FORECLOSURE TRUTHS..MY THEORY

TOWARD THE END OF THE CLINTON ADMINISTRATION THE PRESIDENT DECLARED "EVERY AMERICAN SHOULD BE ABLE TO AFFORD TO BUY HIS OWN HOME" THAT OPENED THE FLOODGATES IN CONGRESS (GOP/DEMS BOTH)TO ALLOW MTGE COMPANIES AND BANKS TO OFFER "CHEAP" MONEY AT RIDICULOUSLY LOW RATES (SUB PRIME LOANS,BALLOON PMTS,O DOWN PAYMNT,NO CREDIT CHECK,ETC)..THEN DURING BUSH ADMIN IT GOT COMPOUNDED BY COMMUNITY ACTION GROUPS WHO "PRESSURED" BANKS,MTGE CO TO LEND TO MINORITIES OR "THEY WOULD PULL THE RACE CARD" THEN WHEN BANKS/MTGE CO/LENDERS SAW THE "BAD" LOANS GROWING, WITHOUT NOTIFICATION , AND WITH BLESSING OF FANNIE MAE AND FREDDIE MAC WHO STARTED IT ALL,THEY SOLD 'BAD LOANS TO WALL STREET WHO THEN SOLD THEM TO FOREIGN INVESTORS AND MADE IT GLOBAL..BEST WAY OUT NOW IS TO SELL THE FORECLOSURES AS CHEAP AS POSSIBLE TO ANY AND ALL BUYERS AND USE THE CASH TO "HANG" EVERY LAST ONE OF THE CULPRITS INVOLVED AS NOTED IN THIS ARTICLE
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