200,000 New Homes Being Built In London In Response To Population Boom Needs To Go To Britons Who Really Need It

London
 

Last year, the local government in London, England announced 200,000 new homes will be built, in an effort to ease the massive requests for housing in the city of 10,000,000 people. It's not that London does not have homes, as there are millions of well built properties in the city. However, due to mass immigration over the past several years from the Middle East, Africa and Britain joining the EU (huge influx from Europe) there simply aren't enough homes in London. There's nothing wrong with immigration, as long as it is accompanied by assimilation. 

Many need to realize that everyone can't afford London, as real estate prices have soared over the past decade due to the sizeable increase in immigration and should move to the lovely home counties in England, which is not far from the capital. I've been to Hertfordshire, Buckinghamshire, Surrey and Oxfordshire, which all look great. 

The government's new pledge to build 200,000 new homes, a promise that is already underway, needs to have sale guidelines. Many foreign investors have been buying up homes in London, England, due to their value. However, locals who have lived in London, England for many years, are citizens who are not rich, should get first option on buying the affordable new homes. 

If the houses end up being bought up by big investors, often in cash sales, they will be flipped for big prices, in events that will not remedy the housing shortage. The homes and any government subsidies granted towards purchase, should be income restricted to ensure hardworking Britons, who aren't wealthy local or foreign investors, get the properties. It would be beneficial to Britons if the affordable housing initiative helps the working class become homeowners, which is a great thing. 

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Obama Implores Businesses To "Hire And Invest"

Barack Obama

President, Barack Obama, made an appearance today at the U.S. Chamber of Commerce today, hoping to spur hiring among the nation's top companies. U.S. unemployment remains stubbornly high and national revenues are down. Obama addressed the gather, imploring them to hire and invest.

However, as the Judiciary Report stated two days ago, in the February 5. 2011 article "The U.S. Economy Takes Another Negative Turn" businesspeople are "nervous" about "investing" and "hiring" due to the government's current, costly economic plan that is not panning out. The head of the U.S. Federal Reserve, Ben Bernake, also made an about face and warned last week against the slow pace at which the economy is adding jobs, as it is derailing any possible recovery.

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Bernard Madoff Partly Responsible For Son's Death

Bernard Madoff, Ruth Madoff and Mark Madoff

Incarcerated ponzi schemer, Bernard Madoff, is partly responsible for the death of his son, Mark Madoff, who committed suicide last week. He will not be allowed to attend his funeral, due to prison rules. Mark Madoff was broken under a two year torrent of press and public abuse, over his dad's ponzi scheme that unraveled and was the financial ruination of many, leading to the death of an investor, who committed suicide.

Mark Madoff was used to being treated like a king, with people fawning over them, due to his dad's alleged financial acumen and brilliance, making him the talk of the investment world, but it was all a sham. Mark Madoff could not come to grips with the ensuing fall that made them one of the most hated families in America.

The entire Madoff family denied culpability in their patriarch's schemes, but the Judiciary Report is of the belief they knew what was going on and did very little to restore what they stole from defrauded investors. Case in point, the Madoffs continue to live lavishly and so do the women that married into their families, clinging to investors' money they have siphoned off into private accounts.

Mark Madoff's wife changed her married name and that of their children to "Morgan." Andrew Madoff's wife divorced him the day the scandal broke. She left him, taking $14,000,000 in stolen investor money and continues to live lavishly off the family's sins, while investors suffer.

The Judiciary Report is not a money loving website, but the Madoff case goes beyond wealth. It represents charities helping the community being forced to shutter. It represents kids college tuitions being wiped out. It represents businesses employing hard working people collapsing in bankruptcy, adding to the unemployment crisis.

It represents tired and infirmed elderly investors in their 60s, 70s, 80s and 90s, who should be retired after many years of hard work, having to rejoin the workforce, taking whatever employment they can find, in places such as supermarkets, for paychecks a little above minimum wage, after losing all their money to Madoff. It is completely unjust.

Mark Madoff was said to be in the dark regarding his dad's ponzi scheme, working on the trading desk of the company, but a report released this year revealed, no trades were made. Therefore, how could he not have known something was amiss and the funds his family had been living lavishly on, was apart of an illegal, fraudulent scheme.

The entire Madoff family, heirs and in-laws, must be made to return every single penny of the stolen money and face financial fines. This was not a family born into money. All the funds they are living on stem directly from a criminal ponzi scheme that destroyed many lives.

Many charities, companies and families lost everything. Restitution needs to be made, as much as possible, in light of the fact the SEC and FBI failed miserably, allowing the criminal scheme to run on for over a decade after they were first apprized of its criminal existence. Bribes were issued and taken, people looked the other way and it allowed the ponzi scheme to grow to unprecedented heights, usurping greater funds.

Madoff taught his family greed was the way to prosperity and in the end, it claimed the life of his son, Mark, at the age of 46. Mark Madoff, with $66,000,000 in ponzi scheme money in the bank, committed suicide, under the weight of guilt and shame, using a dog's leash to hang himself in his plush $6,000,000 apartment.

Money is not everything in life and no amount of cash can restore a life lost. Suicide is not the answer and neither is greed. Both have killed many. It is better to be poor and honest, than rich and wicked, as there is no peace or rest for the latter when avarice takes its toll.

"The love of money is the root of all evil" as the Bible states. This case proves it. Bernard Madoff made a deal with the devil for money and destroyed many in the process, only for it to end very badly for him as well.

