lenders to cramdown any holdouts,"
This is how CLINTON/BUSH/OBAMA NOW TRUMP IS MOVING FORWARD NEW WORLD ORDER in US-----all driven by massive systemic mortgage loan frauds over these few decades
Business & Economy6 February 2015
Are Dubai's debt storm clouds gathering again?
Action by a state-owned company and the fall in oil prices has placed Dubai’s $140bn debt load under scrutiny.Mark Townsend |Dubai's debt burden is once more the focus of attention after the state-owned investment firm Dubai World invoked legislation to push through a deal to reschedule $14.6bn in debt. It is the second restructuring in four years through Decree 57, a provision allowing Dubai World to seek ratification at a special tribunal after garnering the support of more than 66.67 percent of creditors by value, the trigger point for a deal.
The move, seen by some as controversial, permits the company to impose a deal on creditors in a process known as "cramdown". Analysts say the development may undermine confidence, but Doug Bitcon, head of fixed income funds at Rasmala Investment Bank, believes there was little choice.
"The composition of creditors has changed over time," Bitcon told Al Jazeera. "Some may have agendas which are not conducive to a rapid conclusion of the restructuring process. It is not surprising [Dubai World] enacted Decree 57."
Under the terms, Dubai World will make an early repayment of $2.92bn due in September and extend payment of debt that would become due in 2018 to 2022. In January, the company said it had reached an agreement with a "substantial majority" and "made a voluntary arrangement notification under Decree 57" that included increased pricing and additional collateral.
Counting the Cost - In debt but building the future
The Dubai World tribunal was created to administer the first restructuring under the jurisdiction of a Dubai International Financial Centre court. Ahmed Shaheen, the associate director of fixed income sales and trading at Exotix Partners, was critical of the deal.
"The Dubai World restructuring has been forcefully implemented. This is the second round of restructuring and although returns have marginally improved, this improvement comes from a very low base," Shaheen told Al Jazeera.
"My belief is that creditors should enjoy some form of equity participation on the second round, having borne the brunt of an aggressive restructuring the first time."
In 2009, Dubai World convulsed global financial markets after seeking a standstill on $25bn in debt. Shortly afterwards, Abu Dhabi, in the guise of the UAE central bank and Abu Dhabi-owned financial institutions, threw it a lifeline of $20bn. Even so, the ambitious emirate has racked up more than $140bn in debt, according to the Institute of International Finance - fuelling a real-estate bubble that burst in 2008 causing prices to tumble by 50 percent.
Dubai has since worked hard to rebuild trust, putting in place governance reforms and improving transparency to international norms. Its economy has also bounced back, buoyed by its perceived status as a safe haven and benefiting from a boom in trade, logistics and tourism.
Nevertheless, investor sentiment is being tested after another state-owned firm, Limitless, missed a repayment of $400m, due at the end of 2014. It is in talks to restructure $1.2bn in debt and is seeking the backing of 100 percent of creditors. Credit default swaps, a financial instrument for swapping the risk of debt default, rose to 250 mid basis points (bps) following the Decree 57 announcement after trading at 170 bps towards the end of 2014, according to data from S&P Capital IQ CDS.
Total debt including GRE's is over $140bn, equivalent to about 132 percent of GDP. Dubai World obligations, which are not direct Dubai government obligations, stood at about $30bn.
Giyas Gokkent, Institute for International Finance
The trouble for Dubai is that its debt position is not helped by the fall in oil prices, which have more than halved since June. Although it does not rely on oil revenues, it is indirectly exposed as state-backed companies, known as government related entities (GREs), depend heavily on fees generated from corporate activity, which is susceptible to the decline in oil prices.
Local press in the UAE recently reported that 150 real-estate projects were listed as cancelled. In an alert published in December, Capital Economics noted: "The longer oil prices remain low the more likely it is that GREs will struggle to repay their debts."
In its last assessment, the International Monetary Fund estimated Dubai GREs had a total of $54bn in debt, due between 2015 and 2018, but early repayments have reduced that by around 25 percent, Capital Economic estimates. "Although the debt repayment schedule may now be less arduous at more than 50 percent of Dubai's GDP, GRE debts are still large," it added.
Low oil prices could also deter Abu Dhabi from coming to the rescue of Dubai Capital Economics claims, although that looks unlikely given its substantial reserves. There is an expectation that Dubai will seek further borrowings for hosting Expo 2020, which Standard Chartered estimates will cost between $8bn and $9bn.
The government says it expects to draw 25 million visitors, placing it far ahead of major tourist destinations such as London and Paris.
