Showing posts with label Think Big Work Small. Show all posts
Showing posts with label Think Big Work Small. Show all posts

Monday, December 6, 2010

Federal Reserve 3.3 trillion dollar magical mystery tour, not a drop for main street, USA.


Frank Garay and Brian Stevens of Think Big Work Small make an excellent point about how little attention was paid to Ben's Bernanke's bombshell that 3.3 TRILLION DOLLARS was "donated" to international banks with no recognizable paper trail.
(Update, Friday 8:19 am, Dec. 10, 2010 - In retrospect, donated is too harsh of a word. The money is supposedly going to be returned, but the point is, no public timetable for disclosure is set, nor are any terms made public. The reason that no initial publicity is given is to prevent a "run on a bank", but that does not mean that a year or two down the road we can't automatically be told who got what, when, and where, without having to sue to get that information.)
My additional concern involves the possibility of a political donation boomerang that 3.3 trillion dollars could bring, back to the United States. Just the "exchange rate" fee from 3.3 trillion dollars could be enough to fund a 2012 presidential campaign coffer in the United States.

3.3 trillion dollars could also easily lead to Federal Hobbs Act violations down the road.

Monday, October 4, 2010

Think Big Work Small, Frank Garay & Brian Stevens with an Insane Video rant blaming homeowners for virtually all home foreclosures.


CLICK HERE TO SEE THE ABOVE INSANE HOME FORECLOSURE VIDEO RANT. I thought I liked Frank Garay and Brian Stevens of Think Big Work Small, but they sure turned out to be foreclosure idiots.

Garay and Stevens state that if a homeowner does not make their payments, they should lose their home. And yet, the PRIMARY WAY to get a home loan modification is to NOT make your payments. If you continue to make your payments, the banks assumes you have no hardship!

If the Banks were in any way, shape, or form responsible for artificially inflating home values a few years ago by making it too easy to purchase a home, then they have at least some responsibility for the decline in home values today.

If US banks have been siphoning profits and using the profits to move manufacturing jobs to other countries, then they have at least some responsibility to rework existing home loan mortgages.

Therefore, when the government intercedes and creates a home loan modification program to reduce the loss of home ownership, it is incumbent upon the banks to make a LEGITIMATE EFFORT to see who can still afford to stay in their home with a reasonable adjustment to their original mortgage deal.

If however, the banks have no true desire to help homeowners, then lets not absolve the banking industry of their illegal and unethical home foreclosure practices.