Tag Archives: mortgage crisis

Banksters buying debt again, another bucket of bailout bait?

So one credit card (not debit, which is money you do have, but credit which for some reason is money you DON’T have, God they’ve screwed up the English language) offers a 5% cash rebate for up $300 a quarter (I think) in purchases. Or, $15 back. Which another card issuer, Chase, as in Salmon P Chase, the fellow on the non-circulating $1000 bill and Lincoln’s Secretary of Treasury, but Chase is offering the same deal up to $1500 dollars, and points out that it’s 5 times as much, you can get $75 back… on a much bigger credit card debt. As the RepubliCan’t Party points out, as though it’s the Poor being freeloaders, more than half of Americans don’t make enough money to owe taxes. $20,000 a year for a family of four. So you go into debt for approximately a months wages + a few bux, and get $75 back. And some really steep fees for as long as you’re paying that one debt off.
And while they’re screaming on FOX that the Poorer People are irresponsible and can’t do math (yeah, right! Like FOX still believing that selling bonds for ten percent annually wouldn’t double the War Debt in ten years as opposed to simply funding it through higher taxes at the start) and Wall Street, you remember them, Chase used to use the word Manhattan in it’s name… Wall Street in other words… they’re selling massive debt to those who can least afford it, and to people who really CAN’T do math and you can tell because the targets are told that a $75 rebate on what’s more than 2 grand worth of debt (they’re hoping that people don’t know what the term “interest” means) is a special deal.
Then they’re bundling the debts…

They’re bundling them and selling them the same way they bundled and sold mortgages. They marketed the original Product the same way, telling people in Seminars and Books-on-Tape and Infomercials for all of those get rich quick WITH GOV’T GUARANTEES of payment. What they didn’t tell the people, that you get a Fanny Mae Freddy Mack loan to buy a house with “little or no money down”, do some cheap cosmetic repairs and resell it for enough of a profit to settle your part of the FM/FM mortgage, buy two more houses the same way and the Government meaning, the American People would be required to back you up in case anything went wrong.
Well, a LOT went wrong. The people you’d end up selling to would be people who were investing in Real Estate to try to get out from under a massive debt load, that load coming from working at wages that were less than what it cost you to produce your labor. Again, a top-down, Trickled Down Reaganomics decision. So you’re in hock, left holding the bag when the GreedHeads manipulating the entire scam manage to tank the economy of the whole world, and you discover that YOUR investment isn’t the one that’s “backed by Federal Government Guarantees”… It’s the banks, like Chase, Morgan-Stanley, Wells Fargo, Bank of America etc… who got the money from the Taxpayers… after investing what amounts to less than nothing in the scam. The only people who actually invested were whatever people they could convince to bankroll their scam until it inevitably folded.

Like the stupid bastards who backed the ReagBush-Oh, NO!-mics and actually believed that when Bush sold twice as much Taxpayer Debt, merely deferred for a decade, and BECAUSE it was deferred, to finance a war that was blatantly a gift to the richest people in the world.

How Much, for instance, do you believe Erik Prince of Blackwater or Richard Cheney of Halliburton, invested of their OWN money into the war? Even though they got paid handsomely for it. Helps, too, that the Richest Corporation in the world had their CEO as Vice President of the United States giving blank-check, open-ended no-bid contracts to his own company? But the people who still believe in their stupid little brains that it’s the POOR people who crashed the economy worldwide believe that the deal was actually “No Tax Increase”. In a way it was, No Tax Increase for THEM.

The EuroZone economy crumbling, was it indeed from Socialized Medicine and subsidized tuition as the Right Wing Retards wish we were stupid enough to believe? How about their costs (since so many of them were also in NATO and in the Koalition of the Killing) that Their Taxpayers had to pony up to support the War? But we’re not supposed to ever mention that. Convenient, for the Thieves.

Example, Britain became a debtor nation right after WW ONE… actually during, and at a time when their empire ruled “the sun never sets on our empire” worth of the World. Yeah. BEFORE they gave up Hong Kong, or India, or even world war 2, BUT… more than 3 decades BEFORE National Health Care went into effect, while Child Labor laws weren’t yet instituted, before “the Dole”, before Women Got The Vote, before the end of the Gold Standard, Before Every Single MuFU event the Right Wing Propagandists declare to be the turning point in British and American Economic History

There’s a long string of lies that get unraveled by that last statement. Anybody who still believes anything the Right Wing in any incarnation tells, shame on you for being stupid and shame on your parents for not insisting on getting you educated BEFORE you were legally old enough to sign contracts or make political decisions that effect everybody else.

