Oh No!!! No Bailout - so what!!!!! http://www.therealdebtsolution
Monday, September 29, 2008
Sunday, September 28, 2008
Please give me $700 Billion Dollars
Most Americans think that this was a joke, but it's 100% true. Secretary Paulson got on one knee infront of House Majority leader Nancy Polesi and begged for the $700 billion dollar bailout.
What in the hell is our country coming too?
Don't believe the hype! The bailout isn't over the subprime lending. It's 25% subprime lending, 50% commercial / development, 25% expected returns on investments.
These guys must think we are stupid. So why are we only hearing about the subprime lending. Because poor people don't have voices in this country.
When the bailout happens and it most certainly will. We're going to see a bunch of people getting paid off for their support.
First in line will be the media. They will get large sums of pay off money in advertising revenue.
Second in line will be the lobbyist. They will get paid for what they do best, which is to get congress to vote in their clients favor.
Third in line will be the retiring congressional official and their family members. They will be rewarded with high paying consulting jobs.
Fourth in line will be the companies that took the money. They will reward themselves with hefty bonuses and in a round about way they will think they deserve it because they would have saved their companies and guaranteed a profit. They will say to themselves and their shareholders "we said we would profit, we just didn't say exactly how we would".
We are about to become one of the most important decisions in our history. If the congress and the president allow this bailout to go through. They will lose all credibility in the world. Not because of the bailout, because of the way they have treated US Citizens. As if we have an open credit card account for rich people but when it comes to middle class and poor people their no help at all.
Steven A Williams
http://www.therealdebtsolution.com
What in the hell is our country coming too?
Don't believe the hype! The bailout isn't over the subprime lending. It's 25% subprime lending, 50% commercial / development, 25% expected returns on investments.
These guys must think we are stupid. So why are we only hearing about the subprime lending. Because poor people don't have voices in this country.
When the bailout happens and it most certainly will. We're going to see a bunch of people getting paid off for their support.
First in line will be the media. They will get large sums of pay off money in advertising revenue.
Second in line will be the lobbyist. They will get paid for what they do best, which is to get congress to vote in their clients favor.
Third in line will be the retiring congressional official and their family members. They will be rewarded with high paying consulting jobs.
Fourth in line will be the companies that took the money. They will reward themselves with hefty bonuses and in a round about way they will think they deserve it because they would have saved their companies and guaranteed a profit. They will say to themselves and their shareholders "we said we would profit, we just didn't say exactly how we would".
We are about to become one of the most important decisions in our history. If the congress and the president allow this bailout to go through. They will lose all credibility in the world. Not because of the bailout, because of the way they have treated US Citizens. As if we have an open credit card account for rich people but when it comes to middle class and poor people their no help at all.
Steven A Williams
http://www.therealdebtsolution.com
Friday, September 26, 2008
No Bailout!
Most people don't understand what the so called bailout really consist of.
We'll I'm going to explain it to you. You won't hear this in the news or from congress. You might think that the bailout is to cover the so called subprime loans made to lower income people.
That's a half truth. The truth is that 75% of the loans were made to middle to upper income homeowners and business commercial properties.
Know if they were to pay off all of the forclosed property and gave the properties back to the homeowners free and clear. The bailout would only add up to $160,000,000,000 that's $160 billion dollars.
So why do they want $700 billion dollars? They are trying to pay the investors there profits!!!!
That's totally wrong. As an investor and I am one, investing is a risk and there's no guarantee you'll make your money back or a profit on the money you invest.
As least if you're a regular investor like me.
So the government is offering to pay the bad debt for these companies/investors. They will be giving the banks the houses free and clear to resell on the market.
My solution #1: Pay off all of the bad debt, $160 billion. Give the home owners the properties back free and clear. To make it fair all the other homeowners that aren't in forclosure lower their mortgage loan to 5% interest.
Investors that were looking to make a profit. Too bad!!!! That's life.
My solution #2: Don't bailout anyone at all and let the market do it's thing.
We'll I'm going to explain it to you. You won't hear this in the news or from congress. You might think that the bailout is to cover the so called subprime loans made to lower income people.
