THE BIGGEST LEGAL SCAM IN HISTORY

This one is guaranteed to get you p***ed off. This is way worse than Bernie Madof's ponzi schemes, worse than the savings and loan bailouts of a few years back, in fact, it's probably the biggest ripoff of taxpayer money ever perpetrated! And it's totally legal. Why is it legal? Because the bought politicians allowed it.

Remember when large Indymac Bank was seized by the FDIC back in '08? In July of '09 the FDIC sold Indymac's assets to One West Bank for 70% of par value. One West Bank is owned by Goldman Sachs VP Steven Munchin, George Soros, and John Paulson. Former Sec. of the Treasury  Henry Paulson is also an ex CEO of Goldman Sachs. Are we seeing the connections? Soro's / Obama, Goldman Sachs / FDIC? Ok, hold on to your hats, because when you finish reading this they'll be ready to blow off your heads.

Remember, One West only paid 70% of the value to start with. As part of the purchase deal, the FDIC agreed to guarantee 80 to 95% of any loss One West incurred on any mortgage. This guarantee is based on THE TOTAL ORIGINAL MORTGAGE, not the amount owed. So Joe Homeowner pays on his place for 15 years, loses his job, and gets behind. Let's just use simple figures as an example. Joe's original mortgage was 100,000. After 15 years let's say the balance was 60,000. One West forecloses on Joe and seizes his property. They sell it for 50,000. Ok, they took a 10k loss. Oops, no they didn't, remember they only paid 70% of that 60k to start with: equals 42k. equals profit of 8k. Now the FDIC pays them 80% of the fake loss based on the original 100k mortgage: 50k x .8 = 40k. THAT'S 40K OF OUR TAXPAYER'S MONEY for a deal they already made $8,000 on! Then, to add insult to injury, they make Joe Homeowner sign a promissory note for the $10k they "lost" on his property!
 I want in on this investment. Make 48k on a 42k investment in a year! And that's only if they never get another cent out of old Joe. That's just a low example of one deal. Many of these loans are 250k and up. I don't have figures of how many homes have been taken so far, but you can bet they're grabbing every one they can as fast as they can. By the time this is done I'm sure it will be approaching a billion $ ripoff.  Do not miss a single payment on your mortgage!

This is another perfect example of why we need to clean house in D.C. It's not only the politicians, it's all the bureaucrats running the agencies too. The revolving door, go from Congress or heading an agency to CEO of private companies under the regulation of said agency, etc. etc. They are all scum. Our government is rotten to the core. And American businessmen are just as bad today. As I say at the top of this blog, outright, outrageous GREED is destroying our country.

We can fix this, but we HAVE to stay politically involved!
Dumb Farmer