Saturday, August 02, 2014

American Betrayal


"This explosive book is a long-needed answer to court histories that continue to obscure key facts about our backstage war with Moscow. Must-reading for serious students of security issues and Cold War deceptions, both foreign and domestic."

-- M. Stanton Evans, author of Stalin's Secret Agents and Blacklisted by History: The Untold Story of Senator Joe McCarthy and His Fight Against America's Enemies

"[West] only claims `to connect the dots,' which is a very modest description of the huge and brilliant work she has obviously done. ... It is not simply a good book about history. It is one of those books which makes history."

-- Vladimir Bukovsky, author of To Build a Castle and co-founder of the Soviet dissident movement, and Pavel Stroilov, author of Behind the Desert Storm.

"Every once in a while, something happens that turns a whole structure of preconceived ideas upside down, shattering tales and narratives long taken for granted, destroying prejudice, clearing space for new understanding to grow. Diana West's latest book, American Betrayal, is such an event."
-- Henrik Raeder Clausen, Europe News

"No book has ever frightened me as much as American Betrayal. ... It all adds up to a story so disturbing that it has changed my attitude to almost everything I think about how the world actually is."

-- Steven Kates, Quadrant

Her task is ambitious; her sweep of crucial but too-little-known facts of history is impressive; and her arguments are eloquent and witty. ... American Betrayal is one of those books that will change the way many of us see the world.

-- Susan Freis Falknor, Blue Ridge Forum

“What Diana West has done is to dynamite her way through several miles of bedrock. On the other side of the tunnel there is a vista of a new past. Of course folks are baffled. Few people have the capacity to take this in. Her book is among the most well documented I have ever read. It is written in an unusual style viewed from the perspective of the historian—but it probably couldn’t have been done any other way.”

-- Lars Hedegaard, historian, editor, Dispatch International

"Diana West's new book rewrites WWII and Cold War history not by disclosing secrets, but by illuminating facts that have been hidden in plain sight for decades. Furthermore, she integrates intelligence and political history in ways never done before."

-- Jeffrey Norwitz, former professor of counterterrorism, Naval War College

Diana West’s American Betrayal — a remarkable, novel-like work of sorely needed historical re-analysis — is punctuated by the Cassandra-like quality of “multi-temporal” awareness. ... But West, although passionate and direct, is able to convey her profoundly disturbing, multi-temporal narrative with cool brilliance, conjoining meticulous research, innovative assessment, evocative prose, and wit.

-- Andrew G. Bostom, PJ Media

Do not be dissuaded by the controversy that has erupted around this book which, if you insist on complete accuracy, would be characterized as a disinformation campaign.

-- Jed Babbin, The American Spectator

The most important anti-Communist book of our time.

-- J.R. Nyquist, contributor, And Reality Be Damned ... What Media Didn't Tell You about the End of the Cold War and the Fall of Communism in Europe

The polemics against your Betrayal have a familiar smell: The masters of the guild get angry when someone less worthy than they are ventures into the orchard in which only they are privileged to harvest. The harvest the outsider brought in, they ritually burn.

-- Hans Jansen, former professor of Islamic Thought, University of Utrecht 

West's lesson to Americans: Reality can't be redacted, buried, fabrictaed, falsified, or omitted. Her book is eloquent proof of it.

-- Edward Cline, Family Security Matters

In American Betrayal, Ms. West's well-established reputation for lacking "sacred cows" remains intact. The resulting beneficiaries are the readers, especially those who can deal with the truth.

-- Wes Vernon, Renew America

After reading American Betrayal and much of the vituperation generated by neconservative "consensus" historians, I conclude that we cannot ignore what West has demonstrated through evidence and cogent argument.

-- John Dale Dunn, M.D., J.D., Journal of American Physicians and Surgeons

Enlightening. I give American Betrayal five stars only because it is not possible to give it six.

-- John Dietrich, formerly of the Defense Intelligence Agency and author of The Morgenthau Plan: Soviet Influence on American Postwar Policy.

If you're looking for something to read, this is the most dazzling, mind-warping book I have read in a long time. It has been criticized by the folks at Front Page, but they don't quite get what Ms. West has set out to do and accomplished. I have a whole library of books on communism, but -- "Witness" excepted -- this may be the best.

-- Jack Cashill, author of Deconstructing Obama: The Lives, Loves and Letters of America's First Postmodern President and First Strike: TWA Flight 800 and the Attack on America

Diana West masterfully reminds us of what history is for: to suggest action for the present. She paints for us the broad picture of our own long record of failing to recognize bullies and villains. She shows how American denial today reflects a pattern that held strongly in the period of the Soviet Union. She is the Michelangelo of Denial.

-- Amity Shlaes, author of Coolidge and The Forgotten Man: A New History of the Great Depression

American Betrayal is a monumental achievement. Brilliant and important.

-- Monica Crowley, Fox News analyst, radio host and author of What the Bleep Just Happened: The Happy Warriors Guide to the Great American Comeback

"If you haven't read Diana West's "American Betrayal" yet, you're missing out on a terrific, real-life thriller."

