Big Banks Are Short Sale Managers Making Profits

An URGENT Warning from Martin D. Weiss and Money and Markets

Government Turns Blind Eye to Banks in Greatest Danger of Collapse

Forty-one more banks have failed in just three months — 160 within the last year — the FDIC's “problem” bank list is at a 15-year high … and the pace of its bank seizures is accelerating.
With nearly all of the government's rescue efforts geared toward propping up a select few “too-big-to-fail” institutions, thousands of not-so-huge banks and S&Ls are now defenseless against surging commercial and residential loan defaults.
Troubles behind the scenes are getting so bad, bank CEOs and industry analysts now believe as many as 2,000 banks will fail before it's over. Is your bank one of them?
Unfortunately, the FDIC won't tell you which banks they are. Their list of “problem” banks is confidential. But ours is not.
We’ve just compiled our comprehensive list of 3,244 banks, S&Ls, plus life, health and annuity insurers we believe to be at significant risk of failure.

Let's relate this article to Short Sales and loan Modifications for a moment.

Short sales and loan modifications are products designed to profit and grow their monopolies. The big six American banks have designed this well. Keep this in mind when you try to understand the process that has been developed to obtain a short sale or a loan modification. 

Most residential real estate loans are owned by an investor whom purchased your loan from a lender. This includes large companies and institutions who purchase large bundles of loans as well as small private investors whom purchase smaller loan bundles. 

Wall street had expanded the selling of loans to these investors by designing and creating new financial products. No financial institution, "main street or wall street", has yet to be held liable for these products and the damages that were meated out to the world. 

The first losers whom suffered from this product liability, were America's poorest people. They can't afford lawyers and they always suffer first. Many of our poor families were converted from skin in the game hope filled  home owners back into insolvent , "broke"... wards of the state, "welfare" or low paid labor, "slaves". These people are now back to being tenants or homeless. 

Working from the bottom up,  lower classes first were converted into mostly low paid labor,"slaves" or wards of the state,"welfare recipients".  Then middle classes were pillaged, which is still well underway. Assets and freedoms are being taken daily now from American middle class citizens by large, powerful institutions within our government and private sectors. 

" The media spin tells us that we are losing our money".  Small business owners are being converted into middle management,"aka slave drivers for larger companies", or they become health care casualties, "wrongful death and/or personal injuries caused by bad financial products created by big banks". Some will become mental health casualties," another form of personal injury".  The majority of upper class people too, are seeing their assets taken away from them. 

Assets and power are being systemically turned into the property of only a few families, who now have control over 80% of all the Public Corporations registered in the New York Stock Exchange. These are the big monopoly game winners, and they do control "Large Government, Large Business, and Large Military". 

The short sales and loan modifications are a part of the process. Their is a feeding underway as businesses eat their competition. Many individuals are too distracted or busy until it is too late to even participate in how or when they are to be eaten alive. The design of short sales and loan modifications are planned to help the big banks grow their business. If you are wondering why they have created slow, ineffective, exhausting, redundant paperwork processes during the collapse of the housing industry, consider this. Big banks have more access and control to big government and big investors than do the smaller banks. Big banks have already negotiated to manage short sales, foreclosures, and loan modifications with the loan owners and with our government. Banks are paid to provide these services. 

Slow or fast and why?  Indications are this. Slow processes grow big banks and hurt the small banks. Banks   mange the services for profits. Who are the losers in the slow process. Losers include the owner of the loans, the owner of the homes, and housing industry professionals who must provide far more more service for a smaller fee. This strategy by big banks grow their monopolies. Is it working?  Yes. The article featured at the beginning of this blog shows this process to be well underway, but not covered by mainstream media. Big banks are feasting on the smaller banks, because they were saved by TARP and that liquidity gave them an unfair advantage against competition. They created the catastrophe by a collapse of the economy from their financial products, then they saved themselves, and then they destroyed their competition. Big government was collusive in this and they have a similar agenda that is only designed to save themselves and their families.

 Big banks now control most of the American GDP.  Six banks have grown their management over American money, so that in 2010 they manage over 60% of  the Gross revenues created by America,"aka GDP".   This is far above what they controlled a decade ago.Thank you for taking a moment to read this blog. It is not likely that it will be seen as part of our mainstream media. Thank God for a Free Web Press. Did you notice our FCC now wants to control the WEB too... Hmmmm what do you think about that?  

This blog was written and
Published by www.MikeJaegerLive.com
- May 7, 2010 -