But Dubai's debts are onerous in relation to the country's gross domestic product, according to Giyas Gokkent of the Institute for International Finance. "Total debt including GRE's is over $140bn, equivalent to about 132 percent of GDP. Dubai World obligations, which are not direct Dubai government obligations, stood at about $30bn."
The institute describes a debt-to-GDP ratio of more than 70 percent as "very high indeed". With an uncanny ability to shake off previous downturns in the economy, Dubai will nevertheless have to manage its debt strategy carefully, fundamental to which is maintaining the support of creditors.
Exotix's Shaheen says the recent events may have soured opinion.
"The application of Decree 57 is an indication of Dubai World's reluctance to incentivise minority creditors, preferring instead to rely on the support of its core base of local bank lenders to cramdown any holdouts," Shaheen said. "That might serve the company's interests today and get the deal done, but sets a poor precedent for the future restructurings of Dubai World subsidiaries."
Maryland courts are front and center in MOVING FORWARD these ONE WORLD real estate deals------we were first to rule MERS was legal when it was absolute fraud------and we are first to forgive a percentage of all this debt placed on the low-income moving that debt to Federal agencies and away from PROFESSIONAL UNQUALIFIED MORTGAGE LOAN ORIGINATOR VICTIM............
'In October, U.S. District Court Judge Marvin J. Garvis in Maryland dismissed four of the counts from the plaintiffs alleging breach of state consumer protection laws. The plaintiffs are seeking tuition refunds, payment of loan debt incurred while attending Walden and litigation costs'.
Are Maryland courts protecting CONSUMERS---or protecting the organized crime tied to fraudulent mortgage loans? THAT'S RIGHT---NOT LEFT SOCIAL PROGRESSIVE but far-right wing making the global 1% PROGRESSIVELY RICHER.
Call me SKEPTICAL ------since Prince George's County is that global labor pool pipeline for 99% of immigrants and that global 1% and their 2%-----when we hear our Syrian and many other MUSLIM nation 99% immigrants shouting they are being sent to foreclosure --------we can be sure a global 1% is doing these same subprime mortgage loan scams on their 99% as global Johns Hopkins, Baltimore Development and our Baltimore 5% to the 1% does on our US white and black citizens.
WE ARE NOT BEING RACIST IN ASKING WHAT THIS GLOBAL 1% OR 2% WILL DO IN OUR PRINCE GEORGE'S ZONING AND PERMITTING OFFICE----SAME AS WHAT OCCURS IN BALTIMORE'S ZONING AND PERMITTING---
Who shouts against all these development frauds and injustices? The same global Wall Street Baltimore Development 'labor and justice' organizations pols and players as push these FAILED STATE ECONOMIC POLICIES.
'Dr. Haitham Hijazi, Director, DPIE is a Syrian immigrant who is an engineer with a doctorate and was appointed the head of Prince George’s new permitting, inspections and enforcement office by Mr. Rushern Baker III'.
This is for whom those global 1% UNITED NATIONS ONE WORLD ONE GOVERNANCE 'labor and justice' organizations are shaking their fists at Trump about=====and it is all to protect that global 1% killing the 99% of global labor pool citizens-----Our 5% to the 1% black/white, and brown global Wall Street player will be UNDER THE BUS shouting we are the BROTHERHOOD OF GREEKS AND FREEMASONS as they are now gentrified out-----brown citizens have been LATINO now Asian, Middle-Eastern, South Pacific 99% and their 1%.
Our 5% to the 1% black/white, and brown global Wall Street player will be UNDER THE BUS shouting we are the BROTHERHOOD OF GREEKS AND FREEMASONS as they are now gentrified out-----brown citizens have been LATINO now Asian, Middle-Eastern, South Pacific 99% and their 1%.
Please don't harm the 99% of black citizens---the 99% of white citizens---the 99% of brown citizens as WE THE PEOPLE THE 99% get angry or made fearful from MOVING FORWARD----hold that 5% to the 1% black, white, and brown ACCOUNTABLE------
Help Change The World. The Future Of The County Is Now.INTERNATIONAL GLOBAL PARTNERSHIPS – "Reform begins from the grounds up."19
Prince George’s County Foreclosures and other dead ends
Dr. Haitham Hijazi, Director, DPIE is a Syrian immigrant who is an engineer with a doctorate and was appointed the head of Prince George’s new permitting, inspections and enforcement office by Mr. Rushern Baker III.
In case you ever fantasized about making a million or few by house flipping --
There are two avowed official registries of foreclosures that take place in Prince George’s County, Maryland. One is included in the statewide registry maintained by the State of Maryland. The other is maintained by the Department of Permitting, Inspections and Enforcement (DPIE, pronounced “D-Pie,” as in “cherry pie”).
