WHISTLEBLOWER FILES CHARGES AGAINST OBAMACARE LOOTING SCHEME

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Obama administration looted investors to fund Obamacare

| Infowars.com – MARCH 27, 2017

WASHINGTON, D.C. – A whistleblower who filed last week a formal complaint with the Federal Housing Finance Authority (FHFA) Office of Inspector General (OIG) provided Infowars.com with a document leaked from Freddie Mac that proves both Freddie Mac and Fannie Mae are currently out-of-compliance with Security and Exchange Commission (SEC) filing requirements.

The whistleblower – a CPA who worked in risk management for Freddie Mac from 2014 to 2016 – explained to Infowars.com the leaked internal document was created by Freddie Mac auditors in the preparation of Freddie Mac’s 2015 filing with the SEC of the Government Sponsored Entities (GSEs) Form 10-Q and 10-K – two SEC forms that require auditors to review and management to submit a comprehensive financial summary of the entity’s performance.

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Freddie Mac management was and is aware that the GSEs equity shares have no value due to the Net Worth Sweep (NSW) but have not disclosed this in any public filing, including not in their 10-Q and 10-K filings,” the whistleblower told Infowars.com.

“At a minimum, Freddie Mac management is complicit with FHFA in the erosion of the property rights of shareholders and likely complicit in securities fraud with FHFA, as Freddie Mac’s management has not disclosed to the public that they are aware Freddie Mac equity has zero value.”

The NWS traces to Aug. 17, 2012, the Federal Housing Financial Agency and the Department of Treasury engineered an amendment to the Senior Preferred Stock Purchase Agreements through which Treasury had invested in Fannie and Freddie to allow the U.S. Treasury to grab ALL Fannie and Freddie earnings, regardless how large Fannie and Freddie’s profits might be.

“The document leaked from Freddie Mac is an internal memo prepared by the auditors (either internal or external) to management discussing their thresholds for materiality for their testing,” the whistleblower explained. “This document was prepared for a ‘review’ (the level below an audit in terms of assurance) and is done in conjunction of filing quarterly SEC filings like the 10-Q.”

“The auditors would have met with management for interviews to allow the auditors to gain an understanding of the organization itself, its operations, financial reporting, and known fraud or error.”

On Page 8 of the leaked report, the Freddie Mac auditors and management write: “We see no value in the common shares or the junior preferred shares as the Net Worth Sweep dividend effectively prohibits Freddie Mac from rebuilding capital despite the return to operating profitability.”

No similar statement from the auditors and management of the GSE effectively considered Freddie Mac as headed toward a situation where the Treasury had robbed Freddie Mac of all shareholder value by confiscating some $260 billion from Freddie Mac and Fannie Mae since 2012 by sweeping all earnings under the NWS from the GSEs into the Treasury’s general fund.

“This is shocking because SEC regulations required the auditors and management of Freddie Mac, when reporting the GSEs audited financial statements (including 10-K and 10-Q Forms) to report their financials not as a ‘going concern,’ but as a liquidation,” the Whistleblower stressed. “Additionally, Freddie Mac management states in the report, ‘The Treasury, which holds a warrant to purchase nearly eighty percent of our common stock, has recommended that our company be wound down.”

“FHFA, as an independent agency, has a fiduciary responsibility to Freddie Mac as it ‘has all rights of stockholders’ and therefore, FHFA as an independent agency, should not be taking direction from another agency,” the Whistleblower emphasized.

“Freddie Mac management was and is aware that the equity shares have no value due to the net worth sweep but have not disclosed this in any public filing,” the Whistleblower concluded.

“At a minimum, Freddie Mac management is complicit with FHFA in the erosion of the property rights of shareholders and likely complicit in securities fraud with FHFA as Freddie Mac’s management has not disclosed that they are aware the equity has zero value.”

*(SEND IN THE CLOWN) -Schumer Enjoying Laugh At President Trump, Doesn’t Know He Just Got Played

 

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By Rick Wells

It didn’t take long for CNN attack puppy Wolf Blitzer to get the Snake of the Senate, Chuck Schumer, in front of a camera to gloat over the failure of the Republicans to get their admittedly flawed bill passed through the House.

Schumer is reveling in the moment, celebrating the perceived defeat in his typical snarky, sarcastic manner, but his day of reckoning is coming soon. As President Trump said, 2017 is going to be a very bad year for Obamacare and the Democrats now own it. When it explodes, it’s going to blow up all over Schumer and Pelosi.

The fake news propagandist feeds Schumer the scripted question, asking, “Who do you blame for their failure; I’d like for you to name names.”  An interview with Blitzer for Schumer is like a fishing trip where he stopped by the supermarket on the way and picked up some Gorton’s filets.

