http://liberty-tree.ca/research/Billions.for.the.Bankers
This isn't about helping people, it's about helping banks and our paper money system stay afloat.
Posted on 04/09/2013 7:10:31 AM PDT by illiac
WASHINGTON (MarketWatch) -- Payments to 4.2 million borrowers whose homes were in any stage of foreclosure in 2009 or 2010 will begin Friday, the Federal Reserve and the Office of the Comptroller of the Currency said Tuesday. The payments, which will range from $300 to $125,000, will be sent in several waves and are expected to be completed by mid-July. The regulators had previously announced the payments, which replaced a program that had consultants review foreclosures for errors.
(Excerpt) Read more at marketwatch.com ...
This annoys me on so many levels I cannot function now. Free money for doing the wrong thing. Yeah I know, those insidious mortgage lenders put a gun to everyone of their heads and said here, take the money. We will talk about repayment later.
IMO, they should have moved the entire mortgage industry to the Mafia. Guido and Rocco, the loan collectors, never seemed to have much of a problem collecting the vig. They probably killed less people collecting the money than whom committed suicide because they could not repay their legal mortgages. Cardinale rule in being a loan shark, never kill anyone because then they never pay, just break an arm or leg, works fine. When the government gets involved, they break the legs of the honest, diligent and tax paying public. Sorry suckers.
Why are payment being made? I paid my mortgage w/o any help. Now I have to help somebody else? Why?
Apparently, I am a fool for paying my mortgage. Come on, where’s my Obama home?
This isn't about helping people, it's about helping banks and our paper money system stay afloat.
Return to the scene of the crime!
if you were an enemy nation or terrorist group,
and you wanted to destroy America...
how would you accomplish it?
you really couldn’t invade very easily...
(oceans, distance, size of geography, topology, etc.). Yes, an occasional big “hit” to confuse and demoralize perhaps... but a full-scale landing force to overwhelm all 57 states? Not likely...
... so... why not infiltrate the American government (American elections can almost always be heavily influenced or “bought” — and you can steal back 100 times their cost once you take power, anyway....)
and then use the American people’s own government against them.... to...
undermine their currency (always a great way to destroy a nation), their economy (ditto, and the two go together), their people’s productivity and work ethic, their resolve, their values, their self-respect, and thus... their willingness to defend themselves against further deprivations. Create massive divisions, divisiveness in society ... stir up or amplify incidents... and promulgate divisive rhetoric along racial, ethnic, religious, social, economic, all possible lines. Cause the people to fight amongst themselves and they’ll help you pull their house down. And, you can eventually declare “martial law” or, even better, just use the American people’s own government and resources to create a huge secret police (and/or “domestic military force at least as strong and as well armed as the regular military that fights foreign wars”)
(and take full advantage of each and every miserable domestic act of violence to promote “gun control” to disarm the public. Even with your 4 million man domestic army (of occupation), to provide “security” of course, things will still go smoother with the sheeple as disarmed as possible and unable to defend themselves (if they ever actually wake up and try).
But of course all that is just a very bad dream, our having eaten too many pizzas last night....
“it could never happen here!”
Never!
The pizza says to say: “Ave, Caesar, morituri te salutant!!” What could that possibly mean?
Anyone who believes the government is moral in its purpose is a fool.
Give as little of your money to it, and take as much from it, until it all collapses.
Unfortunately...not a bad dream or too many pizzas....but becoming harsh reality....
From the full article.:
“... borrowers who were foreclosed on at the height of an era where wrongful actions were taken... “
Also :
“The $125,000 payments will go to 1,082 service members who were foreclosed upon, in addition to 53 civilians who were foreclosed on when they weren’t in default.”
When times were good, the top executives from the largest U.S. banks made a mint. Below is the total compensation in 2007 for the 9 banks that received the first batch of government aid through TARP.
http://money.cnn.com/news/specials/storysupplement/ceopay/
Pay rises 70% to $12 million for Bank of America CEO Moynihan
By Andrew Dunn and Deon Roberts
Mar. 28, 2013
"The boost in compensation is based in part on the bank’s increasing profits and progress toward resolving mortgage-related woes, the bank said Thursday in a filing with the Securities and Exchange Commission."
Thou shalt not covet.......
“This is unbelievable. Those of us who pay our bills and do the right thing are paying for those who don’t.”
Another reason to go Gault and stop feeding the beast. I moved to Florida for a job and bought at the top of the market (2005). In 2009 the job went away and I moved to another state to work. At that time there were many articles about “strategic default” on the internet. I chose to fulfill my contractual obligation. I listed the condo and two years later it sold for 45% of its acquisition cost. I paid off the mortgage from savings at closing.
Strategic default would have been much better financially even with the hit to my credit rating. I could have used my savings to pay cash for the new house instead of paying off my old mortgage. I’d have saved the wasted two years of payments and condo fees while the condo was on the market. Now I’d be getting a check from the bank I stiffed.
I guess I’m old fashioned and believe an agreement is an agreement. The bank fulfilled its obligation by loaning the money to me. I fulfilled my obligation by paying the bank. I may be financially poorer but my soul has not been corrupted.
The make believe pig farmers didn’t have to have a farm or pigs. Do these people even have to have a house or a mortgage?
The ‘flippers’ in Florida will love it...
Well...around the year 2000, before the Bush election...I had a similar dream.
It IS playing out before my eyes now.
“If I take out a 2nd mortgage on it, never make a payment, and wait for foreclosure, can I get free money from the US Printing Press too?”
If you feel a $300-$800 payment is worth losing your home over.
The settlement is required by the banks for the Robo-signing scandal where the banks sidestepped proper foreclosure procedure. The banks only have themselves to blame, and I doubt the $300-$800 payment most will get will make any of those people feel any better about losing their homes.
Peggy Joseph is a prophet!
Wasn’t the Dem National Convention hosted by BOA and held at Bank of America stadium?
One of three weird frescos hanging in the lobby. Notice the gold net above the chaos? Note on either side of the fresco the ceiling lights in the hallways in front of the elevators. Can you see the illumined ones above the gold net working to make the world a better place for everybody? They are your masters.
(Isn't art fun?)
Obviously. From one dumbass to another, I salute you!
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