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t r u t h o u t | Short Sales: Banks Blocking Way Out of Foreclosure Crisis

http://www.truthout.org/050909D?print

 

 

This entry was posted on Sunday, May 10th, 2009 at 11:01 AM and filed under Economics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

One Response to “t r u t h o u t | Short Sales: Banks Blocking Way Out of Foreclosure Crisis”

  1. Michael Gunn said:

    Thank MB

    This article is right on;
    The “CRAM DOWN”rejected by the Senate is PROOF OF SENATORS DUSTBIN’S the comment that the BANKSTERS; “FRANKLY OWN THE PLACE”

    Additional proof was again shown WHO OWNS CONGRESS…with the PHARMACEUTICAL video…..arresting 8 Doctors who stood up & voiced their opposition/opinions… speaking the TRUTH that the SENATE/CONGRESS are owned by the CORPORATIONS/MILITARY INDUSTRIAL COMPLEX.

    The “CRAM DOWN” Law would have restored the Bankruptsy Judges ability to modify the Mortages AT NO COST TO TAXPAYERS!!!

    Prior to 1978 “Cram Down” in bankruptcy; persons HOME mortgage was standard procedure to reevaluate to market value….. the changing of the Bankruptcy Law harmed the most vulnerable of the upper, to lower middle classes & only benefited the wealthy, those who could use the “CRAM DOWN LAWS” ON their Vacation & Investment properties & any other vacation toys; the “God dammed” Eastern Banksters & law makers are the ONLY ONES who benefited from this bastardization of the original bankruptcy laws.

    Suggest that ALL those who are cash impaired;
    TIME FOR CIVIL DISOBEDIENCE…..
    epically if your credit FICA scores is <700… anything less than 700 YOU WILL NOT GET LOANS….
    …YOUR CREDIT SCORE IS DESTROYED anyway ….
    … STOP PAYING CREDIT CARDs & MORTGAGES….

    I REMEMBER WHEN THE INTEREST CHARGES & PENALTIES COLLECTED TODAY WERE AGAINST THE LAW (< 1970’s)…..

    ONLY THE MAFIA & GANGSTERS CHARGED SUCH RATES…

    S

    Posted on 10-May-09 at 1:43 pm | Permalink

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