Schumer gleefully names two names, the prime targets for his childish boasting, saying, “Well, the bottom line is President Trump proved to be incompetent. There was no art of the deal here. Even his great technique, ‘I’ll threaten them, I’ll pull out and then they’ll come back to me didn’t work.” Actually Schumer, it’s in the process of working. Enjoy your short-lived victory celebration while you can. You’ll soon be slithering back for some Republican cover and help, groveling for a chance to kiss Mr. Trump’s ring when this Obamacare disaster implodes.

Trump’s set you up, making no secret of the fact that not one Democrat voted in favor of this replacement bill and we all know not one Republican voted for Obamacare. You, Chuckie Boy, are caught in a trap largely of your own construction. The President has done his part and you and your fellow Democrat vermin will clearly be seen as those responsible when the inevitable Obamacare collapse happens. You claim there was no art of the deal because you were so deftly played you still haven’t seen it.

Schumer compliments Speaker Ryan, his fellow establishment hack, saying, “Leader Ryan, I like him a great deal, he’s a good man, but I don’t understand how you can put a bill on the floor before so many of your members have signed off on it and don’t like it. So there’s a lot of blame, all on the Republican side.”

Is this the point where Wolf Blitzer notes that no Democrats supported the Republicans in their effort? No, of course not. He’s not going to say anything to spoil the moment or to make his brethren America-haters look bad.

Schumer engages in more personal attacks, as he hedges his bets against the upcoming disaster he had hoped the GOP would have bailed him out on. He says, “And it’s about time for the President to act like a President, not to make things worse by making Obamacare worse. It’s a good bill now [it’s a law, Chuck, you moron] he can try to make it better, that’s fine. But this idea “ha ha ha” people will suffer, that is not what a president is supposed to be.” That, as if it was worthy of comment, is not what President Trump said. He simply stated the fact that Obamacare is doomed and the time will come where Democrats are forced by reality of the mess they created to come to the table.

Schumer added insincerely, “We’re not gloating that they failed. We’re sad that, uh, they won’t work with us to improve Obamacare.”

You’re not sad now, Chuck, but wait until 2018 when the people in voting booths respond to the healthcare debacle Republicans just attempted to fix. You’ll be crying real tears for a change then. And Nancy Pelosi will be looking at retirement.

‘Obamacare will explode’ warns Trump after Republicans pull healthcare bill

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US President Donald Trump is recruiting the entire population of the US to help create a replacement for Obamacare, according to a tweet in which the president warns the healthcare act is a ticking time bomb.

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In the tweet sent Saturday, Trump warned “ObamaCare will explode” but told people not to worry as “we will all get together and piece together a great healthcare plan.” Trump’s words imply that his own healthcare proposal, which was withdrawn on Friday after it failed to shore up enough votes in support, is no longer in the running.

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Trump has supported “exploding” Obamacare, also known as The Patient Protection and Affordable Health Care Act, this week, telling the Washington Post “The best thing politically is to let Obamacare explode.”

READ MORE: ‘Just don’t have consensus’: Republicans pull healthcare bill ahead of House vote

Trump distanced himself from increases in medical costs for those under the act, claiming it remains “totally the property of the Democrats” and that “when people get a 200 percent increase next year or a 100 percent or 70 percent, that’s their fault.”

Some people used Trump’s comments to remind him of a tweet he sent in 2013.

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That tweet came after Congress passed a Senate deal to avert the fiscal cliff, which saw then-President Barack Obama reach a compromise with Republicans on key promises he made during his election.

The legacy of Obamacare, which Trump promised to repeal during the election, has proved difficult to escape for Republicans. Bernie Sanders, vocal in his opposition to the GOP’s proposed replacement, praised its defeat and described it as “disastrous.”

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Republicans were further embarrassed by the defeat when advertisements aired during several basketball games on Friday, thanking them for repealing Obamacare. The ads came just hours after House Speaker Paul Ryan admitted“we’re going to be living with Obamacare for the foreseeable future.”

The ads were paid for by the conservative nonprofit group American Action Network, whose officials also run the Congressional Leadership Fund super PAC.

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McCain Pops Off on Trump in Brussels…

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By Kimberly Dozier

BRUSSELS—Republican Senator John McCain revealed he hasn’t met the President Donald Trump in person since he took office, and he urged Trump to reach out to his opponents—Democratic and otherwise—ala Ronald Reagan if he wants to repeal Obamacare.

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“Do some outreach. Get to know some of these Democratic leaders,” he said. “You can find common ground.” McCain said he’d met Trump “some years ago” when he was a businessman, but had not met him since. McCain said he did speak “almost daily” to National Security Adviser Lt. Gen. H.R. McMaster and Defense Secretary Jim Mattis, however.

