BUSH’S SCAM TO HIJACK BABY BOOMERS’ EQUITY, IRAs, & stock gains!

I knew sub-prime mortgages were a SCAM when the banks started to lend millions to borrowers without verifying the home buyers’ income (BOA’s stated income or “Liars loan”)!
Why would any lender give mortgage $$$ to anybody without checking to see if they could afford to make the payments AND PAY BACK THEIR LOAN?
But if the mortgages where valuable as investments and bundled and sold to wall st., who sold them with S&P’s highest rating  because Americans have the lowest foreclosure rate in the world (NOW THE HIGHEST!) to investors SUCH AS ICELAND (which went bankrupt) then “LIARS LOANS” make sense because this reckless lending results in more sub-prime mortgages that can and were sold to WALL St. to sell to STANDARD & POOR’S TRUSTING investors around the world.
It did not matter to the BANKS OR WALL ST. that 70% of sub-prime mortgages went into foreclosure and bankruptcy because they had already made their profits by selling the mortgages to wall St.
Millions of US lost our homes and jobs in the resulting great recession because of Bush’s de-regulations (republicans still preach de-regulation) that was payback for BIG BUSINESS donations to elect REPUBLICAN POLITICIANS!!!!!!!!!!!!
FTRImage
—– Original Message —– 

One comment on “BUSH’S SCAM TO HIJACK BABY BOOMERS’ EQUITY, IRAs, & stock gains!

  1. pmjones734 says:

    WHERE DID ALL THE STATE’S VICTIM COMPENSATION MONEY GO?

    SMITHY,
    Pam Bondi’s administration is NOT sending compensation $$$ to florida’s victims of crimes as the law says.
    three years ago when my AC was stolen I received my victim compensation in a timely manner.
    But, when my AC was stolen again in 2012 and i filed for another victim comp. check NOTHING! I have called and written the county and state but all they say is that “they are backed up”.
    smithy, could you ask your viewers/listeners if anyone has NOT received their victim comp check after the county and state application?
    I have a feeling something FISHY is going on. Maybe TEA PARTY Pam is not sending $$$ to reg. Democrats such as me!
    pete
    —– Original Message —–

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