Myer Elazar's Blog

Bankruptcy Judges

Myer from Hollywood, FL — Sun, 13 Dec 2009 10:03:32 EST

“On Friday, as the House passed a series of new financial regulations, it narrowly defeated a provision that would have allowed bankruptcy judges to modify the terms of mortgages. The measure was strongly opposed by the banking industry.” NYTIMES, Sunday December 13.

What a shame, Wall Street won…. AGAIN, Tim Geithner and Ben Bernanke have secured their future jobs. The one issue that we the people have been asking for two years, let the Judicial system modify mortgages, give real people, Judges, Juries, the little power to stand up to the Wall Street Hoodlums; who are destroying “ Save our Home” initiative, (what a joke- 30,000 Modifications, 30,000 Declines) who foreclosing homes of good people, cancelling credit cards, home equity loans, small business lines of credits, calling mortgages that are up for renewal, manipulating Stock Markets, Commodity markets, with computer power and software power that the FBI have in HAND, with cheap money they are getting from Messers. Geithner-Bernanke.

We lost again, rather that the President will put up his mighty presidential weight, gain back some popularity, which he is losing on a daily basis, (Rumors are he is bellow 40%) and work the House to approve this important provision, he just played to the hands of the Bankers, AGAIN.Seems that Mr. Obama, and his advisors don’t get it, is it possible that with all this information they don’t understand? Well if they’ll bother reading Today’s New York Times: “Interest Rates Are Low, but Banks Balk at Refinancing” it might help, but it seems that we are wasting our energy, Mr. Obama have promised Change, Yes We Can, for the WORSE.

Bernanke was testifying before the Senate Banking Committee, seeking confirmation for a second four-year term.

Myer from Hollywood, FL — Thu, 03 Dec 2009 11:48:58 EST

I really hope that Mr. Ben Bernanke will not be confirmed, it will be criminal to put him back at the helm of the Federal Reserve, he was the orchestrator of the TARP hand out without strings attached !! to the Wall Street Bankers, he was behind the scene of unconditionally bailing the Banks again by the way of bailing AIG, he was the one who approved AIG PAYING THE BANK IN FULL with out a Hair Cut, he and Tim Geithner are a pair of wimps that cannot stand up to Wall Street but certainly can let Main Street go through the Great Depression, not only losing their jobs, homes, Credit Cards, Home equity Loans, Small Business Loans, a slaughter that occurs daily.

Let him go back to the Academic world, where theories thrive, hopefully he’ll be able to take Tim Geithner with him.

Please DO NOT CONFIRM HIM.

Beside ALL of the above, he is the one who is covering up the Stock Market and Commodity Markets Manipulation by the too Big to Fail Group, EVEN THOUGH they (the Feds) have in hand the Manipulative software which they got from Mr. Sergey Aleynikov, a 39-year-old ex-Goldman Sachs computer programmer, who was caught by the FBI right after a frantic rescue call from Goldman Sachs, so not only Mr. Bernanke knows about the fast computer power,( 1,000 times faster than any computer most readers know of ) which the too Big to Fail Group Bankers are using and manipulating daily, he knows about the lethal (not for the Banks) software that they are using to actually ripping off by the way of advanced INSIDE INFORMATION, cheat ALL of the innocent entities who trade in the Stock or Commodity Markets.

We can’t let these types of people head our Federal Reserve or Treasury.

Detroit - Big Three

Myer from Hollywood, FL — Wed, 25 Nov 2009 11:47:38 EST

Detroit auto makers (The big three ) are facing some major headwind, sales of U.S. car makers are flat, and that’s after sales decline of almost 60%-75%, over 3 years 2007-2008-2009, and there is no rebound in the near future for the following reasons;

Americans and the world are hanging on to their old cars, waiting for the new hybrids, plug and drive, 2010 – 2011 models.
Banks- though they are flush with cheap money, are not lending.
Unemployment ravaging demand, wallets are shut.
Orders for durable goods fell 0.6 percent in October, consumer confident dropped from about 70 to 66 in November.

The main question is will the U.S. Auto makers be ready with the proper, appealing line up by the end of 2010 or early 2011? Meaning - the same line up they have for their traditional combustion engines – Economy- Medium- Luxury- SUV’s and Pick up trucks, I am sure they won’t.

