REPORT | The Win-Win Solution: How Fixing The Housing Crisis Will Create 1 Million Jobs

The Win-Win Solution: How Fixing The Housing Cover.jpgCrisis Will Create 1 Million Jobs

America is more than three years into an economic crisis that shows no signs of abating. One in 10 Americans cannot find a job, one in five owes more on their mortgage than the home is actually worth, foreclosures continue to set a record pace, and family-owned small businesses are once again shuttering their doors as prospects re-emerge of even tougher times ahead. More and more Americans are losing faith in what has long made this country great – the belief that they can create a better life through hard work.

But the banks can do something right now to change all that. By writing down all underwater mortgages to market value, the nation’s banks could:

• Pump $71 billion into the economy every year;

o In New York state the annual stimulus would equal $1.25 billion
o In Ohio, $1.64 billion
o In Florida, a staggering $12 billion

• Create more than one million jobs annually;

o In Massachusetts this would create over 35,000 jobs
o In Illinois nearly 43,000 jobs
o In California, over 300,000 jobs

• Save families an average $543 per month on their mortgage payments;

• Help investors come out ahead compared with the negative financial impact of foreclosures

• Fix the foreclosure crisis once and for all.

The overhang of underwater mortgage debt is one of the primary drags on economic recovery. It continues to devour tens of billions of dollars annually, money that would otherwise go into our economy in the form of consumer spending.

This increase in consumer demand would in turn help spur job creation and increase revenue for governments that have seen their tax income plummet as a result of the downturn.

To date, foreclosure prevention efforts have focused on making the banks whole for a period of time while doing little to fundamentally restructure and reduce the debt load carried by homeowners. !e underlying assumption in this model – that if we wait it out, then things will get better – is not only flawed, but is actually worsening the pain for millions of families and continuing to undermine long-term prospects for a housing recovery. We need aggressive action now that creates a New Bottom Line for American homeowners.

The banks have it in their power to restore the American Dream of homeownership that helps build wealth for families. What’s more is that we have already paid them the money to do it. American taxpayers came to the banks rescue with trillions in bailouts and backstops and now it is time for the banks to begin to undo the damage they caused and give back a working economy.

Full report below…

~

4closureFraud.org

~

The Win-Win Solution – How Fixing The Housing Crisis Will Create 1 Million Jobs

[scribd id=62564770 key=key-snpclf2z4syary8yqyh mode=list]

Comments
15 Responses to “REPORT | The Win-Win Solution: How Fixing The Housing Crisis Will Create 1 Million Jobs”
  1. Steve Vernon says:

    What an incredibly unjust & plain stupid idea!!!! Why should 95% of the Homeowners who are paying their mortgages be penalized while the defaulters get a windfall? That is just wrong headed — don’t reward them for not paying their obligations. The Rule of Law must stand.

    • pamelag says:

      not paying their obligations, steve? Most of the foreclosures are fraud committed by the banks. they are stealing houses. I was never in default, yet they stole my house, the judges did not want to ‘hear’. you hear they won’t even modify. their profit is about 17 X the original note. so is it a reward after all the embarassment, stress, tears, broken relationships and horror? the rule of law must stand. OUT WITH MERS!

    • lvent says:

      Steve, what is wrong was the Ponzi Scheme on Wall Street and the fact that the U.S. Government ever allowed Wall Street to play russian roulette with our economy….and peoples homes and businesses. Wall Street were allowed to have a Casino and set MAINSTREET up to fail because they were completely unregulated and that is why we are all here..They made hundreds of trillions of dollars on the loans and then on our failure that the Ponzi Schemers were ALLOWED TO CREATE WITH LIARS LOANS…THE BANKS ARE WHO PUT THE WORD LIAR IN LIARS LOANS, NOT THE PEOPLE…..THAT BUNDLING OF WAY TOO MUCH RISK WAS INTENTIONAL AND IT WAS MEANT TO CA– USE US TO LOSE OUR BUSINESSES AND JOBS AND THERE FORE OUR HOMES SO THEY COULD COLLECT THEIR CREDIT DEFAULT SWAP INSURANCE WORTH 3-4 TIMES THE VALUE OF THESE UNDERWATER HOMES AFTER THEY GOT THE ILLEGAL BAILOUTS……..YOU SHOULD WATCH THE MOVIE INSIDE JOB STEVE..IT EXPLAINS WHO GOT FILTHY RICH OFF OF THIS SCAM AND IF THAT DOESN’T TURN YOUR STOMACH THAN MAYBE YOU ARE A WALL STREET CROOK YOURSELF…

    • Steve Whoever?

      You must first know what the Rules of Law are before you take sides. So tell us, Steve Whoever, what is your brilliant legal argument based on your vast knowledge of “The Rules of Law?”

      Here is my advice to you…first engage your brain if you have one. Second, while engaged, seek and find a plausable and entertaining argument (as we all love to be entertained). You can base your newly discovered argument on your vast knowledge of the “Rules of Law.” And finally, write something intelligent next time so that we may all be enlightened by your sizzling gray matter discoveries!

      Otherwise, stick to something you may actually know something about, like the nightly news. And don’t forget to follow along with all the other brain-washed conformists that agree with your slight minded viewpoint.

  2. Hello ALL and I mean ALL…those struggling, those not struggling and everyone in between. If you are for this country and want to take it back, then read on.

    My story…as a small time and small town developer with a crew of at least 10 tradesmen, I have seen first hand and from the front line what devastation continues to play out within the fabric of our economy for over 5 years now and I am not happy.

    After losing 2 properties to wrongful foreclosure and looking in the face of a third, I can tell you from experience, that if you are in a non-judicial state such as California, the only thing that the banking industry understands is legal action, period. So don’t waste your time trying to negotiate with anyone you may come across at any banking level…they are all just puppets for the legal team that pull their strings.

    Although many people think that non-judicial means without court action, they are wrong. All foreclosure action is governed by statutes specifically section 2924 of the Civil Code and the Uniform Commercial Codes, which underwrite many of the regulations pertaining to mortgage transactions.

    These statutes are in place to protect the consumer and to guide the foreclosing partis in those actions. Read and understand them and you will gain much knowledge of how to move forward. This site and many other sites exist and provide much good information to assist you and you do not need a lot of money to establish your position.

    The fact is that in California approximately 95% of all foreclosures go uncontested! That is a huge win for the banks! It is ultimately our responsibility, as business people, to right this ship and if we don’t do it they will, and it will not be pretty or in our favor.

    Simply put, It’s us or them. I prefer it to be us and not them. This ship is at our command not theirs and it is up to us, as a people collectively, to steer this ship in the right direction. Anyone that needs help can get on board by contacting me directly and I will help steady their ship for them.

    I am not a lawyer only a small business person that got blind sided like many others with similar good intentions out there, but I have some great contacts with broad knowledge based on the truth and from a pro-borrower position. When you combine these 2 elements it can add great strength to your position.

    There is a silver lining to this cloud, lets harvest it!

    .

  3. Jim Bethea says:

    It’s All About Money ~ the european cartel known as the Rothschild Dynasty had their puppets to create their privately owned Fed Res to gain complete control over our economy many years ago ~ The lust and greed for money and power has destroyed our economy to a level that will first take abolishing these crooks and their corrupt and illegal cartels and then putting the US back on solid ground which can all be done within a 6 month time frame with the right team ~~

    These european banksters done have any loyality to you or me, only to their God of Gold ~ yet they don’t want you and I to own gold because they cannot control the gold prices like they can the stock market, US real estate and the value of the dollar ~ With their trillions of disposible money, they can drive the markets down and then buy or drive them up and then sell ~~~ It is like a global game to them and we are all presently the pawns ~~

    They could care less if our jobs go to China or southe east Asia ~ just as long as the money is flowing back into their hands ~~ Their greatest fears are that their pet projects like their IRS and their Fed Res may be abolished and their control would be instantly dissolved ~ Their other main fear is that China will grow at a rapid rate [which they cannot control] and they know if China evolves into a worldwide hard money monetary force then the Chinese would totally distroy the european banksters immediately ~

    • lvent says:

      Jim, The Rothschild Dynasty is a puppet of the SMOM/Vatican/Jesuits…as well as Wall Street. That is where you will find the puppetmaster. They are just the perps, the pimps and prosititues for babylon….All roads lead to Rome..

  4. lvent says:

    F#@K THE FOREIGN INVESTORS…….!!!!!!!!!!!!!!!! Tell them to get the F#@K out of America. They did enough damage and should have NEVER BEEN ALLOWED BY THE U.S. GOVERNMENT TO INVEST IN OUR HOMES OR ANYTHING ELSE FOR THAT MATTER……THAT WAS ALSO AN ACT OF TREASON….TO ALLOW THAT.. THEY NEVER HAD OUR PERMISSION TO DO THAT!!! THESE POLITICIANS AND THEIR COHORTS AND MINIONS ARE SNEAKS, LIARS AND TRAITORS TO HAVE EVER ALLOWED THAT…THESE FOREIGNERS DO NO OWN SHIT, JUST A GAMBLE THAT CRAPPED OUT. SEND ALL OF THE FOREIGN INVESTORS OUT OF AMERICA….NOW!!!!!!!!

    • I vent….I ‘ think ‘ Jim has a good point in what he is saying….China is in the background….that is what the banksters fear….also to abolish the IRS and the Federal Reserve…rock bottom. Who knows…China may have their own ‘ ideas ‘ on the snake. But we need to stop the federal reserve first and the IRS….and get out of the UN. To climb a high mountain one must start at the bottom and go up. And YES..I agree with you….all past governments have been guilty of treason…tyranny and all were traitors…otherwise we would not be in this mess. If an honest one had been in office, nothing this massive would have been allowed. We had no protection for many years…the terrorists were running the country right along with their foreign terrorists friends….

      • lvent says:

        That’s right Marilyn we have a huge crop of treasonists working for the New World Horder running America deep into hell. Geithner had the nerve to make a statement right after the S&P downgrade that he is not worried that China will stop lending us money….WTF??? Do we need anymore proof who these traitors are working for and how hard they are trying to throw AMERICA UNDER THE BUS???? These politicians and their minions and cohorts are sick and evil alright and they are bound and determined to help the New World Horder take America over without ever firing a shot……They have infiltrated everything in America and they are holding us hostage right now just waiting for the next disaster to strike so they can take over and own not only everything but they want to own every man woman and child….with the debt slavery they have created….The U.S. GOVERNMENT is completely CORRUPT and allowed them to ring us up, now they all need to resign immediately because they are all working for the enemy….THIS WHOLE EVIL PLAN FOR OUR DEMISE STARTED WITH THE ASSASSINATION OF J.F.K TO 9/11 TO TODAY WAS AN INSIDE JOB….FULLY PLANNED AND ORCHESTRATED BY THE NEW WORLD HORDER..

      • lvent says:

        The Chinese Government is getting immensely wealth and more powerful off of our stupidity but they are not who is behind this ruling elite attempt to take down of America..That is what the New World Horder wants all of us to believe…….

  5. lvent says:

    THESE CROOKS AND THEIR MINIONS AND COHORTS DESERVE TO BE IN PRISON FOR COMMITTING THE BIGGEST PONZI SCHEME SWINDLE AND HEIST IN HISTORY ON THE AMERICAN PEOPLE AND ALSO FOR WHAT THEY DID TO THIS ECONOMY. THEY MADE A LAUGHING STOCK OUT OF AMERICA AND IT WAS INTENTIONAL AND THE U.S. GOVERNMENT ALLOWED IT BECA– USE A VERY MANY IN GOVERNMENT ARE CORRUPT TREASONISTS AND TRAITORS WORKING FOR THE NEW WORLD HORDER….

  6. lvent says:

    BOO!!!! THIS IS YET ANOTHER WAY FOR THE TBTF TO SWINDLE MAINSTREET…..A WAY TO FOOL PEOPLE WHO ARE HEADING DOWN THE FRAUDCLOSRE PIPELINE BECA– USE OF LOSS OF INCOME AND DO NOT KNOW WHAT THESE PONZI SCHEME CROOKS DID OR HOW THEY MADE HUNDREDS OF TRILLIONS IN ILL GOTTEN GAINS OFF OF ALL OF US BY SELLING INTERESTS IN NOTES THAT WERE UNSECURED DEBTS THAT WERE SET UP TO FAIL..AND THEY NULLIFIED THEIR CONTRACTS BY BIFURCATING THE MORTGAGES AND THE NOTES….Write down what mortgage? Who owns the loan? The CRIMINAL BASTARDS lost track of ownership at Origination in most cases..UCC 3-501 requires a lender to “exhibit the note” when the lender makes a demand for payment and the borrower demands to see the note.
    UCC 3-501 also requires a servicer to show authority, a demand for payment, if it does not own the note, but is merely servicing it.
    In the event a note holder or servicer will not exhibit the note or perform other legal requirements when requested to do so by the borrower, this UCC section allows the borrower to discontinue payments WITHOUT DISHONOR until such time as the noteholder or servicer COMPLIES WITH ALL LAWS or CONTRACT PROVISIONS.. THE PRETENDER LENDERS HAVE NO STANDING BECA– USE THEY DESTROYED THE ORIGINAL NOTE AND DESTROYED THEIR CHAIN OF TITLE TO COVER UP FOR ALL OF THEIR MORTGAGE FRAUD..THE PRETENDER LENDERS MUST RESCIND, CLEAR TITLE GOES BACK TO THE HOMEOWNER AS WELL AS ALL OF THE STOLEN HOMES..

    • lvent says:

      Bloomberg reporting today that THE CROOKS ARE ‘FIXING UP’ THE STOLEN HOMES THEY ILLEGALY STOLE FROM THE AMERICAN PEOPLE AND FIXING THEM UP AND TURNING THEM INTO RENTALS….SOMEONE MUST STOP THESE CROOKS!!!!!!!!!!!!!! GIVE THE STOLEN HOMES BACK TO THE PEOPLE…….WITH LARGE MONETARY RESTITUTION…….THE U.S. GOVERNMENT IS A COMPLETE FAILURE AND A DISGRACE FOR NOT PROTECTING THE RIGHTS AND LAWS THAT WERE PUT IN PLACE TO PROTECT OUR PROPERTY RIGHTS..THEY ARE A COMPLETE DISGRACE AND SHOULD ALL BE FORCED TO RESIGN IMMEDIATELY….THAT MEANS OBAMA HIS ENTIRE ADMINISTRATION, BERNANKE, GEITHNER AND ALMOST ALL OF THE TREASONIST TRAITORS IN CONGRESS FROM BOTH PARTIES……THEY BROKE THE SOCIAL CONTRACT WITH THE AMERICAN PEOPLE AND ARE TRAITORS AND SHOULD ALL BE THROWN INTO THE GULAG AT GUANTANAMO AS WELL AS BUSH, CLINTON AND ALL OF THEIR MINIONS AND COHORTS WHO HELPED PUT AMERICA HERE… THEY ARE ALL CORRUPT AND THEREFORE COMPROMISED AND ARE TRAITORS AND TREASONISTS TO AMERICA WHO WORK FOR THE ENEMIES OF AMERICA, THE RULING GLOBAL ELITE A/K/A THE NEW WORLD HORDER…..

      • I vent…I fully agree…they all need to resign now…get out…their lying days are over. Also…all pensions, health insurance, benefits of perks and security must cease. They must leave with the clothes on their body…thats it. Then The Peoples Court with no jury…( same treatment as the homeowners have gotten)….will cut the hearings short…all rubber stamped with prison…a new home. They will be out of the rain and cold..that is more than the homeowners had when the government allowed the fraudster banksters to kick them into the streets…and steal their homes…homes the banksters never owned…..Let’s not forget there are 2 Bush’s…Clinton, Obama……but the four listed are the ones most important…along with Bernanke and Geithner…I think the reason Geither was going to leave…cause he is chicken crap to what may happen….

Leave a Reply

Your email address will not be published. Required fields are marked *