That's a half truth. The truth is that 75% of the loans were made to middle to upper income homeowners and business commercial properties.
Know if they were to pay off all of the forclosed property and gave the properties back to the homeowners free and clear. The bailout would only add up to $160,000,000,000 that's $160 billion dollars.
So why do they want $700 billion dollars? They are trying to pay the investors there profits!!!!
That's totally wrong. As an investor and I am one, investing is a risk and there's no guarantee you'll make your money back or a profit on the money you invest.
As least if you're a regular investor like me.
So the government is offering to pay the bad debt for these companies/investors. They will be giving the banks the houses free and clear to resell on the market.
My solution #1: Pay off all of the bad debt, $160 billion. Give the home owners the properties back free and clear. To make it fair all the other homeowners that aren't in forclosure lower their mortgage loan to 5% interest.
Investors that were looking to make a profit. Too bad!!!! That's life.
My solution #2: Don't bailout anyone at all and let the market do it's thing.
Monday, September 22, 2008
DEBT CRISIS IN AMERICA - EXTREME MEASURES
Anxiety disorders, depression, alcoholism, suicide and homocide – these are just a few of the emotional problems creeping up in the wake of the economic crisis sweeping the country.
If you need proof of the toll it’s taking on Americans – look no further than the tragic story of Carlene Balderrama, Evon Pavey or Peter Bellington.
Carlene Balderrama, the 53-year old mother and wife from Taunton, Mass., fatally shot herself Tuesday just hours before her mortgage company was scheduled to auction her house off.
Police said she faxed a letter to the company saying that by the time they foreclosed on her house that day, she would be dead. Ironically, her body was still inside the house when interested buyers showed up at the auction around 5 p.m., according to Taunton police chief Raymond O'Berg.
Balderrama’s husband John said he had no clue about the financial crisis that had been tearing his wife apart. Source - ABC News.
Evon Pavey, a house wife of New Albany, Ohio that ended up in severe credit card debt. Upset about the financial situation she had placed her family in, she committed suicide by driving her blue Mercury Tracer into a lake. Source - Maxed Out by James D. Scurlock.
Peter Bellington of College Dale, Tennessee who studied psychology in college found himself in serious student loan debt, credit card debt and automobile debt. On May 20, 2002 Peter's parents informed him that they would not be able to help him with his debt anymore. After arguing with his parents Peter went upstairs, got a 9mm pistol and shot his father, mother and sister to death. He got life in prison. Source - Maxed Out by James D. Scurlock.
The actions of these individuals were extreme, but there are millions of Americans suffering from stress, mood swings, domestic violence, poor health and agonizing depression all stemming from the worries of dealing with the overwhelming effects of the current economic crisis. When people are pushed from all directions the world starts to close in on them and we often don't know how they will react until it's to late.
FREE Report #1 Murder, Suicide and Theft. Shocking stories of extreme decisions everyday people are making to deal with their debt problems.
FREE Report #2 Reveals Secrets that banks, finance companies, insurance agents and credit card companies don't want you to know about! Plus the only 3 Legitimate Techniques that you can use to become debt free in 1 year or less.
http://www.therealdebtsolution.com
If you need proof of the toll it’s taking on Americans – look no further than the tragic story of Carlene Balderrama, Evon Pavey or Peter Bellington.
Carlene Balderrama, the 53-year old mother and wife from Taunton, Mass., fatally shot herself Tuesday just hours before her mortgage company was scheduled to auction her house off.
Police said she faxed a letter to the company saying that by the time they foreclosed on her house that day, she would be dead. Ironically, her body was still inside the house when interested buyers showed up at the auction around 5 p.m., according to Taunton police chief Raymond O'Berg.
Balderrama’s husband John said he had no clue about the financial crisis that had been tearing his wife apart. Source - ABC News.
Evon Pavey, a house wife of New Albany, Ohio that ended up in severe credit card debt. Upset about the financial situation she had placed her family in, she committed suicide by driving her blue Mercury Tracer into a lake. Source - Maxed Out by James D. Scurlock.
