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Families Choose to Embrace ARMs by Eileen Alt
Powell, AP Ole Bear, Editor, Commentary A Farewell to ARMs, the Ship of Fools, and the FDIC Well, Folks, if you read between the lines of these linked essays, you probably will want to just break down in tears and cry. The other response is to begin laughing so hard you rupture a kidney or spleen. Why? No, it is not that folks are dumb economically and monetarily speaking and are trying their best for the American Dream working hard and raising their families and paying their bills. It is the fact that they have been mis-educated about illegal aliens, loans, real estate, money, money systems, and real money at the hands of the GSEs, the Federal Reserve, and our bloated spurious politicians [DemoPublicans] under a corrupt tax system, implemented at the same time in 1914 as the Federal Reserve Fraud of the private banking cartel, which currently runs, rules, and rigs the realty valuation industry pumping all these real estate prices. Illegal aliens whether from Mexico or Mars, are still illegal -- why should Big Brother house these rascals and give 'em 100% home loans [free lunch] and to encourage illegal banking practices -- when these folks should be sent back home -- which means deported in plain American English. If I want to learn Spanish, I will go take a class. The other thing about the FDIC is that it is under-funded in a major banking crisis, and their guarantee of insuring accounts and deposits up to $100,000 is a big joke. Who's kidding whom, here? I laugh every time I walk into a bank, S&L, or credit unit and see this FDIC propaganda. That brings us back to FDR who somehow has achieved Sainthood in Legend and Lore of American History. FDR did more to destroy private property rights [that includes real estate and Constitutional money systems] than General Sherman burning Atlanta and marching to Savannah destroying everything in the Federal Army's path. When you drive around on the streets of Columbia, Missouri and see real estate for sale signs on properties that also have Wells Fargo signs advertising 100% Financing on the properties for sale, the next thing these rascals will be doing is putting these signs in both English and Spanish. With the way the mortgage industry and realty valuation gig has gone, Wells Fargo will probably start making home loans from lemonade stands on the streets of Columbia. Real estate bubble? Nahhhhhhh! Yours Truly, Ole
Bear, Editor © 2005 Realty Reality |
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