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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

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Old 11-18-2010, 02:40 PM   #1
Mr. Sandman
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What is wrong with the Mortgage/Banking system

I read this and dove into this guys chart...It really points out out ridiculous this has become and why we have the problems we do...
Take a look at this chart!!!

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage (CHART)
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Old 11-18-2010, 04:27 PM   #2
Bronko
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Quote:
Originally Posted by Mr. Sandman View Post
I read this and dove into this guys chart...It really points out out ridiculous this has become and why we have the problems we do...
Take a look at this chart!!!

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage (CHART)
I am in the business and it makes my head hurt. Although I have had title issues that resemble that chart. The stuff nightmares are made of.

The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. ~John Buchan
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Old 11-18-2010, 04:54 PM   #3
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they defied the government without ANY penalties

the government lent the lending institutions money
to lend to home owners
and they JUST sat on it .........collecting the interest
then gave it back.

so in a nut shell, they SUCK !
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Old 11-19-2010, 05:15 AM   #4
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they sat on it because they were all insolvent. You have to have a certain percentage of something to back up all the money you give out to people.

They shouldn't be allowed to do that though. I believe that all can be traced back to the gold to paper conversion.
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