But why? With all the “retooling” money we gave them, the mother of bail out, they won’t be ready!! (and once again, Japanese and German cars will dominate the market) The big three just can’t get rid of the old habit, teaming with the big OIL companies, getting kick backs, and relaying on the default twisted model of the guaranteed purchase of the U.S. Government, States and Municipalities.

They are using still, the old disinformation tool: “there is no demand for these kind of cars (hybrids), they are too expensive, we’ll lose money on this product”

amazingly familiar arguments we have been hearing for over 20 years, the money they get from the OIL companies, Federal and State purchase guarantees is so sweet that they just can’t reorganize fast enough, and sure enough we’ll have to bail them again.

We are handing out bail out money to a group of incompetent corrupt executives which we should have let go years ago, any college student could have done a better job.

Tim Geithner and Ben Bernanke

Myer from Hollywood, FL — Fri, 20 Nov 2009 09:24:21 EST

The Facts

Across the board, Nobel price winners economists, leading financiers, major scholars and all Americans know that the irresponsible Bankers have brought upon us this Great Recession
This greedy group who invented the easy money, subprime lending, lending without verifying incomes, The Country Wide Model of predatory lending have been saved, by us, by our money
We have saved them since we were told, rightfully so, maybe, that the Great Recession might become Great Depression, Without strings attached, we just threw money at them, please take it, we beg you just stay alive.
In return, they took the money, and froze lending over night, chocking , American individuals and business, without warning, without any consideration of what will happen – same Derivative game but the opposite, they became conservative righteous over night.
The bankrupt bankers were saved while the real estate, employment and small businesses crashed without any help or a gradual mechanism to protect or save them.
The Bush administration, with Paulson as the face of it, at lease publicly warn the Bankers to start lending and not shore up the balance sheets, but they left office, they were toothless as of November 2008.

So here we are with Tim Geithner at the helm, let’s see what he did:

Mr. Geithner as the head New York Federal Bank, have negotiated the AIG

bail out, it was a back door bailout of his cronies, or his future employers, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of America (Meryl Lynch & Country Wide), Citi Bank and the others to big to fail. It was the most incompetent negotiations ever, like a “sold” game, some of the insurers have offered a “Hair Cut” meaning offered to take less, which by all means, you better take what ever you can from a bankrupt insurer, but Timmy Boy said NO, it’s unfair to use the fed muscle, we’ll pay them all in FULL.2. At the November 8 G-20 meeting Mr. Brown together with many other members have proposed: “Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France. U.S. Treasury Secretary Timothy Geithner said a “day-by-day” tax on speculation is “not something we’re prepared to support.” But again Timmy Boy have blocked it, it make no sense to him that if the Bankers take risks, as outrages as they did, they’ll never pay for them, we are the ones who will be their to bail them, what a splendid idea.

Senator Christopher J. Dodd, and Representative Barney Frank are proposing a financial overhaul that included consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies. Which is a great idea, but who are the two that are fighting tooth and nails to water it down? Right- Tim Geithner and Ben Bernanke.

Goldman Sachs, the manipulators of the Stock Market and Commodity markets, the company that uses 1000 time faster computer power and sophisticated software to unfairly trade markets: Oct. 27 (Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm, defended for U.S. regulators dark pools, short-selling, high-frequency trading and other market practices that have been criticized by lawmakers. Goldman told the Securities and Exchange Commission that computer-driven trading and an increase in stock transactions that occur off public exchanges has reduced consumer costs, increased competition and brought more liquidity to markets. What is the reason of this arrogance? It could be only one single answer: Tim Geithner and Ben Bernanke. Goldman Sachs knows the real deal, these two won’t do a thing, not only that - these two are their moles. Goldman Sachs and Company knows better though, they know that the outrage is building up, so these good people came out this week with a 500 million dollar Small Business lending vehicle, they want to bribe us, WOW they are so good, I hope that someone will follow up, will check if they’ll really extend credit and with how much difficulties, but we know !! for some reason all of the Big to Fail group take Americans as stupid, but we’ll never forget. The only three reasons I can think of, why these two are so impotent when dealing with the banks? are: 1. they both believe that Obama will be a one term President. 2. Securing future employment. 3. They know the truth, the BANKS are defunct, all of them. Justice must be served, Americans will not forget and forgive, the people who brought upon us this misery while acting “Business as Usual” must pay, especially the top three: Goldman Sachs, Bank of America and Wells Fargo.

