civusamericanus
06-03-2011, 11:53 AM
It wasn't Low Interest Loans that destroyed the housing market, or FHA, Fannie, or even Freddie, it was government collusion with big business. They just want you to think that was what made the industry fail, they needed a scapegoat, and what better way to cover up what the government and corporatist big business were doing than get the RIGHT blaming the poor people and the LEFT blaming speculative investors. Man they sure got the right and left hook line and sinker, while companies like Lennar Homes is handed over all the small builders business, for pennies on the dollar from the FDIC.
I've provided a link with charts graphs and other stories related to this subject.
http://www.imesh.us/What Has Really Happened to the United States.pdf
What Has Really Happened to the United States of America?
In 2008, the U.S. financial system was put into a position of failure by the Washington D. C. Politicians. It started as a sub-prime mortgage crisis which was less than a two percent failure in the mortgage market and only camouflaged the real cause and affect of the political agenda. Washington wanted to control the U. S. Financial system to transfer wealth and that they did by implementing the Mark to Market fair value accounting system. This affected the financial markets by reducing five trillion dollars from it, upon signing the bill. This made almost all real estate holdings with a 30% plus loan to real value a negative equity which caused many banks to collapse and real estate developments to fail. On top of that the bank regulators shut down funding for most real estate developments and holdings. Now they really did have a crisis because the Stock Market and Financial Markets were all failing.
In 1929 the Stock Market collapsed, but it was not until 1931- 1938 when the Mark to
Market was used that the banking system collapsed. The Mark to Market reduces the
value of equity to what it can be sold for, not what is real value like replacement cost. To implement this in real estate holdings is an utter disaster, because it devalues all holdings to only what the market will bare and no consideration of real value. During that time much of the wealth was transferred and the Social Programs and Agenda of Roosevelt were implemented. It was only upon start of World War II that the Mark to Market was set aside and the economy begun to come back.
In fall of 2008 our government decided to fix what they had broken by injecting seven
hundred billion dollars into the failing financial market and another one trillion once
Obama became President. Politicians in Washington D. C. bought AIG, GM, Chrysler,
and parts of Citi Bank. They committed billions of dollars to Fannie Mae, Freddie Mac,
FICA, and the large financial institutes. But, with the devalued assets now affecting the entire market, credit being shut down, money not available, and limited buyers Mark to Market was and is allowing properties to transfer for pennies on the dollars. Banks were and still are failing in record numbers, foreclosures are at all time highs, jobless rates remain very high, bankruptcies are at a high, and 45 million people here in America are on food stamps. Yet the government says we are in a recovery.
Why would the government want to implement the Mark to Market knowing that it
removed five trillion dollars from the Market Place? How did that fix the market and all
it’s failing companies? Was it that they really did not want it to be fixed? Did this allow
them the ability to capture an interest in many financial markets? Is not communism
where the government controls the markets and owns the businesses for the transfer of the wealth to the impoverished and needy, like your government?
We are truly allowing the erosion of our freedoms here in America and a way to provide for our families. Our work allows us the freedom of many choices and our few remaining industries such as the construction industry have been gutted and destroyed by government intervention and regulations. What they did is devalued the properties, removed the funding, defamed the workers, destroyed the financial base for families involved in that industry, and stolen all the properties and holdings forcing many into bankruptcy.
Foreign investors are now very afraid to invest in America because we allowed our
investments to devalue so low that many have been financially damaged and
psychologically angered for trusting our financial system. The world is now focused on
China and India as the growing economies.
Our future depends on corrective actions and not politicians, but yet we keep playing right versus left thinking it will make a difference. The politicians took 5 trillion dollars out and put 1.7 trillion dollars back into financial institutions restricting them from lending it out.
Since 2008, Politicians have increased our Nation Debt by spending over 5 trillion dollars. You cannot spend your way out of debt you must work your way out. We need to limit the power provided to our government and let business provide the wealth required to support our people. This can only be done by opening the funding of productive businesses and not just funding the financial institutes that are forced to hold back in investing by regulators.