Peter Bellington of College Dale, Tennessee who studied psychology in college found himself in serious student loan debt, credit card debt and automobile debt. On May 20, 2002 Peter's parents informed him that they would not be able to help him with his debt anymore. After arguing with his parents Peter went upstairs, got a 9mm pistol and shot his father, mother and sister to death. He got life in prison. Source - Maxed Out by James D. Scurlock.
The actions of these individuals were extreme, but there are millions of Americans suffering from stress, mood swings, domestic violence, poor health and agonizing depression all stemming from the worries of dealing with the overwhelming effects of the current economic crisis. When people are pushed from all directions the world starts to close in on them and we often don't know how they will react until it's to late.
FREE Report #1 Murder, Suicide and Theft. Shocking stories of extreme decisions everyday people are making to deal with their debt problems.
FREE Report #2 Reveals Secrets that banks, finance companies, insurance agents and credit card companies don't want you to know about! Plus the only 3 Legitimate Techniques that you can use to become debt free in 1 year or less.
http://www.therealdebtsolution.com
Do you trust the government?
I find it totally incredible that the government will be proposing a $700 Billion dollar bailout of banks, mortgage providers and investment companies that participated in bad business practices!
My wife and I have a technique that we use when evaluating statementsmade by government officials in the news.
US Treasury Secretary Paulson - we must purchase this bad debt from these companies because its detrimental to our economic stability.
Moderator - should the government be in the business of bailing outbad decision by lenders and investors?
Secretary Paulson - No. But this house of cards has been lining upfor some time and we must act and act fast to save our economy orthings will get really bad.
Moderator - why can't we just let the market play out.
Secretary Paulson - because these companies are too interconnected and if we don't act fast it will be detrimental to our economy.
Ok!!!!!!!!!!!!!! Let me dry my eye's.
My questions to Secretary Paulson...
Steven - Mr Paulson if you wish to bailout these very smart lenders and investors with our tax payer money. Will you please forward ourstock certificates ASAP.
Mr. Paulson - but they're my friends
Steven - Mr Paulson why would you use our hard earned tax payer money to bailout what you call a house of cards waiting to collapse? Should you be asking for court actions?
Mr. Paulson - but they're my friends
Steven - Mr Paulson seriously if us tax payers buy the bad debt shouldn't we own the realestate that are attached to those debts?
Mr. Paulson - ??????????????????
Steven - Mr. Paulson how about this can we give those Americans there homes back free and clear? Intead of paying off the bad debtand giving the banks the homes also?
Mr Paulson - they're in the business of making loans and sellinghomes.
Steven - Mr. Paulson they haven't been doing a good job haven't they.
Alright enough of that....Seriously Secretary Paulson is proposingthat us tax payers buy the bad debt and let the banks / investors keep the properties or place them in the position to buy it backat a discount.
Also another non reported issue I have is 99% of these mortgages had mortgage insurance on them. That means if the homeowner walked alway or stopped making payments the banks got their money from the insurer, guess who the insurer is????? AIG!!!!!
The problem isn't that the banks didn't get their money, the problemis AIG is running out of money to pay the insurance that was paidby these homeowners.
Another big problem...if the bank takes the house back and makes a claim to their insurer AIG and gets their moneyback. Why do theyget to keep and resell the house again?
THIS IS A SCAM ON THE US TAX PAYERS!!!!!!!!!!!
You need to fight back by getting out of debt and saving your ownmoney for you and your families needs.
Pay off all of your bills in 1 year or less!
http://www.therealdebtsolution.com
My wife and I have a technique that we use when evaluating statementsmade by government officials in the news.
US Treasury Secretary Paulson - we must purchase this bad debt from these companies because its detrimental to our economic stability.
Moderator - should the government be in the business of bailing outbad decision by lenders and investors?
Secretary Paulson - No. But this house of cards has been lining upfor some time and we must act and act fast to save our economy orthings will get really bad.
Moderator - why can't we just let the market play out.
Secretary Paulson - because these companies are too interconnected and if we don't act fast it will be detrimental to our economy.
