DISQUS

We are in an eye of a hurricane; we have been hit with the first wave of the storm. This represents the past, the 700 Billion in foreclosed mortgagees, bad credit swaps and the miss management of the world money supply. This was not a consumer generated recession. This recession was bought on by the financial neglect of banks, Wall Street and the lack regulation of the banking system by the federal government. The money supply has been tainted with infectious money and we are now lining up for the second half of the storm. Now consumer spending has paused and if we don’t act, the second wave of the storm will cause financial chaos and homes like these (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) will fold at record levels.

The real problem is that America is over burdened in debt. Incomes have not increased and America, its businesses and people, need a quick restructuring to create a “continuous” cash flow to ignite spending to support businesses. Without consumer spending, this recession, will quickly turn into to the biggest financial disaster this country has ever seen.

The fastest and most effective way to correct the damage to our economy is to offer low interest loans to consumers to refinance their homes and debt. Credit card companies need to restructure credit card debt into long term low interest non revolving instruments. Mortgage companies need to be able to offer low interest (3 to 4%) 30 year mortgages for refinancing. Once we restructure the debt load and create this continuous cash flow, banks should revert to sound lending practices to prevent this mess in the future.

Once we restructure the debt loads, disposable incomes will be on the rise and spending will commence. The quicker we restructure debt, the faster the economy rebounds. If we don’t restructure debt, bankruptcies will prevail. If I were an investor, I’d rather get 3% back than loose everything.

We are in an eye of a hurricane; we have been hit with the first wave of the storm. This represents the past, the 700 Billion in foreclosed mortgagees, bad credit swaps and the miss management of the world money supply. This was not a consumer generated recession. This recession was bought on by the financial neglect of banks, Wall Street and the lack regulation of the banking system by the federal government. The money supply has been tainted with infectious money and we are lining up for the second half of the storm. Now consumer spending has paused and soon the next wave of the storm will cause financial chaos.

If we don’t act now, jobs will be lost, homes will be taken (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) and business will fold at record levels.

The real problem is that America is over burdened in debt. Incomes have not increased and America, its businesses and people, need a quick restructuring to create a “continuous” cash flow to ignite spending to support businesses. Without consumer spending, this recession, will quickly turn into to the biggest financial disaster this country has ever seen.

The fastest and most effective way to correct the damage to our economy is to offer low interest loans to consumers to refinance their homes and debt. Credit card companies need to restructure credit card debt into long term low interest non revolving instruments. Mortgage companies need to be able to offer low interest (3 to 4%) 30 year mortgages for refinancing. Once we restructure the debt load and create this continuous cash flow, banks should revert to sound lending practices to prevent this mess in the future.

Once we restructure the debt loads, disposable incomes will be on the rise and spending will commence. The quicker we restructure debt, the faster the economy rebounds. If we don’t restructure debt, bankruptcies will prevail. If I were an investor, I’d rather get 3% back than loose everything.

America is in an economic quandary; we are trying to bail out an economy but are ignoring our consumers, the backbone economy. We can prevent record foreclosures (i.e. http://www.BuyMyHouseBeforeOurBankTakesIt.com) and business failures but we have to act fast.

Our economic stimulus package is aimed at banks lending money to cash starved businesses. Unfortunately banks are hording money, raising rates, using bail out money for acquisitions, cutting credit and not lending only making the crisis worse.

Our economic stimulus package should be aimed at restructuring America’s debt, to free up disposable incomes to build consumer confidence to increase sales, create jobs, prevent business failures, layoff’s etc.

In a major natural disaster we offer long term low interest loans to rebuild. This “economic tsunami” calls for a restructuring of America. America’s is burdened in high interest debt. It is time to low interest loans, low interest loans are better than getting nothing at all.

Never has there been a time where America has to offer long term low interest mortgages and applying good credit debt to income ratios to these loans.