Narrow Window for Mr. Obama

Myer from Hollywood, FL — Wed, 04 Nov 2009 10:33:38 EST

President Obama have a very narrow window to carry the country and to be reelected, the way it goes it looks like he’ll be a one term President. From all the little polls we (me and me family are taking, we have voted for Obama..) most people, professionals, business people, hard working Americans are very disappointed with the President and his Economic A team. Next years election will be such a disaster for the Democratic party,they’ll lose both majorities House and Senate for the following reasons:

THE ECONOMY – People are losing their homes- Jobs- Wealth AND HOPE, the wallets are SHUT which will cause the economy to crash further, it’s a vicious cycle, no consumption, no one will have the cash to service mortgages, loans. Malls are empty, many are deserted, Mr. Obama have promised CHANGE, the word on the street is that we didn’t get it, he meant CHANGE FOR THE WORSE.
THE BANKS – The group of Wall streets hoodlums that this administration have labeled

“Too Big To Fail”, giving them a LICENCE TO KILL, are doing so day in and day out, destroying lives on an hourly basis, leading the killers are Bank of America and Wells Fargo. Goldman Sachs, Morgan Stanley, JP Morgan and the rest are just MANIPULITATING the Stock Market, the Commodity Market and taxing us across the board, if it’s on the pump or at the Supermarket, we call it the “UNSEEN TAX”, this administration is doing nothing to stop them.

CREDIT – Is shut for most, very few people can buy a car, a house a piece of furniture, the Greedy Bankers aren’t lending, the group that we have saved are calling loans rather than extending them, borrowing for near Zero, and using our money to lend to the group of “HOSTGES” – the credit card holders who are near maximum usage of their credit line, manipulate markets rather than helping the people who saved them, small business are going bankrupt in an unimaginable speed, Shipping companies like Maersk, CMA, Evergreen, have pulled over One Thousand vessels loaded with empty containers, they are called Ghost ships, they are parked in the bay of Singapore, Shanghai and other places, there is no demand, no activity, no hope.
BLAMING – If Mr. Obama and his speakers will continue blaming W. Bush for the economic inheritance, they’ll increase the anger and frustration, most Americans have voted for Mr. Obama with the No. one issue on their mind, the ECONOMY, their home, job, small business, to date this administration have failed us, we are a helpless pray to the Banks.

Yesterday elections, contrary to Mr. Axelrod comments, are the first and not last blow to the Democratic party, if the economy will not turn around, and the word on the street is; it won’t because Mr. Obama and his crew are incompetent, unable or too laid back, or most of this administration knows that it will be a ONE term presidency and they are just fixing their golden exit with position with the Wall Street bankers and others, the second blow will be next ye, it will be a big one, where majority on both house and senate together with many Governors losing to the GOP and the third will be 2012 where Mr. Obama will be unseated. Americans must do it, there is no hope, and things are a lot worse then anyone imagined. “ Save or Create” 3 million or what ever Mr. Obama have called it is the biggest joke ever, we lost 3 million jobs since he took office. Mr. Obama, Don’t be fooled by yesterday congressional victory in upstate N.Y., I hope that you can analyze the data properly, though I am not sure about that either reading Mr. Axelrod comments……. A loser respond…

The Second Half

Myer from Hollywood, FL — Thu, 15 Jan 2009 15:31:09 EST

Time and again the American people are being treated as total idiots, there is a clear message from the out going and the incoming administration, ALL of the TARP money will go to save the Greedy Wall Street gamblers, our Banking System, Mr. Ben Bernanke said today, Treasury will need the rest of the money, and !!! it might not be enough, the loses are so big, they are so defunct that no one dares to talk publicly about it, they are all insolvent, so the Senate and the house can approve the release of the 350 Billion Dollars TARP finds or not, the President will Veto their vote and will get the money rain or shine.

