It has become apparent that all of the blame game going on in Wall Street and also in the "hallowed halls" of Washington has finally filtered down to street level and how this pontificating about who was guilty this credit mess.
Let myself tell you from years of experience and comprehension of the system, the "fat cats" in Washington that you elected, whether Conservative or Democrat has still not gotten the message. I realize on CNN almost everyday the charades that are playing out. Political figures are lining up with their "fangs bared" looking for the scape goat so that their constituents back home think "Oh my gosh, my consultant is actually laying the law down" on those thieves.
Well, lets remember what I wrote in before articles about how precisely the noiseless thief simply replaced performing loans with good risk loan products that yielded a higher rate of interest. Nicely, if he did this, those toxic loans were covered by AIG and others. BUT, this is what you did not remember. Almost all of the "in crowd" knew that those toxic loans were not going to execute. Their performance was funded by the bailout money that our leaders provided for AIG and others.
Thus, this present of your money to AIG and others was pure crap. The Wall St robbers knew that those harmful loans were NOT proceeding to perform. BUT , they didn't care. The loan products were insured. So , when they exchanged them for the good loans that were performing at. 06% for toxic loans that produced. 14% they simply put that. 08% difference in their pockets and you and I are left holding the bag because that's the way it is.
Now, here we see in the latest news, the efforts by the bureaucrats to put "handcuffs" on the lending procedures of the banks in order to insure that toxic loans are a thing of the previous. That might have some merit. But lets look at the horse from another angle. The credit crunch has hurt everyone in this country. Tiny businesses cannot get credit so therefore they are going away of business. The bright spot scores required for a bank approval have increased to around "700".
Anybody understand that less then (10%) of the American open public have credit scores over "700". So, how can anyone borrow anything? I actually know where the real "cancer" is. But no-one would like to go there. The particular real cancer on society is our credit credit reporting agencies. They are in cahoots with the lenders and creditors because "IF" they keep your credit scores down, anything that you are interested will require higher interest rates.To become more data click here clausula suelo.
We have all been through the "night time prowler" that snuck with your home in the middle of the night time and lowered your credit score. You might have been sleeping, but "Credit Cancer Charlie" wasn't. Because you used your own card for an emergency and almost reached the limit of your card, the other credit card issuers found this away electronically and "whammo" they hired "CCC" to lower your credit score for no other reason than he thought you were a higher risk. Rubbish, but that is the system.
This covert action really impacted your budget. If, you owed $ 50, 000 in charge cards and when you proceeded to go to sleep your measured average appealing was (12%) you were paying bucks 500. 00 monthly in interest alone. You have not been happy with that, but you were managing. Now, some medical emergency or other event that caused you to increase to the limit using one credit cards now "Credit Cancer Charlie" raised your interest rate while you were sleeping to 36%. Lets look into the damage. This now costs you $ 1, 500. 00 a month. You were penalized $1, 000. 00 a month while you were sleeping.
What will that to your budget? Now you see why the link between the credit credit reporting agencies and the lenders and creditors should be investigated by the "Dodd" gang? But , they is just not act at all. Way too many lobbyists and payoffs.To get additional facts click the link swap.
Let myself tell you from years of experience and comprehension of the system, the "fat cats" in Washington that you elected, whether Conservative or Democrat has still not gotten the message. I realize on CNN almost everyday the charades that are playing out. Political figures are lining up with their "fangs bared" looking for the scape goat so that their constituents back home think "Oh my gosh, my consultant is actually laying the law down" on those thieves.
Well, lets remember what I wrote in before articles about how precisely the noiseless thief simply replaced performing loans with good risk loan products that yielded a higher rate of interest. Nicely, if he did this, those toxic loans were covered by AIG and others. BUT, this is what you did not remember. Almost all of the "in crowd" knew that those toxic loans were not going to execute. Their performance was funded by the bailout money that our leaders provided for AIG and others.
Thus, this present of your money to AIG and others was pure crap. The Wall St robbers knew that those harmful loans were NOT proceeding to perform. BUT , they didn't care. The loan products were insured. So , when they exchanged them for the good loans that were performing at. 06% for toxic loans that produced. 14% they simply put that. 08% difference in their pockets and you and I are left holding the bag because that's the way it is.
Now, here we see in the latest news, the efforts by the bureaucrats to put "handcuffs" on the lending procedures of the banks in order to insure that toxic loans are a thing of the previous. That might have some merit. But lets look at the horse from another angle. The credit crunch has hurt everyone in this country. Tiny businesses cannot get credit so therefore they are going away of business. The bright spot scores required for a bank approval have increased to around "700".
Anybody understand that less then (10%) of the American open public have credit scores over "700". So, how can anyone borrow anything? I actually know where the real "cancer" is. But no-one would like to go there. The particular real cancer on society is our credit credit reporting agencies. They are in cahoots with the lenders and creditors because "IF" they keep your credit scores down, anything that you are interested will require higher interest rates.To become more data click here clausula suelo.
We have all been through the "night time prowler" that snuck with your home in the middle of the night time and lowered your credit score. You might have been sleeping, but "Credit Cancer Charlie" wasn't. Because you used your own card for an emergency and almost reached the limit of your card, the other credit card issuers found this away electronically and "whammo" they hired "CCC" to lower your credit score for no other reason than he thought you were a higher risk. Rubbish, but that is the system.
This covert action really impacted your budget. If, you owed $ 50, 000 in charge cards and when you proceeded to go to sleep your measured average appealing was (12%) you were paying bucks 500. 00 monthly in interest alone. You have not been happy with that, but you were managing. Now, some medical emergency or other event that caused you to increase to the limit using one credit cards now "Credit Cancer Charlie" raised your interest rate while you were sleeping to 36%. Lets look into the damage. This now costs you $ 1, 500. 00 a month. You were penalized $1, 000. 00 a month while you were sleeping.
What will that to your budget? Now you see why the link between the credit credit reporting agencies and the lenders and creditors should be investigated by the "Dodd" gang? But , they is just not act at all. Way too many lobbyists and payoffs.To get additional facts click the link swap.
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