CITIZENS OF AMERICA SHOULD BE UNITED AGAINST THE BANKS' SECURITIZATION FRAUD

“The sad part of this whole picture is that even after so many homebuyers were victimized, that the homeowners who fortunately were not, are not standing by those that were and bought into the story for the first several years that it was the dead beat homeowner that caused this demise, and with that mindset, they actually paved the way for the path we now find ourselves on, but they just didn’t get it soon enough. They were in effect, a vote for the banks and the loss of the rule of law. This of course will come back to haunt the American people if we do not get it turned around. When the fog clears, we will know for sure.”

COMMENT SUBMITTED BY “SENIOR AUTHOR”

Enough already:

You said this from the heart. And yes, you have it exactly right. You have inspired me this morning.

The banks who chose the loan programs to sell to the American people and then having underwriters come in and approve the funding of the loan based on loan programs that have no place in our society, but ended up touching every part of our being: jobs, private investment through profit sharing plans and retirement funds, emotional distress, loss of family, broken communities, food banks, and the rule of law, and the list goes on and on. ” In the hands of a few, go the rewards of many, all on the backs of the American people”. There are many of us who understand what that means, but not enough.

Producing a product for Wall Street and Fannie and Freddie was the name of the game and the banks and originating lenders didn’t care how they came up with it. There was money to be made and continues to be made as the American people are taken to the slaughterhouse. Are we going to continue to stand for this kind of treatment or are we going to begin the process that will peacefully take our country back. This does not have to become a hostile attempt to force the banks to do that which is right for the people, but it will be an affirmative stand by all Americans because without it, those that created this fiasco and so harmed their brother, most assuredly will continue to do so.

It is clear that the Administration, the Congress and Wall Street do not know at this point what to do, and so it goes with the American people. So more time is bought by the AG’s with a few phony settlements which do nothing for the homeowners. a Congress that is afraid to touch the subject, and so many Courts that did not have a clue while they heeded the wims of the lenders and almost destroyed any justice for the people. But it is not too late if all Americans will do the right thing. Take action.

Did I see Goliath out there? Yes, I believe he is there. So, people, what are you waiting for?

The sad part of this whole picture is that even after so many homebuyers were victimized, that the homeowners who fortunately were not, are not standing by those that were and bought into the story for the first several years that it was the dead beat homeowner that caused this demise, and with that mindset, they actually paved the way for the path we now find ourselves on, but they just didn’t get it soon enough. They were in effect, a vote for the banks and the loss of the rule of law. This of course will come back to haunt the American people if we do not get it turned around. When the fog clears, we will know for sure.

While it is clear that a small percentage of the loans made were made with the homebuyer working falsely and made loans they knew they were not able to repay, most home buyers did not. However, for the most part, millions not really understanding what was going on, signed the papers with the trust that the lender was honest and forthright.

The American people – 75% – have deserted those homeowners that have now become the victims of the banks. I thought this morning as I watched a poll on Fox news that said 68% of the people still believe in the American Dream – Does anyone want to define what the “American Dream” is now. This tells me, America you don’t get it.

The banks now have an opportunity to correct the issue to try to regain the trust the American people once had for them – but as you can see, they are fighting to the finish to provide so little compensation for all that they created, both nationally and globally to those that were harmed which would in effect work to the good of straightening out the title issues, court issues and of course – give us back the rule of law.

Everytime I hear someone mention the $150 Billion to Fannie and Freddie and I equate that with the $17B now being offered to the American people, I don’t know how anyone could accept such further victimization of the people.

There are those of us still out there that intend to bring about a good resolution that will put the housing crisis behind us – Everyone will not be happy, but it may end up being the best that it can be under the circumstances and without the help of the AG’s, the Congress and the Administration and its regulatory.

The deal will be between the Banks and the American people – The government needs to step aside as do the AG’s. The best news I heard today is that the 50 State Attorney Generals are basically coming to a parting of the ways –

Now the American people, state by state can step in and begin that which they should have done four years ago, but simply could not or would not take the time to make the call for what must be done.

It is obvious that the the campaign of those running for President will not reveal or permit any discussions regarding the housing crisis. Once the housing demise begins to deminish, the jobs will become a reality – how many people have tried to tell the Administration who concentrated on health care – first the Obama adminishtration for two years and now the REpublicans have picked up the torch. Ryan’s plan is good and will not be forgotten – it is a bench mark and the American people need to demand that the “whole story” be revealed from both sides –

Like the housing issue, the health issue is taking the same path – get it off the table before the campaign gets in high gear.

The seniors need to step up on behalf of the generations to come as their part in making a mark for America – Well, come on seniors.

And the rest of the American people need to follow.

The banks can make this work – we are not waiting any longer for them to step up and help us make it happen – and sooner rather than later.

This is simple talk from someone who cares about this country – just like you do. We must put the people’s plan/proposal on the table without any interference from the Feds and we need a strategy to pull it off.

But everyone that comes to this site TODAY, look for more of the same – talk, talk, talk – we have good knowledgeable people who can take up the cause to help those of us not organizaed sufficiently to bring it to fruition – WHY?

Thank you for your time.

Posted in bubble, Corruption, Eviction, securities fraud |