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Massive Corporatist State-sanctioned Theft for Billionaires: Uncle Sam's Real Estate Fire Sale!

For Billionaires Only: Uncle Sam's Real Estate Fire Sale

by William F. Jasper

The New American

“The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors – vulture funds.”

So warned Roger Arnold, chief economist for ALM Advisors of Pasadena, California, in a column for RealMoney on August 11, 2011, that first lifted the lid on this latest colossal scandal to come out of the 2008-2009 financial crisis.

“These homes,” wrote Arnold, “which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value. You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs (GS) and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.”




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A well tested scheme

I tell you, more and more often I have thought that this economic crisis was no coincidence, reading this article was one of those moments. Think about it. Only 20 years after the first housing bubble where culprits benefit both on the rise and burst it is repeated. It looks to me like someone thought, hey we didn't get caught or punished for the mother of all bank robberies so lets go for its father.

We had Alan Greenspan keeping interest rates far too low for far too long continuously defending derivatives, we had the initial promise of Bush/Cheney that most of the national debt would be gone in a decade, in just a year turn into "Reagan proved deficits don't matter". To now learn that Bush Jr signed the way for FHFA as Bush Sr did for RTC and that the same wealthy politically connected class once again lines up to buy real estate at a bargain price is just too much. There are far too many coincidences with too many standing to gain from them, just as was the case of 9/11.

"in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously."

It's time to stop fooling ourselves.

This kind of action has been played out before

After the great depression the banks owned title to over 80 per cent of the privately held land west of the Mississippi. Once again "those that refuse to learn from history are bound to repeat it".

If not us than who?

NWO Agenda - unfolding before our eyes

Obama is a communist but he is covert because the US has laws to protect property and civil rights. NOW, while the world is distracted by "crisis", Obama is implementing the plan formulated long ago by global elitists robbing "we the people" of property and civil rights, using presidential executive orders.

The 10 PLANKS stated in the Communist Manifesto
1. Abolition of private property and the application of all rents of land to public purposes. (international elite buying up land and planning to rent to masses)
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly. Americans call it the Federal Reserve which is a privately-owned credit/debt system
6. Centralization of the means of communications (MEDIA) and transportation in the hands of the State.
7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries, gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.
10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production. The purpose is to train the young to work for the communal debt system.

1. Government justly own the

1. Government justly own the homes to begin with, they were foreclosed because irresponsible homeowners didn't pay their mortgage.

2. Then they were bought up because Fannie, Freddy needed to be "bailed out", otherwise Fannie, Freddie, any bank, whoever foreclosed, were free to sell them while they had them.

3. If you don't want your home foreclosed, PAY YOUR MORTGAGE. If you don't want to be foreclosed DON'T BORROW BEYOND YOUR MEANS.

4. If you don't pay your mortgage, IT'S NOT YOUR HOUSE. Or technically, it's never your house until you've paid for it in full, so if you don't like to lose it, don't own one.

Not one of these houses were grabbed illegally. Once government justly acquires it, who cares who they sell it to? This won't be the first time government sells something not open to all people. If you don't want your home sold to a person at a deep discount, DON'T LOSE IT, DON'T DELAY YOUR PAYMENTS.

Truly idiotic and offensive

Truly idiotic and offensive comment.

* First, the gov doesn't *justly* own anything. It's a criminal enterprise that mostly exists to transfer wealth from the middle class to the richest and poorest. Not to mention murdering millions of foreigners and now Americans.

* Fannie Mae / Freddie Mac are criminal institutions that created a huge moral hazard for taxpayers.

* Fed monetary policy created artificial boom in housing and development based on artificially low interest rates (see Austrian business cycle)

* Millions of people were sucked into unsustainable jobs which then became unsustainable mortgages *because* of gov and Fed corrupt policies.

Taking such a stupid and simple position shows you're pretty ignorant of what has been going on this country and worldwide since 1970's. Get a clue.

No, it was not criminal,

No, it was not criminal, nobody lost their homes unless they failed to pay their mortgage. The were foreclosed, and they short sold, and then the creditors were bailed out. Nobody was forced to sell or had their property taken away by force.

Fannie/Freddie are scapegoats, irresponsible borrowers are the other party which people seem to forgive.

Yes, there was an artificial boom, but putting candy in front of a child doesn't mean the child is fault free.

No kidding, people were suckered into buying overpriced homes and unsustainable jobs, you're apologizing for them?

Actually quite the opposite, I know what's going on, and I avoided much of it. I didn't profit for it per se, but I definitely don't feel sorry for people who fell for it. You sound like you've been aware since the 1970s, I hope you too are in my position of not having to worry about monetary manipulation.

