Solution to Economy - 1 of 3

I made this video because I am a concerned American. I am speaking on BEHALF of and DIRECTLY to the American People. If you are a CURRENT, ASPIRING or RECENT homeowner. If you own a small business, are K-12 or in College. If you love your Country, your Home, your Friends, your Family and Neighbors. If you want to keep your Job, your Home, your Family or Spouse. If this Economy is NEGATIVELY affecting you or ANYONE or ANYTHING I just mentioned at all... Please, please, PLEASE WATCH this video, Pay very close ATTENTION, Take very good NOTES, PAUSE, REWIND and REVIEW as often as you'd like, to ABSORB and LEARN what I am sharing with you. Once you've learned and understand this, PLEASE make sure you contact BOTH your Senator and Representative in Congress and DEMAND they DRAFT THIS BILL and PASS THIS LAW - BEFORE the coming election. I don't mean the Presidential election. There are several members of Congress up for re-relection. Republican or Democrat, we need to put ALL of our elected officials under the gun - RIGHT NOW, TODAY! These people need to work OVERTIME for US. That means NIGHTS and WEEKENDS like they pretended to do a few weeks ago. These people are very slippery, silver-tongued acrobats that talk one way and walk another. We all saw them run - RUN to bail out Wall Street and their special interest who were NOT Federally Insured. Yet, they talked AT us, not to us - as if we believed a single word they said. They are taking out tax dollars and giving it to the big boys of Wall Street and leaving us the crumbs. These plans they are implementing are a form of "trickle-down" economics. We need to wait until after the top gets theirs before we get ours. It's OUR MONEY!!! I'm sure you felt like you had a gang of robbers who tied you up and told you they loved you as they walked away with your possessions - I did. I sincerely invite any and all Economist, College Professors or even High School Teachers to study, disect and thoroughly analyze my theory and critique it. It frustrates me to no end to see all these experts on TV talk shows and news programs telling US to toughen up, tighten our belts, clip coupons, budget frugally and prepare to survive this economic crisis but don't direct a single word to the financial institutions and elected officials that pave the way here. Let's push Washington to finally act on our behalf and draft this bill, pass this law so that we can finally have a Government we can be thankfull for this Thanksgiving. It's not too late to have a very prosperous Christmas and New Year! I will say without reserve that I LOVE: My Country, My Job, My Home, The diversity of my fellow Citizens, and the way we can pull together and COMMAND SERIOUS CHANGE - NOW!!! Good luck to all of us and may GOD bless you nd GOD bless America...

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[hto1971]

the prob is the gov dont care they are trying to make a new wrold order and the part they are trying to do is one bank in the hole wrould the central bank of amerca anytime they pass someting it a nothere loan the goverment take form central bank of amerca

[EnriqueRealtor]

You and everyone else can give theories on the why aspect of the "problem" all day long until you're green and blue in the face. But, WE have the power to force the solution down their throats. If you count, we outnumber. Remember, it's OUR money and the defeated mentality of simply sitting around and watching this happen is not a solution. BTW, they are not trying, they HAVE a new order - so as a people, what are you willing to do about it?

[exavior75]

(cont) I will say this. Your plan IS better than the bailout plan. But its not even close to what we need. Its like taking what the Banks and Fed wanted to do and "nerfing" it. Fixing interest rates and such inevitably creates a financial bubble because you're artificially and forcefully fixing prices and rates. Eventually, this becomes so dislodged with true market value that you get paralysis.

[EnriqueRealtor]

I might have already responded, please excuse if so.

There is no permanent fixing at all. Step number 3 which you are refering to is during the 90 day moratorium - temporary payments. Number 4, will refi under current market pricing at the time.

Funny thing is, all realtors and loan officers are modifying loans as we speak and this is the process. I just want to make it law so that the economy recovers.

[exavior75]

First of all--I applaud you for caring enough to do this. Unfortunately, the "brain" has screwed this up so bad its almost impossible to "control" a way out of it.

A moratorium on foreclosures would help americans, but it would completely destroy foreign faith in our currency and our financial system. We SOLD a lot of those mortgages overseas. To paralyze foreclosures would be to paralyze foreign investment and foreign trust.

[EnriqueRealtor]

I can appreciate your words but I think you missed the point that is step 3. That is a temporary solution/payment structure. Step 4 is a permanent solution - a 30 year fixed rate FHA INSURED loan. That margin cap is for temp pmts. It's what all real estate and mortgage brokers are doing anyway because there's no loans or sales...

[EnriqueRealtor]

Actually, I've conducted homebuyer seminars since 1994. I was featured on "Primer Impacto" for the seminars on October, 1994. Maybe later, I will post that video in the near future - I need Univision's permission first.

[2bUprightPs112]

I sat through all three. You should too...Informative