Bad Banks & Bad Actors Hit The Lotto & We Get F'd...
This is the last straw...
Have you seen the highlights of Obama's housing bailout package?
You and I, the taxpayer who did everything right, who played
by the rules, and paid both our bills and our taxes; will pay
for the following people who will "hit the lottery" at our expense:
1. 4-5 million people who will be able to refinance at reduced
(taxpayer subsidized) mortgage rates through FNM, or FRE.
2. 3-4 million people who are current on their mortgage payments,
but who are "at risk?!?!" The banks will write down the mortgage
payments to 38% debt to income levels, and the government (READ:
THE TAXPAYER) will pay for reducing the payment down to a 31%
debt to income ratio.
3. The U.S. Treasury (READ: THE TAXPAYER) will share in the
cost of mortgage writedowns.
4. Both bad banks, and bad actors, will be rewarded with
get this... "Success Fees!" Bad banks will be rewarded with
cash bonuses for keeping at risk loans from going bad, and
bad borrowers will also be rewarded with "cash bonuses" for
keeping current on their newly "TAXPAYER SUBSIDIZED" lowered
mortgage payments!
5. Bad Banks will get also get paid by "THE TAXPAYER" to
re-write these bad loans (I think it was $1-$2,000) per loan.
6. The U.S. Treasury (READ: THE TAXPAYER) will DOUBLE the
guarantee to Fannie & Freddie to $400 Billion from $200 Billion.
I'm nearly #$%@'n speechless.
I live in the heartland of the industrial midwest.
We never got ANY benefit from the housing bubble. Home
values in nearly every city have fallen over the last decade.
Yes, newer construction in suburban developments, and custom
homes on lakes, ponds, and rivers did appreciate. But, nothing
like what was seen in California, Arizona, Nevada, or Florida...
the states you and I, are bailing out.
Here in the industrial midwest, we are taking the brunt of
the gutting of the manufacturing industry. We will not
benefit by putting an "artificial" bottom under housing in
California, Arizona, Nevada, and Florida.
And now we get "double whammied"... by never having shared in
the upside to the boom, and now having to subsidize it's bailout
and backstop?
I'm pretty much seeing @#%&'n red here.
And I'm wanting a helluva lot more than a pound of flesh.
This is just another vehicle to bail out bad banks, that's
being presented as a bailout for borrowers.
And the problem is... that it's not going to work, and everyone
on Main Street, Wall Street, and in Washington knows it!
The banks are going to have to be nationalized.
Greenspan said it last night at the New York Economic Club.
news.google.com
And Senate Banking Committee Member Lindsey Graham (R-SC),
has been leaking the talking points all week.
news.google.com
Let me cut to the chase...
What they are doing is propping up, and injecting cash into
key insider banks, (and now hedge funds too!) with massive
injections of TAXPAYER cash, and buying up their toxic assets
with TAXPAYER cash.
They are giving insider banks and now hedge funds, clean
and levered balance sheets... paid for by the TAXPAYER, so
that they can ultimately walk in and cherry-pick assets
at pennies on the dollar when (not if) the final house-of-cards
collapse occurs.
And they're engineering the collapse. This is a controlled
demolition, and takedown of America.
They are sucking out all the money now and handing it to
key insider banks and hedge funds...
-- knowing that the public is growing so outraged, that they
will not permit any more stimulus, or bailout packages.
-- knowing that further bailout, or stimulus packages will
crash bond, currency, and equity markets.
-- knowing that they will not have the funds for the inevitable
bailout of another "too big to fail/systemic risk" bank.
-- knowing that state and local governments will absolutely
need critical bailout funds, and loans in the near future.
-- knowing that Commercial Real Estate is about to collapse.
(key assets they are licking their lips over right now)
They are going to let state and local governments, public
services, pensions, and jobs collapse ... creating both
economic and social chaos (again, all by design).
They are going to let another "Lehman" go down, triggering
the final "by design" freefall systemic crash.
And then, they are going to step in and carpet bag America
just as planned.
And we'll beg for them to take away more rights, and the few
remaining freedoms we have, to save us.
...just as David Rockefeller, Henry Kissinger, and the
globalist shadow government have planned all along.
...just as so many of our forefathers warned would one day happen.
Concerning the reality of America being run by a Shadow
Government, I believe former US Senator Barry Goldwater
gave us the most direct and clear warning of what we
are seeing today...
"I believe the Council on Foreign Relations and its
ancillary elitist groups are indifferent to communism.
They have no ideological anchors. In their pursuit of a New
World Order [World Government] they are prepared to deal
without prejudice with a communist state, a socialist state,
a democratic state, monarchy, oligarchy -- it's all the same
to them.
Our government in Washington now is a horrible bureaucratic
mess. It is disorganized, wasteful, has no purpose, and its
policies -- when they exist -- are incomprehensible or devised
by special interest groups with little or no regard for the
welfare of the average American citizen..."
The Trilateral Commission is international...(and)...is
intended to be the vehicle for multinational consolidation of
the commercial and banking interests by seizing control of the
political government of the United States. The Trilateral
Commission represents a skillful, coordinated effort to seize
control and consolidate the four centers of power--political,
monetary, intellectual, and ecclesiastical."
--Barry Goldwater, U.S. Senator in his book "With No Apologies."
If you still think the "Shadow Government" is a conspiracy theory,
just wait... because in another 6-12 months, you won't.
SOTB
PS: Don't you wish they would quit saying that
"government", or the "Treasury" is going to pay for ___?
Why can't the damn media tell the truth and say...
YOU, THE TAXPAYER... are going to pay for __________.
The Treasury, and the government aren't paying for a damn thing,
you and I are paying for it all. |