According to MoneyMorning.com “Billions in Bank Rescue Funds are Fueling Buyout Deals, and not the Increase in Loans That Would Help Ease the Financial Crisis”. These banks need their hands slapped. This $250 billion bailout package that is supposed to recapitalize our banking system is being used by banks to buy out smaller weaker banks from the market thus reducing the competition. This recapitalization is suppose to help bridge loans and pump money into the system to stimulate the ecomomy the displacement of funds will cause additional foreclosures (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) and cause another need for a cash infusion by taxpayers into the banking system.

In January 2004 subprime lending began and upward went a stalled market.. Foreclosure properties like those found on http://www.BuyMyHouseBeforeTheBankTakesIt.com are for sale and creating an opportunity in the market place. Foreclosure homes account for 38 % of the market place. Prices seem to be stabilizing and all lows seem to be at 2004-2005 levels. We may see a bottom at January 2004 pricing.

Homeowners need a break. Increases in the cost of living has taken away all of their disposable income. We should expect to see new foreclosures (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) unless find a way to bring relief to Americas debt load. The real issue America is facing is that it needs to create a continuous revenue stream to put into the pockets of consumers. The fastest way to do this is to reduce debt or debt payments. Increasing income just can’t happen until consumers start spending again and is on an upswing. We are facing a season where the majority of consumers spend. Now is the time to act and reduce debt payments so stimulate spending. Offering 4% fixed rate30 year mortgages until we get through this hurdle (for mortgage principal refinance only) would offer a continuous stimulus package, put extra dollars in the pockets of the consumers, create jobs in banking, and give the economy jumpstart it needs.

Greenspan thought deregulation would bring a self governess in the banking system. These greedy CEO’s were supposed to police each other, not con each other. Deregulation bought out the worst of Wall Street, and America was pillaged. This greed and neglect of self governess have bought on the worst financial storm that the world has ever faced. Once the dust settles, America should band together and bring on a class action suit against the actions of these CEO’s. According to Greenspan, “believed lending institutions would do a good job of protecting their shareholders” instead, they profited, jump ship and left the American tax payers holding the bag (i.e. BuyMyHouseBeforeTheBankTakesIt.com).

Greenspan thought deregulation would bring a self governess in the banking system. These greedy CEO’s were supposed to police each other, not con each other. Deregulation bought out the worst of Wall Street, and America was pillaged. This greed and neglect of self governess have bought on the worst financial storm that the world has ever faced. Once the dust settles, America should band together and bring on a class action suit against the actions of these CEO’s. According to Greenspan, “believed lending institutions would do a good job of protecting their shareholders” instead, they profited, jump ship and left the American tax payers holding the bag (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com).

Why don’t these candidates start talking about an economic plan instead of picking out each others faults? Americans are in trouble and loosing homes http://www.buymyhousebeforethebanktakesit.com don't you think it's time to get on with the real issues?

If you have a portfolio, you have to be diversified. Most losses are caused by panic, but if you are smart, you don’t panic. I had a diverse portfolio I was tracking at the time of stock market crash of 9/11. Stocks were dropping and my portfolio was down by 30 percent. I choose not to act because if I sold I would have been at a loss and I just hung in there. Within a year, my portfolio was finally at break even and I had actually had gains by from the dividends. The market continued to grow and my portfolio followed suit.
The lesson was not to panic and to be smart about the companies you are invested in. If you have an economy that is faltering, look for indicators like http://www.buymyhousebeforethebanktakesit.com sites like these tell me that banks are in trouble and not to have stock portfolios in my portfolio but maybe have companies that deal with foreclosures in the portfolio. Look at companies that do well in hard economic times.

We, are going to bail out Wall Street’s elite, have been gouged by the oil companies, and have had all of our good jobs exported now we are going to be gouged by taxes. Is the economic remedy that is going to break the camels back? Take a look at this http://www.BuyMyHouseBeforeTheBankTakesIt.com ; this is the future for America’s working class. Can you imagine the economic ramifications 110 billion deficit by 2018?

Don’t you think its time that we address our economic policy, encourage domestic production, discourage outsourcing, and work together to fix America?