Video: Everyone’s Defaulting, Aren’t You?
January 20, 2010 by christine
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round one 80/20 piggy (BANK) mortgage wipe retirement accounts in favor of banks r2 wipe out small banks in favor of BIG BANKS, R3 wipe out the government in favor R4 transfer toxic to government R5 unload on investors for their cash. Round 5 leave the country with all the Gold. Round six ROME IS BURNING. what causes ROME BURNING. GOVERNMENT IGNORING WHO IT SERVES round one help banks instead of the real need. round two take all the homes and make it easy for investors to buy cash and sell at huge profits to main street. It is a harsh sign when two major changes occur with hud, one cutting seasoning transferring asset at value for gold.investor beware round five above. every move was anticipated or precipitated by banks. short sales were delayed and then one day new short sale rules. now hud accelerating unloading properties shows something bigger than the financial meltdown. second sign increasing fees and downpayment requirements signals tearing at the seams, more bubble bursting. I thought where does all this fit in. and came up with the above. when the middle class is abandoned what is left, when detroit is allowed to die. that is a powerful signal of what is to come. history shows great powers start receding city by city look at USSR the latest. the average person has been abandoned and deceived. I hope for the best. The wheels are turning in one obvious manner. I heard talk today of 40 and fifty year mortgages possible. not to mention the additional tax due to bailouts.
by ROME IS BURNING, I refer to the riots we had in the past in Los Angeles and several other cities, we have forgotten. the latest was France several years back. You can not sway Capitalism past a certain point, I add that I am not personally in favor or against bankers. They do a service. What is wrong is the handling of the situation. And that is a serious problem. as you point out the wealthy default hugely and often e.g. Donald trump, The Capitalist hero has gone through several bankruptcies and will go throught more, as a matter of convience. There have been many large corporations do the same and then there is the auto industry.
round one 80/20 piggy (BANK) mortgage wipe retirement accounts in favor of banks r2 wipe out small banks in favor of BIG BANKS, R3 wipe out the government in favor R4 transfer toxic to government R5 unload on investors for their cash. Round 5 leave the country with all the Gold. Round six ROME IS BURNING. what causes ROME BURNING. GOVERNMENT IGNORING WHO IT SERVES round one help banks instead of the real need. round two take all the homes and make it easy for investors to buy cash and sell at huge profits to main street. It is a harsh sign when two major changes occur with hud, one cutting seasoning transferring asset at value for gold.investor beware round five above. every move was anticipated or precipitated by banks. short sales were delayed and then one day new short sale rules. now hud accelerating unloading properties shows something bigger than the financial meltdown. second sign increasing fees and downpayment requirements signals tearing at the seams, more bubble bursting. I thought where does all this fit in. and came up with the above. when the middle class is abandoned what is left, when detroit is allowed to die. that is a powerful signal of what is to come. history shows great powers start receding city by city look at USSR the latest. the average person has been abandoned and deceived. I hope for the best. The wheels are turning in one obvious manner. I heard talk today of 40 and fifty year mortgages possible. not to mention the additional tax due to bailouts.
by ROME IS BURNING, I refer to the riots we had in the past in Los Angeles and several other cities, we have forgotten. the latest was France several years back. You can not sway Capitalism past a certain point, I add that I am not personally in favor or against bankers. They do a service. What is wrong is the handling of the situation. And that is a serious problem. as you point out the wealthy default hugely and often e.g. Donald trump, The Capitalist hero has gone through several bankruptcies and will go throught more, as a matter of convience. There have been many large corporations do the same and then there is the auto industry.