We need to put back real value to our investments so that all can compete in a real world economy. Our Nation’s debts will be paid quickly if the economy is working. Let’s allow business back in to renew the American Dream for this generation and the future
generations to come.
I've provided a link with charts graphs and other stories related to this subject.
http://www.imesh.us/What Has Really Happened to the United States.pdf
What Has Really Happened to the United States of America?
In 2008, the U.S. financial system was put into a position of failure by the Washington D. C. Politicians. It started as a sub-prime mortgage crisis which was less than a two percent failure in the mortgage market and only camouflaged the real cause and affect of the political agenda. Washington wanted to control the U. S. Financial system to transfer wealth and that they did by implementing the Mark to Market fair value accounting system. This affected the financial markets by reducing five trillion dollars from it, upon signing the bill. This made almost all real estate holdings with a 30% plus loan to real value a negative equity which caused many banks to collapse and real estate developments to fail. On top of that the bank regulators shut down funding for most real estate developments and holdings. Now they really did have a crisis because the Stock Market and Financial Markets were all failing.
In 1929 the Stock Market collapsed, but it was not until 1931- 1938 when the Mark to
Market was used that the banking system collapsed. The Mark to Market reduces the
value of equity to what it can be sold for, not what is real value like replacement cost. To implement this in real estate holdings is an utter disaster, because it devalues all holdings to only what the market will bare and no consideration of real value. During that time much of the wealth was transferred and the Social Programs and Agenda of Roosevelt were implemented. It was only upon start of World War II that the Mark to Market was set aside and the economy begun to come back.
In fall of 2008 our government decided to fix what they had broken by injecting seven
hundred billion dollars into the failing financial market and another one trillion once
Obama became President. Politicians in Washington D. C. bought AIG, GM, Chrysler,
and parts of Citi Bank. They committed billions of dollars to Fannie Mae, Freddie Mac,
FICA, and the large financial institutes. But, with the devalued assets now affecting the entire market, credit being shut down, money not available, and limited buyers Mark to Market was and is allowing properties to transfer for pennies on the dollars. Banks were and still are failing in record numbers, foreclosures are at all time highs, jobless rates remain very high, bankruptcies are at a high, and 45 million people here in America are on food stamps. Yet the government says we are in a recovery.
Why would the government want to implement the Mark to Market knowing that it
removed five trillion dollars from the Market Place? How did that fix the market and all
it’s failing companies? Was it that they really did not want it to be fixed? Did this allow
them the ability to capture an interest in many financial markets? Is not communism
where the government controls the markets and owns the businesses for the transfer of the wealth to the impoverished and needy, like your government?
We are truly allowing the erosion of our freedoms here in America and a way to provide for our families. Our work allows us the freedom of many choices and our few remaining industries such as the construction industry have been gutted and destroyed by government intervention and regulations. What they did is devalued the properties, removed the funding, defamed the workers, destroyed the financial base for families involved in that industry, and stolen all the properties and holdings forcing many into bankruptcy.
Foreign investors are now very afraid to invest in America because we allowed our
investments to devalue so low that many have been financially damaged and
psychologically angered for trusting our financial system. The world is now focused on
China and India as the growing economies.
Our future depends on corrective actions and not politicians, but yet we keep playing right versus left thinking it will make a difference. The politicians took 5 trillion dollars out and put 1.7 trillion dollars back into financial institutions restricting them from lending it out.
Since 2008, Politicians have increased our Nation Debt by spending over 5 trillion dollars. You cannot spend your way out of debt you must work your way out. We need to limit the power provided to our government and let business provide the wealth required to support our people. This can only be done by opening the funding of productive businesses and not just funding the financial institutes that are forced to hold back in investing by regulators.
We need to put back real value to our investments so that all can compete in a real world economy. Our Nation’s debts will be paid quickly if the economy is working. Let’s allow business back in to renew the American Dream for this generation and the future
generations to come.