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| Plug-in Hybrid Electric Vehicles |
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A video by Plug-in Partners promoting the
many benefits of Plugin Hybrids Electric
Vehicles. If the current U.S. vehicle fleet
were replaced overnight with PHEVs, oil
consumption would decrease by 70 to 90
percent, eliminating the need for oil imports
and leaving the U.S. self-sufficient in oil
for many years to come. Even if the
electrical power for those vehicles were
drawn from coal-fired power plants, CO2
emissions would drop by more than half. If
the power were produced by renewable energy
sources, and the fuel in the tank were
biodiesel or ethanol, the proposition gets
exponentially better.
And you can get 100+ MPG!
Tags : Electric Car Hybrid Plugin Oil PHEV Coal Vehicles Who Killed |
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Affichage : 25467
Durée : 514 s |
| FREE ENERGY - Air Powered Vehicles |
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***Over 400 Investment bankers arrested;
http://www.youtube.com/watch?v=olyADGFCPt0
Following the third major "sweep" of the
mortgage industry in four years, the U.S.
Department of Justice (DOJ) and the Federal
Bureau of Investigation (FBI) announced on
Thursday that it had arrested over 400 real
estate industry players since March, dozens
of them over the last two days, for
incidences of mortgage fraud that have
contributed to the housing crisis.
Announcement of the arrests came at a
Thursday afternoon Justice Department press
conference conducted by Deputy Attorney
General Mark R. Filip and FBI Director Robert
Mueller.
Filip said the arrests took place in Chicago,
Atlanta, Miami, and suburban Maryland among
other locations and those arrested included
industry borrowers, loan originators, and
real estate agents. 60 people were arrested
on Wednesday alone with the round-up
continuing.
The sweep, code named Operation Malicious
Mortgage, was the third major action that the
Department of Justice has headed up since
2004 against mortgage fraud and related
crimes. The most recent activity has resulted
in 144 mortgage fraud cases in which 406
defendants have been charged since March 1.
Cases were brought in every region of the
country and in more than 50 judicial
districts. The FBI estimates that
approximately $1 billion in losses resulted
from the mortgage fraud schemes employed in
these cases.
In general, mortgage fraud involves three
distinct types of fraud; lending fraud,
foreclosure rescue scams and mortgage-related
bankruptcy schemes. Lending fraud frequently
involves multiple loan transactions in which
industry professionals construct mortgage
transactions based on gross fraudulent
misrepresentations about the borrower's
financial status, such as overstating the
borrower's income or assets, using false or
fictitious employment records or inflating
property values. Foreclosure rescue scams
involve criminals who target legitimate
homeowners in dire financial circumstances
and fraudulently collect fees for foreclosure
prevention services or obtain ownership
interests in residential properties. Both of
these fraudulent mortgage schemes may be
furthered by filing bankruptcy petitions that
automatically stay foreclosure.
In the case of the recent DOJ action, the
most common type of mortgage fraud was
misstatement of income or assets, followed by
forged documents, inflated appraisals and
misrepresentation of a buyer's intent to
occupy a property as a primary residence.
Filip said, "The integrity and credibility of
these markets depend upon fair dealing. While
the law cannot dictate economic outcomes or
protect individuals from bad investment
decisions or unlucky greats, it does protect
them from fraud." He said that the
investigation and prosecution of these crimes
will continue.
In a separate action, an indictment was
unsealed in the Eastern District of New York
charging two Bear Stearns portfolio managers
with conspiracy, securities fraud, wire
fraud, and insider trading charges growing
out of alleged misrepresentations to two Bear
Stearns hedge funds that invested in
securities tied to mortgage debt. The
indictment alleges that the two marketed the
funds as a low risk strategy. By March, 2007
they believed the funds were in grave
condition and at risk of collapse but made
misrepresentations about the amount of money
other investors were withdrawing and about
the extent of their personal investment in
the funds. This was done, the indictment
alleges, to stave off investor withdrawal.
The funds did collapse last summer, resulting
in losses to investors estimated at $1.4
billion.
Filip and Mueller credited a number of other
federal agencies with assisting with the
investigation including the Internal Revenue
Service, U.S. Postal Service, Immigration and
Customs Enforcement, the Federal Deposit
Insurance Corporation, and the Department of
Housing and Urban Development.
The FBI says it has arrested about 300 real
estate industry players since March --
including dozens over the last two days -- in
its crackdown on incidents of mortgage fraud
that have contributed to the country's
housing crisis. (We assume that the
discrepancy in numbers arrested is
attributable to police actions taken by other
agencies.)
One law enforcement official put the losses
to homeowners and other borrowers who were
victims in the schemes at over $1 billion.
Over the last several months, the FBI has
been investigating an estimated 1,300
mortgage fraud cases -- including 19
involving subprime lending practices by U.S.
financial institutions
http://www.mortgagenewsdaily.com/6202008_FBI_
Mortage_Fraud.asp
-Free...as all things should be...:)
Tags : free energy air car generator water compressed compresed galactic Hydrogen Oxygen electric motor magnets |
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Affichage : 6453
Durée : 203 s |
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