Friday
Feb082013
WHALEN: 'The Fed Is Creating ANOTHER Housing Bubble'
Deja Popped.
'Bernanke is just making it up as he goes along. The Fed is acting more like the Marx Brothers than serious regulators. The Fed and the Treasury are the biggest source of systemic risks in the market today, creating another bubble in housing and perhaps also in stocks."
Lauren Lyster with Chris Whalen on Tech Ticker last Friday.
Reader Comments (8)
http://www.washingtontimes.com/news/2012/dec/7/government-borrows-46-cents-every-dollar-it-spends/
http://brucekrasting.com/tim-toots-his-horn/
She gets a little excited sometimes and talks too much. No doubt.
In the 5 years I've had the house I've never been late on any payment but Freddie Mac is apparently for homes that are "underwater" or those that are "sub-prime".
I got this house all on my own with no help. Now, suddenly Freddie Mac is involved. It's really creepy.
It gets worse, though.
About a month ago I got a letter from the County Assessors office to let me know my house and property it sits on is NOW being assessed at 55K!! This can't be coincidence.
This has turned out to be a real scam. The house is older (but sturdy) and built in 1950. I got the house and have been slowly fixing it up...but in new windows, doors, paint, fencing, etc. I don't live high off the hog, and have not overstepped what I can afford (like many people are insinuating about all the "homeowners" that are in bad situations).....
But now, I don't feel like fixing anything up anymore. Because do the math....Owe: 80K.....Worth: 55K....
I'll just stay here for a while for the cheap "rent" because that is all it is at this point...right?...You can't call this some kind of "purchase" plan. And get this, I called the Assessors office and told them that I might just leave the house and then they won't collect the taxes on it, and the woman had the nerve to tell me that in regards to losing my money: "Not necessarily...". She tried to tell me some stupid b.s. and I told her I'm not that much of an idiot!.
They really want you to stay in the house that they just devalued by 31% so they can continue collecting the SAME taxes. They won't even hear about lowering your taxes....
The system is beyond corrupt. Why aren't more people seeing this?
Sorry so long, but I hope someone may be helped and prevented from buying into this Banking scam called "home ownership".
http://finance.yahoo.com/news/low-rates-force-companies-pour-041100576.html
Kaboom!
savings so the banks creating the bubbles to short
against can have trillions in free money (not counting
LIBOR--trillions lifted and removed from the country,)
and it's an essential part of enabling their creating
bogus value to short and then make you pay for presently.
http://www.marketwatch.com/story/no-money-down-home-loans-are-back-2013-02-01
Treasury and the Fed have given the banks trillions
for bogus value.
http://www.nomiprins.com/storage/bailouttallyoct2011CLEAN%20NO%20FORMULAS.pdf
The Fed is currently simply buying all the overvalued
assets so as to retire them. (Actually Fitts' view
can only make sense if it's really going to
resell them at an interest rate adjusted huge
loss and at market prices thus having acted as
would a syndicate's fence.)
http://solari.com/articles/quantitative_easing/
This to eternity.
http://www.youtube.com/watch?v=kXJjNRIZNZk&feature=related