Neither registry is open to the general public. The Maryland Foreclosed Property Registry is, as stated on its website,
an online, password-protected system managed by the Office of the Commissioner of Financial Regulation in the Maryland Department of Labor, Licensing and Regulation (“DLLR”).
DLLR may grant access to the Registry only to State agencies and local jurisdictions, including counties and municipal corporations
to facilitate code enforcement, etc. The DLLR’s registry is not a before-the-fact research tool in any case; it is not a list of properties coming on the market.
Effective October 2012, in accordance with Maryland Code, Real Property Article § 14-126.1, every residential property purchased at a foreclosure sale must be registered in this system.
Purchasers are required to submit an initial registration of the property within 30 days after the foreclosure sale.
The purpose of the Maryland registry is to close the chronological records gap between the date of the foreclosure sale and the date the deed is recorded,
when unoccupied homes may fall into disrepair and it can be difficult to identify or contact the new owner.
The purchaser still has that 30-day grace period between buying a foreclosed property and submitting the registration. And again, the registry is not publicly accessible.
The information contained in the Registry is by law not a public record, and DLLR cannot grant access to the general public.
Prince George’s County
The registry maintained by the Prince George’s County Department of Permitting, Inspections and Enforcement (DPIE) is also closely held, though apparently in a different sense. DPIE’s public notice, on the agency website, explicitly tells mortgage holders to register foreclosures:
Foreclosure Property Registration FormAttention Lenders
Please register a property (residential or commercial) that is in the process of foreclosure. After the information is completed, it will be added to Prince George’s County’s Foreclosure Property Registry.
The form itself tells lenders to deliver it in person or mail it to the DPIE “Foreclosure Registration Unit” in an office condo at 1220 Caraway Court, Largo, Maryland. The form includes spaces for the name, address and contact information of the property owner; it does not include any statement or certification that the property owner has been contacted about the foreclosure.
P. G. County DPIE Foreclosed Property Registration Form
Questions have now arisen as to how the Prince George’s County foreclosure registry is used. Like the State of Maryland registry, it is not open to public view. According to a person with close knowledge of the process, “Historically,” the registry kept by DPIE has been “highly restricted.” The County foreclosure list is announced via DPIE website for the purpose of registration, but the list itself is “held very close to the vest.” Access to the registry is applied for through a Maryland Public Information Act request; form linked here. To find out about the foreclosures, you fill out the form and submit it, asking for records. The form then goes up the managerial pipeline through “appropriate channels.” Indications are that even people involved in the MPIA process are not necessarily involved in the resolution of MPIA requests, nor are they necessarily informed about requests granted or denied. The hole in the channels leaves open a realistic possibility that access to the registry may be secretive but may not always be protected. This possibility has been confirmed in interviews and conversations with County officials.
The stated rationale for holding the P. G. County foreclosure registry so closely is the danger of squatting in vacant properties. The County does not release the information on upcoming foreclosures because officials do not want to give advance notice to squatters. “You can read between the lines” as to this claim, this writer was told. I asked whether the list breaks down into foreclosures on abandoned properties and foreclosures on occupied homes. Answer: no.
Where to file if you’re foreclosing in P. G. County
Asking whether interested parties such as house flippers could access the registry, I was told, “You’re on the right track.” There is no in-house mechanism to prevent exchange of friendly influence or sharing information with flippers. Indeed, the Director of DPIE himself, Haitham Hijazi, is closely connected to more than one house-flipping company through immediate family members as well as through his ownership of property on which his relatives operate their businesses. (Previous blogs on this topic linked here and here, among others.) Dr. Hijazi has not returned messages requesting comment or information. His son Abdullah Hijazi, principal of a house-flipping company who has appeared as party and as attorney in numerous foreclosure cases, has also not replied to request for comment.
The foreclosure registry may be somewhat arcane to the general public. However, as someone with knowledge of the operating structure and the registry has said, “your information is known by a variety of people here”–meaning in the county and in county government. But–“they also know nobody’s doing anything about it.” The problems with foreclosures, the genuine phenomenon of troubled homeowners being pushed out of their homes by people with a vested interest in the houses is “Probably pretty well known among key people in the county,” I was told, but county officials cognizant of the issues seem to be covered by “teflon.”
As previously noted, Hijazi as head of the Department of Permitting, Inspections and Enforcement is one of County Executive Rushern Baker’s few holdovers from the previous county administration. Baker’s office has not yet had time to return a call requesting comment.