toanangel

Bernanke & Paulson Need to Create a Mortgage Specialist Fund

OPINION
The bailout George Bush, Henry Paulson, who is the former CEO of GOLDMAN SACHS, Chairman Bernanke, Chris Dodd, Charles Rangel, and all their heavily lobbied bought and paid for cronies are pushing so hard to have us swallow as fast as possible

The lying, fraudulent, corrupt, greedy, flight or fear psychosis leaves without consideration for the most important part in this whole grand scheme.

Who you ask?

YOU -the Sovereign Citizen from whom all business blessings flow;

And just in case....

In God We Trust.

Okay, so we oversold and under estimated working citizens, who are raising their families and trying to have a home and hearth.

ONE SOLUTION PROPOSAL

Allow me to propose that major banks be given the freedom to set up holding companies to set aside their bulging debt portfolios, and a certain time, based on volume, to recast the mortgages in foreclosure or going into receivership.

Then allow them to base the new mortgage on current fair market values, or on the original appraised value, make the mortgages longer term or remove the adjustable threat factor, or whatever other creative ideas which only mutually benefit the homeowner and the mortgage contract.

Then the banks could off-set the bad-debt portion as a loss, absorbed by a government tax concession or other creative accounting means.
Then these mortgages already held in Freddie Mac and Fannie Mae already in receivership by the FED.

Perhaps this would prevent major punishments to everyone.
1. The homeowner would not have his credit rating destroyed.

2. The homeowner would have a chance to clean up his act and keep his home. After all they will have to pay rent anyway.

3. We would prevent the taxpayer, which is you, and the homeowner now tenant, being saddled with the debt leaving the banks whole and the criminals watching over the assets they have just stolen with tax payer dollars.

4. The Banks and major institutions can still have their equilibrium and capital finance markets restored, without destruction of the basis of their existence - the Us of A.

Investment Banker to the Mortgage Community
585 217 2191