Since the Fed can create unlimited money, why not pay off every mortgage in the land? That’s only $9.7 trillion, and if the Fed wanted to unleash an orgy of spending, that would certainly do it. Trillions in losses would be filled with “free money,” since the Fed would pay the full value of all […]

Tags: central bank, Charles Hugh Smith, Fannie, Federal reserve, FHA, MBS, Of Two Minds, REO
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment:  The article below was written by David Malone of the Golem XIV: Author of the Debt Generation, website, and was submitted to this blog by ELLEN BROWN Ellen is an attorney and the author of eleven books, including Web […]

Tags: bailout, barter system, borrower, central bank, credit risks, debt into money, Federal reserve, global finance, lien, money, Mortgage, predatory lending, promissory note, securitization, The Shadow Banking Machine
Posted in bubble, Corruption, Eviction, securities fraud |