-- Brad Thor, author of the New York Times bestsellers Hidden Order, Black List and The Last Patriot.

If the Soviet penetration of Washington, D.C., was so wide and so deep that it functioned like an occupation …
If, as a result of that occupation, American statecraft became an extension of Soviet strategy …
If the people who caught on – investigators, politicians, defectors – and tried to warn the American public were demonized, ridiculed and destroyed for the good of that occupation and to further that strategy …
And if the truth was suppressed by an increasingly complicit Uncle Sam …

Would you feel betrayed?

Now available from St. Martin's Press, American Betrayal: The Secret Assault on Our Nation’s Character

View Blog
Mar 3

Written by: Diana West
Tuesday, March 03, 2009 9:01 AM 

More on the "Minority Mortgage Meltdown" no one wants to talk about from Steve Sailer. Read and be educated. (Links in the original.)

Steve Sailer writes:

Was the mortgage meltdown the fault of Republicans or Democrats? Was it caused by the ideology of deregulation or of regulation?

Questions like that are fun to debate because they follow the usual fault lines that divide the country into fairly equal and thus intensely rivalrous halves.

But let’s think about the Housing Bubble from a more general standpoint for a moment. Is it terribly likely that a disaster that long gestated and then ran amok in plain sight for over three years (from 2004 into early 2007) would turn out to be overwhelmingly the fault of a single party or ideology?

Why wouldn’t the opposition have sounded the alarm? Don’t the Republicans and Democrats, as well as the free marketers and the leftists, all have well-oiled publicity machines for pointing out the shortcomings of their enemies?

Isn’t it more plausible that a vast, slow-motion catastrophe would be the result of a noncontroversial bipartisan consensus?

In particular, the more everyone agrees that dissent on a particular topic is unspeakably evil, if not unthinkably unimaginable, the more likely the country is to stumble over exactly that blind spot.

When everybody tells you, “Pay no attention to that man behind the curtain”, you really, truly need to start paying attention.

In recent decades, “diversity” has become one of America’s sacred mantras, propagandized relentlessly in the schools and the press. Expressing skepticism about the diverse within internal business communications has become, in effect, a civil offense, punishable in anti-discrimination lawsuits.

Not surprisingly, self-interested manipulators learned to play the race card to justify their machinations.

Thus, the universally-endorsed societal necessity of lending more money to minority homebuyers was used to justify both regulation (such as the Community Reinvestment Act) and deregulation (such as the hands-off approach to subprime bucket shops). Any practice positioned as helping minorities achieve their fair share of the American Dream had the wind at its back.

Consider, for example, three huge Southern California originators of dubious debt—Ameriquest, New Century, and Countrywide—all of which collapsed in recent years when Wall Street and the big banks finally wised up to the mortgage-backed securities they peddled.

Yet, on the retail side, these were not new-fangled scams. As Elvis Costello pointed out, there’s no such thing as an original sin. They operated old-fashioned boiler rooms employing high-pressure salesmen to talk people who had no business being homeowners into taking out huge high-interest loans.

Laissez-faire lending is like a zero down payment mortgage: there’s no margin for error. Fraud and even forgery always loom as temptations. E. Scott Reckard and Mike Hudson reported in 2005 for the Los Angeles Times on Ameriquest, then the biggest subprime originator:

"Borrowers were told what their income had to be to qualify, these ex-workers said, and they were often coached to invent fictitious side jobs, such as home-based computer consulting, to hit the mark. Nearly one out of every six Ameriquest mortgages sold to Wall Street investors in 2004 was a stated-income loan, according to a Times analysis of 90,000 Ameriquest mortgages listed in filings with the Securities and Exchange Commission."[Workers Say Lender Ran ‘Boiler Rooms’, February 4, 2005]

We’ve been down this path of fishy finance before. That’s why most states have usury and other laws on the books to prevent lenders from targeting marginal borrowers. Whether these laws are kept up to date and whether they are enforced are different questions, however.

It doesn’t matter whether you call them anti-predatory lending laws or pro-prudent lending laws. The point is that loans that are unlikely to be paid off hurt everybody. Wise public policy attempts to balance off Type I errors of excessive credulity versus Type II errors of excessive skepticism.

So, surely, the rise and fall of the subprime peddlers demonstrates the iniquity of the rightwing ideology of deregulation? We needed more regulation, not less!

Wrong! Please notice that minority lending regulations primarily pushed in what turned out to be the wrong direction: too much gullibility. When it came to mortgage lending to minorities, as regulated by the Community Reinvestment Act and other anti-discrimination laws, excessive skepticism was made illegal. Lenders and investors were only allowed to err in one direction.

Not surprisingly, excessive credulity came to dominate the system.

By no means were all the subprime peddlers sincere believers in the dogmas of multiculturalism. Instead, they knew they could wield political correctness like a club to scare off regulators.

Thus, to avoid inconvenient investigations, the owners of subprime mortgage originators tended to present themselves to politicians and the press as financial statesmen, moral leaders in the war on bigotry against minority borrowers.