Perhaps you missed the news

Perhaps you missed the news reports of the illegal foreclosures due to forged signatures and a myriad of other issues. I won't get into details, but potentially millions of them have in fact been grabbed illegally.

But the bigger issue is not the people who lost homes because they were talked into taking bigger mortgages than they could hope to pay, but the people who took on mortgages that fell within their budgets easily... until they lost their job due to the economic downturn caused by the big banksters extorting trillions out of our economy. If they are able to find work at all, it is making much less than they were before. This catastrophe is in no way, shape or form their fault.

Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy. -Ron Paul 7/10/03

Foreclosure is a long process

Foreclosure is a long process (just like bankruptcy), you can't just forge a few signatures and expect to go uncontested. My guess is, that the debtors were not otherwise perfect, they were behind on payments, and the forged signatures, while illegal, were probably just speeding up the technicalities.

If you didn't miss payments, had nothing to hide, had money to hire a lawyer, there's no reason a person can forge signatures and foreclose on you without a good fight.

The Feds don't pay property taxes

The Feds don't pay property taxes, so unless they do sell the property the States can't collect any tax money from it.

What federal government

What federal government agency pays taxes? Congress? HUD? EPA? Military?

Really?!

Are we supposed to act surprised?! Being screwed over by the others, with more money than I ever had access to, just reminds me of these people. Now, having my income cut to about 50% of the average income in Illinois, makes me one of the 99%, again.

I'm shocked

by the apathy of some of the posters on here.
This is serious shit boys. We're talking about one of the most massive land grabs by corpritists in the history of the United States.
Millions of homes they will control and "rent" to you (after stealing our bailout money and causing the crisis in the first place) so they can steal MORE of our money.

This cannot be allowed to happen. I'm writing my Congressman and Senators right now. I'm trying to find a petition or something and I'm telling all my friends about it. Educate people and spread the word!
This has the far reaching potential to be WORSE than the Bailouts, and we all know how the people feel about the bailouts.

sorry, slow down, write my

sorry, slow down, write my Congressman and tell them to do what again?

Tell them not to sell the homes and give them back? or open the market so everybody can buy them?

What's wrong with eBay?

Why not just put individual properties on eBay?

Absurd!

If properties were sold at public auction, the politicians couldn't collect bribes campaign contributions from the large financial racketeers firms that are amenable to performing such a noble and selfless public service. Don't be silly.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

corruption the gift that keeps on giving

Only Ron Paul has led the charge to first audit and ultimately eliminate the FED. This helps make clear why. Excerpt: 'Additionally, the FED points out that “currently, about 12 million homeowners are underwater on their mortgages — more than one out of five homes with a mortgage.” Presumably, many of these will also end up in foreclosure.
But Bernanke and his Fed brethren, naturally, have a solution. They claim “a government-facilitated REO-to-rental program has the potential to help the housing market and improve loss recoveries on REO portfolios.”
But, to add audacity on top of audacity, the Fedmeisters hint that besides favoring a closed privatization scheme that turns over an REO bonanza to their cronies (who have already benefited immensely from the Fed’s crooked largess), they may also be setting the program up for us, the taxpayers, to help finance the deals for the billionaire investors!... President Obama, who likes to inveigh against Wall Street (while taking record sums of Wall Street cash as campaign contributions), is on board with the plan'

reedr3v's picture

Isn't it just amazing that tyrants seem

not to be equipped with an ordinary sense of shame for their corruption and thievery and jailing of innocents and wars?

It should be the other way around ...

... all the illegitimately acquired assets of these NWO schmoes should be seized and put up for auction to private citizens only, those with no connection to the NWO.

If the people ever allow ...

banks to control their money, first by inflation, then by deflation, they will deprive them off all their property until one day they wake up homeless on the continent their fathers conquered... Jefferson

this is a very interesting

this is a very interesting article if true. seems perhaps getting my real estate license right now might not be a bad idea. will be a huge amount of new jobs and demand for property managers which is usually a decent paying job. all the absentee owners will need people to watch over their thousands of properties. This might be their next bubble they will create? thing that is sad is the money will just go to the warren buffetts who already have 50 boats/yachts etc and taken from struggling americans. This is almost guaranteed profits for property buyers if they are getting a huge discount but charging market values which are already high. If you have a job and own a house or bought one like me when the prices are already low then i consider myself lucky. renters wil never own anything now and will continue paying inflated rent.

Oh and BTW; those funds are foreign owned.

.

~Your perception becomes your reality~

yes.

..

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul