Were the REAL News Begins  

WE ARE BEING PLAYED!

YOU SELL OFF IN A PANIC, THEY BUY IT FROM YOU FOR CHEAP AND THEN THE BAILOUT BALLOONS THE PROFIT YOU WILL SEE WATCH- REMEMBER Y2K FOLKS 

By D'Anne Burley 

tonight on the D'Anne Burley Host at 6-7 pm central time

Band aid Politics leads

America into becoming a Third World Nation
By 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 availability in good areas.   Then the conventional Mortgage Loan Market Place, opened up to the subprime market.  In the beginning you still had to have 20% down and at least at 560 credit score. Many of the banks required you to pay off your credit card debt prior to purchase. Then as time pasted the requirement got weaker and weaker for consumer credit guidelines. In the mid 90’s the interest only program came out whereby loans were being done with the interest being 1,2,3% and very little being paid onto the principle.

Properties were assessed within future value appraisals which no one speaks of today. I know about these loans, because I was in the Mortgage Industry and was a Director of a Gold coast Mortgage LLC. Money was being made, greed factors was present and then the real estate market became a playground of developers and others getting your mother and fathers property for $200-300k which they had originally purchased under $50k 20 years earlier.

The 50k homes were being replaced by 500k to millions of dollar property(s), which offered up a large bank roll for all involved except for the consumer who is now the fall guy in the mortgage mess. The game was to Stated Your Income on the Mortgage Application called the 1003, whereby the consumer stated what they made in earnings, which was in many cases certified by CPA's. The game the income may have been bumped up so they could qualify for these new lending products.

The consumer was not really aware of the money owed on the loan and how the adjustment worked whereby after the loan was granted and it adjusted based on being on an arm the adjustment figure would cause the loans to go from a example of 3% interest only to maybe 6-10%. The increase added more to the mortgage payment as well making it hard for many to pay back the debt to the bank!

This meant that you have nothing built in to pull from if there was a crisis.  No equity, the appraised value was on future values of property within your area, and you paid nothing into the principle of the loan. Your monthly payment mostly went directly into interest!

The money was flowing in and out of hands of the people within the banking industries and your property was being sold to security firms who held onto the paper making more and more money off your new debt. Those who owned property were no more than just glorified renters.

The secondary market had the homes, they held your paper, and served your debt, and this is where Freddie Mac and the other entire Mac businesses made there money for your loan defaulting. There was a value to your home on resale within the secondary market, if the home was foreclosed on then. But today they claim they can not determine the value of these properties, the consumer are left on the doorsteps of the court house faced with administrative judgment known as "Summary Judgments" whereby you are already guilty of something, and you can not argue your case before the court because within this type of judgment the contract has determined, prior to your case because you defaulted in payment therefore failure to pay created your doomed and loss of basic rights to fight your case. A few weeks ago I visited a Chicago courthouse and saw 3 paralegals with a least 40 cases on the desk (three of them within this hearing all with 40 cases a piece for just one courtroom calendar hour) that means 120 people loss they’re homes in 60 minutes, where only three people (home owners came to attempt to get some rights within the system) Because they had no money to fight with due to loss of job, lack of income and or being in a home they could had ever afforded the judge granted them between 30-60 days to vacate; meaning they were being evicted on to the streets.

These people are Americans, middle class, the people who work everyday just getting by on today’s economy. They have children are now thrush into becoming the poor over night

There is no bailout. Those involved did not use common sense within the high financially world! Or did they and this is just a new Y2K Game being played?

They claim the consumer needs to go to , money management classes in order to get a mortgage, but look at the real mess and were it came from and this issue was not coming for the Millions of Americans who are losing their homes its involving Wall Street!

Many of these people in that courtroom the day I had visited were minorities! They had no attorney nothing just now the streets. The housing issue is outrageous, condos all over the place with fewer apartments available within affordable prices.

Please note that the housing nightmare has only just begun and the 700-987 billion dollars needed is just a bandage to next weeks shortage.

The Game,  But it will make a lot of people lots of money, when the stock market opens on Monday of next week, you see the game is that you the consumer are frighten and selling your stock, getting out of money market accounts, and market in general being of all the scares being told of failing markets.

While you sell they are buying! YEP! They are buying your stock at little or nothing due to panic! If these billions of dollars are release  by Friday then that means on Monday to market will go to a new level high due to increase inflated revenue from all the new business transactions, like Lehman Brothers bailed oil, others being sold etc., this will increase the stocks on the market.

But they refuse to help bailout the people by freezing foreclosures why? You think about it, and look to what else may happen to the dollar within the coming weeks from consumer mortgage property buy-outs by foreign nations and businesses. So who needs money management classes you and them? Or is it just a game to create more money out of your pocket into their hands.

Look at Halliburton never paying back a dime of the money they used while over stating military invoices! We ate that one! Yep, Joe public that is, we sent water and food into our military men and women when there was no money available to do this via the military budget! Don't you recall? And no one asked them to pay the money back! if in fact there was an accounting for over stated invoicing and it was paid back to the Fed's how much of refund could have been used to recoup the stock market today without asking the tax payers for a dime! 

Our military was placed at great risk and no one did any thing and Bunny Greenhouse of the Army Core of Engineers loss her job over this one, for coming out and speaking the truth!

There are millions of insiders, whistle blowers who are still talking and filing suits whereby the justice department did nothing but ruin their life caused them to be followed harassed investigated harmed bankrupt and or murdered I was one of them, I could not get work and was medical rendered yes they control the hospital via peer administrators who are backed by pharmaceutical industry who have direct ties into those who are within the White house! These folks can use clout against you! We (whistle blowers) saw warned and spoke out with nothing other than being called conspiracy nut cases. So is the bailout reasonable, NO! Because they need to bailout the millions of America’s with bad loans in foreclosure, the college kids and get out nation to work by recalling NATFA. Where is the bailout for you me and the middle guys!


I TOOK A PROGRAM to the Federal Government via Congressman and Senators, no interest nothing! They could have stopped this months ago even Lyndon Larouche has another program as well, different than the one I offer all and all nothing no done and there was no interest why?   TO THOSE IN THE CONGRESS AND SENATE (not all of them are involved! but many are, by their open refusal to discuss these issues with the people, and look into new program that can help the consumer as well within this risk. Again Congressman Dennis Kucinich got involved and he is an “Action Man” who is interested in the needs of the people, he is not for the bail out unless there is a American side of the bill as well. My idea is that if they can not worked to resolved this crisis now they why do we need them in the White house within the next terms? ONE THING MCCAIN DID DO WAS TO STOP CAMPAIGNING TO DEAL WITH THE CRISIS, BUT WILL HE BE ON THE RIGHTS OF BAILING OUT MILLIONS OF AMERICAN HOME OWNERS HUH?! THEY NEED TO FREEZE ALL FORECLOSURES WITHIN THE COURT SYSTEM NOW!!! AND ALLOW THE PEOPLE TO STAY IN THEIR HOMES UNTIL THIS ISSUE CORRECTED. NOT JUST BAIL OUT THE TRILLIONAIRE AT THE TOP. Peace!       You can google me D'Anne Burley and or visit my programs at http://www.truthradio.com. 6-7 pm Mopn -Fri c entral time  http://www.danneburleyshow.com. 6-7 pm centrail time Mon -Fri http://www.themicroeffect.com, 5-6pm central time or http://www.foneshow.com 6-7 central time Mon -Sat just sign-up under talk radio and look for my name I am also a street reporter for 89.5 FM in Chicago Vocalo Public Radio. Blogtalkradio.com Mon -Fri 6-7 pm central Can be reached by phone at 1-630-666-8528 write to me: D'Anne Burley 3150 Finley Rd Suite 310, Downers Grove Illinois 60515 donations please paypal danne.burley@gmail.com