Wednesday, March 24, 2010

Fwd: “People With the Ability to Pay Back Are Not Asking For Loans From Banks”

-------- Original Message --------
Subject: "People With the Ability to Pay Back Are Not Asking For Loans From Banks"
Date: Wed, 24 Mar 2010 05:21:19 -0700

"People With the Ability to Pay Back Are Not Asking For Loans From Banks" That is from a British financial commentator. That is why we have the criminal financial enterprise, also know as the Government of the United Scams of America, insuring mortgages, via FHA, to people who don't have the ability to pay back. The losses that bankrupters and fraudsters and the Fraudulent Reserve would have had are being transferred to FHA, Fannie and Freddie over a period of 3-5 years (all get an F in ethical lending!). These agencies are long-term placeholders for the losses that should have accrued to the private bankrupters and fraudsters. AIG was the instantaneous placeholder and Fraudulent Reserve an intermediate-term placeholder for the losses of private bankrupters and fraudsters. A system of the Crooks, by the Crooks and for the Crooks, no?

 

Jas


Real Estate


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