After gambling for years, got compensated in the most out rages way ever, for paper profits, I repeat PAPER PROFITS, the Banks, or shall we call them scoundrels, will be saved, and we the people will lose our jobs our homes, our businesses, and our most precious property OUR HEALTH

Second 350 billion dollar TARP money,

Myer from Hollywood, FL — Sat, 20 Dec 2008 13:50:27 EST

I was reading that Mr. Paulson have requested the second 350 billion dollar TARP money, I urge the legislator body, Congress and Senate to use all powers NOT to give these incompetent people a penny unless they’ll fully comply with Mr. Bernie Frank legislation which he is in the midst of drafting i.e. HELPING to curb Foreclosures.

“Frank said the legislation will include FDIC Chairman Sheila Bair’s foreclosure-prevention plan, which provides a U.S. guarantee for troubled mortgages to spur loan modifications.

FDIC Program

Paulson has declined to adopt the proposal, while Bair has said the law enacted in October gives the Treasury authority to fund a plan she said might prevent 1.5 million foreclosures through next year at a cost of $24 billion. U.S. foreclosure filings climbed 28 percent in November from a year earlier, data provider RealtyTrac Inc. said Dec. 11.”

“Why wait three weeks? Let’s do it,” Frank said. “We’re in a crisis now. How many people’s homes will be foreclosed?” HE SO RIGHT PLEASE HELP

For the last 18 months, calls for help were turned numb by the Bush administration, this is the core of the down turn, if this 350 Billion TARP money will be channeled to stop foreclosures, the criminal Wall Street bankers who took the first half of the TARP money and did absolutely nothing!!! rather than to shore up their balance sheets, cover their loses, (this money actually helped them better hide the loses) and completely stop lending, must be prosecuted and go to jail.

Anyone I have talked to, hundreds of people are appalled by the way Paulson and company have handed the TARP money, please act, this is the time to shine

Bush Administration big words

Myer from Hollywood, FL — Wed, 17 Dec 2008 11:36:16 EST

Today Secretary of Housing and Urban Development Steve Preston announced, like we don't know, that the Bush big time announcement of helping 400,000 families by rewriting their mortgages bombed, completely, 312 applicant, it is not clear that these 312 applicant got any help, they are “Applicant”.

It's seems like a Bush Administration disease, they come up with these big words, we'll do this and that at the end of the day we find out nothing really have worked, just like the 350 billion dollars which Mr. Paulson had to beg the Greedy Wall street criminal bankers to take from us, so they'll extend credit, thaw the credit freeze, they didn't, it's worse than before, today we learn that regardless of this humongous amount handed to them they are still losing billions “Morgan Stanley reported a $2.2 billion fourth-quarter loss “

The list of banks UBS now expects to lose money for in 2009 are Comerica Inc. (NYSE: CMA), First Horizon National Corp. (NYSE: FHN), Fifth Third Bancorp (NASDAQ: FITB), Keycorp (NYSE: KEY), Marshall & Ilsley Corp. (NYSE: MI), Regions Financial Corp. (NYSE: RF) and Zions Bancorp (NASDAQ: ZION).

Meaning that All of these folks, who took our money can't lend, they are losing, bleeding, the question is what should have done differently, do we want to hand tax payers money to losing entities which we are not sure will be there to pay us back? Or force them to consolidate so the new entity will be able to lend, which is a key condition for any help, future help? The feeling is no one in the treasury department or the white house thinks all of these bail outs threw, no one really care of any American, it's all a big show, a game for them, it's empty rhetoric.

There is another A bomb coming our way, Commercial Real Estate defaults, it must be dealt with now, hopefully the Obama administration will tackle this issue NOW, and won't lose 18 preciousness months like they did with residential Sub Prime Mortgages, small business are the back bone of America, they create jobs, opportunities and wealth, don't let them crash, attack it ASAP.

Americans Wish List

Myer from Hollywood, FL — Thu, 11 Dec 2008 15:20:06 EST

Yesterday the TARP over site board expressed their disgust of the way Paulson and Bernanke have handled the first 350 Billion bail out moneys which was handed to he banking industry….hundreds of angry readers took their time and posted their comments, most of them I have read.

