Are we missing the outrage for being sold down the river by a ship steered by fools in the mortgage crisis? Even our choice for presidential candidates show heavily embedded lobby and financial interests for a Marxist socialist solution or a watered down free market solution. Both are sleepwalking in lobby money and favoritism.
Selling houses to people who could not afford those home let alone the property taxes was begun by legislation passed by President Jimmy Carter. His legislation encouraged home ownership to people who were high financial risks by making it easy for them to get loans.
President Bill Clinton put this bogus practice on steroids. He enacted legislation that punished mortgage lenders that would not comply. He deregulated risk by legislating against it causing a complete abandonment of sound lending practices.
Fannie Mae and Freddy Mac bought these loans, repackaged these loans and sold them on the open market. They sent hundreds of millions of dollars by their lobbies to politicians that in order to continue this masquerade.
Insurance companies insured these bogus loans. AIG and others evaluated this risk. Their leverage was originally set at 12 to one. They too threw million in lobby money at Congress, then the asked for a 30 to 1 leverage and further increased risk. This pumped up and spectacurlary increased their profits by huge amounts while the real estate market was going up.
Federal Reserve economists put their stamp of approval on this financial gimmickry and allowed this charade to continue. Acorn (Association of Community Organizations for Reform Now) and other similar socialist leaning organizations further aided in twisting banks to make even more fraudulent loans.
The House Finance Chief, SEC Chairman, Banking Committee Chairman and any Congressman or public official accepting lobby money were shills for this cancer. Prison and banishment from public office should be their reward for violating the public trust! Politicians accepting lobby money need prison and banished from public office. Lobby money is nothing more than a bribe. If you bribe a cop for not giving you a speeding ticket you go to jail. If a public official accepts a bribe, shouldn't they be put in jail as well?
When the hot air balloon runs out of fuel used to create the hot air, the balloon crashes. When the easy credit real estate market turned and foreclosures ascended, the balloon was punctured and stopped climbing; it crashed. Humpty Dumpty and the 700 billion dollar bailout that was weighed down with pork project bought and paid for by additional lobby money show how corrupt these weasels are. Where is the ethical outrage?
Real estate prices have fallen so many municipalities have raised tax rates. When you look at your real estate assessment values, there is a good chance that comparable sold homes would give you an edge for a property tax appeal. At least it is worth a look. - 14915
Selling houses to people who could not afford those home let alone the property taxes was begun by legislation passed by President Jimmy Carter. His legislation encouraged home ownership to people who were high financial risks by making it easy for them to get loans.
President Bill Clinton put this bogus practice on steroids. He enacted legislation that punished mortgage lenders that would not comply. He deregulated risk by legislating against it causing a complete abandonment of sound lending practices.
Fannie Mae and Freddy Mac bought these loans, repackaged these loans and sold them on the open market. They sent hundreds of millions of dollars by their lobbies to politicians that in order to continue this masquerade.
Insurance companies insured these bogus loans. AIG and others evaluated this risk. Their leverage was originally set at 12 to one. They too threw million in lobby money at Congress, then the asked for a 30 to 1 leverage and further increased risk. This pumped up and spectacurlary increased their profits by huge amounts while the real estate market was going up.
Federal Reserve economists put their stamp of approval on this financial gimmickry and allowed this charade to continue. Acorn (Association of Community Organizations for Reform Now) and other similar socialist leaning organizations further aided in twisting banks to make even more fraudulent loans.
The House Finance Chief, SEC Chairman, Banking Committee Chairman and any Congressman or public official accepting lobby money were shills for this cancer. Prison and banishment from public office should be their reward for violating the public trust! Politicians accepting lobby money need prison and banished from public office. Lobby money is nothing more than a bribe. If you bribe a cop for not giving you a speeding ticket you go to jail. If a public official accepts a bribe, shouldn't they be put in jail as well?
When the hot air balloon runs out of fuel used to create the hot air, the balloon crashes. When the easy credit real estate market turned and foreclosures ascended, the balloon was punctured and stopped climbing; it crashed. Humpty Dumpty and the 700 billion dollar bailout that was weighed down with pork project bought and paid for by additional lobby money show how corrupt these weasels are. Where is the ethical outrage?
Real estate prices have fallen so many municipalities have raised tax rates. When you look at your real estate assessment values, there is a good chance that comparable sold homes would give you an edge for a property tax appeal. At least it is worth a look. - 14915
About the Author:
Before you pay your property taxes, look into a property tax reduction manual and learn how to use common comparable a sold homes figures so you can lower your property tax. When you do, you have a case that you can be confident in to win and lower your real estate taxes.
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