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This article is total smoke and mirrors. A distraction piece from the real issues at large. Short Sale Fraud! Get off it already. Are we that brainwashed to think...OMG someone is making a profit? Anyone remember the 80's? Remember RTC dumping whole shitpiles of houses and flip profits at insane levels...oh I guess no fraud there because some autocrat at RTC sold the units off in an auction? Some people lose and some people win IN THESE TYPES OF MARKETS. Between the Regulators needing to justify their fees/jobs with witch hunts and banks acting like victims, this makes me sick. I see banks turn down short sale deals that then go to auction that then sit for months and then sell through a REO broker for thousands and thousands less than the Short Sale contract. They are then bought by an investor and sold for a profit 1-180 days later. Where is that study from Corelogic? The only FRAUD Tom, is the current American Banking System. The King pin of the whole banking fraud being The Federal Reserve. How about the fact that the Federal Reserve is a private frickin bank, owned by private corporations, not even American Nationals. Yea, latest audit shows some 16.1T (that’s Trillion) going to friends and family not only in the USA but European banks? Why not write about that? You could take all the Short Sale fraud in the entire country and spend it in seconds compared to $16 Trillion. How about the fraud perpetrated on the American public that is known as fractional reserve lending. These practices put unlicensed ponzi schemes in prison while allowing “licensed” ponzi scheme banks to get bailed out with our TAX money and than taken over by other banks...where is the non fraud in that. People are borrowing nothing except electronic debits and credits that represent no real wealth. Loans are created from thin air using fractional ponzi schemes of 7-1, 10-1, 50-1 and some leveraged at 70-1 reserves. Electronic debits and credits in exchange for sticks and stones on dirt. That is Fraud. You trying to tell me that Wells Fargo using Wachovia paper they bought at .20 cents on the dollar then foreclosing for a 300% ROI is not Fraud? WTF over. Where is the FRAUD of using a totally WORTHLESS Fiat paper money system? Article I, Section 8 states: "The Congress shall have Power...to coin Money". Notice that it states "coin" not "print". Anyone who reads James Madison's notes of the Constitutional Convention, The Federalist Papers, etc. will find that one of the purposes of the Constitutional Convention was to do away with paper money--entirely! Thus for the first 72 years from the founding of our nation the united States' Government only minted gold and silver COINS for money. How about the Fraud of a 1913 dollar being worth 2 cents today? Gold was at $1,620+ dollars today. Have you considered that inflation is theft? History shows that the real “dollar” is a coin containing 371.25 grains (troy) of fine silver. History also demonstrates that official Washington, D.C., has no conception of what a “dollar” really is. The reason for this self-imposed ignorance is obvious. By reducing the “dollar” to a political abstraction, the government has empowered itself to engage in limitless debasement (depreciation in purchasing power) of our money. A “dollar” that must perforce of the Constitution contain 371.25 grains of fine silver cannot be reduced in value below the market exchange value of silver. A pseudo-“dollar” that contains no fixed amount of any particular substance per “dollar,” on the other hand, can be reduced in value infinitely. Why not write about real FRAUD and dump the Keystone Cops article.
Why don't they try bankruptcy? they should put this mess in bankruptcy! You don't have enough money in the universe to pay this bill! the leveraging of the past 30 years has lead to fractional like 140:1....some 160 TRILLION floating around the globe. Can any of you comprehended that? So why don't you admit it! They can't do it; they should declare bankruptcy, and just cancel all derivatives. We'll protect the firms that are driven into bankruptcy, in bankruptcy reorganization. We have no other course except to put our country into bankruptcy. Mortgage fairy my ass...get a clue-face the FACTS. We're about to launch the greatest hyperinflationary burst in modern history, unless we stop this. We're on the verge of a hyperinflationary explosion; they've been trying to conceal this hyperinflationary thing by tricks and the media so far. Now it can't work any more! So they've got to put the thing into receivership! Put it into bankruptcy now! There is nothing to do with this thing except put it into bankruptcy. Paulson-and all has cons have their cash back. This is not just the USA. Europe preceeded us by over 2 years. This is international. And if you don't want to blow out the world system, you're going to put the damn thing into bankruptcy now! You're going to put the legitimate banks under bankruptcy protection, now! No protection for derivatives, none! But the banks which may be put normally into bankruptcy as a result of that, are put under bankruptcy protection, and the derivatives payments are suspended. What that does, that's life and death time. If you don't do it, we will lose the country! Are you going to do it?— That's the whole point! Bush may not like it, but that's what you have to do! And, if you don't like the result, mail the bill to Bush! The Bush Administration itself, is going totally with the British line. And don't let this lame duck screw your economy! Bush and his cronies are just trying to push this into the print like mad administration. The hyperinflation is being unleashed. It's being unleashed over this Citibank thing, and this is the time to stop the bullshit. The policy must be to put Citibank and other banks under bankruptcy protection of their normal banking functions, which means freezing all claims based on the speculative investments called derivatives. No bailout for derivatives! Freeze them! Put the whole thing into bankruptcy and supply the protection to the regular functions of the banks. Then you don't have to pay out all that money. You don't have to put a nickel more into bailouts! Just put the thing under bankruptcy protection. Otherwise we see the storm..and the resulting One World Bank and Currency, along with huge suffering...like nothing any of the current living generations have EVER SEEN!!! Mark Eibner 303.800.1006 IPTVBoyz Making you relevant on the net
Looks like the need to head to The Hill for a bailout! Mark Eibner 303.800.1006 IPTVBoyz Making you relevant on the net
