Posted on 06/12/2015 7:30:47 AM PDT by Renkluaf
In a dangerous deja vu, politicians and lobbyists are pressuring banks to throw open their lending windows for credit-poor people who want to buy homes but may not be able to afford them.
(Excerpt) Read more at news.investors.com ...
Here we go again!
This is just another Cloward and Piven strategy to destroy the economy.
It’s called: ‘Returning to the scene of the crime’!!
Great!!
Now they can finally and completely destroy home ownership in the USA.
What’s after that cash for clunkers phase 2?
I wonder if Jesse Jackson and Bill Clinton will team up again to force banks to loan to minority “families” who can never pay it back?
Maybe be my children can experience the market crash like we did. Ours was 07? Thiers will be about 2027. Probably won’t take that long this time since illegals will probably get in on the HELOC piggy bank.
It’s called: ‘Returning to the scene of the crime’!!
...
Or a dog returning to eat its vomit.
In a dangerous deja vu, politicians and lobbyists are pressuring banks to throw open their lending windows for credit-poor people who want to buy homes but may not be able to afford them.
...
This is what happens when the government runs the economy.
It shouldn’t matter as long as banks are not allowed to bundle them into packages, and then knowing they are trash, fraudulently sell the package of trash loans as low risk investment, then take out insurance policies betting that they will fail, while telling the client that they are awesome. And the insurance company insures them, knowing that they don’t have assets to cover the very predictable loss, but that the American taxpayer will pay it all in the end. If you don’t do that it isn’t a problem.
I know this is crazy, but there is nothing wrong with making loans to high risk people, as long as the bank rates it honestly, and sells the paper to people willing to buy high risk paper. This of course implies that the buyer will expect a higher rate of return.
My point is that the mortgage crisis always gets laid at the feet of the least sophisticated players in the game and government and international bankers are the innocent victims.
Quite the propaganda.
Government is running the economy to a point. The government is no more powerful than the bankers. The government and international bankers jointly govern for mutual benefit. This is why no bankers were held “accountable”.
They were doing exactly what government said they must, so government made sure it was good for them in the deal.
A government private partnership ruling. There’s a term for that. Fascist.
A few years ago robbers entered a bank in a small town.
One of them shouted: “Don’t move! The money belongs to the bank. Your lives
belong to you.”
Immediately all the people in the bank laid on the floor quietly and without
panic.
This is an example of how the correct wording of a sentence can make
everyone change their view of the world.
While running from the bank the youngest robber (who had a college degree)
said to the oldest robber (who had barely finished elementary school): “Hey,
maybe we should count how much we stole.” ?
The older man replied: “Don’t be stupid. It’s a lot of money so let’s wait
for the news on TV to find out how much money was taken from the bank.”
This is an example of how life experience is more important than a degree.
After the robbery, the manager of the bank said to his accountant:
“Let’s call the cops and tell them how much has been stolen.”
“Wait”, said the Accountant, “before we do that, let’s add the $800,000 we
took for ourselves a few months ago and just say that it was stolen as part
of today’s robbery.”
This is an example of taking advantage of an opportunity.
The following day it was reported in the news that the bank was robbed of $
3 million.
The robbers counted the money, but they found only $1 million so they
started to grumble.
“We risked our lives for $1 million, while the bank’s management robbed two
million dollars without blinking? Maybe its better to learn how to work the
system, instead of being a simple robber.”
This is an example of how knowledge can be more useful than power.
Moral :Give a person a gun, and he can rob a bank . Give a person a bank,
and he can rob everyone.
If you're doing it voluntarily I don't disagree with you but in this instance the government is telling you it must be done.
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