RIGHT IS WRONG AND WRONG IS RIGHT FOR EVERGREEN COLORADO REAL ESTATE CITIZENS
The new Dodd-Frank Wall Street Reform and Consumer Protection Act will wiggle its way into every part of your life. It will retroactively increase the FDIC insurance limits for banks forced into closing by the Federal Reserve and the Treasury and you and your grandchildren will get the bill – because the FDIC is bankrupt. Businesses will be allowed to place a $10.00 minimum purchase limit for using your credit or debtit card or else charge you to do business with them – people in Washington don’t know how the rest of us live. The Federal Government and colleges and universities no longer have to take credit and debit cards as payment or they can charge you an extra fee. Mortgage brokers fees will be cut so that only the big Wall Street banks, who caused the mortgage melt down, will be able to charge you anything they like – so bend over when all competition is eliminated as every loan fee will go through the roof. There will be a lot more small print on the statements you get from your bank, loan company and credit cards companies – the new laws requires these businesses to disclose their new charges and limits to you before they begin to charge you.
This is a tpical Washington boondoggel bill which will do absolutly nothing to help or protect you but will cost you more and more money from now on. I ask you who sold toxic mortgage derivatives around the globe? Wasn’t it the Wall Street “to big to fail banks” which were bailed out. Who creaded the adjustable rate, doomed to fail, mortgage products? Wasn’t it Bank of America, Wells Fargo, Countrywide, Fannie Mae and Freedie Mac? The very people that are exempted from these new regulations. Who allowed AIG to sell unfunded insurance as credit default swaps which was the big lie that inspiried people to by Fannie and Freddie mortgages? Wasn’t it the New York and National Federal Reserve. Who created the mandate to book loans to people who did not have the down payment nor the credit history to qualify? Wasn’t it Barney Frank and Chris Dodd. Who is destroying the dollar by spending America into oblivion? Isn’t the executive and legislative Federal governments who are the epitome of fiscal irresponsibility. Wasn’t it all the State mortgage regulators who rubber stamped all these mortgage time bombs and encouraged people to keep inflating the housing balloon?
You see You did not create the mortgage tornado, you didn’t allow AIG to destroy the American economy, you didn’t pay million dollar bonuses to Fannie, Freddie, and Wall Street executives as they destroyed the mortgage and housing business – so why are you and the local banks being punished. If we really want to solver our economic problems let’s prevent Washington’s meddling in our economy; take legislative control away from the congress and return it to the states; lets eliminate the Federal Reserve and return to constitutional monetary policy; let’s let the big banks fail and if investors are so stupid as to buy toxic mortgages insured by the AIG’s of the world, and with the Federal Reserve’s stamp of approval, then let them go bankrupt just like we do on Mais Street when we make a poor or foolish investment.
This new bill rewards all the people who cause the recession and punishes all the taxpayers who bailed them out. Welcome to Washington where right is wrong and wrong is right.
We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES and are Your one stop shop for all Your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE. We are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and are looking forward to serving You with all Your Real Estate needs. Please, give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com. Don’t forget to register for Your FREE BUYER INCENTIVES.
Tags: BUILDING EVERGREEN COLORADO REAL ESTATE, Evergreen Colorado custom home builder, HOUSES AVAILABLE FOR SALE CONIFER COLOORADO, HOUSES AVAILABLE FOR SALE EVERGREEN COLORADO REAL ESTATE
If this article hasn’t been posted anywhere else, it should be. You have definitely learned much from the ideas you came up with to put into such a wonderful article.