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“He doesn’t seem to be that upset that he’s not talking to him,” said German Marshall Fund’s Derek Chollet, a former Obama Pentagon official. “He’s trying to run U.S. defense policy through Mattis and effectively ignore Trump.”

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The White House did not immediately respond to requests for comment.

The senior Republican and vociferous Trump critic said Trump’s tweet storms had caused “a great deal of uncertainty” about who advises the president. “Who drives the tweets at 6am in the morning?” he said, speaking at the German Marshall Fund’s Brussels Forum. He also expressed concerns, as head of the Senate Armed Services Committee, about the Trump campaign’s alleged ties to Moscow, and repeated his call for an independent committee to investigate such matters after House Intelligence Chairman Devin Nunes disclosed that he thought Trump’s communications may have been inadvertently listened to by the FBI, without sharing that with other committee members or disclosing his source. “I have significant concerns about the intelligence committee’s ability to get to the bottom of this issue,” McCain said. “We need a select committee.”

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However, McCain emphasized that ongoing controversy shouldn’t prevent the president from ever meeting with Russian counterparts.

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“There’s nothing wrong with meetings,” the senator said. “At the height of the Cold War, (U.S. President) Ronald Reagan and (Soviet leader) Leonid Brezhnev met.” The proponent of Trump’s defense spending boost said the Trump needed to go to the meeting with a “strong hand” including “strong and growing military capabilities.”

Republicans emerge as president’s biggest obstacle…

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By Lisa Lerer

With friends like these: Trump struggles to win GOP

WASHINGTON (AP) — Congressional Republicans have a lot to say about their new president.

Donald Trump‘s proposed budget is “draconian, careless and counterproductive.” The health care plan is a bailout that won’t pass. And his administration’s suggestion that former President Barack Obama used London’s spy agency for surveillance is simply “inexplicable.”

With friends like these, who needs Democrats?

Less than two months in, Republicans have emerged as one of the biggest obstacles to Trump’s young administration, imperiling his early efforts to pass his agenda and make good on some of his biggest campaign promises.

Trump’s embrace of a House GOP plan to overhaul the country’s health system faces deep opposition from across the party, as does his push to get U.S. taxpayers to pay for a wall on the U.S.-Mexico border. Republicans largely rejected his thin, 53-page first budget, joking that there’s a “fat chance for skinny budget” on Capitol Hill. And his tax reform and infrastructure plans have yet to gain any real traction in Congress.

Trump insisted on Friday that he is leading a party that is coalescing behind him.

“I think we have a very unified party. I think actually more unified than even the election,” he said at a White House news conference with German leader Angela Merkel. “You see when they talk about me, I seem to be very popular, at least this week within the party.”

Long a divisive political figure, Trump entered office with historically low approval ratings and a popular vote loss of nearly 3 million. Still, he claimed a sweeping mandate when he arrived in Washington, fiercely pushing back on any suggestion that he won with less than a historic margin and moving quickly on a series of controversial executive orders.

Now, his administration has reached the limits of what it can achieve without Congress, leaving Trump struggling to lead his party on Capitol Hill — starting with the health care bill.

After years of campaign promises to repeal and replace “Obamacare,” the bill presents the first major test of whether Trump and Republican leaders can marshal a fractious GOP caucus behind a major legislative initiative. GOP leaders fear that failure could chip away at Trump’s already thin political capital, dooming future efforts on tax reform and infrastructure.

Trump’s early missteps have overshadowed one of the administration’s smoothest-sailing moves — the nomination of Neil Gorsuch for the Supreme Court. Confirmation hearings begin Monday.

“A president only has so much political capital to expend and so much moral authority as well, and so any time your credibility takes a hit I think in many ways it weakens the officeholder,” said Rep. Charlie Dent, R-Pa., who had described the surveillance claims as “inexplicable.”

The furor over Trump’s unproven claim that Obama wiretapped his New York skyscraper prompted Republican Rep. Tom Cole of Oklahoma to suggest Trump owes his predecessor an apology.

Republicans almost immediately balked at Trump’s budget, with Kentucky Rep. Hal Rogers uttering the “draconian” complaint and others questioning why Trump’s core supporters took a hit.

“Rural America stepped up to the plate behind the president in his last election, and we’re wholeheartedly behind him. We need to make sure that rural America at least gets its fair share,” said Rep. Robert Aderholt, R-Ala.

Trump is hardly the first president to clash with members of his own party. Few congressional Democrats felt a personal connection to Obama, who came under criticism for his hands-off approach to Congress, and his lack of interest in schmoozing with lawmakers or using the trappings of his office to woo them.