Meanwhile, Chase is creating more debt which is being bundled, and sold, like it was real cash, by the same Federally Guaranteed “Too Big To Fail” fatcat Wall Street bankers. Car loans too. Got too much car debt, like so many do? Sell the fucker for scrap metal and SCREW the Repo-man and the Banksters.

They’ve done it to us. For that matter, Bank fixin’ to foreclose on your house? Burn the fucker to the ground.

Or, in an alternative plan, Occupy! in the fullest sense of the word. Park your cars in the middle of the street and walk away, take those Hoff & Leigh signs that are everywhere around town, on mostly foreclosed homes and businesses, and SQUAT. There’s some in every neighborhood of the city (Colorado Springs, but I bet you readers in other cities have the same issue) and enough that those suddenly struggling to get a “legitimate” home after being turned out of their fomer, Take The Houses, Take The Business Buildings. Pull up the lawns and plant vegetable gardens.

Think it’s not possible or sustainable? There’s communities created like that all over Spain which have existed since the Spanish Civil War began and which have withstood 9 decades worth of official repression. It’s one of the two most likely ways the Bankster Theft Problem will be resolved, the other is absolute fealty to a Corporate State.

Petition Sallie Clark not to groom Lisa Czeladtko city council campaign

Conflict of interest, anyone? County Commissioner is one of those “low paid” jobs in local government which pays off hugely in graft money, if one is so disposed to take advantage of that opportunity, by voting tax breaks, zoning laws (enforced at Public Expense) and other Pork-barrel subsidies for the actual paying business of the Commissioner. Quasi-legalized Grand Theft would be a better word for it.

editorial note: There are lines even in Colorado Springs politics which should not be crossed. Such as paid representatives using their positions of power to influence elections. Sally Clark is an Earth-raping Fascist a Land Developer, part of the “in crowd” who destroyed the economy of the U.S., the entire planet and in particular Colorado Springs with their Ponzi-scheme federally subsidized Mortgage Ripoff. And who bought her position and vote not only as city council but as County Commissioner. Same as always Lisa Czeladtko is running for City Councilor of Colorado Springs Colorado. The status quo in Colorado Springs shows hatred toward victims of a poor local economy.

Former Colorado Springs City Councilor and current El Paso County Commissioner Sallie Clark is the campaign manager for Lisa Czeladtko.

Lisa Czeladtko has negatively criticized the New Life Church for having helped victims of a fallen economy in Acacia Park. Lisa Czeladtko has publicly demonized victims of a fallen economy.

Sallie Clark is acting as her campaign manager while serving as El Paso County Commissioner.

Sallie Clark must either resign as El Paso County Commissioner or resign as Lisa Czeladtko’s Campaign Manager.

Colorado Springs needs fair minded representatives on the City Council not those who express hatred toward toward people who were negatively affected by the downfall of the economy.

Furthermore let this petition serve as a notice that the whole world is watching Colorado Springs

There was a Richard Pryor movie long ago “Brewster’s Millions: an American excess story” in which the question was put, of a mayoral candidate, “Why would anybody spend 30 Million dollars to get elected to a job that pays a hundred Thousand a year? Answer: because he can steal it back, with interest”

While the campaign costs for City Council and County Commissioner here aren’t that large, neither is the actual pay for those positions. Since every man jack and girl Jill on either board considers or at least calls him/her self a “conservative” and with business ethics which start and end with Profit At Whatever Moral Cost, that leads to a (yet another) wide-open all-you-can-steal-buffet publicly funded trough where the Rich can feed.

Exact text of petition:

Please Resign

Greetings,

We feel that your efforts to help Lisa Czeladtko win a seat onto the Colorado Springs City Council are with hatred toward the victims of a poor economy in the Colorado Springs Area.

We the undersigned feel that it would be in the best interests of the people in the Colorado Springs and El Paso County Area if you resign as Lisa Czeladtko’s Campaign Manager and/or El Paso County Commissioner

[Your name]

Of course my take on it remains unchanged

The City of Colorado Springs worships as a demigod a former United States Army general who used his leverage as a certified Baby-killing Land Thief in the (for now paused) Genocide against American Indians with the sole purpose of taking the land… Used that leverage to get a GOVERNMENT SUBSIDIZED Railroad “free market enterprise” and used THAT position to get, from the Federal Government, and at taxpayer expense, sections (square mile blocks) of land and started the City of Colorado Springs on what is basically Real Estate Fraud, enforced by U.S. Cavalry rifles and sabres.

