Past Crimes Overlooked Are Now Business As Usual In America

Financial crime in America is about to be given another Obama Department of Justice pass and purchasing Obama voter loyalty is about to become more expensive for US taxpayers. If the current immigration reform bill passes, what once was a violation of federal criminal law—banks financing illegal alien home mortgages—will officially be forgiven and establish another risky government subsidized obligation for overburdened taxpayers. Conveniently left to the shadows by immigration reform advocates Read more […]

Banks Don’t Think Losing Your House Is Enough

When you take out a mortgage on a home, you are assuming risk. What if something happens so that you can’t pay back the home loan? You could then lose the house. All the money you “put in” the house will be gone. But you aren’t the only one assuming risk. The bank is also taking a chance since they are hoping to make money off you. At least that used to be true. In this century banks began selling the loans rather than keeping them as their own investments. The point that this was all Read more […]