Posts Tagged ‘jaime dimon’

Buffett, Dimon, Housing, Economic, Political Freedom, IG, Deep State, and Manufactured Housing Industry Progress

June 15th, 2018 Comments off


None are more hopelessly enslaved than those who falsely believe they are free.”

– Johann Wolfgang von Goethe, GoodReads.


Chains of habit are too light to be felt until they are too heavy to be broken.”

– Warren Buffett, BrainyQuotes.


Most of us are imprisoned by something. We’re living in darkness until something flips on the switch.”

–      Wynonna Judd, GoodReads.


Like a snake sheds its skin, we are capable of getting rid of assembled habits, creating space to call matters into question…We can retreat, then, from the imprisonment of a deadly routine, acquire an identity and develop our personality.”

– Erik Pevernagie, “Man Without Qualities.”


The American economy is becoming the envy of the world, says a new report in NewsMax.


While U.S. economic growth is surging, other national economies are reportedly slipping and faltering.

Coincidence? Hardly.

Even left-of-center sources or Democratic supporting political supporters are starting to acknowledge that Trump Administration policies, including regulatory rollbacks, and the Tax Cuts and Jobs Act, are fueling economic expansion.

Politically Incorrect Cartoon Commentaries, Lighter Side of Making America and Manufactured Housing Great Again

Jobs that former President Barack Obama said where never coming back to the U.S. – like mining and manufacturing – are roaring back under the Trump Administration’s leadership.


Billionaires Warren Buffett, Chase’s Jaime Dimon Praise U.S. Economy

For those who don’t know, Warren Buffett has been a Trump critic long before his successful run for the Oval Office.

So, it is worth noting that Warren Buffett, who supported Barack Obama and later Secretary Hillary Clinton, recently praised the U.S. economic recovery that has been occurring as a result of President of the United States (POTUS) Donald J. Trump’s leadership.

Buffett says you should buy stocks, or make investments, when the long-term outlook in a field or company is good.  Think about that as you ponder Berkshire Hathaway’s moves in the manufactured housing industry space in the last 15 years.

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

As regular manufactured home industry Daily Business News readers know, Buffett’s Berkshire Hathaway includes numerous brands in and serving the manufactured housing industry.

Longtime, careful readers know Buffett supported policies that are often the opposite of what POTUS Trump is successfully promoting.

Taking each candidate at their word, Secretary Hillary Clinton would not have signed S 2155 into law, but President Trump did.

White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform



This Buffett quote is worth pondering in the light of MHI and related controversies.


The DOJ’s Inspector General’s Report

On 6.14.2018, the Department of Justice (DOJ) Office of the Inspector General (IG) Office released an eighteen month report that points to issues with the 2016 election that point to a “Deep State,” and to issues that aren’t based in Russia, but rather are found right here in the U.S.A.

Before diving into elements of the DOJ IG report, let’s set the table with an understanding of the origin of the concept of the Deep State.


What is the “Deep State?”

Wikipedia says that “The term “deep state” was defined in 2014 by Mike Lofgren, a former Republican U.S. congressional aide, as “a hybrid association of elements of government and parts of top-level finance and industry that is effectively able to govern the United States without reference to the consent of the governed as expressed through the formal political process.”

According to whistleblower Edward Snowden, “the deep state is not just the intelligence agencies, it is really a way of referring to the career bureaucracy of government. These are officials who sit in powerful positions, who don’t leave when presidents do, who watch presidents come and go…they influence policy, they influence presidents.”

While some, like the New York Times, dismiss the notion of the Deep State, it is becoming widely discussed across the left-right media divide. The discussion on the so-called deep state is so intense, it’s spawned an upcoming cable TV series on Epix.

Part of the issue of “Deep State” bureaucrats, who are shown as flaunting rules that prohibit them from playing favorites, leaking information to the press, having their own agenda vs. that of an elected administration, and the like.


There are those in MHVille who point to Pam Danner, the prior administrator of the Office if Manufactured Housing Programs at HUD, as an example of the Deep State at work in ways that harmed the manufactured housing industry. Danner did so, they say, until she was finally removed.

Citing sources, the Washington Post report noted that it was MHARR, not MHI, that worked for Danner’s removal.

While he focused on the military-industrial complex, President Dwight D. Eisenhower raised a similar theme to the Deep State over half-a-century ago.  In his 1961 farewell address, POTUS Ike said “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”

The maxim of the proverbial “power behind the throne” makes it clear that various understandings of the Deep State are ancient, not new.



