Tuesday, July 22, 2008

Bank Slaves For Sale

We the people are most effected by the political puppet show starring the Democrats and Republicans which does little more than keep us from paying attention to the people that actually run this country.

100 years ago, politicians had a job to do that was directly related to running the country. the last century has seen politics become a televised distraction to prevent people from noticing that private banks make the rules and the people only have the power to complain. Thanks to the politicians doing their part, we're not even complaining to the right people.

I know it's business, but it's unfortunate when that business is built on the blood of our forefathers.
Posted by Blog Friend at 11:51 PM 0 comments
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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?