Yep, . . I've got 2 questions . . . Since the Housing Market is projected to remain on this steady decline and more Americans are going "up-side-down" on their mortgages : . . . 1. - WHERE DID ALL THE BILLIONS OF DOLLARS WHICH WERE INTENDED TO " S A V E " THE HOUSING INDUSTRY AND TURN IT AROUND GO TO ??? . . . 2. - WHAT GOOD CAME FROM IT ???
Chat live with a Conquest Resolutions Representative
http://www.loanmodificationshelponline.com/live_chat.html
That is exactly why I took this job! They have to be policed by professionals or you will never get your money! So everyone can call us modification experts unecessary but I beg to differ!
The search for people who can answer your question continues for as long as needed - until you find the answer you were looking for.
When an answer is posted by someone who was invited (byYedda or by yourself) to answer your question, their answer is marked with a yellow "invited by Yedda".
To be invited to answer other people's questions in your areas of knowledge and interest, be sure to list your favorite topics:
» My Settings › My Topics.
Of course, the more helpful your answers are, the more likely you are to be invited to future questions...
It's nice that you've got a JOB ! . . I know that your unsolicited information / advertisment will make those who DON'T HAVE JOBS feel really good right now !!!
I wasn't looking for an ADVERTISEMENT ! . . I asked where all the Bail-Out money went and why are thousands of people who bought within their means, played by the rules and paid their taxes YET, they're still losing their jobs and homes due to the fact that there's no funding for re-financing, etc. . . WHY IS THAT ? . . Uh, . . Don't tell me, . . I ALREADY KNOW WHY !!! . . .
It just so happens that I had a customer that did not have a job either. He was denied the bailout money he needed desparately but his mortgage company denied him anyway. We got his modification done because we dug further into his situation that his lender did not care enough to do themselves. So pardon me, if I am happy because I help people. But I am not the reason you lost your job and I am not the reason you are such an angry individual.
If you are looking for a place to curse the system, this is not the place either. This is suppose to be a place where people can turn for advise to get them through this otherwise, hopeless situation. Your biggest enemy right now, is not your lender or the government, but instead your attitude towards the very people that are helping.
Just Win baby!
To answer your questions:
1) The banks decided to ignore the poisoned assets and purchased performing assets instead. All the bad loans are still there. Be aware of the shadow inventories. The banks are not foreclosing on all their properties right away. They don't want to flood the market with foreclosures and drive prices down.
2) Very good business for the companies who received the monies. They still laid off their people, cut benefits, looted the retirement funds, stopped lending and collected their bonuses.
Bob Burns Freedom$oft
this is a very complex question and answer. The point being the more complex the answer the easier it is to hide the fraud. That is a maxim you know- the more complex/ the more fraud can be covered.
That said, I'm knee deep in the middle of this mortgage mess and beating the crooks at their own game.
For starters google "marcy kaptur, bill moyers interview" to hear what a 14 term Congresswoman and former chief economist @ the IMF have to say about the problem.
It may give you a hint at where the money went but it's much bigger than that. The good thing to know is you don't have to take it lying down.
Where the money went isn't as important is what you, me and everyone else are going to do about the crooked system and the crooks who run it.
The money's gone, that's a fact. Remember though we trade in federal reserve "notes" not gold or silver. It's all monopoly money. That should give you a good start.
good luck and keep digging for answers. We as Americans have been purposely dumbed down to keep us ignorant....
Got an answer for Smrtnup? Would you like to comment on the posted answers, or vote for the one which you think is the best?
Sign up for a free account, or sign in (if you're already a member).
Other people asked questions on similar topics, check out the answers they received:
Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them
