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Transparency group posts Wall Street crisis plans for public review

Started by CIM Network · 9 months ago

The good folks at PublicMarkup.org have placed the competing $700 billion mortgage bailout plans online to allow the public to read and comment on them while Congress considers its options in the midst of the greed-fueled nosedive of Wall Street. ... Continue reading »

3 comments

  • Richard Thomas

    9 months ago

    Most of the world doesn't know about the 65 Trillion Dollar Credit Swap Defaults still looming. It dwarfs the mortgage crises and it all has more to do with a Fiat Currency Bubble Burst.

    The info is on http://www.coinage.me/default.htm

    Where the flaws are articulated in detail unlike anything you see on the news, such that you can understand them and so the workings are not obfuscated with complexity. A detail solution is provided to fix the foundation, which everyone else speaking about the problem seems to lack.

    Many people only see the appearances they do not see the fundamental flaw in the system itself. The bailout should go directly to the homeowners or to stimulate the economy so they can pay their mortgages.

    http://storyline.me/default.htm “reports Congress being blackmailed, wealth extorted from citizens”
    reply
  • Lisa_P

    7 months ago

    It is believed that the mortgage bailout plan is designed to bring stability to the shaken economy, it will affect only a narrow slice of homeowners in the U.S.
    It appears that a TARP was not enough to cover up the mortgage crisis. Endangered mortgage homeowners could not benefit from the kind of credit repair scores presented by Treasury Secretary Paulson’s Troubled Asset Relief Program. On the contrary, 1.5 million homeowners can obtain a sense of security when they’re facing foreclosure through the Federal Insurance Corp Chairman Sheila Bair’s new mortgage modification program. This straightforward system, a $24.4 billion program drawn from the $700 billion pool that TARP set up, will allow lenders a stipend of $1,000 per loan they renegotiate with financially stuck homeowners. In the event of default on a loan, the FDIC has pledged to take on up to 50 percent of the loss. While Paulson proclaims this as a mere spending that will only bankrupt the FDIC, many view Bair’s movement as a needed investment to maintain the liquidity in the mortgage industry. While this won’t solve all the problems immediately, it’s certainly a bold effort to help repair credit.

    Click to read more on Credit Repair
    reply
  • Mortgage Site

    6 months ago

    such that you can understand them and so the workings
    are not obfuscated with complexity. A detail solution
    is provided to fix the foundation given that to you
    reply
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