I have decided to write an open letter to Mr. Paulson and Bernanke

Americans Wish List;

Mr. Please assemble the Greedy criminal Bankers who took our money to the same room where you have met them, in Washington, but this time please ask them to come up with their Check Book, they can still show up with the stretched limousines, private jets, and give them the following options

A. For every dollar they have gotten from us, they must extend credit to credit worthy Americans; small/large businesses

B. Rewrite mortgages/adjusting principles helping home owners keep the roof above their families.

OR WRITE US A CHECK BACK - FOR THE FULL AMOUNT, right now.

Regarding B, adapt the President Elect approach, forget about the speculators excuse, he said “ if my neighbor house is on fire, and the fire is moving towards my home, my first concern is to put the fire down” the bankers are throwing at us disinformation lately; that 50% of the amended rewritten mortgages are in default. It must is be checked, the conduct of the banks which “Say” we will help, we'll rewrite our mortgages is a scam, they twist and force homeowner hand since they hold the better hand, lets check the details…. Criminals rarely change, especially the ones who get Billions.

2. Yesterday our “Best Friends” the Saudis, the promoters of Wahabi Islam, the Maddrasas backers/financiers around the globe specifically in Pakistan and Sudan where terrorist hatch on a daily bases, not to mention that most of September 11 terrorist are Saudi Arabians, have informed us that they would cut output more than analysts forecast, oil prices have shot up, King Abdullah, in an interview with a Kuwaiti newspaper published Saturday,cited $75 per barrel as a favorable target. said that would be a "fair price".

I have a suggestion, actually I can say the American people have a suggestion to Mr. King Abdullah, we will give you guys our Fair Price, for our Grain, Aircraft, Military Equipment, Technology etc. specially designed for you, the fear is almost over, soon the need for the Middle East oil will be gone, Chinese, European and maybe American technologies are on the verge of introducing Plug and drive, green vehicles, in no time these technologies will improve, get better, Air Plains and Ships will use them, then you guys might have to drink the oil, and here is the punch line: if you guys will artificially, buy cutting production, will increase oil prices, there will be no reserves that you'll be able to hide, there will be no money for you to buy our product which will be artificially priced just for you.

Have no fear Mr. W. Bush, Mr. Obama, Ms. Clinton their time is up.

3.Auto Bailout Clears House but Faces Hurdles in Senate

The Detroit auto makers are really funny, blind, corrupt, have no sense of the market need, totally numb, they actually can take the bail out money, which will hand to them, rain or shine, and buy the technology, it's here !!!!!! Chinese Electric Cars and Plug-in Hybrids in Israel as of 2009 in Europe by 2010, the specification looks very promising, just go to Mr. Warren Buffet, he have major stake in this Chinese company, he'll help I am sure, he'll be glad to take a bite from the free bail out money. Give him a call....The current management must go, otherwise change won't happen, they must.

GM should stop his advertising blitz of the VOLT, waist of money, too early, it won't happen, they are stating end of 2010, but we know them, just before the date they'll announce “sorry” it will be end of 2011, give us money, more money.

My advise is: stop waisting precious Dollars that you don't have, for once get real candid with us, it will help you with us, it will repair the tarnished image of the U.S. Automakers, a little, but it's a good start.

ALTERNATIVE ENERGY = NATIONAL SECURITY

Myer from Hollywood, FL — Wed, 03 Dec 2008 08:32:36 EST

Right after the collapse of the Twin Towers, September 11, 2001, cheering crowds went celebrating to the streets of Gaza, Cairo, Riyadh, Islamabad and other parts of Pakistan, clips shown on TV were short, plaid down, we need the OIL, we don’t want to anger our energy suppliers, lets duck, keep it quit, see our President humiliated, ridiculously dancing with the Saudi elite and say nothing.

We all wished to see the day of robust alternative energy emerges here, a fantasy at that time 2001, a dream which will change the balance between a bunch of upside down societies and the world.

Many Mumbai attacks are on the drawing board, and they’ll come, we are helpless, the weak government of Pakistan, a nuclear power, (just by writing Nuclear Power my body shivers) a “Democracy”, cannot control the secret service, the underground government support to the Al Qaeda branches, the growing Taliban influence inside and out side Pakistani borders, so the seeds are hatching.

Saudi Arabia, the patron and promoter of Wahabi Radical Islam, pouring petro dollars to the Pakistani Maddrassas, where the day starts with “ Death to America” where the seeds of Jihadists are growing, where angry clerics teach hate, killings, destruction, out of books that have carefully written to mold the perfect suicide bomber, or Mumbai killer.

