...who is currently in the market for a mortgage...who argues against EVERYTHING Ron Paul based on the tide of emotion created by corporate-owned right-wing media!!!
He called me to say his friend's mortgage has already changed hands twice since 2006 or so...he called to justify his stupid love for Kudlow's flip-flopping positions on the FED, and their "righteous" management of "selling money" to people who need it!
Federal Reserve Finance 101, ready? The note/contract you sign is called a "mortgage-backed security", that piece of paper is a hot potato that is passed around Wall Street, banks pay millions in lobbying to guarantee a FEDERAL GOVERNMENT(tax payer bailout) should a signer of the contract not meet their obligation! When the FED buys a mortgage-backed security from a HURTING bank, that took BAD RISKS, the taxpayers get the BILL plus interest! Go FED? You think this is CONSTITUTIONAL? You think this is GOOD domestic policy? Let the banks FAIL!!! You're an insane hypocrite to SUPPORT this, while opposing SOCIAL welfare!
Praise God for sending us Ron Paul! This coming from ONE patriot now with a credit score in the 400's because I woke up at some 38 years of age, after this economy CROSSED THE POINT OF NO RETURN....a debtor's prison is where I expect to spend my remaining days, and I have less than $60,000 in personal debt...as opposed to the millions upon billions personally assigned to those who recycle the bailout money towards lobbyists who help them continue to chase their tails.
I'll never have $2,500-$3,000 in "disposable" income to file bankruptcy; let alone, my defense, "I didn't know before Ron Paul" is unforgivable! I'm screwed, and we're screwed....this is some serious bull sh*t!!!