Being in DC 365 days a year inspires them to scheme and scam new ideas to make themselves rich. This like many others are nothing more than ponzi schemes. Get in at the bottom move up fast when the bottom falls out they bail it out with tax payer money. Or if there is still skin in the game they prop it up on life support tax payer money again. There is a political cosa nostra running this country, making themselves rich and sticking the bill on us and our children.
Being in DC 365 days a year inspires them to scheme and scam new ideas to make themselves rich. This like many others are nothing more than ponzi schemes. Get in at the bottom move up fast when the bottom falls out they bail it out with tax payer money. Or if there is still skin in the game they prop it up on life support tax payer money again. There is a political cosa nostra running this country, making themselves rich and sticking the bill on us and our children.
Here I just paid off my mortgage AS I PROMISED (actually, better than promised) and took on a new one which I am paying AS I PROMISED.
I am a total sucker.
Thanks for the information/post.
“Thus far, the Administration has given us HAMP I, HARP I, HARP 2.0 (through Executive Order)”
All spending must originate from congress. Once again...Where is the congress in allowing this and all the other spending from Whitehouse departments from occurring without congress voting to allow it. This president and his cronies have turned out constitution into toilet paper. And even a republican controlled congress has no desire to stop it.
The goal is to have the feds own every house they can in the U.S. so they can charge rent to pay off the debt.
I have loan officer friends who say they read about this but nothing ever happens.
Fannie and Freddit may do this on the mortgages they own but those owned by the big banks won’t get adjusted. If that happens I see a huge class action suit against Wells Fargo, BOA, etc.