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This will make your blood boiling!
http://www.thinkbigworksmall.com/mypage/...3119/-1992
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
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A summary for those of us on dialup?
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OMG .....this explains an awful lot about beating our heads against the wall trying to help people over that last year. Someone forgot to explain the rules. I'm pissed off, but not surprised
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That is only one good illustration of the fraud that is going on. This is how the Federal Reserve System is setup to work. What is occurring right now is part of a plan. I suggest people really learn the answer to the question "Where do US dollars come from?" because once you know the truth about that, you will not be mad when you see this, neither will you be surprised. this is the plan.
http://www.youtube.com/watch?v=_doYllBk5No&feature=PlayList&p=879A14495D29C64F&index=0&playnext=1
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quote:
Originally posted by PaulW
A summary for those of us on dialup?
Sorry Paul, it's all math, you have to see it to believe it!
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.327.3185
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
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Thanks John.
And thanks 808.
Wow, thanks for posting that. I watched all 8. And learned a lot. I will pass it on. Most of us really don't know whats going on, do we? Only until we open our truly conditioned and passified minds and be ready to really learn, will we see what is really happening and perhaps find a better way.
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John, just please tell me it's not the tired old Federal Reserve conspiracy theory. Some people will believe anything.
Short version
1) IndyMac, loans bought by OneWest at 70% of original value,
2) OneWest getting a bailout agreement for 80% of losses on foreclosures and short sales from FDIC
3) Math - I'll make up some numbers as I forget the ones on the video.
Say bank short sales home for 300K when original note was 400. Bank lost 100K, right? No. FDIC hands them 80% of the "loss" = 80K. Added to Short sale amount they got 380K. The bought loan at 70% value so paid 280K for it. One West just profited 100K AND they make homeowner sign promissory note for 100K as condition of short sale.
FDIC is now out of funds and looking to the Treasury for help.
ETA oh, and the players involved are various big names of Goldman Sachs etc. and former Secretary of the Treasury. In other words, people in high places helping themselves and their friends, same old same old.
Meanwhile, bank has zero incentive to make loan mods because they make money on foreclosures and short sales.
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Can you please clarify this statement for me. What do you believe the "conspiracy" is? I would like to honestly know what you are talking about. The fed is a private institution that controls the money supply.
quote:
Originally posted by PaulW
John, just please tell me it's not the tired old Federal Reserve conspiracy theory. Some people will believe anything.
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There are undoubtedly hundreds or thousandds of similar subjects which are all worthy of discussion but unless someone can bring this quickly into Puna or Hawaii and keep it there I am inclined to disappear this topic.
Assume the best and ask questions.
Punaweb moderator
Assume the best and ask questions.
Punaweb moderator
