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Bail Out Band aid Poltics want to hear from you open line
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DAnne Burley Show
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Politics
Airdate:
Thu, Sep 25, 2008 11:00PM UTC
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Band aid Politics leads America into becoming a Third World NationBy D’Anne Burley Housing and Market Crisis We need to Speak out now Catherine Austin Fitts, served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing/Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer knew about the theft within HUD years ago which impacted the public housing then. In the 80’s HUD properties on paper which DID NOT EXIST in reality, were given lots of money for repair. The only issue was that the property was there indeed, but no Public Housing existed on those sites! Instead of a federally funding property with housing on the grounds for the poor, property was on a vacate lot, and was used to create financial shells. Federal Government paid to fix equipment and apartment(s) via shell privately held businesses who received Government contracts via HUD to do the work. Money out, money gone the poor received nothing, the tax payers paid for this nightmare, where poor families loss children and love ones who stepped onto elevators which never arrived to they’re floor, and without looking they fell to their deaths due to non-working equipment. This was massive contract fraud and corruption. Was this money ever repaid to the system? The issue of Real Estate, Housing and Mortgage Banking fraud began years ago and many watched inside in horror. The Mortgage guy and gal who were just attempting to do a serve as the middleman in these loans were placed at risk. The consumer need for affordable housing growth, the condo scare was on, whereby many available rentals were converting over night. Renters with moderate incomes were being forced to purchase homes due to condo conversions, and housing a
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