PT 2-5 The Great American Bubble Machine

Sad thing is they will just continue doing it. They are too powerful to stop and the american public is just too stupid to realize what the fuck is going on.

Its just a big pyramid scheme sheesh.

You are correct again!

To most people it seems bizarre that a bank would foreclose on a home for half the value rather than working out a lower interest rate.

But, the reason for the foreclose is that the mortgages are piled together and "securitized"

This is important to understand because people who bought a part of this pile of mortgages were mostly pensioners.

Pensioners need monthly income

So, by foreclosing these pyramid thieves get 75 X the monthly payment.

Keep on stealing!

My point is that the fund needs money because they need to make payments to the pensioners.

Its better for them to get 150k for your house TODAY than work out some kind of deal where you pay a little less every month.

Like Steenville said, bail out the common man with low interest rates.

alienmoonbase; I am not suggesting bailing out the common man with low interest rates- what I am suggesting is bailing out the man banker style, meaning pay people´s mortgages entirely or partly and pay people´s credit card debts or any debt. Result- people have money again and the banks are saved simultaneously as paying people´s debts often means paying the banks. However, if the banks have enormous debts themselves of course they can´t be saved. We let them go down and save the public..

Goldmans pants are down..NOW CASTRATE THEM !!!!

exactly.

when people fear investing in wall street, then we know we're on the right track.

People everywhere need to do what they REALLY want to in this life and not save for some kind of mythical retirement in a 401k that will be plundered anyway by these thieves.

Live for today for a change.

"Live for today for a change"- I agree with this. Unfortunately, the powers that be, don´t.. according to their dream world they are the ones who should be living for today with huge amounts of money, robbed from us- and they have succeeded so enormously. Everybody who bought a house or apartment here in Copenhagen, Denmark, where I live, within the last 6-7 years, are now carrying a mountain of debt on their shoulders, because of the orchestrated housing bubble and insane lending practices.

The bankers, credit unuions and politicians seem to be just fine with nthe fact that a growing amount of citizens are going to become eternal debt slaves- this is what they want, in fact. I say: We need a worldwide uprising against this global slavery agenda, which includes dumping of wages (outsorcing) and the removal of freedoms by the dozen..

There is a shortage of dollars. The federal reserve of the US has destroyed the money supply balance. Yet, they still demand their high interest rapes. oops, I mean rates.