Bailouts

Mortgage Bailout Bill – Bailouts or Takeovers?

Bailouts or Takeovers?

Article by Ken Ross

Did the American people – We the People really want these “bailouts” or did the government simply seize this “opportunity” and “takeover” these industries? Do you recall that there were some in top levels of government who called this economic calamity an “opportunity”? They viewed it as an opportunity to gain more power over the American people. And it allowed certain people in government the chance to execute their long term plans of making all Americans dependent on the government – thus increasing the size and power of the government.

When the original idea of the first bailout was introduced back in August 0f 2008 (and eventually passed on Octobe 3) there was a major cry out amongst the people of this country. Most radio talk shows were imploring their listeners to call in to Congress and voice their opinion. This methodology seemed to be working beautifully as millions of calls came into Congress imploring their Congressmen and women to NOT pass this bailout bill. DO NOT PASS THE BAILOUT BILL! It lookied like aslam dunk for the American people. There was no way that the politicians would simply ignore the people. right? Wrong!

The voice of the people were heard loud and clear throughout the halls of “justice” yet even though the people were against the bailout – over 90% of calls were against the bailouts – Washington proceeded on thinking they were smarter than the American people – and they passed the bailout legislation – in effect taking over these industries – Banking, Mortgage, Insurance and now the Auto industry. What will be next?

I believe this amounts to Socialism. This is the exact business model that other Socialist countries employ. The government thinking it knows better then the people and doing all of this – for the good of the people – they decidfe what is good for the people.

Why did our elected representatives believe they were smarter than the collective minds of the American people? Are there any educational requirements to being a Senator or a Representative of the House? The answer is no! Is it written somewhere that the politicians are to do the opposite of what the people want? These arrrogant people who currently occupy Senate and House seats merely snubbed their noses at WE the People – and passed legislation thet clearly the American people do not want!

Is this how the original founding fathers envisioned our government to work? These actions are completely against the spirit of the Constitution and hence are unConstitutional! Is this an example of our elected leaders representing the people? Is this a glaring example of Taxation WITHOUT Representation? Why should we as a people send any more tax dollars to this government? WHY?

We were grabbing our leaders by the shoulders, shaking them, screaming at the top of our lungs to not increase the national debt by twofold – we were trying to knock some sense into them – but Nooooooo! They didn’t care less what the people had to say – they went on and began their methodical takeover of America’s core industries. How can we let this happen? Look at these bumbling fools in Congress – how did we as a people let them get this much power?

There are so many people on the government dole now – workers and money recipients – and even though the money recipients don’t work and don’t pay taxes they are allowed to vote. It is these votes – of those dependent on the government for their food, health and rent – that the government listens to. These are the votes that those in power want to increase the number of. They eventually want millions more – on the government dole. Look at the new President elect”s plan to now create 3 million jobs! They will ALL be government workers! Dependent on the government! So things are now starting to fall into place for these elected leaders who lean towards Socialism.

Please join me in voicing your disapproval to these actions of our elected leaders. The Constitution has set into place a method to extract these leaders from theirr positions and we MUST act on these rights! We must stand together as a people and PETITION the government, ASSEMBLE to show our presence and use our FREEDOM OF SPEECH to voice our thoughts.

We MUST rise up and form a People’s Tribunal to remove our current elected leaders and hold them accountable for the treasonist actions they are committing. Please stand up and be counted as an American who has had enough of this Washington arrogance. If we don’t act what will the consequences be? Are you just going to sit there and have your freedoms slowly eroded away and the money you work for taxed into nothinness? Is this what you want? Will you just sit by and let this happen?

Do you have children? Do you plan on having children? Did you grow up in a free, Capitalist society? Well guess what? Your children will NEVER have the chances we did – they will never be able to grow up in a free society and will never be able to pursue their happiness and economic dreams – NEVER. Not if our current leaders are continually allowed to Socialize this country and nationalize industry.

You will not recognise this country in 3 or 4 years. We may have the same flag then, we may have the same governmental buildings in Washington and we may have the same BS coming out of Washington on a daily basis – but it will all be a facade – the reality will be that the American government will own almost all industry in America and begin to form alliances throughout the world slowly turning our planet into one society, one government and one currency.

Please help me save this country, our language and our boarders. Let us grab America back from these power hungry politicians and lay the pathwork for a peaceful, free, Capitalist society for our children – the children of the United States.

Please Washington don’t call them bailouts – call them what they are – Takeovers!

www.AmericansForTheConstitution.com

self employed 47 year old living in massachusetts










Mortgage Bailout Bill

Discussing the dangerous Housing Bail-Out Bill dealing with lenders and borrowers like Fannie Mae and Freddie Mac. Washington should be concerned about helping families that can’t pay their mortgages, but increasing government and taxes doesn’t help them — it hurts them. While rewarding irresponsible lenders and borrowers, and propping up the overextended, financially unstable Fannie Mae and Freddie Mac, this bill does absolutely nothing to ensure that we don’t get into this situation again sometime down the road.
Video Rating: 4 / 5

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Saturday, January 28th, 2012 mortgage 4 Comments

Mortgage Bailout Program 2009 – Understanding How Bailouts Work

Family Research Council President Tony Perkins addresses the events of this week from the perspective of the American family: Mark Twain once quipped that No mans life, liberty or property is safe while Congress is in session. The good news this week Congress was not in session. The bad news the Obama Administration more than made up for it. President Obama signed the massive 787 billion dollar stimulus bill and announced a mortgage bailout program that could cost taxpayers another 250 billion dollars. Many have argued that these efforts to rescue the economy are the same as FDRs efforts back in the Great Depression. There are some similarities: FDRs actions were controversial and so is President Obamas, but the similarities stop there. The unemployment rate during the great depression was about 25%, today it is under 8%. Thats high, but a far cry from a quarter of the population. The New Deal cost, in todays dollars, about 0 billion and it created over 10 million short-lived public works jobs. The total cost of just the stimulus measure, according to the Congressional Budget Office, will top .3 trillion dollars. And by the Administrations own estimates it will only preserve or create 3 to 4 million jobs. In additional to the temporary jobs, the New Deal did expand government, but it will mostly likely pale in comparison to the expansion in size and scope of the federal government under this measure. The New Deal offered low interest loans to spur the housing …

Understanding How Bailouts Work

A lot of acronyms such as TARP, TALF, and financial jargon such as Mortgage Backed Securities (MBS), and Collateralized Debt Obligations (CDO), have been thrown around by the experts and also the media since the financial crisis of 2008 began. Here’s helping the average Joe get a better idea to what these terms mean and how the ‘strange’ concept of bailouts work.

Mortgage Backed Securities (MBS) & Collateralized Debt Obligations (CDO)

Essentially both are similar financial products which are mortgage pools made up of large bundles of mortgage payments and house prices that are sold to investments to ease of risk and recapitalize lenders. This product offers a lot of benefits to the banks and general U.S housing market as it lets banks recapitalize on mortgages issued thus making funds available for additional loaning.

TARP – Troubled Asset Relief Program

This program was established under the Emergency Economic Stabilization Act of 2008 allowing the government purchase Mortgage-backed securities (MBSs) and Collateralized Debt Obligations (CDOs) backed by subprime mortgages.

The program cost 0 billion which was to be released in two installments of 0 billion to the Federal Reserve.

To an extent TARP has helped improve liquidity amongst the banks, but the failure of the Federal Reserve to monitor how funds were used is cited by critics as a flaw which could create an avenue for future problems.

TALF – Term Asset-Backed Securities Loan Facility

The TALF is a second program allowing the Federal Reserve purchase mortgage-backed securities and debt obligations by the GSE (Fannie Mae, Freddie Mac) and Federal Home Loan Banks and at least 0 billion was made available to recipients through this program.

0 billion would be used to purchase mortgage backed securities and debt obligations owed by the GSE and other government backed lenders.

Another 0 billion would be issued on a non-recourse basis to financial institutions owning securities backed by consumer loans such as auto loans, credit cards, and student loans.

How the TARP & TALF work?

Both the TARP & TALF were designed to introduce liquidity into the banking system. By providing loans, guarantees, and investments to the parties involved, more funds for additional lending and other banking activities become available. Both programs have yet to do little to protect mortgage borrowers at risk of defaulting, thus making experts believe the bailout process may turn to a vicious if left unchecked.

Are the bailouts an investment or expenditure?

Treasury Department Secretary Henry Paulson has also claimed the bailouts are an investment rather than an expenditure in which the government loses the monies it spends.

The bailouts have largely involved the U.S government in stock warrants, preferred shares and asset guarantees. Preferred shares are basically loans earning a fixed interest rate every year. As for stocks, there’s no reason to believe the market wouldn’t bounce back in 10 or 20 years time during which the government can liquidate its equity in banks it ‘bailed out’ for a profit.

The bailouts should be seen as an investment which will provide the U.S. government with extra income from interest rate payments. And the only way things can go bad as such is if the banks declare bankruptcy – during which the U.S. Government has options to collect proceeds from the asset sales in event this happens. Otherwise, most preferred shares bought by the Treasury and Fed pay 5% annually for an initial five years and 9% thereafter.

In the beginning, experts criticized the U.S. government saying it did very little to prevent homeowners from defaulting on their payments, leading to foreclosures and the vicious cycle that led to the financial crisis but due to the drastic reduction in crude oil prices from a high point exceeding 0 in mid-2008 to less than per barrel as of December 2008, gas and food prices have reduced in prices.

As a result of recent events especially low crude oil prices, a period of deflation is expected in 2009 & 2010 while consumer spending is expected to pick up during such years.

Credit Cards Co provides information and resource for visitors with banking needs – United States, United Kingdom, Canada and Australia markets are covered. Read more advice on financial planing and credit card reviews at CreditCardsCo.com  

Mortgage Bailout Program 2009

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Monday, October 3rd, 2011 mortgage No Comments

Mortgage Bailout By Government – Investing for the Rest of Us: Do We Need Mortgage Bailouts?