We stand paralyzed, watching, knowing.

Mr. Obama was elected for a change, we need a change, we must better our helpless position, we need Alternative Energy, we MUST have alternative energy, any, if it is Plug and Drive hybrid or any other technology, just by starting to introduce it, technologies will prevail, advance, slowly, new and improved systems will be introduce and before we know it our dependence on foreign oil will be gone.

I hope that one of the first moves of the Obama administration will be is taxing the gas pump, is it a conspiracy? Whenever new energy is about to emerge price of oil drops? Incentives of new innovators, entrepreneurs crash with the price of oil? Will it happen again? Or maybe the picture of Mr. Hugo Chavez, with the fists up, chanting to $200.00 a barrel is still vivid enough in our minds - or the arrogant smile of Mr. Putin – I have Oil, Gas and money, treat me like a Super Power or else, is playing in our minds…???

It’s a matter of national security, it’s a matter of our survival, some of these dollars we are paying to the wrong people, are coming back to us by the way of September 11 attack, by the way of Mumbai attack, by the way of Iraq suicide bombers, by the way of Taliban insurgency, introducing Alternative energy in mass, will save lives, will save money, will create jobs, will help us deal with terror, any alternative energy, any…

Are we afraid of the dark?

Myer from Hollywood, FL — Wed, 03 Dec 2008 06:57:25 EST

Yes we are!!! The definition of darkness is: lack of knowledge or enlightenment, lack of sight; blindness. Since December of 2007 we are in a recession; a declaration came from a committee of the National Bureau of Economic Research. Why have they waited so long to declare recession? Most publications, cautiously, on almost daily bases informed us of a recession, depression, an economic Tsunami and numerous other names? By not declaring we were left in the dark, uncertain, confused, thinking if they aren’t declaring it must be that our wildest fears are nothing compare to what the real situation is. Uncertainty is the mother of fear, so we the regular guys act, we sell off our stocks, (the lucky ones who could) we shut our wallets, we layoff employees, we drive our old car for another year or two and so on, as the snow ball moves down we learn of our Banking insolvency, a bunch of high paid greedy executive that mastered a new lucrative economic phenomena, selling the same financial product to endless buyers, lending our money plus borrowed money to unworthy entities, so they start to crumble, while crumbling they stopped lending, became righteous conservative bankers over night, the housing market collapses, foreclosures hit the roof, mortgage companies collapses, retailers are closing shop, and so on and so forth, but we officially aren’t in a recession, we all know that we are, but officially we aren’t.We all wish for the official declaration, we know/feel that if it will officially declared we’ll have an end, some of our fears will start to subside, the optimist will think the average recession lasted 14 month, the longest 16 month, so we are almost there, the pessimist will think it might take longer, since this crisis is of unprecedented magnitude, but can feel the end.Maybe next time around this mistake can be avoided after all we are people, humans we are afraid of the dark.

An Old Testament story

Myer from Hollywood, FL — Mon, 01 Dec 2008 15:37:40 EST

An Old Testament story reminds me of our position, The American People, our position in the last two years, since the early/midst (2007) of the credit crunch, Sub Prime fiasco was folding and here is the story:

Yiftach Hagiladi became the eighth Judge of Bni Israel, he is described as a none scholar who gathered around himself an army of outlaws, a gangster. At this time (the year 2779) due to the Tyranny and oppression of Bnie Ammon, the Israelite have reached a point where they couldn't bear the oppression and have decided to fight the Ammonites, since they had no trained army, or no army at all the called upon Yiftach Hagiladi to fight for his people, not to mention that he was surrounded by outlawed fighters. Yiftach Hagiladi accepted the High judge positions and negotiated with the Ammonites, the intense negotiations were fruitless therefore he have decided to battel, Sichon the king of the Ammonites. Yiftach declared a vow to God and said, "If You will indeed deliver Bnei Ammon into my hand, then it shall be that whatever emerges ... from the doors of my house toward me when I return in peace from Bnei Amon, it shall belong to God and I shall offer it up as an elevation offering. Meaning will sacrifice to God.

Yiftach was victorious and remained Judge for six years.

