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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (265306)	7/31/2010 9:54:44 AM
From: arun gera	Respond to of 306849

>my guess is every time they "close a bank," they give the assets to one of their buddy banks and then write them a big fat check and leave society with the debt.> This is being done so openly that it is amazing that people are not talking about it at every gathering. There is a resistance in human beings to see something that makes them feel insecure about their future. Whenever, I bring this up in discussions with friends, they just ignore it. People think that bad things cannot happen to them, only to other less fortunate or capable. This is a transfer of everyone's assets/savings to the federal government and institutions (banks, large companies such as GE, GM that are guaranteed funding) closest to the federal government. -Arun

To: Skeeter Bug who wrote (265306)	7/31/2010 11:41:16 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

Evidently the Justice Dept. still doesn't understand the subtleties of the the municipal reinvestment market other than taxpayers being repeatedly fleeced. July 31, 2010 noir.bloomberg.com The charges are “without merit and in fact, a total fiction based on a lack of understanding of the municipal reinvestment market,” CDR said in a statement on its Web site. Haven't we heard that before? October 30, 2009 articles.latimes.com September 28, 2007 sec.gov “The whole investment process was rigged across the board,” said Charlie Anderson, who retired in 2007 as head of field operations for the Internal Revenue Service’s tax-exempt bond division. “It was so commonplace that people talked about it on the phones of their employers and ignored the fact that they were being recorded.” In a nutshell CDR is accused of giving local municipalities false information and then funneled insider info to banks. With the extra profits from these ill gotten gains the banks would then allegedly kickback the money to CDR. In some cases such as Jefferson County Alabama, the results were disastrous. Of course some of these municipalities it was more then getting false information, it was also alleged influence peddeling that allowed those deals to go forward. 46in08.blogspot.com Seems criminal. It's not.

To: Skeeter Bug who wrote (265306)	7/31/2010 10:45:57 PM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

I'm seeing something very similar on a smaller scale A 7 figure estate was left to me which is being contested. It's in another state Judge appoints temporary administrator whom is a friend of his and a fellow judge. The guy is cleaning it out and recklessly handling and there's not a thing I can do about it. I'm now on my 3rd lawyer who might be a little less fearful of rattling the cage, due to his age. Another local friend of theirs is suing estate and TA is "defending." Contesting lawyer also closely tied. They're all working together to strip/transfer the assets. At the rate it's going, I could end up with bus fare.