Investing for the Rest of Us: Do We Need Mortgage Bailouts?

Article by Glen

I’ve written in the past that a number of economists believe that the economic recovery isn’t really going to kick into gear, and you won’t recover the money your portfolio lost in the meltdown of 2008, unless we find the bottom of the residential real estate market. There are a couple of schools of thought here. The first is that the Obama Administration needs to take further action to stem the continual wave of home foreclosures. Efforts to date have concentrated on lowering interest rates through the Home Affordable Modification Program, but that program has not slowed the crisis. With a goal of helping up to 4 million homeowners avoid foreclosure, fewer than 200,000 home loans took advantage of the Obama plan. To help improve these dismal numbers, Obama has now added incentives for lenders to reduce the principal of loans for homeowners with loan-to-value ratios above 115% and unemployed homeowners will get up to 6 months of mortgage assistance. Much of this program will be paid by “government funds” which of course means the taxpayer.

On the other side of the coin are those who feel that the government should butt out of the free market system and let the banks foreclose on those consumers who took “excessive risk” with their homes.

As we keep filtering through the never ending layers of political hot air, the key question of who has the responsibility of “due diligence” for this mess is starting to emerge. When we get down to the hard pan, we need to ask if the consumer should be held responsible for actions they willingly took or should they get some sort of government assistance both to help the individual and get us all back on track.

Homebuyers should take their lumps

Although the financial industry is full of disclosures to the individual investor, at the bottom of the pile it is up to the individual to decide whether an investment is appropriate or not. During the recent housing boom many investors were only able to buy homes that would otherwise be out of their reach by using non-traditional mortgages that often depended on the continual appreciation of the property. When values declined and “teaser” mortgages were reset to higher rates, there was often no other choice but foreclosure. Although this wasn’t the outcome the homeowners had hoped for, it was nevertheless a possible outcome that was part of the picture when the loan was initially taken out.

There’s a lot of history of the individual investor either taking gains or suffering losses due to their individual decisions. You could argue that the popularity and growth of 401(k) plans with both employers and employees was at least partially due to the desire of transferring investment decisions from plan administrators to the actual participant. 401(k) investments were hit hard in 2008, but have you heard anything about a 401(k) bailout? Do you really believe that Tiger Woods drives a Buick?

At the heart of this argument is that although Americans have basic rights, they don’t include living in housing they can’t afford. This might seem harsh, but the bottom line is that housing is not yet another government “entitlement” program.

Homeowners need to be rescued

The Federal Government bailed out banks, insurance companies and the auto industry. Isn’t it fair they bail out the consumer who in the words of President Obama, “played by the rules and acted responsibly.” Besides, as the proponents say, by helping homeowners who are either “underwater” with their mortgages or face foreclosure, we are really helping all consumers by bringing a quicker end to the crisis and strengthening the economy.There may also be some feeling of government “guilt” in play as quasi-government agencies like FNMA and Freddie Mac helped cause the housing crisis by setting the standards for easy mortgage money.

As a country, we have stepped in and helped those who are going through difficult times many times. Social Security and Medicare are long term examples, and the cost of these programs is a thousand fold greater that any mortgage bailout program would be.Sure the government is using taxpayer money, but they’ve never been in the business of bake sales.

Whatever the course of action, finding the bottom of the housing crisis is crucial for a continued economic recovery. For the moment, Obama has committed to a bailout program. Whether right or wrong, it’s time Washington got behind some program to help the recovery stay on track. Political gridlock will only delay the situation. Maybe that’s hoping for too much. After all, do you really really think that Tiger drives a Buick?

[The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.]

Copyright 2010 Living Trust Network, LLC. All rights reserved.

Glenn (“Chip”) Dahlke, a senior contributor to the Living Trust Network, has 30 years in the investment business. He is a Registered Representative of Linsco/Private Ledger and a principal with Dahlke Financial Group.

Contact Chip at dahlkefinancial@sbcglobal.net or at the Living Trust Network. Its web site is http://www.livingtrustnetwork.com.










Mortgage Bailout By Government

August 10, 2007. Ron Paul tells CNBC’s Larry Kudlow how he would handle the credit crisis. – Larry Kudlow: Let me just ask you, talking about Armageddon, are you an economic pessimist about the future of America (Larry’s sick of all the economic pessimism)? – Ron Paul: No, I’m an optimist if we did the right things, if we restrained the FED from creating money out of thin air and causing all the malinvestment and encouraging Big Government spending, see we can’t have the spending if we don’t have the FED to bail the politicians out by monetizing the debt. ————————— “History told me that the urgency to acquire power is inherent in the State, any State. The American State had been held in leash by its peculiar Constitution, adopted at a time when the people were conscious of this urgency and were intent to hold it within bounds. They were particularly aware of the fact that the power of the State is in proportion to its income, and made sure that the State would not go hog-wild by limiting its power to tax. But, within a century new peoples with new ideas came upon the scene and this limitation was removed.” (-Out of Step- by Frank Chodorov)
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Sunday, August 7th, 2011 mortgage No Comments