Behold! His daughter was coming out toward him ... When he saw her he tore his clothes and said, 'Alas, my daughter! ... I have opened my mouth to Hashem and I cannot recant.'

Pinchas The high priest was there, and still he (Yiftach) says, "I cannot recant?" Rather, Pinchas said: I am the High Priest, son of the High Priest, how shall I go to an ignoramus?! Yiftach said: I am the leader of the judges of Israel, head of the officers, I shall lower myself and go to a simpleton?! Between the two of them this fortunate girl was lost from the world. Both were held accountable for her death:and condemned by God.

The conclusion of the story is that between the two big ego's the daughter was slaughtered.

We the American people are Yiftach daughter, in 2007, Our President George W. Bush, Secretary Paulson, Chairman of the Federal Reserve repeatedly told us, we will not, will not bail out the speculators, we will not bailout the wall street risk takers, they have to be accountable for the decision they made, if they are homeowners who followed a dream of bettering themselves of greedy bankers who no profit was enough for them, between the President, the Secretary the Federal Reserve Chairman and the Bankers we have reached a depression, a economic Tsunami which had depleted generations of wealth, which some will definitely die from, financial death or real one.

So what is the point, All the “Too Big To go Under” the Mega Speculators are being bailed out now, late 2008, Fanny,Freddy, AIG, Citi Bank and the rest of the crowed together with hundreds of banks, headed by criminal executive that master cover up, play with the numbers, cook the balance sheets, we the people, the small business owners, the retailers are being dealt with, maybe nowadays, we have to be patient, it will take time, a lot of us will die, close shop, will disappear, the big guys are saved, no one will be accountable.

A question will remain, why the Bush administration, the Federal Reserve and all the smart economist waited so long to help the little speculator, or the most conservative individual or business men who are being killed by the way of this Tsunami, Why a Cancer was treated with Aspirin time and again.

Numerous articles, blogs were written during this period, screaming, stating, help the home owners keep their homes, this is the read deal, if millions will lose their home, their main concern will be survival, not spending, those millions will shut their wallets, others will hold back out of psychological fear, or diminishing portfolios, 401K, pension funds and our retail economy, which 70% of it depends on spending will contract to where few will be able to weather this vicious contraction where millions will lose their jobs.

Help the homeowners, rewrite the mortgages as per Ms. Shiela Bair formula, by doing that home values will stabilized, American will see the light at the end of a dark tunnel, with a couple of major stimulus packages, sizable ones, with thawing the credit by way of forcing the big banks to do so or else-no bailout, no help- for every dollar given to them, credit should be extended, in reasonable terms, to credit worthy Americans and businesses and this long and tiering recession will be over by the end of the first Obama quarter in office, April 2008 – Hopefully.

FDIC Chair woman Sheila Bair, American Hero

Myer from Hollywood, FL — Sat, 22 Nov 2008 11:46:16 EST

FDIC Chair woman Sheila Bair, American Hero Last night the woman of the hour, the only bright spot in the Bush administration, took over 3 failed banks, in California again, modifying, amending mortgages to millions of home owners, the inventor of the 31% rather than 38%, the Only person who really understands the core problem of this unprecedented depressionary downturn, which depleting generations of wealth, destroying so many American lives, whipping so many small businesses which are in the worst spot ever, they have no one to talk too, the abusive Banks approach is just getting louder. Ms. Blair, please come to Florida, take over some of the criminal banks/bankers in our state, help homeowners, small businesses, please. Our president elect, in his Saturday speech, is telling us it will get worse before it will get better, are you guys nuts !!!!!! worse than that !!!! wait for me to get to the whit house by January 20 ???? Not that the President Elect can do anything now….. but give us some hope, DETAILED HOPE, Depression talk we have enough, more than enough, on an hourly basis. Mr. President George W. Bush, you have a last chance to better your legacy, implement Ms. Bair’s initiative, force your Treasury guys to listen to her, she is one of the few bright spots America have, don’t sit there without any immediate action, be a Man! call President Elect and help him implement his Economic stimulus package NOW, you’ll have your legacy brought up to the sky, time is of essence. This is the time to Shine !!! Please don’t miss it. I hope, together with many other Americans, that the Obama team will embrace and hold Ms. Sheila Bair close to their heart, won’t let her go, she is the only bright spot we have.