This video taken from thinkbigworksmall.com is a complete eye-opener to what is REALLY going on with this foreclosure/bank/economic mess.
Stick with it, it’s only a couple of minutes, but the picture actually becomes VERY clear. This is unbelievable if you didn’t know it. I didn’t..
Watch it NOW – just click the play button on the video to your right >>>
I told you it was an eye-opener! No wonder we’re in such an economic mess.
Do me a favor and post your thoughts on this in the comments below. Don’t hold back, I really want to know what you think.
David
{ 27 comments… read them below or add one }
David,
It make me mad as hell when we are trying to help people out of a problem and as usual only the insiders who who make the deals with the government and pay them lots of money ( lobbyist) to get this type of rules passed. It is right along with a wrench costing 1000 dollars when you can go to home depot and buy is for 20.00
Wow..
Words can\’t describe.
Taxes are the hidden profit of our
government.. as long as they are
able to ILLEGALLY tax us..
(According to the Constitution)
We will continue to get closer
and closer to dollar collapse..
which is their ultimate goal..
Scrap the dollar and bring in
the Amero, but that\\\’s another
story.
Thanks for shedding light on
this new tactic, David.
Always a pleasure,
Christopher Dittemore
I did noticed some of the servicer where doing that about a year ago. That is the reason why when requesting loan mod from some lenders I usually advise our client to perform a forensic audit to entice the servicer to work on getting the client a loan mod. Just sad. I think we should let our leaders know that should not continue….
Manny
Hi David,
Well as we know the heads of the banks are making all of the money and the hard working americans are loosing what use to be the american dream of owning there house. Would it not be great if they paid it forward and forgave the difference of what we as home owners owe and what the house is worth in to days market. You asked so there is what I think.
Later G
As I have perdicting and it seems to be coming to play. Is that these bankers goal is to hoard as much wealth as possible at any cost. The goal is accumulate every property back that can so they can make their larger amounts of cash. So what do they want every property that they can get their hands. They do not loose and as you seen they gain the wealth. And who looses the people of america. The people striving to control the wealth of America. So we have choice but to depend on them for money.
So why are they not loaning, doing mod\’s, helping people keep their homes. It\’s not in their best interest.
This my tid bit of what I know.
I still stand for creating abundance for all.
REALLY??? When did Ponzi schemes become legal??? Thats our new government for ya! Norway anyone??
I just learned about this a few mo. ago……….I’m just so flabbergasted since there are a lot of folks that already know about it, but aren’t doing enough to let everyone else know about it……All that I see on TV are victims who chose to leave there homes, only because they’re not aware of THEIR rights, and only because they give up since their bank chose not to modify their loans…I also went to Oakland, CA a few mo. ago I saw hundreds of people, hard working people, waiting in line trying to get help from a non profit group, hoping that they could sway the banks to lower their mortgage payments …I’m ready to fight, but I can’t do it alone since I’m only one David and there are many Goliaths(banksters, judges, US Congressmen that only have a three day work week that earn $174.5K with a lot of vacation time ON OUR DIME) that can easily thwart any attempt I make to make things right. Yet there are about 200 million hard-working folks that are comfortable as things are, not knowing that their homes are being taken from underneath them, ILLEGALLY I might add(MERS)…………
I just don’t understand why the American people are just soooooo ignorant about what’s “really” going on. I’m in the loan modification business and we are being blasted as scammers while the homeowner can not accomplish getting through to their lender so they decided to pay for our time to get through to their lenders and cant seem to be accomplishing anything either. So now in my state we are going to need to be licensed… guess by whom… the mortgage and banking industry.
Why aren’t we out there on capitol hill daily in the millions protesting that this lobbying should be stopped and the people we brought into office to take off their suit and ties and start doing whats right for our country.
Everytime I see on TV where the media and government sponsored agencies blast the modification companies and claim “Talk to your lender” it makes my stomach queezie. I tried to do a modification on my own house and they bullied me with lies. I called 888-Hope Now after watching their commercial not to pay for a mod… guess what? I did receive a letter from them 2 weeks later in the mail with a toll-free number and it was the number to my friggin bank. Now that’s government help for you…
Frustrated with the American ignorance,
Mr. Corbaley,
I have been following your e-mails and great information that you share with us. I just recently read in an article about this but what bothers me is about the consumer/borrower\’s responsibility after the short sale. We (I say we since we are a consumer at one point) are at the mercy of these licensed predators. What can be done to stop this? I know I may sound naive in the world of business and capitalism but I think that we should do something. I have recently started looking into short sales but when I read this article and the fact that after the short sale, the borrower is still responsible to pay back. Is there any other way to help borrowers? I have seen and heard sad stories and of course I have seen and heard people lying just to get away with responsibility. Again, I feel very lucky that I have found your information and that I would do something to help consumers. You information is great. Keep up the great job that your company is doing!
Raul.
After watching this video I have to ask: Why would the healthy banks want to lend any small business money when they are getting this kind of deal from our government. They will continue to sit on the TARP cash they received, waiting for the troubled banks to fail so they can gobble up the troubled banks’ assets for pennies on the dollar. These bankers are way smarter than the people we have elected to Congress!
Glenn, I agree. Grease some palms, and all of a sudden somebody is making money at others expense. I remember in the Army, when we would do equipment/gear inventories, if something was missing, the cost was outrageous. $50 bucks for a $2 screwdriver, etc.
