Who’s To Blame And What Is There To Learn?

Don't blame Wall Street and the Banks for filling the pipeline of easy money for "affordable housing" in America.  The U.S. Government enacted policies and laws to facilitate home ownership and guess what Uncle Sam?  If you build it - they will come.  And they came in droves to the American Dream and it's now a living nightmare for millions who took out…

Am I the only one who noticed the U.S. economy has shifted from a private credit facility [i.e., banks] to public [i.e., Treasury]? In short, the credit crises formed by borrowers and lenders abandoning credit risks is now what our government facilitates. The U.S. Treasury is a college kid with their first credit card: spend like there’s no tomorrow and someone else will pay the bill.  Some 411 accompanied with a 911: we’ll get the bills for the capital infusions into AIG, BOA, and…

Declare 28-36 Debt-to-Income [DTI] Qualifications to underwrite mortgages in default facilitating mark-to-market holdings for Financial Institutions. Those homeowners who cannot qualify for at least 75% of what they originally borrowed under 28-36 DTI, sign Deeds-in-lieu of Foreclosure for lease-purchase agreements with note holder(s) at fair market rent with purchase rights at today’s market value (market value is based on others in market who can qualify under 28-36 DTI).…