Comments on: The Subtle Nationalization of the Banks and Housing Market – How the Taxpayers Support the Banks through Pseudo Nationalization. We Own the Financial Junk and the Banks Collect the Profits. The Stunning SIGTARP Report.

By: England

England — Tue, 01 Jun 2010 00:19:29 +0000

He is a good speaker. He will not change anything. Unbelievably the opposition is so weak. I doubt, the opposition party also involved in this big scam. It is the newer version of corruption without mistake.

By: Rob

Rob — Fri, 05 Feb 2010 02:59:55 +0000

On a recent NPR Planet Money podcast, they talked to someone in the mortgage industry who receives calls from those with distressed properties. A few years ago, people were calling, trying to do anything to keep their homes from being foreclosed on. It was a fairly quick process. She said the banks now are waiting up to a year to get the process going, and that many calls she receives now are from people who want their foreclosures to be processed, so they can get out of the house and stop being responsible for property taxes. The banks are clearly dragging their heals… This sure gives credence to everything I read on doctorhousingbubble.com.

By: SWILLER

SWILLER — Thu, 04 Feb 2010 20:45:21 +0000

@ WP…yup, there goes that attitude. “Too bad, so sorry you got DEFRAUDED, but you should have known, now that you are broke and your credit is ruined, maybe you can live a better life.”
F that. Millions of americans were defrauded, but again, lets blame the people suffering and not the ones inflicting it. It’s horsecrap. The division is happening in this country….the gene pool may find itself short of quite a few people before it’s all over.
Who knows…maybe we should have another civil war…this time it will be for the emancipation of COMMON SENSE! North side is for common sense (hopefully people like you and I), south side is for perpetual debt slavery through FRAUD (wall st. banksters, government). The sad thing is…no Abraham Lincoln are anyone even CLOSE to his character in government to cause the civil war, so therefore, keep running on that hamster wheel slave. It’s squeeky again too, grease the bearings with the blood of illegal immigrants again.

By: SWILLER

SWILLER — Thu, 04 Feb 2010 20:37:58 +0000

@ Lucy There are loads of a-holes out there that would call you names and say you are a loser for defaulting on your loan, I think you did the SMART thing. At this point I would live in the house until the sheriff comes a knocking. Don’t think if you move out it will hasten the turnover because I see homes empty all over my neighborhood in Lake Forest that the banks have and no one is living in them. The system doens’t do “principal reductions” unless you give the house back, and in THAT case, they just bundle them together and sell them dirt cheap to their crony buddies!!! It’s another reason why homes are being held back.
Maybe…just maybe, one day the PEOPLE of the U.S. will stand up for the PEOPLE and not just blindly back wall St. and government. Your 100% right, all the scammers that used liar loans including the politicians who stripped Glass/Steagall should be tried and sentenced…..but that will never happen as you can PLAINLY see on any elitist controlled media outlet.
Follow the money….follow the money….it NEVER leads to us, they only TAKE our money.

By: WP

WP — Wed, 03 Feb 2010 17:49:41 +0000

Sorry to hear that Lucy. But in the long run you will most likely be better off not over-paying for an over-priced commodity. And considering it was an interest only loan, (I’m assuming you didn’t have a huge down-payment) you probably didn’t pay a lot more than you would have if you rented. You’ll take a ding on your credit, but you can chalk it up to experience, and I’ll bet you won’t make that mistake again.