Christopher, I’m not sure if most Americans actually realize how close we really are to the brink. It is a scary time…
You’re right Manny. We need to get messages like this out – stir up people’s emotions and make them realize what’s going on right under their noses. Too many of us simply “trust” our leaders. Well, some are great, some are not. Remember they’re just people who WE elect, and sometimes we make mistakes… When I say that, please know that I’m not pointing any party fingers, this is not a place for that. There are posts that I didn’t allow, just because they were party affiliated. Pointing fingers that way won’t solve these problems – working together will.
G,
Those in power or with money (same as power) seem to have the upper hand. There is MORE power in numbers (people). When enough of us stand up, we will make progress.
Sherrie, We’ve seen this over and over. Eventually, we’ll get fed up and take action. I think it’s getting closer and closer to that time. You can almost feel it. Americans are NOT ready to simply give up everything that this country stands for. We’ve just temporarily forgotten about it.
Sean, we, the people, elect our leaders. We can also remove them. We need to move together, as a people, like we have in tough times before. We need to choose the path for OUR country. Share this message. I think I’ve hit a nerve here, and frankly, I LIKE it! It’s amazing how many visits this post has received – more than any post I’ve ever made. People are sharing, retweeting, facebooking it, etc., with the buttons at the bottom of the post. People are ready for a difference. We are all getting more and more sick of seeing these shenanigans. I will be continuing this conversation in future posts.
Thank you for the compliments Raul! I actually teach methods that create win/win situations. There are several ways to help the homeowner avoid a tax consequence or deficiency judgment. Search the blog and you’ll find some answers. For many, a short sale is their only hope right now. What can be done to stop this you ask? Well, that’s up to us. We need to spread the word, and let everyone know what’s happening. This is just the tip of the iceberg. When enough people are fed up, they take action together. Share the word right now, that’s how we start.
Great Video and thank you for sharing.
Thanks Debra, you’re certainly welcome!
Thanks to both of you for sharing this. I don’t know how many eyes
it will open, but at this time if people are awake all night, they should be. I feel bad for people losing their jobs (but, the unions did that
to a lot of them – I can say this because my Father was a union leader and I grew up in a house like that), after I married, I voted my
way and I believe that was the right way. things have to change in
Washington D.C. starting at the White House, all the Czars can go,
and if they want them, then let them go to Russia. Banks should
never have been paid off and I believe our President is to blame for
that. People are up set about a lot of things, most of the stuff that
comes from other countries we can make right here — get rid of unions including teachers. Sorry I just had to get all of that off my
mind. Thanks for telling us all that you do.
Thank you, but there are some inaccuracies in your video, please see today’s NY Times for FDIC rebuttal. Your populist point still resonates with me and countless others and therefore, I have included two other Goldman Sachs links to descriptions of the true mega scandal…the back door bailout of Goldman Sachs and others through AIG.
http://www.nytimes.com/2010/02/15/business/15fdic.html?scp=2&sq=indymac&st=cse
See links Below: Here is the real scandal, which involved the conflict of interest between former Treasury Secretary Paulson, who was the former Chairman of Goldman Sachs, and the “back door, 100 cents on the dollar, bail out” of Goldman Sachs and others’ derivative deals through the $185 billion given to AIG. This is the real epic financial crime against our citizens.
http://www.huffingtonpost.com/david-fiderer/how-paulsons-people-collu_b_435549.html
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine
A society begins to break when the gap between wealth/power and the ordinary citizen becomes too wide.
- Robert C. Nelson
Good info Robert, thanks for posting. It’s interesting to see the other posts and read what they have to say. Bottom line – there are forces at work here that do NOT have the American people’s best interests in mind. I pose the question again: Are We Being Duped? If you’re reading this comment, be sure to check out the last 2 links in Robert.s comment.
Unfortunately not surprising, not even a little. We in small business jump through hoops to get business loans and when we buy a house, answer every rediculous question usually a half a dozen times. Goldman Sachs, one of the architects of our economic collapse and a benificiary of this type of robbery has past executives in all levels of state and federal government. No wonder this happens. Hey I didn’t vote for the guy in the White House or any of his cronies, Those who did, he sure gave us change didn’t he.
Didn’t these gentlemen make another video since this was posted?
They Did. It’s a rebuttal to a statement the FDIC made about the first video. Strange that this got the immediate attention of this huge agency. You can find the latest video by doing a search.
It’s an eye opener and all of Americans should be aware of it! I have to say that now it all makes sense, as to why the banks do not want do the modifications. Our goverment should step in and order demand all of this lender to forgive the barrower the difference. I hope that our politician step in and help all of us! Let us sent a message to the American people, and not reelect all of the policians if they do not help the American people. Let sent a message to Capital Hill and ask our government officials to step in and help the people who put them in power. It would be to the best interest of our Country otherwise we are starting to see the affects in our economy.
Here it is, May, and I’ve heard more about Lebron James, the oil spill in the Gulf, and the near-terror plot in NYC, and I have yet to hear much anyone trying to bring justice to anyone that has had their house stolen from any of the banksters……….these criminals have no shame, and they continue to foreclose and short sale, and profit, making trillions of dollars……………….I’ve done my best, and I’ve sent this video to just about anyone that I know……………..yet it seems that there are only tens of thousands amongst 200 million of us hard-working folks that have the balls to do or say anything………and that’s absolutely sad…………….but hey, It looks as if Lakers are going to make it to the finals three years in a row!!!!!!!!! Now that’s just awesome….!!!!!!!!!