Mortgage Resets

States Fast Approaching Financial Abyss

"...but the day of reckoning is at hand. The debt crisis is already making Wall Street nervous, and some believe that it could derail the recovery, cost a million public employees their jobs, and require another big bailout package that no one in Washington wants to talk about." - 60 Minutes 60 Minutes has done a thirteen minute report on the approaching day of reckoning for the states who are drowning in the deep end of the fiscal pool. According to Gov. Chris Christie, it's not a income problem, it is a government employee benefit problem, and according to Meredith…
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Obama Times Mortgage Forgiveness Perfectly…

Get ready for the snake-oil salesman to go all in as he prepares to make the voters swoon, cry, and wave their arms in the air yet again. On the heels of another $1.5 Billion requested bailout from Fannie, (who has suffered 12 straight months of losses), we have the Obama political machine maneuvering to 'buy' votes in the upcoming midterms by offering mortgage forgiveness to Americans.  How does that money-changing-hands-thang work again?  Why don't we just keep our money in the first place?  I'm sorry, I forgot; I'm just some brain-dead, fluoridated, prescription-drugged and debt-strapped moo whose only reason…
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A Little Matter Of Commercial Real Estate

We've been waiting for the second of many shoes to drop which will include the next round of residential mortgage resets AND the bottom falling out of the commercial real estate market. It appears some guys way more fluent in the aspects of the monetary problem (because they created it) are a bit edgy themselves. At what point can we abolish The Fed and get the entire concept of central banks (and the government credit card) out of our wallets? (Did you know that the FBI considers Americans that call themselves 'sovereigns' to be terrorists? I'll save that for another…
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ROUND TWO Of The Mortgage Reset Game = Foreclosure

DingDingDingDingDingDing!!!! ROUND TWO!! Still think that the government is not trying to suck every last penny out of your pocket, leave you without property under your feet, and place you in a position of serfdom?  Then why did they do everything in their power to prop up the veneer of solvency for the banks and NOT put a floor under the housing market? There is still a trillion dollars in unreported losses floating around out there. It's been how long since they knew the subprime mortgages were resetting, and that the housing market was imploding? Still think that Obama, his…
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