I see an economic diasater coming...

[triffid]

Buyers have already borrowed too much money that they can’t pay back.  They spent it on houses that are now worth less than the loan. However, since the banks have friends in Washington, they get special treatment that you do not have. The Federal Reserve prints up bales of new money to buy worthless mortgages from the most irresponsible banks, slowing down the buyer-friendly deflation in prices and socializing bank losses.

Big bank cash flow will never run out as long as the Federal Reserve exists.

The Federal Reserve exists simply to protect big banks from the free market. Banks get to keep any profits they make; however, the bank will have losses and the FR will print more money and buy the bad mortgages. This will get passed on to you as inflation.

Congress authorized vast amounts of TARP bailout cash, taken from taxpayers, to be loaned directly to the worst-run banks; those that already gambled on mortgages and lost. The FR and Congress are letting the banks “extend and pretend” that their mortgage loans will get paid back.

It is necessary that YOU be forced deeply into debt and therefore forced into slavery for the banks to make a profit.  If you pay a low price for a house and manage to avoid debt, the banks lose control over you.  This is unacceptable to them.

[the_big_m_in_ok]

Buyers have already borrowed too much money that they can’t pay back.  They spent it on houses that are now worth less than the loan.

Right.  Some did that as an "investment".  Some "investment!"  But, then, also too, some were lied to by greedy mortgage brokers who wanted all the commission money.
Here's one of the bottom lines:  A political candidate (I forgot who---doesn't matter now)  said the ability to cheat with greed was always there.  It was the loose financial permissiveness of the Feds that allowed the problem to get so big.

There's something else:
Commercial companies are part of the problem because they lowered salaries and wages to the point that people in *underwater* mortgaged homes can't afford to relocate for a better job.  And if they could, would they relocate to Asia, East Europe of the Middle East for less money than they had before the Great Recession?  No wonder the unemployment rate is so high.  Companies are doing themselves a disservice by keeping compensation so low.  They're responsible for that.

--Lee

[cletushowell]

See the truth in math they never lost shit
100,000
10,000 pmi
10,000 down
3 years 36,000 paid
compound that
then the price manipulated by
the imigration to inflate the census
every ten years
so they made 56,000
the housing on average did not all drop
below the loans but even the ones that
did they made 56,000
sold the loans as a bond security
to china got paid on future income
based on tripple aaa rated scam loans
then say there broke and we give them 700 trillion
more to cover the oil scam and there ending the dollar
but im taking it all watch and see 

[sparks]

       If Obama wanted to stimulate the economy he would outlaw the entire loan system.   Contracts requiring repayment in excess of the loaned amount would be illegal.  Any form of interest collected would constitute a criminal offense.  All contracts requiring interest on loaned amounts would be null and void.  All mortgages credit card debt or any instrument entered into contract which involves the collection of interest would be null and void.  Any existing contract would be modified to reduce the principal owed by all past interest payments made plus any penalities closing costs or any other fees collected beyond the principal amount due.  This would most assuredly create an economic disaster for the investment industry but who really cares about these worthless non productive members of society.  Alot of stupid selfish hedonistic people would go out and buy up a bunch of krap they dont need but some would make investments into companies corporations small businesses that would benefit future generations instead of enslaving them to moneylenders through tax levy to steal from the poor and give to the rich.

[cletushowell]

Its way easier then the loans
people can pay interest thats not the issue
the issue is first eliminate short selling
so these guys dont get rich off bankrupting companies
then stabilize imigration eliminating it
is not the problem flucuation is the problem
it fluctuates intentionaly by politicians ever ten years to
bumb the census up
then force free energy by giving our federal
paid power project back to the people first thing i would do
give ca its hyways its byways
its healthcare its wellfare
its coastline its land now national parks
its prisions
its energy
its resources like fishing and Gold
oil and wind
all to the people of california
and when all that power is back to people
then put 1000 volunteers for every million
to watch the goverment officials at work
and then you dont have to wait on votes from 49
other states to get flushing toilets
or running water next to our nuclear plants
and when thats done ca can single handed
turn the economy till free energy we pay more
then probly the whole us comined
our power bills go from 500-700 a month
per house thats not a joke we pay what
most people pay for a house payment for electeicity
our water and garbage runs up to 200 a month
per house think about that then our crooked
gov recycles it all and sells it after charging us.
We get tickits if we leave our trash cans out a day late
ya we have trash can police too the stupidest thing i ever heard