Will You Vote Manny Villar for President?

**badsekktor** · March 5th, 2010 04:36 PM

Originally Posted by uls

di naman ganun

Villar's low-cost housing companies benefitted greatly from govt financing programs for low income home buyers

dami bumili ng bahay na gawa ng Palmera, Camella with loans from Pag-IBIG, NHMFC

Ah i see so all that Villar did is to introduce very very low cost housing thru government financial institutions.

Anyway as business people always think.... always use your leverage to your advantage and I guess Villar is just doing what business people do.

I honestly admire the guy.... acquiring that much wealth and power when most of us would only dream of having.....

I really just dont see him as an individual doing honest public service....

**uls** · March 5th, 2010 05:07 PM

+++++++++++++++++++++++++++++

**uls** · March 5th, 2010 05:12 PM

Who determines the valuation of Villar's low-cost housing?

i really don't know

probably Pag-IBIG and NHMFC people

they probably dont even appraise or inspect the properties and just approve and release whatever amount Villar's real estate companies ask for

tapos may commission from Villar's companies ang mga tao na nag-approve ng loan

speculating lang po

there's incentive for govt people to approve loans for home buyers of Villar's low cost housing

the govt people get a commission from Villar's companies for every loan they approve

so it doesnt matter to govt people if the home buyers are not creditworthy

the important thing is they get their commission

it's the govt's problem anyway when the loans turn bad

Villar's companies get paid

govt people make money

everybody happy

**Monseratto** · March 5th, 2010 05:19 PM

Well because he was one of those who introduced the whole scheme. He also introduced into law that pumped in more public money into the bankrupt mortgaged scheme to make sure he gets paid. Doesn't this sound the same as the C5 scheme???

Charge V. Representative Villar, in his bid for the speakership, prepared a propaganda kit that he distributed to Congressmen and media. I think you were given copies of the one. It is entitled “Manny B. Villar, Jr., Achiever and Visionary Leader,” and [in] the “Legislative Performance of Congressman Manny B. Villar, Jr.” Representative Villar unequivocally said that he “incorporated in the landmark Comprehensive and Integrated Shelter Finance Act, Republic
Act No. 7835, the recapitalization of the National Home Mortgage and Finance Corporation and the amendment to the Agri-Aqua Law to include housing investment.”
Speaker Villar’s companies are engaged in housing. He thereby violated the Anti-Graft Law.

The aforementioned Act, which incorporates H.B. No. 6145, co-authored by then Representative Villar mandates “banks to extend to housing loans not utilized for agriculture and agrarian reform credit.” In other words, loanable funds for agriculture and agrarian credit are to be re-channeled to housing, Speaker Villar’s business.

Representative Villar co-authored H.B. No. 11005 which “increased the capital of the National Home Mortgage and Finance Corporation” and is the main source of funding of Speaker Villar’s companies. President Estrada admitted that the National Home Mortgage and Finance Coporation is presently bankrupt. He said that to the following: LAMP President Edgardo Angara, Congressman Agapito Aquino, Presidential Legislative Liaison Officer Jimmy Policarpio, former Congresman Miguel Romero and myself. The President no less said that it is bankrupt. Increasing the capitalization of a bankrupt GFI benefited Representative Villar’s housing companies.
In the same propaganda kit of Speaker Villar, it states that “also passed by the House were Villar’s measures to make Pag-ibig Find contributions compulsory and to increase housing investments with the SSS.” Pag-ibig is a main source of funding of Speaker Villar’s companies.

In a word, Representative Villar’s legslation from 1992 to 1998 were designed to benefit his business, a violation of the Anti-Graft Law.
Now, the same provision of the Anti-Graft and Corrupt Practices Act, provides in the third paragraph of Section 6 thereof, as follows:

It shall likewise be unlawful for such member of Congress or other public officer, who, having such interest prior to the approval of such law or resolution authored or recommended by him, continues for thirty days after such approval to retain such interest.

Charge VI. When those bills that Representative Villar introduced or co-authored were enacted into law, he did not divest himself of his interest in his companies that benefited therefrom.

**badsekktor** · March 5th, 2010 05:23 PM

Originally Posted by uls

i really don't know

probably Pag-IBIG and NHMFC people

they probably dont even appraise or inspect the properties and just approve and release whatever amount Villar's real estate companies ask for

tapos may kickback from Villar's companies ang mga tao na nag-approve ng loan

speculating lang po

there's incentive for govt people to approve loans for home buyers of Villar's low cost housing

the govt people get a kickback from every loan they approve

so it doesnt matter to govt people if the home buyers are not creditworthy

the important thing is they get their kickback

it's the govt's problem anyway when the loans turn bad

Villar's companies get paid

govt people make money

might be speculation but with the things going in the government, what you said might be what they practice......

it just sucks when youre being duped and you cant do anything to prevent it or held the culprit liable.....

**uls** · March 5th, 2010 05:26 PM

Originally Posted by badsekktor

Ah i see so all that Villar did is to introduce very very low cost housing thru government financial institutions.

Anyway as business people always think.... always use your leverage to your advantage and I guess Villar is just doing what business people do.

I honestly admire the guy.... acquiring that much wealth and power when most of us would only dream of having.....

I really just dont see him as an individual doing honest public service....

Villar positioned his companies to benefit from govt home financing programs

he's good

**safeorigin** · March 5th, 2010 06:00 PM

not to mention using his power to actually put pressure on investors and escape lawsuits

**uls** · March 5th, 2010 06:12 PM

Representative Villar co-authored H.B. No. 11005 which “increased the capital of the National Home Mortgage and Finance Corporation” and is the main source of funding of Speaker Villar’s companies. President Estrada admitted that the National Home Mortgage and Finance Coporation is presently bankrupt. He said that to the following: LAMP President Edgardo Angara, Congressman Agapito Aquino, Presidential Legislative Liaison Officer Jimmy Policarpio, former Congresman Miguel Romero and myself. The President no less said that it is bankrupt. Increasing the capitalization of a bankrupt GFI benefited Representative Villar’s housing companies.

In the same propaganda kit of Speaker Villar, it states that “also passed by the House were Villar’s measures to make Pag-ibig Find contributions compulsory and to increase housing investments with the SSS.” Pag-ibig is a main source of funding of Speaker Villar’s companies.

corruption evolves

there's primitive corruption

primitive corruption is by use of violence

leaders use guns and goons to hold on to power and control the country's wealth

there's less-primitive corruption

less-primitive corruption is the under-the-table deals, kickbacks

then there's sophisticated corruption

sophisticated corruption is when influence is used to create legislation in your favor

sa States, there's lobbying

companies lobby lawmakers to create and pass laws that will benefit the companies' interests

corruption na "legal"

Villar is different

He doesnt use violence

and kickbacks are too smalltime for him

Villar is on a whole different level of corruption

His corruption takes place inside the complex workings of govt

like a retrovirus that integrates itself into host DNA

before anybody notices, he made billions flow his way

violence, kickbacks are kidstuff

this guy is good

**Monseratto** · March 5th, 2010 07:00 PM

And the billions he "earned" is now being used to "buy" his way into the presidency...Galing!

**JackFlash** · March 5th, 2010 07:14 PM

Good News: Despite his heavy media spending, the latest Pulse Asia survey shows that Villar's ratings have dropped by 6%.

Bad News: Erap's ratings went up by 6%.

More here: http://newsinfo.inquirer.net/breakin...ntial-racepoll

Abe Lincoln's quote rings true in this case:

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.

... even if you spend billions of pesos in advertising.