Sue Kirchhoff reported in USA Today on April 17, 2007 in Subprime lenders’ big gifts helped lawmakers:

“The nation's top subprime lenders, including New Century Financial (NEWC), which has filed for Chapter 11, have lavished generous donations on homeownership programs sponsored by black or Hispanic members of Congress. The paid sponsorships give lenders an entree to lawmakers and their constituents. Along with New Century, backers include Countrywide Financial (CFC), which settled a New York fair-lending investigation in 2006 by agreeing to compensate black and Latino borrowers for improper loans and set up a $3 million consumer-education program. Another is Ameriquest Mortgage, which in 2006 agreed to a $295 million settlement with state attorneys general who charged it with improper lending practices.”

Similarly, Susan Schmidt and Maurice Tamman of the Wall Street Journal reported on January 5, 2009 in Housing Push for Hispanics Spawns Wave of Foreclosures:

"The Congressional Hispanic Caucus created Hogar in 2003 to work with industry and community groups to increase mortgage lending to Latinos. At that time, the national Latino homeownership rate was 47%, compared with 68% for the overall population. Hogar called the figure 'alarming,' and said a concerted effort was required to ensure that 'by the end of the decade Latinos will share equally in the American Dream of homeownership.'

Hogar's backers included many companies that ran into trouble in mortgage markets: Fannie Mae and Freddie Mac, both now under federal control; Countrywide Financial Corp., sold last year to Bank of America Corp.; Washington Mutual Inc., taken over by the government and sold to J.P. Morgan Chase & Co.; and New Century Financial Corp. and Ameriquest Mortgage Corp., both now defunct.

Hogar's ties to the subprime industry were substantial."

Angelo Mozilo of Countrywide, for instance, was a regular keynote speaker at minority conferences, where Tan Man regularly “called for the elimination of the down-payment requirements for low-income and minority borrowers.” [Mortgage Banking, January 2005]

Another SoCal subprime legend was the late billionaire and ambassador Roland Arnall, a leader of the Great and the Good as the co-founder of the Simon Wiesenthal Center and the Museum of Tolerance. He was also the owner of Ameriquest, which went out of business in 2007 after agreeing in 2006 to a $325 million settlement with 49 states over its abusive practices.

Arnall was a close personal friend of politicians of both parties. He gave the first $250,000 to Democrat Gray Davis’s successful 1998 California gubernatorial campaign. Gov. Davis reciprocated by officiating at Arnall’s second wedding. Those investments paid off in 2001 when Ameriquest’s friends in Sacramento failed to put teeth in a predatory lending bill.

In 2003, Arnall gave Gov. Davis $230,000, but donated to the man who unseated him, Arnold Schwarzenegger, $1.4 million. Arnall became the top donor nationally in the 2004 election cycle, leaning heavily toward the GOP after decades of favoring Democrats. Yet, according to his obituary in the Los Angeles Times, Arnall “continued to donate to certain Democrats, including many members of the Latino Caucus in the state Legislature.”

Arnall put a number of black civil rights leaders on the payroll, who helped him get confirmed as the U.S. ambassador to the Netherlands in 2006. ABC’s Nightline reported:

"I think no one has said, for example, that Roland Arnall personally supervised loans in a way that shows that he is not an individual of good character," the Leadership Conference on Civil Rights' Wade Hendersen told "Nightline."

While Hendersen said he is "profoundly disappointed that some of these practices that have now come to light would be associated with Ameriquest," he said that "at the end of the day, I'll stand by the fact that I think Roland Arnall is a man of integrity."

The Leadership Conference on Civil Rights has received hundreds of thousands in donations from Ameriquest.

Similarly, Deval Patrick, now the Democratic governor of Massachusetts, spoke up for Arnall’s nomination. Patrick joined the Ameriquest holding company’s board of directors in 2004 after suing them for discrimination in the 1990s. As Matthew Richer pointed out in last year:

“Indeed, the curious thing about Deval Patrick is his habit of suing an organization for discrimination, then parlaying the relationship into a coveted position with the same organization later on …”

It’s common for minority activists to start out by charging predatory lending, only to eventually announce in triumph that the lender has agreed to make even more loans to minorities.

If you stop and think about it, it’s obvious that more lending to minorities makes it mathematically inevitable that there will be even more imprudent loans to marginal borrowers and more foreclosures upon minority homebuyers.

But nobody stops and thinks because we’ve been told repeatedly that minorities don’t get enough loans.

By the way, who keeps telling us that? Well, it generally turns out to be people like Angelo Mozilo and Deval Patrick.

Funny how that works…

Or, in the case of the Minority Mortgage Meltdown, doesn’t work, bringing down the entire world economy.

America needs to get real about race--to acknowledge the man behind the curtain—before something even worse happens.

[Steve Sailer (email him) is movie critic for The American Conservative. His website features his daily blog. His new book, AMERICA’S HALF-BLOOD PRINCE: BARACK OBAMA’S "STORY OF RACE AND INHERITANCE", is available here.]


Privacy Statement  |  Terms Of Use
Copyright 2012 by Diana West