Upcoming Foreclosures

Ok, we are having record foreclosures, and the HUD secretary was steering contracts to GOP insiders..???

literally lining pockets as the repo man is running amuck????

Public Comments

1. Chelsea Clinton works for a hedge fund, whose founder is a big contributor to Hillary's campaign. They specialize in buying up foreclosed real estate and bankrupt companies, then sell at a profit. As the economy tanks, the fortunes of the Clinton's could grow exponentially. Stepen Schwarzman, a hedge fund manager, made $5.1 billion last year. John Paulson, another fund manager made $3 or $4 billion last year from mortgages. Greenspan is an advisor to Paulson. It's a perfect scam, business conditions so hard, bankruptcies, homeowners facing foreclosure, behind all of this is Chelsea Clinton, rushing in to buy the assets for pennies on the dollar at the bankruptcy sale. Then later, after a government bail out the assets will rise and the rich get richer yet again. Remember when Hillary earned $100,000 in pork bellies off a $1,000 investment? You ain't seen nothing yet.
2. Now there's HUD for the DEms to paralyze until the election is over. Don't want to fix the problem too soon.
3. how much worse can these criminals do before they are tried and put away for life? they are much worse than the mafia ever was. what the hell is it gonna take before millions take to the streets and do something? they are robbing us blind and collecting billions for god's sake! why isn't the attorney general, the fbi, the police arresting the sob's?
4. This shouldn't be too surprising to you. HUD has been run as an essentially criminal organization for decades. This didn't just start with the Bush administration. Remember that the origins of this current run-up in housing prices began after the 1997 Asian Crisis during the Clinton years. Greenspan, with the blessing of Congress and the president, began lowering rates, and the government-sponsored entities bought up loads of mortgage debt. The banks were encouraged to make mortgages, and investors were encouraged to invest in mortgage-backed securities where the government would take the fall if defaults occurred. HUD has always given out preferential contracts, just like every other government agency. I'm sure you've heard of Haliburton, right? They didn't get no-bid cost-plus contracts to "rebuild" Iraq because they proved they were the best company for the job. The mistake that the outgoing head of HUD made was that he stated the obvious out loud. To be successful in political bribery and manipulation, you really have to be like a Greenspan, always talking in riddles and arguing about the definitions of words, rather than explaining things or answering questions. If HUD's secretary had kept his mouth shut a little better, he'd probably still be there handing out preferential contracts and talking about how to solve the foreclosure crisis in the housing market. But this kind of thing has been going on for decades. Contracts to insiders has been a constant of government, CIA cutouts used in Iran-Contra and the Vietnam War being just one obvious example.