MORE stands for Monies Owed Restores Economy High interest rates on your credit cards and loans charged by the banks give lending institutions a legal avenue to steal your money. These high interest rates were illegal until the last 10 years when regulations were removed to allow banks to rob your hard earned money MORE stands for… (M)…Monies (O)…Owed (R)…Restores (E)…Economy It is time for the banks to stop (what should be illegal) predatory lending practices…and return your money. Since 1998 banks have been legally stealing your money. Congress and the Senate should put a stop to the predatory lending laws that are turning millions of US citizens into slaves to the bank. Just a handful of years back…Banks were not allowed to charge over 7% interest in California. Congress and the Senate were asleep at the wheel when regulations were dissolved to allow banks to jack up the interest rates on your credit cards and loan payments (even if you were paying your bills on time). The FICO score…(FICO stands for “Fair Isaac Corporation) should be changed to the FICU score or the “Fair Isaac Corporation Unfair” score. Congressmen and Senators ahve been taking campaign contributions from banks such as Citigroup, JP Morgan, Chase and others…and because of this…your representatives have allowed banks to jack up interest rates on everything from credit cards to student loans. This is an outrage! Your representatives have allowed Banks to sneak in your back door and …
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See how the banks are manipulating the foreclosure market. You can use this information to buy foreclosures by timing your purchase. December 8, 2008 Look at my video ‘ Real Estate market bottom’ to see how to tell the bottom. See also video “make more money on sale of house ” It is now apparent that there is a detailed plan to take money away from investors by conning them to buy foreclosures, and have the entire market deflate. Go to www.financialsense.com You will notice this is a 2005 article. May 23, 2008. The existing home sales came out today with an average loss of $1500 per month for the median US Home price over the last year. Most people have no conception how this is impacting their lives. If you had $200000 in equity last year, you just lost 7% of your equity. In California, it was probably more. If you had sold your house last year and moved into a rental, you would have zero cost for living in the rental. If you had moved into 2 specific real estate purchases, you could have increased your capital and retained your mortgage deduction. You would actually be further ahead. Losses in home equity will accelerate for the next year. If you become underwater in your present equity, you could be stuck in your present property for many years or have to come up with substantial separation money to preserve your credit rating. The foreclosure bailout proposed by the congress is just window dressing in order to forestall a panic. What is going to happen is that this …
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ST. PETERSBURG, FL — On Friday, August 1, the Barack Obama presidential campaign hit a serious bump in a St. Petersburg, Florida town hall meeting as members of the International People’s Democratic Uhuru Movement (InPDUM) challenged Obama on his unwillingness to speak to the interests of the African community. While demonstrators outside chanted “Obama, McCain, its the same game,” InPDUM members inside raised a banner that read “What about the black community, Obama?” InPDUM International Organizer Diop Olugbala challenged Obama asking, “In the face of the numerous attacks that are made against the African community or the black community by the same US government that you aspire to lead — and we are talking about attacks like the subprime mortgage that you spoke of that wasn’t just a general ambiguous kind of phenomena, but a phenomena that targeted the African community and Latino community; attacks like the killing of Sean Bell by the New York police department and Javon Dawson right here in St. Petersburg by the St. Petersburg police, and Jena 6 and Hurricane Katrina, and the list goes on. In the face of all these attacks that are clearly being made on the African community, why is it that you have not had the ability to not one time speak to the interests and even speak on the behalf of the oppressed and exploited African community or black community in this country?” After stammering, Obama made the claim that he had addressed all of those issues with public …
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Foreign investors worried about Australian debt
International investors are concerned about household debt levels and whether house prices are going to hold up in Australia.
Shelp Interview About AIG, Cassano
June 30 (Bloomberg) — Ronald Shelp, former executive in charge of government relations and international affairs at American International Group Inc., talks with Bloomberg Mark Crumpton and Julie Hyman about former AIG executive Joseph Cassano’s testimony today before the Financial Crisis Inquiry Commission in Washington.