The IG’s Report Points to Deep State Woes 

The DOJ’s IG report is a both a political and legal document. It claims that there is no evidence of undue influence or favoritism, before or since the 2016 election, in the FBI or DOJ.

Nevertheless, sources that have read the over 500 page report say it is replete with examples of the opposite.

Attorney, constitutional author, and talk radio firebrand Mark Levin – who at one point was a “never Trump” believer – gives a quick litany of examples. Levin lays out the facts of how the IG report reveals wildly problematic legal issues, with a strongly and illicit anti-Trump bias.

Tucker Carlson, who has an independent, libertarian bent, had several features last night that likewise raised issues with the IG report.

The video below is about what the IG report reveals about the FBI, according to a former FBI Assistant Director.



Judicial Watch President Tom Fitton on inspector general’s report’s findings in the handling of the Hillary Clinton investigation: Don’t trust mainstream media analysis.


Donald Trump Jr reacts to DOJ IG report.



Rudy Giuliani, attorney for President Trump, speaks out after the release of DOJ inspector general report on the FBI’s handling of the Clinton email investigation.



The president’s legal-team point man, former New York Mayor Ruddy Giuliani, said the IG report is proof that the entire special counsel handling has been tainted from the beginning.  He claims it is leading away from clear evidence of illegalities allegedly committed by Secretary Clinton and her supporters.

Meanwhile, with no evidence yet of any direct or illegal ties to Russia by the Trump campaign, there were “spies” (informants) used, electronic, and other surveillance methods used against now President Trump’s team.

The deep state could be viewed through the “Drain the Swamp” lens that helped elect Donald Trump.


When senior FBI agents vowed to keep Mr. Trump from winning, or would cause him to be wrongfully impeached once he won, it is a constitutionally frightening development.

Elections are a peaceful way of selecting representatives of the people in a Republic. Elections create a stake for voters.  But if elections can be rigged by high-level public officials, attempting to work behind the scenes, that’s a problem that will not end well.

But it would be naïve to think that high-level “rigging of the system” was new.

We noted the concern of President Eisenhower.  But other examples exist of the power of the unelected bureaucratic federal officials – including but not limited to, the FBI – during the Vietnam conflict, and during the civil rights movement.

This is why vigilance is necessary.  That’s a basic price of freedom.


Every day, foreign powers seek to influence each other’s politics. That’s nothing new. The U.S. has done it, China and Russia do it, as do other nations too. So the hype – mostly from the left – over “Russia, Russia, Russia” shouldn’t be overlooked, but it must be taken in context.

For Americans to remain free, “We, the People” must be properly informed. President Trump and Bernie Sanders alike were debatably correct when each said that the “system is rigged.”

Day by day, it seems clear that the 45th Chief Executive of the United States means to keep his campaign promises.

Everyone has character foibles and flaws.


James Watt was known for insightful quotes.

But Mr. Trump is demonstrably taking the nation in a better economic direction. The steps he’s taken have been good for business in general, and good for manufactured housing.

Editorially, MHProNews has and continues to support President Trump based upon principles like tax cuts that have worked for past Democratic and Republican presidents alike.

As the midterms are approaching, there is a fight within the Democratic party between moderate and more socialistic Democrats. So say members of the Democratic party.

Doug Schoen, Clinton Adviser, warns – “Democrats must advance an agenda…to create a society of opportunity for all – not guaranteed outcomes achieved through wealth redistribution.”

In the GOP, recent voting indicates that pro-Trump candidates are outperforming so-called moderate or more traditional Republicans.

Time and again, the president has found a way to get things done. That’s why Americans elected him.  Unelected “deep state” actors ought not be permitted to foil the will of the people, expressed in a valid election.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

NorthStar and Manufactured Housing Radix



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Jaime Dimon: Housing Market Closing in on Bottom

January 17th, 2012 Comments off

MHProNews has learned from OriginationNews JPMorgan Chase chairman and CEO Jaime Dimon says the “turn” in the housing market is at least getting closer as the economy slowly improves. Noting the decline in the shadow inventory, he says it’s cheaper to buy than it is to rent in some markets. The company’s mortgage division has added 15-20,000 employees to handle default servicing and real estate-owned (REO) property, but Dimon says that number has peaked and will start decreasing. JPM anticipates a loss of $350 million each quarter this year on Fannie Mae and Freddie Mac buybacks. The settlement over the robo-signing/foreclosure scandal with the state attorneys general and the Department of Justice is getting closer to a resolution, he notes.

(Photo credit: NewYorkPost)