Ok!!!!!!!!!!!!!! Let me dry my eye's.
My questions to Secretary Paulson...
Steven - Mr Paulson if you wish to bailout these very smart lenders and investors with our tax payer money. Will you please forward ourstock certificates ASAP.
Mr. Paulson - but they're my friends
Steven - Mr Paulson why would you use our hard earned tax payer money to bailout what you call a house of cards waiting to collapse? Should you be asking for court actions?
Mr. Paulson - but they're my friends
Steven - Mr Paulson seriously if us tax payers buy the bad debt shouldn't we own the realestate that are attached to those debts?
Mr. Paulson - ??????????????????
Steven - Mr. Paulson how about this can we give those Americans there homes back free and clear? Intead of paying off the bad debtand giving the banks the homes also?
Mr Paulson - they're in the business of making loans and sellinghomes.
Steven - Mr. Paulson they haven't been doing a good job haven't they.
Alright enough of that....Seriously Secretary Paulson is proposingthat us tax payers buy the bad debt and let the banks / investors keep the properties or place them in the position to buy it backat a discount.
Also another non reported issue I have is 99% of these mortgages had mortgage insurance on them. That means if the homeowner walked alway or stopped making payments the banks got their money from the insurer, guess who the insurer is????? AIG!!!!!
The problem isn't that the banks didn't get their money, the problemis AIG is running out of money to pay the insurance that was paidby these homeowners.
Another big problem...if the bank takes the house back and makes a claim to their insurer AIG and gets their moneyback. Why do theyget to keep and resell the house again?
THIS IS A SCAM ON THE US TAX PAYERS!!!!!!!!!!!
You need to fight back by getting out of debt and saving your ownmoney for you and your families needs.
Pay off all of your bills in 1 year or less!
http://www.therealdebtsolution.com
25 Banks and Savings & Loans Closed Up
From the desk of Steven A Williams - The Real Debt Solution,
Hard economic times are not over. As of Sept. 3, 2008 over 25 banksand savings and loans have failed. They have all been taken overby the Non-govermental private Federal Reserve.
As of right now!!!! There are over 25,000,000 people with what'scalled Pay-Option-Arm-Loans. These are loans that give you an option to pay a minimum payment, interest only payment or a full payment.
The problem is that most of the people with these types of loans couldn't really afford the real Principle and Interest payment.So they made the Minimum payment. Which didn't even cover the minimum interest payment of the loan.
In essence they were going deeper into debt every month. My bankcontacts have told me that some of these loans will adjust soonand they expect people to just walk away from their homes and thatthey are already doing it in California, Florida, Texas, Nevada,and New York!
My sources tell me that some of the payments of the families thathave this type of loan will go from $2,500 a month to $5,000 or more per month. NO JOKE!!!!
My advice to you and anyone that is in debt is to get out of debtor hold very little debt. Not more than 10% to 15% of your grossincome.
No credit card debt and no automobile debt.
For more times please email me or visit my website at:http://www.therealdebtsolution.com
Hard economic times are not over. As of Sept. 3, 2008 over 25 banksand savings and loans have failed. They have all been taken overby the Non-govermental private Federal Reserve.
As of right now!!!! There are over 25,000,000 people with what'scalled Pay-Option-Arm-Loans. These are loans that give you an option to pay a minimum payment, interest only payment or a full payment.
The problem is that most of the people with these types of loans couldn't really afford the real Principle and Interest payment.So they made the Minimum payment. Which didn't even cover the minimum interest payment of the loan.
In essence they were going deeper into debt every month. My bankcontacts have told me that some of these loans will adjust soonand they expect people to just walk away from their homes and thatthey are already doing it in California, Florida, Texas, Nevada,and New York!
My sources tell me that some of the payments of the families thathave this type of loan will go from $2,500 a month to $5,000 or more per month. NO JOKE!!!!
My advice to you and anyone that is in debt is to get out of debtor hold very little debt. Not more than 10% to 15% of your grossincome.
No credit card debt and no automobile debt.
For more times please email me or visit my website at:http://www.therealdebtsolution.com
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