Hey just started a Blog at URL REMOVED its a simple sum of the solution. I don't believe the politicians should be telling wallstreet what to do so please join us back at the blog. If I could post that much on this board email me and let me know . URL REMOVED. Politicians create problems-investors seek profits, Oil and Water... Take a look and comment. National AMnesty with a 20k fee Lift loss levels to 100k offset Expand Ira to 15000 Capital Gains tax repeal for two years. Real Estate Ira investing as traditional account Extend the foreclosed loans with funded non forgivable bridge loans like a student loan. Payed out of taxes every year for life. Nationwide Credit boost of 200 points. This would take the 500 scores up to a seven. At no cost who needs congress...
Your premise is incorrect. Politicians don't generally create problems on their own - they are predominately influenced by lobbyists - in many cases investors. For example, Wendy and Phil Gramm did not start out to destroy the US economy - it just ended up that way. The deregulation they pushed through after lobbying by Enron, Morgan Stanley, Goldman Sachs and other banks lead directly to the global financial crisis. So the investors are the problem. Greed is good, fine. But absolute greed without checks corrupts absolutely.
"The deregulation they pushed through after lobbying by Enron, Morgan Stanley, Goldman Sachs and other banks lead directly to the global financial crisis" This is the main Problem...The auditor was in bed with the company they were auditing. Greed is good and I think we should try to remember that the police have to do their job. The SEC was asleep over the last 5 years.
The whole "politicians are incompetent and can't find solutions" thing is a scam. The solutions that would allow for the most prosperity of the common man are not in the interests of the multinational corporations and banking cartels that run our country, and by and large, the world. What we are seeing right now is an intentionally manufactured economic crisis, to which we will be offered a "solution" because it will become so intolerable. They know what's wrong, and how to "fix it" by the common standards, however doing so goes against their power and wealth consolidation interests.
Gerald Celente Stunned by Texas Governor John Connally in 1992 Connally said âYou don't have a clue what is going on and neither do the American people because if they did, there would be a revolution in this country.â - Former Texas Gov. John Connally to Gerald Celente, 1992 The whole story here http://www.earthfiles.com/news.php?ID=1521&category=Environment Fringe authors like Alex Jones were laughed at years ago and now his predictions are comming true almost like the world is following his script. Its a scary world my friends. Be ready for some ugly days ahead Good Trading to All
Many of the factors we face are manufactured. The momentum is real however and what was manufactured can become a natural reality. I noticed that someone didn't get the post. The original post just offered a few simple solutions that the powers that are in control could consider as low cost options to restore confidence in the economy... LAck of access to credit is the main real conditions we face here. SO the solution is the provision of providing access to credit. At no additional cost. Google what a credit boost is and you will see how easy it is. Example: a person sais to you that they have a 600 credit score, You have a credit card with low balance that you have paid consistently. Then you provide the person with access to the history by making them an authorized user. They don't have access to your card or limits just access to be listed on your account. They get to borrow your history. This does nothing for your limit or history. But it raises their credit score which now enables them to get access to credit when their 600-score goes to 700. What if the Government took the TARP and opened a credit line and gave the authorized history to the foreclosed borrowers who could simply go out and refinance those loans at affordable limits. Maybe even borrow the amounts they are behind in their mortgage plus another 6 months while we figure this out..... SIMPLE FORMULA>>>>> Congress knows this but they want to shove their pet projects for us to pay for for the next 50 years. so you are right when you say they know...
Credit boosting is a dangerous scam and should be outlawed. It does not improve either the ability or the likelihood of the 600-score person repaying the loan. All it does is make 700-score people look more likely to default. The problem isn't that people have too little access to credit right now as much as it is that they had too much access a few years back.
If thats the case and your so convinced that that assinine theory actually works in reality then tell the freakin banks that they won't get any credit... Its the FREAKIN ELITIST ATTITUDE THAT those in the marketplace with assets have against the rest of the marketplace who needs help THATS CAUSING SO MUCH ANIMOSITY. HERE IS WHATS AT STAKE. WHEN YOU PARK YOUR CAR TO GO INTO BERGDOFF GOODMAN'S YOU MAY COME BACK TO A SITUATION WHERE YOUR CAR IS STRIPPED FOR PARTS. And while you stand there with your mouth open you may get a visit from a person with no credit or job asking you to take off your shoes. THIS IS WHAT HAPPENS WHEN THERE IS NO HELP IN SIGHT. THIS IS TRUE POVERTY. WHEN PEOPLE GO HUNGRY THEY WILL ATTACK THOSE THEY THINK HAVE IT... I DON'T THINK YOU WANT THAT...