Why should the Fed buy doomed to failure mortgages?
These companies knew exactly what they were doing. Nobody held a gun to their head and made Citibank base 60% of its business on overinflated house prices.
There was no statute making them give loans - that is a huge not tell the truth and bait and switch tactic by these companies wanting handouts to fix their bad decisions. If "Acorn" have anything remotely to do with the situation then why hasn't any core politician including McCain said so? Because it's not true, plain and simple.
So, who decides how much these bad mortages are worth? Are we supposed to compensate for them at the rate they were bought when the real estate surrounded by the entire country has dropped 30-50%?
And since when is the US government contained by the business of making sure every investment any company makes will make a profit? They sure as hell don't do it for my business.
Your thoughts?
Answers:
let's assume your company have $60 billion in cash and be looking for some investments to make. You call up Citibank and find out they're liable to sell you their loan portfolio at a 50% discount of their loan value. You believe that if you held on to these loans for another 3-4 years, the effectiveness would be rebound and you could then deal in them at what they are actually worth, thus doubling your money. In this scenario, if you had $60 billion to invest, you'd dive all over it.
Well, that's exactly what the gov't is doing. Why wouldn't they? I don't have $60B to invest, but I do enjoy $10K to invest. If I could call up Citibank and buy just one loan for 10K I'd do it. Unfortunately they won't/can't get rid of just one loan, they have to supply deal with someone (ie: the gov't) that can buy billions surrounded by loans.
Well for one thing, the approach US law is set up, it's so business-friendly and population hostile that they need to do this to preserve families off of the streets. So much for the trickle-down effect.
You've get to look at the bigger picture, this has been going on for Hundreds of years, and the individuals who run the show are the money lenders.
Follow the money, The Fed is a privately owned bank, run by its "member banks". They create money out of zilch, then sell it to our affairs of state at interest. So our money from its very inception is already a form of debt.
Heres a quote from Mayer Amschel Rothschild
"Give me control of a nation's money and I care not who make the laws."
Our money, instead of being supplied interest free as a way of exchange, now comes as a debt owed to bankers providing them with incalculable profits, power and control, as the rest of us struggle with an increasing burden of debt.... There is much less risk to making loans than investing within a business. Interest is payable regardless of the success of the venture. If it fail or cannot meet the interest payments, the bank may confiscate and later sell the borrower’s property. Borrowing is extremely costly to borrowers who may finish off up paying back 2 or 3 times the sum lent. The banks are acquire an ever increasing stake in our land, housing and other assets through the indebtedness of individuals, industry, agriculture, services and rule - to the extent that Britain and the world are today effectively owned by them.
This is what our founding fathers fought against. It appears we have lost what they fought for, America be in the beginning the greatest threat to the money-lenders.
A great quote from Thomas Jefferson:
The inner bank is an institution of the most deadly nouns existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or summary for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the bank and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.
Our founding father knew what was up, hopefully the general public of America wake up.
Related Questions:
Who do you believe are worst human trash b...? Car salesmen, mortgage brokers, lawyer, or politicians.?
You may add another if you want POLITICIANS... Biggest liars,and thiefs around. My life have been destroyed by people using secret cameras during the invasion and theft of my privacy. I was surrounded by my...
There was no statute making them give loans - that is a huge not tell the truth and bait and switch tactic by these companies wanting handouts to fix their bad decisions. If "Acorn" have anything remotely to do with the situation then why hasn't any core politician including McCain said so? Because it's not true, plain and simple.
So, who decides how much these bad mortages are worth? Are we supposed to compensate for them at the rate they were bought when the real estate surrounded by the entire country has dropped 30-50%?
And since when is the US government contained by the business of making sure every investment any company makes will make a profit? They sure as hell don't do it for my business.
Your thoughts?
Answers:
let's assume your company have $60 billion in cash and be looking for some investments to make. You call up Citibank and find out they're liable to sell you their loan portfolio at a 50% discount of their loan value. You believe that if you held on to these loans for another 3-4 years, the effectiveness would be rebound and you could then deal in them at what they are actually worth, thus doubling your money. In this scenario, if you had $60 billion to invest, you'd dive all over it.
Well, that's exactly what the gov't is doing. Why wouldn't they? I don't have $60B to invest, but I do enjoy $10K to invest. If I could call up Citibank and buy just one loan for 10K I'd do it. Unfortunately they won't/can't get rid of just one loan, they have to supply deal with someone (ie: the gov't) that can buy billions surrounded by loans.
Well for one thing, the approach US law is set up, it's so business-friendly and population hostile that they need to do this to preserve families off of the streets. So much for the trickle-down effect.
You've get to look at the bigger picture, this has been going on for Hundreds of years, and the individuals who run the show are the money lenders.
Follow the money, The Fed is a privately owned bank, run by its "member banks". They create money out of zilch, then sell it to our affairs of state at interest. So our money from its very inception is already a form of debt.
Heres a quote from Mayer Amschel Rothschild
"Give me control of a nation's money and I care not who make the laws."
Our money, instead of being supplied interest free as a way of exchange, now comes as a debt owed to bankers providing them with incalculable profits, power and control, as the rest of us struggle with an increasing burden of debt.... There is much less risk to making loans than investing within a business. Interest is payable regardless of the success of the venture. If it fail or cannot meet the interest payments, the bank may confiscate and later sell the borrower’s property. Borrowing is extremely costly to borrowers who may finish off up paying back 2 or 3 times the sum lent. The banks are acquire an ever increasing stake in our land, housing and other assets through the indebtedness of individuals, industry, agriculture, services and rule - to the extent that Britain and the world are today effectively owned by them.
This is what our founding fathers fought against. It appears we have lost what they fought for, America be in the beginning the greatest threat to the money-lenders.
A great quote from Thomas Jefferson:
The inner bank is an institution of the most deadly nouns existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or summary for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the bank and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.
Our founding father knew what was up, hopefully the general public of America wake up.
Related Questions:
Who do you believe are worst human trash b...? Car salesmen, mortgage brokers, lawyer, or politicians.?
You may add another if you want POLITICIANS... Biggest liars,and thiefs around. My life have been destroyed by people using secret cameras during the invasion and theft of my privacy. I was surrounded by my...