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FBI Swindled By Ponzi Schemer

FBI Director Robert S. Mueller

The FBI, among others, were swindled by ponzi schemer, Kenneth Wayne McLeod, to the tune of $43,000,0000. FBI Director Robert S. Mueller, who is also dishonest with money, is even a friend of McLeod, who used his name to attract business.

Clearly, someone didn't do due diligence, regarding McLeod, which is very ironic considering the FBI's ability to investigate individuals and businesses. It stands to reason, if the FBI can't stop themselves from being swindled by a ponzi schemer, as they are so negligent and careless, how can they possibly protect the nation's financial interests in this realm.

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Hollywood Greed

Why is Hollywood always so desperate for money, so much so, they are willing to break the law and damage innocent people in the process. A prime example of this is Joseph Medawar, who was featured on the program "American Greed" this week. The so-called Hollywood producer, paid a U.S. senator, Dana Rohrabacher, $23,000 for a 30-year-old screenplay, which granted him unfettered access to political circles in Washington, including crooked George W. Bush, who he took a photo with.

Medawar erected a website with a trailer, for a yet to be filmed show entitled "Department of Homeland Security" and used it to solicit money from investors. He then fleeced a California church congregation, requesting money from them as investments in his company, hinging on the yet to be released television series, backed by Washington and Hollywood, which is never a good combination. Hollywood and Washington together are crooks leading the crooks.

Medawar played on the church's patriotism, charity and Christianity (much like Bush deceitfully did during his presidency) and fleeced them out of $3,000,000. Church members took out second mortgages on their homes, while others gave out of their hard earned life savings, as they believed Medawar and his claims of a positive return on their investments, which would also allegedly be helping the country. Medawar even went so far as to release false financial reports to church investors, claiming the filmed show and company was now worth $200,000,000, when neither were worth the paper the statement was printed on.

It was all lies. Medawar never filmed one single episode and the trailer posted on his website to lure investors, contained stolen, copyrighted infringing footage, he pilfered from others and pieced together, then added graphics over, with the title "Department Of Homeland Security" to customize it (he must be related to Madonna).

Churchgoers lost their lifesavings and homes. Medawar was arrested, but due to his political connections, received 1 year in prison, which amounted to even less time served and has not repaid a single dime, racking up $5,000,000 in losses. He squandered investors' money on lavish trips, living in a $40,000 per month Beverly Hills mansion he leased and shopping on Rodeo Drive for expensive clothes and jewelry.

Once again, the government, via the FBI, DOJ and Congress, failed the American people, as anyone that engaged in such damaging crimes against the public, should have served at least 20-years in prison and be forced to make financial restitution.

The ironic part is, with the $5,000,000 he stole from investors, he could have filmed the show and it could have been successful. However, Medawar, did not have the talent, ability or know how to write, prudently film, hire actors at a reasonable fees and shop the show. It's always the ones without the creative talent doing the stealing.

Obama Clamps Down On Banks

"Video: Obama Steps Up Campaign Against Wall Street"

U.S. President Barack Obama has announced new measures to clamp down on American banks, via limiting their participation in hedge funds, which are risky investment vehicles.

Wall Street was not pleased with the news, as it means a number of big banks will have to sell off or spin off, certain divisions of their financial institutions.

I remember years ago when brokers began to brag about hedge funds as the new must have investment vehicle. At the time, I interpreted it as an enclosure for shaky investments some did not wish to provide an adequate explanation for, as they are risky. But really, people should have seen that disaster coming - since when do the words "risky" and "investment" in the same sentence spell success.

Ruth Madoff Sued

Bernard and Ruth Madoff

Ruth Madoff, the wife of incarcerated ponzi schemer, Bernard Madoff, has been sued by a trustee, seeking $45 million dollars in damages, for defrauded investors.

Ruth Madoff, was allowed to keep $2.5 million as apart of a plea deal her husband struck with the federal government, in exchange for a confession.

However, that money is set to be wiped out via legal fees and judgments, from lawsuit after lawsuit, filed by fleeced investors. I think it is just desserts, as the Madoffs unlawfully lived lavishly off the proceeds of financial crimes. Investors should also sue Madoff's sons and their wives and ex-wives, who pocketed millions in fraud money.

Ruth Madoff sued for $45 million

Last Updated: July 29, 2009: 3:13 PM ET - Court-appointed trustee claims Ruth Madoff has $44.8 million and wants her to turn it over for victims. Her lawyer says suit is 'perplexing.'

NEW YORK (CNNMoney.com) -- Ruth Madoff, wife of imprisoned Ponzi schemer Bernard Madoff, was sued Wednesday by a court-appointed trustee seeking $45 million in funds to compensate victims.

Last month, federal authorities seized the Madoffs' assets but left Ruth Madoff with $2.5 million -- an amount they could not tie to her husband's massive and long-running Ponzi scheme.

But Irving Pickard, the trustee appointed by U.S. Bankruptcy Court in New York, said that Ruth received $44.8 million in "fraudulent" transfers during the six years leading up to the bankruptcy of her husband's investment firm.

"While Madoff's crimes have left many investors impoverished and some charities decimated, Mrs. Madoff remains a person of substantial means," Pickard wrote in the suit. "The inequity between Mrs. Madoff's continuing financial advantages and the economic distress of Madoff's customers compels the trustee to bring this action."

Ruth Madoff's lawyer described the trustee's lawsuit as "perplexing" and unwarranted...

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