Questions About The Foreclosure Crisis, PT. 2
Posted on | January 17, 2012 | No Comments
After writing part one of this two part post, The Federal Reserve came out with additional guidelines for banks to help those homeowners that are underwater in their loans or undergoing a foreclosure. I wanted to see what the response from banks would be as well as if the Fed would let us in on the influences they have over banks.
It dies seem that there are a few states including Florida where the banks are attempting to “buy back” properties from home owners but I haven’t seen a lot of activity or press on this attempt. There also is an uptick in the amount of foreclosures and many say this is due to back log that happened from the robo signing debacle early last year.
But what disturbs me the most in all this is the Federal Reserve’s participation. Whether you like Ron Paul or not he is bringing a lot of things to light about the validity of the Federal Reserve. There seems to be no accountability in place to audit and “see where the money is going”, which is a gross oversight of our government that should be corrected.
I challenge you to find out what part the Federal Reserve played in the recent crisis. I also challenge you to find out how the banks, who supposedly lost millions if not billions of dollars, have made money when they are losing so much in housing and credit cards based on the current economy. The numbers do not add up. My dad was a math teacher and one thing he used to say was this; “Numbers DO NOT LIE!”
America needs to get at the bottom of the numbers game and find out what is really going on. Though it may not affect you this time, your name might be on the list the next go round if we don’t stop it now.
Ask questions, ask questions and ask more questions until our representatives make it a point to get us the answers.
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