Banks, FDIC And Our Tax Dollars.....

[Toiletcake]

Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

 

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[MJ DeMarco]

Disturbing video and if true, educational!

 

[CommonCents]

It's one thing if FDIC is selling insolvent bank portfolios at a discount into stronger private hands. It's another for them to use original loan amount as basis for loan loss sharing program funded by taxpayers, instead of the discounted price paid by investor.

It's pure taxpayer rip off arbitrage while adding fuel to the real estate fire by discouraging any loan work outs. Nothing but corrupt big government crony capitalism.

 

[kurtyordy]

Nothing but corrupt big government crony capitalism.

no, this is not capitalism. This is socialism. True capitalism would have let them all fail.

 

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[CommonCents]

I meant to put "capitalism" in quotes. A total mockery of it.

 

[Sparlin]

Hey guys, I know it's easy to get upset by this kind of stuff. The best defense is to educate yourselves about what's going on in all aspects of the economy and the country. This includes learning history, telling others about it, and holding accountable those who are in control of policy.

That said, this thread is veering off into "political" areas. I often find myself tempted to post political points and my values. This is just a gentle reminder of the forum's over all goals to be impartial in regards to politics. I kind of feel like the new hall monitor telling his friends to slow down.

Thanks for understanding.

 

[Cat Man Du]

That said, this thread is veering off into "political" areas. I often find myself tempted to post political points and my values. This is just a gentle reminder of the forum's over all goals to be impartial in regards to politics. I kind of feel like the new hall monitor telling his friends to slow down.

Thanks for understanding.

Any questions...........just ask CAT.........he knows where this can lead!! :smx4:

 

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[Toiletcake]

This isnt supposed to be political.

Its a gross display of the system we belong to.

I bust my tail to have my tax dollars stuffed into Goldmans pockets.

We need to be heard

Disgusting

That is all..

 

[Sparlin]

This isnt supposed to be political.

Its a gross display of the system we belong to.

I bust my tail to have my tax dollars stuffed into Goldmans pockets.

We need to be heard

Disgusting

That is all..

I wasn't addressing your post. I was just observing the direction of the conversation. Keeping informed about important and relevant topics is essential for decision making. Abuse of power is disgusting and should warrant concern. There are places to vent frustration with injustices, it's just not appropriate in this venue as I understand it.

Thanks for bringing the link to our attention.