While Trump has hosted Republicans for bowling, pizza and other White House events, he’s been hampered by his inexperience with governing and his distance from establishment GOP politics. A businessman, Trump has never lined up lawmakers behind a bill, crafted a political coalition or passed a budget — nor have many of his closest aides.

During his campaign, he embraced a populist platform, rejecting traditional conservative positions on issues like trade and cutting costly mandatory programs like Social Security.

Many congressional Republicans, from House Speaker Paul Ryan, R-Wis., on down, were slow to embrace Trump’s candidacy, and some of those concerns linger.

His series of false claims since the election haven’t helped the relationship, distracting from his agenda on Capitol Hill and forcing Republicans to answer near-daily questions about his accusations.

But Trump also seems eager to keep some wiggle room between his presidency and a bill some friends and allies believe is a political trap. They fear the legislation — they’ve dubbed it Ryancare — could violate some of Trump’s populist campaign promises, like providing health insurance for all Americans and preserving Medicaid, for a conservative Republican agenda led by Ryan.

“Speaker Paul Ryan and the establishment GOP have pulled a fast one on President Trump,” wrote Eric Bolling, a Fox News host with close ties to Trump, in an op-ed.

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AP Congressional Correspondent Erica Werner contributed to this report.

‘Immigration is a privilege, not a right,’ Trump tells Merkel in first meeting

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US President Donald Trump and German Chancellor Angela Merkel have met for the first time in Trump’s time in office, discussing many issues on which the two have disagreed in the past, including immigration, defense spending and free trade.

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“Our two nations share much in common, including a desire for security, prosperity and peace,” Trump said. He praised Germany’s training of an industrial workforce, including “harnessing the full potential of women,” as an example the US can look to as it seeks to rebuild its industrial base.

On NATO, which Trump has heavily criticized because he feels that other members “don’t pay their fair share,” the president extended an olive branch, but repeated his demands for other countries to step up.

“I reiterated to Chancellor Merkel my strong support for NATO as well as need for our NATO allies to pay their fair share for the cost of defense,” Trump said. “Many nations owe vast sums of money from the past years, and it’s very unfair to the US.”

He also thanked Merkel for her commitment to increasing defense spending, as well as for her leadership in supporting NATO in Afghanistan, at the cost of the lives of more than 50 German soldiers, and as member of anti-ISIS coalition.

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“I thanked her for leadership, along with the French president, in resolving the conflict in Ukraine, where we ideally seek a peaceful solution,” Trump said.

Pivoting to immigration, a topic on which the two leaders have vastly different views, Trump said the focus must be on national security.

“Immigration is a privilege, not a right, and the safety of our citizens must always come first,” he said, adding that the US will respect historic institutions and the “right of free people to manage their own destiny.”

Our alliance is a “foundation of a very hopeful future,” he said.

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Merkel reiterated the points of agreement with Trump, including saying that Germany also needs to increase military spending as the country continues to work in Afghanistan, Syria and Libya.

“We had a very good first exchange of views,” she said.

She praised Trump for the US commitment to the Minsk process on Ukraine. “There has to be a safe and secure solution for Ukraine, but relationship with Russia has to improve as well,” she added.

Merkel agreed with Trump that “trade has to be fairer, has to be a win-win situation,” adding that  “globalization ought to be shaped in an open-minded way, but also in a fair way.” For his part, the US president stressed that he doesn’t “believe in isolationist policy,” but rather wants free trade as long as it is also fair to the US.

At the same time, Merkel called on the US to “come back to the table and continue [TTIP] talks,” referring to the Transatlantic Trade and Investment Partnership, which is among the free-trade deals that Trump wants to get away from in favor of bilateral agreements.

Merkel argued that the TTIP is, in fact, a bilateral deal because it is only between the US and the European Union. “A free trade agreement with the US has not always been popular in Germany either,” she added.

During the question-and-answer period, Trump discussed the GOP’s American Health Care Act to replace Obamacare. He promised that any Republican lawmakers who had previously opposed the bill for not being conservative enough had come around and would vote for the bill.

He also answered questions about his proposed budget, which calls for a $54 billion increase in defense spending, saying that the military “will be stronger than ever before, and hopefully we won’t have to use it.”

When asked if he regrets any of his tweets, Trump replied: “Very seldom,” adding that social media allows him to get around the news media when they don’t tell the truth about him. He also joked with Merkel, the target of NSA spying under the Obama administration, saying: “As far as wiretapping by the past administration, at least we have something in common, perhaps.”

Trump has repeatedly stood by his accusations that his predecessor wiretapped and otherwise surveilled Trump Tower in New York ahead of the 2016 presidential election. A bipartisan group of lawmakers investigating any wrongdoing by the Obama administration when it comes to spying on Trump have disputed these claims, saying there is no evidence.