You are absolutely right on every single point you made. All the foreclosures and banks crying poor is hogwash. They OWN all of that land and whatever is on it. It still has value beyond measure. It just isn’t yours anymore, and neither is anything else. They run the drug money right through, gambling, porn, oil, whatever. Move it around the world and steal you blind. Banks and insurance companies run the world...and the banks and insurance companies are run by men.
But the people who work there aren’t them. And that is who is gonna get hurt by this if they wreck things. I think September 17 is a Saturday when Wall Street is closed. So we will see what these hoodlums are about straightaway.
The ideal solution is for them to turn state's witness, except the state won't prosecute because no matter who wins office, they've already been bribed. Vote for whoever you like - they're all company men. It's very similar to what they did in the Soviet Union - you could vote, for whichever Communist Party member was your preference. So it's pretty tough to come out as a whistleblower in a situation like that - why take the risk if it's obvious no justice will be done?
So now we got a holding pattern while the appropriately named Holder obstructs any chance that these fraudsters would be prosecuted for the various crimes, e.g. AAA rated pieces of "dog vomit" (their words), CDS insurance fraud of the type that took out AIG, etc.
People need to wake the hell up, the statute of limitations on financial fraud is only five years! This is year four for a lot of the worst, and we're already over for a great deal of it. There will be no way to deal with the situation legally short of a Constitutional amendment to allow ex post facto extension of the limitation statute, and when the truth is known (as it is more and more commonly coming to be) it is inevitable that there will either be justice under the law, or there will be violence. Crimes of that magnitude cannot be permitted to stand by a civilization if that civilization expects to endure. I sometimes wonder if we do...
Did you know insider trading is legal for members of Congress and their staffs? I was flabbergasted when I learned this. I had assumed that the portfolio assets of people in those positions would be managed in blind trust.
A major part of the problem is that the value has been measured and it's significantly less than what was loaned on it.