What is Obama going to change in the mortgage and banking areas?
Posted on August 26th, 2009 by admin
Banking
I am just kinda confused. I was having a discussion with some people and want some smarter outside opinions and the mainstream news is definitely not the best source…
From what i understand he is planning on tightening down on government regulation of certain industries including banks and/or lenders?…whats going to happen with that?
I am just kinda confused. I was having a discussion with some people and want some smarter outside opinions and the mainstream news is definitely not the best source…
From what i understand he is planning on tightening down on government regulation of certain industries including banks and/or lenders?…whats going to happen with that?
Filed under: Government
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If he is tightening rescrictions, he is letting the private sector determine the lending requirements, which means less government intervention. That would be basically undoing what was done during the Clinton administration when they forced Fannie Mae and Freddy Mac to loan money to unqualified home buyers. Which led to this scenario.
If you aren’t aware of the reasons for the current situation, you should turn into South Park tonight, this episode covers the issue and is entertaining!
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Probably taking it over so that no one ever wants to buy a house because they know he’ll tax them to death.
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In the mortgage area, advocating mortgage modifications for people in danger of foreclosure, and lowering the interest rates, length of the loan, and the ratio of income to payment. 31-36% max.
Banks that have taken advantage of bailouts are directed to do everything possible to help prevent foreclosures, but it isn’t mandatory. So it depends on the banking institution. There are HUD approved counselors and a website.
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It would be good for your country if he addressed these issues.
BAILOUT MONEY
In the United States, four large banks control over 90 percent of the derivatives market:
JPMorgan Chase & Co
Bank of America Corp
Citigroup Inc
Goldman Sachs Group Inc
All have received taxpayer aid.
All of these banks belong to or are being run by the BILDERBURG Group
David Rockefeller, Former Chairman, Chase Manhattan Bank
Giulio Tremonti, Chairman, Goldman Sachs International
both are current BILDERBURG MEMBERS
Walter Wriston (1964, 1966), former Chairman, Citibank,is a BILDERBURG MEMBER
Council of Foreign Relations (CFR)
BELOW the immediate American Government is the CFR….
Many Are BILDERBURG Group MEMBERS
Citigroup
Bank of America
JPMorgan Chase
all have representatives on the CFR
ITA, Elkann, John, Vice Chairman, Fiat S.p.A ,who has just taken over CHRYSLER is a BILDERBURG MEMBER
OBAMA GOVERNMENT…………………….. BILDERBURG MEMBERS
MINISTRY OF PROPAGANDA
STATE DEPARTMENT ENVOY………………….HENRY KISSINGER
STATE DEPARTMENT SPECIAL ENVOY….RICHARD.M.HAAAS
STATE DEPARTMENT SPECIAL ENVOY…RICHARD.C.HOLBROOKE
MINISTRY OF WAR
SECRETARY OF DEFENCE…………………….ROBERT GATES
NATIONAL SECURITY ADVISOR….GENERAL JAMES.L.JONES
DIRECTOR OF NATIONAL SECURITY….ADMIRAL DENNIS.C.BLAIR
MINISTRY OF MONEY
PRESIDENTIAL ADVISOR………………………..ALAN GREENSPAN
SECRETARY OF TREASURY…………………..TIMOTHY GIETTNER
CHAIRMAN,ECONONMIC RECOVERY COMMISSION…..PAUL VOLKER
MINISTRY OF CONTROL
SECRETARY OF STATE…………………….HILLARY CLINTON
DEPUTY SECRETARY OF STATE……….JAMES STIENBURG
Why can AMERICANS see what is right in front of them.
Obama is a BILDERBURG GROUP puppet
BILDERBURG GROUP is running your country and is responsible for your economic dissaster,helped by your government.
Obama seeks to block release of abuse photos
“This is not a situation in which the Pentagon has concealed or sought to justify inappropriate action,” Obama said of the photos.
abruptly reversing his position
makes a mockery of President Obama’s promise of transparency and accountability,” said ACLU attorney Amrit Singh,
Human Rights Watch called the decision a blow to transparency and accountability
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For an accurate answer to that, take a look at GM and Chrysler. Complete government control and extreme regulations. It’s common sense, see it for yourself. You don’t need talking heads talking at you to figure that out.