http://current.com/items/89439340_destroying_companies_for_profit

The media/gov./wall street is owned by controlling interests – the super wealthy who rule the universe. They started their assent to wealth 400 years ago. They invented money out of thin air! They still rule the world today. They use Democrats and Republicans alike to do their bidding. They don’t care who is in power but still sway elections to fit their causes. This is why we have depressions and wars. It starts during our own Revolutionary war to break from the central Bank of England – the same power elite as today. They got a strong foothold in 1913 at Jekyll Island. They finally consolidated their power in 2008. The next Depression and World War III – already started – will make them even wealthier. All Presidents have been political slaves since 1913 and perhaps before, but one thing is true… If you are a Republican or a Democrat, you are a fool! They divide and conquer you through the fraudulent two party system. They cozy up with Capitalists, Fascists, Socialists and Communists, alike. Capitalists, Fascists, Socialists and Communists take their money to expand their political ideologies and POWER through war. WE, as a GOVERNMENT cozy up with Capitalists, Fascists, Socialists and Communists alike because we make MONEY with them. My father and all our forefathers believed in freedom so they risked their lives for such a vague term. So what is freedom? Shouldn’t we be fighting Communism?

Are we really free today? Does the media always tell the truth? Do our Republican/Democrat leaders do what is in the best interest of Americans? Wake up and understand that we are all (credit) slaves made to play the games of the Super Wealthy whose playground (credit) planet we live on. If we as Americans truly believed in freedom, than why do we owe so much money to Communist China or Dictatorial Saudi Arabia.

Sorry to burst your bubble that your whole life was a LIE! YOU WERE LIED TO! Now you are about ready to lose a lifetime of savings to the Wall Street/Government backed thieves who you risked your lives for in WWII, Korea, Vietnam, etc., etc., . BOTH DEMOCRATS AND REPUBLICANS are to blame because they are all bought and paid for by the lobbyists and corporations who are owned and directed by the super wealthy.

Subprime loans will account for a very small percentage of the toxic waste of mortgage backed securities for the next 3 years. The subprime $100,000 loans made Wall Street a lot of money. The million dollar homes were not subprime loans. They too made a lot of money in origination, closing and servicing fees. But wait till you see what 300,000 half a million to million dollar loans that go into default looks like. No subprime there, is there?

So pull your head out of you Republican/Democrat @$$ and smell the $%!#. Only idiots believe that one party ruined our country because in reality, it was both parties acting in cyclical concert as puppets to the ruling class for the last 100 (or 400) years. THE SAME BANKS, CORPORATIONS, AND MEDIA ARE OWNED BY THE SAME FAMILIES OF PEOPLE WHO STARTED BANKING 400 YEARS AGO.

http://yourmortgageoryourlife.wordpress.com/2008/09/30/who-really-owns-your-money-part-one-the-depository-trust-clearing-corporation/

Thomas Jefferson quotes:
I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

Thomas Jefferson quotes:
The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.

This is happening today! Your dollar(s) did not disappear, it was illegally transferred somewhere else by securitization of loans to ALL who were never underwritten, and lack of government Banking oversight. Who received your dollar(s)? God bless you sheeple!

The gov’t (us taxpayers) is bailing out the imprudent banksta’s with about $trillion, give or take a few hundred billion. $40b is peanuts – peanuts in the big cowpie we’re all going to be forced to take a big bite out of… (I know, my participle is dangling)

Have I assessed the situation incorrectly?

Any chance you could speak of risk analysis methods? With the ratings agencies lack of objectivity in the news, I keep asking how does one compute risk on a falling asset value? Auto loans are on assets that fall in value as soon as they leave the dealer’s lot. Sail boats and yachts fall in value yet financed with some sort of risk assessment. Furniture sales advertised with interest free, blah, blah. True, these assets are small $ as compared to RE, but the risk to lend is still present.

So how is it that real estate, a fixed permanent asset, not clearly assessed and financed with risk adjusted?

Thanks.
Tim

http://www.youtube.com/watch?v=Phioe4DGu5E

So much for rating agencies!

You are going to love this: