A Must Read | U.S. Foreclosure Fraud in a Nutshell, How Average Joe’s Home Was Stolen

CONCLUSION

“It is apparent that the US government is so broke that it will do anything to pay its bills, including stealing Average Joe’s home.”

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U.S. Foreclosure Fraud in a Nutshell, How Average Joe’s Home Was Stolen

The untold story in the foreclosure crisis unfolding across America is that, following a foreclosure perpetrated by one of the October 2008 Bailout Banks (e.g. Bank of America, Citibank, JPMorgan, Wells Fargo) Fannie Mae or Freddie Mac suddenly appear as the record owner of Average Joe’s home. These federal government sponsored entities then go into local housing court and get a court order authorizing them to evict Joe. If Joe resists, these supposedly charitable institutions obtain a writ ordering the local sheriff to forcibly remove Joe from his home.

Newt Gingrich recently admitted to accepting $1.8 million from Freddie Mac ($25,0000 to $30,000 a month during one span of time) for advising this proto-fascist entity. Gingrich claims that he supports Fannie and Freddie because he believes the federal government “should have programs to help low income people acquire the ability to buy homes.” But Fannie and Freddie don’t do this and never have. When government “helps” someone by subsidizing the purchase of something (through easy credit or lower-than-market rates), it makes that something more expensive. Helping someone buy something that is overpriced because of your help is not help. Fannie/Freddie subsidies not only hurt the low income people they intend to help, they hurt everyone by subsidizing, and therefore distorting, the entire housing market. Fannie/Freddie’s charity has now taken a dark turn. Like their Depression-era New Deal predecessor the Regional Agricultural Credit Corp., Fannie/Freddie are now repossessing homes at an increasing and alarming rate.

Mr. Gingrich either does not understand economics – government subsidies make things more expensive, not less expensive, and therefore hurt their intended beneficiaries – or he is a vain, selfish, and cynical man with no interest in actually helping his neighbor.

You decide.

THE OCTOBER 2008 BAILOUT PAID OFF THE HOLDERS OF MORTGAGE BACKED SECURITES AND DERIVATIVE INSUREDS

Be sure to check out the rest here…

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4closureFraud.org

Comments
8 Responses to “A Must Read | U.S. Foreclosure Fraud in a Nutshell, How Average Joe’s Home Was Stolen”
  1. CaitlinO says:

    1. In what universe were Freddie and Fannie ever ‘charitable institutions?’

    2. Fannie/Freddie were never institutions focused on ‘the low income people they intend to help.’ Their goal was to provide a place for banks to place mortgages over their lifespan, freeing the banks to make more loans. Because there was an implicit government guarantee of Fannie/Freddie, the loans they purchased had to meet stricter underwriting guidelines – guidelines that excluded riskier loans like sub-prime.

    I agree with the rest of the post, though, including the comments regarding the newt.

  2. j. Alonzo says:

    Please Watch! Its an older video, but its a good one. Ron Paul Revolution 2012!

    • lvent says:

      J. Alonzo, I hate to burst your bubble about Ron Paul but, I have read that he is a member of the John Birch Society which was founded by the Freemasons and the Rockefellers…The John Birch Society is said to have been put in place to reign in all of the NWO dissenters who hate communism…He sounds almost to good to be true and I have found out by past experience that the freemasons consider lying to acheive their goals, honorable. I don’t trust any of the politicians from either party..We can’t forget the fact that these politicians do not sign contracts so why should we believe them? Have any of them in either party told us the truth yet? Things get worse and worse with every single one of them..They are a cabal of traitors and a party of one…. Everyone should do their own homework about these candidates and do not believe a word they say because these politicians from both parties are all proven liars, deceivers and traitors. Tell Ron Paul to sign a contract that he will uphold the U.S. Constitution, the U.S. BILL OF RIGHTS, our property laws and the laws of the land, abolish the FED and issue our own currency and then maybe I will trust him…We need a real american patriot as a third party candidate…no more secret society members allowed…and that includes at the Treasury and the appointments made by the President…Anyone hear that John Corzine of MF GLOBAL was talked about being the next appointed Treasury Secretary?….The fascism has to stop…

  3. lvent says:

    Proto-fascist entity…now that is the truth…The fact that they were half private and half Government Sponsored Enterprise is the definition of FASCISM….Newt got caught with his hands in the cookie jar and the chocolate and crumbs all over his face……New Gingrich is a fascist just like the so called GSE’s and should never receive another dime of taxpayer money for a pension or otherwise…The last thing we need is another fascist as President of the United States…

  4. Free1 says:

    I think you are totally blaming Newt on this…when in fact it was the democrats that pushed Fannie and Freddie. Starting in Carters adminstration and put into high gear in Clintons administration, disguised to push homes for everyone. Johnson at the time head of Fannie and Freddie. Democrats got rich off of these programs. J. Johnson, Franklin Raines and many more. This crisis was ignored by Greenspan, Rubin, Summers et all, in the late 90’s. Yes, these government entities are facist in nature and that is what the democrat party is today.

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