The aforementioned Acacia Park, which Lisa Czeladtko and others of her Fascist Ilk wish to make off-limits to anybody who doesn’t meet their criteria, largely based on income, for citizenship in Colorado Springs, or El Paso County, or the State of Colorado or The United States….

has at the North-east corner an intersection, Platte and Nevada, where they’ve got this humongous Idolatrous statue of the aforementioned Baby-killing Land Raping Thief which we, the Citizens, are required to worship with our tax money (it costs us to maintain their idol) and is an utterly ridiculous traffic hazard.

“At Smith-Barney (or any other thieving-ass Investment House temple-of-Mammon) we make money the old fashioned way… we hire scions of the Slave Class to join our armies and take the resources of other people and kill anybody who objects”

NACA urges nonviolent bank terrorism

wesley-edens fortress-investment-groupThe Neighborhood Assistance Corporation of America is suggesting you take your mortgage company protest to the streets, their streets. Specifically the neghborhood where your predatory lender CEO lives. Let his kids meet your kids. Let them ask their daddy why your children are being put out on the street. NACA has listed online all the pertinent names and addresses to facilitate what they call the “Predators Tour,” a sort of involuntary Parade of Homes.

To fight eviction, NACA cautions victims to remain in their homes, and solicit legal help. But when it comes to changing mortgage lending policy, NACA promotes CONFRONTATION and ADVOCACY. They’re calling these posh neighborhood rallies: nonviolent bank terrorism.

NATIONAL CITY MORTGAGE
Peter Raskind, CEO
(216) 222-2000
peter.raskind@nationalcity.com
Net worth: $5 Million
Home value: $1 Million
19212 Shelburne Road, Cleveland, OH 44118

HSBC
Brendan Mcdonagh, CEO
(224) 544-6676
Net worth: $20 Million
Home value: $2.5 Million
1065 Fisher Ln, Winnetka, IL 60093

CERBERUS CAPITAL MANAGEMENT (GMAC)
Stephen Feinberg, CEO
(212) 891-2100
Net worth: $1 Billion
City Address: $19.75 Million
36 East 67th Street, New York, NY 10065
Weekend address: $1.1 Million
35 Craig Court, Stamford, CT 06903

GREENWICH FINANCIAL SERVICES
William Frey, CEO
(203) 862-3600
Bill@greenwichfin.com
Home value: $2.2 Million
10 Glenville Road, Greenwich, CT 06831

GOLDMAN SACHS
Lloyd Blankfein, CEO
(212) 902-1000
Lloyd.Blankfein@gs.com
Net worth: $350 Million
Vacation Home: $6.05 Million
121 Parsonage Lane, Sagaponack, NY 11962
City address: $26 Million
15 Central Park West 1617A, New York, NY 10023

MORGAN STANLEY
John Mack, CEO
(212) 761-4000
Net worth: $400 Million
Home value: $2.75 Million
6 Club Road, Rye, NY 10580
Vacation address 1: $7.8 Million
53 S. Beach Road, Wilmington, NC 28411
Vacation Address 2: $4.34 Million
54 S. Beach Road, Wilmington, NC 28411

BARCLAYS
Robert Diamond, CEO
(212) 412-4000
Net worth: $200 Million
Vacation address: $6.5 Million
3 Lincoln Way, Nantucket, MA 02554

CREDIT SUISSE
Robert Shafir, CEO Americas
(212) 325-2000
Net worth: $20 Million
Vacation home: $3.25 Million
354 Bluff Road, Amagansett, NY 11930

FORTRESS INVESTMENT GROUP, LLC,
Wesley Edens, CEO
(212) 798-6100,
Net Worth: $1.6 Billion
Country address: $1.88 Million
8 Oyster Pond Road, Edgartown, MA 02539
City Address: $7.23 Million
271 Central Park West, New York, NY 10024

Bank steals roof from over the head of a 90 yr old woman who lived in her house for 38 years!

How many years do you need to pay a mortgage off in the US to make it go away? When this woman in Ohio first started making payments on her mortgage she was 52 years old, and yet at 90 the banks were stealing her property from her! Outrageous! The story turns even more tragic as the woman now has tried to commit suicide with a gun. Ohio woman, 90, attempts suicide after foreclosure

One wonders just how it might have been, too, if the gun loving nuts had worried more about mortgages and banks instead of their stupid guns? We might have control over the banks and control over gun proliferation both and it would be a better world altogether!

The man in Nebraska who abandoned his 9 kids at the hospital this week was worried about losing his home, too. Kin of 9 abandoned kids say they would’ve helped

What a country we live in today! These types of stories are going to be popping up soon all over the place. No bailout for the people down below at all. Look, too, at the Gulf Coast. The rich have no compassion for the Common People! They seem to think of us as cattle?