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Pay Attention If You Are in the Real Estate Market

By Patrick   Follow   Tue, 18 Sep 2012, 1:04pm   1,289 views   4 comments
In Menlo Park CA 94025   Watch (1)   Share   Quote   Permalink   Like (2)   Dislike  

http://solari.com/blog/pay-attention-if-you-are-in-the-real-estate-market/

By Catherine Austin Fitts I used to have a deputy who said that the FHA mortgage insurance funds were where mortgages went to die. That was, however, before the creation of MERS, derivatives and the explosion of mortgage fraud during the 1990′s which in combination with the “strong dollar policy” engineered what I have referred to as a financial coup d’etat. The challenge for Ben Bernanke and the Fed governors since the 2008 bailouts has been how to deal with the backlog of fraud – not just fraudulent mortgages and fraudulent mortgage securities but the derivatives piled on top and...

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   1   4:11am Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   Patrick says how to deal with the backlog of fraud – not just fraudulent mortgages and fraudulent mortgage securities but the derivatives piled on top and... The LOVE of money is the root of all evil. Unleash greed en masse (as they did) and? This is precisely the price to be paid for it.

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   2   4:12am Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   Please explain how NancyPelosi is reported as being worth $100M USD? Pray tell from what?

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   3   4:20am Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   Even interest rate manipulation. If I were to factor in the cost of a magical 2.8 per interest loan on a loan that is at minimum $500K more than usual for the same property in a realistic market and I don't like what I see. I'd pay twice that interest on a lower loan because over 30 years I will be ahead. Add up the cost of paying for a grossly inflated property and then the extra interest associated costs if a property being purchased is 500K overpriced or any amount more than it should be over 30 years! Spit those numbers out it isn't pretty.

4. Waitup Follow Befriend 16 comments male Tustin, CA

   4   10:35pm Tue 9 Oct 2012   Share   Quote   Permalink   Like   Dislike   Wow this article is a bit of a red haring don't your think? Half of the counties in the U.S are in foreclosure! Come on maybe Vegas and San Bernardino, but for good reason. The rest are up including most of AZ. The Feds have no choice but to create short term inflation, and in the process devalue nearly all savings to bail the world out of a economic depression. America's economy doesn't just support countries like Libya, Egypt, Pakistan, and other 3rd world. It supports China, people quickly forget where China was less then 10 years ago. Americans are China's biggest consumer and yes they hold roughly 2 trillion in US paper, but it's a drop in the bucket compared to the amount of trade that occurs yearly between both nations. The over hyped 2013 financial cliff is just another year like the supposed 2000 computer failure or 2012 Mayan doomsday BS. Powerful people will always keep the majority scared to make sure they do not make real decisions that could possibly cause the average man/woman to gain financial stability. 2013 is when the Bush era tax cuts end for the wealthy 4% who make more then 250,000 individually a year! Why they need a break is beyond me. It's estimated in the trillions in tax revenues which will finally give much needed funds to the one organization in the US that works the hardest at creating jobs, putting people in to their first home with an affordable mortgage, supports seniors with free Medical and social security. The government of the US. The world can dislike US polices all they want, but thing they can not refute is the US takes care of its own.