WALL STREET CROOKS COOK UP HOUSING SCAM 2.0 = THE NEXT BIG SCAM= OPENING BID $70 BILLION OF RISK = OH! WE SELL THE RISK AND KEEP THE LOOT!
Wall Street plans to crash the housing market = issue bonds backed by rental properties = “eerily like” the mortgage-backed securities SCAM
“We are poised to experience another crisis if federal regulators fail to recognize and take corrective action to address red flags that are all too familiar….(demands) immediate federal intervention (to favor of qualified HOME OWNERS over Wall Street scammers with CASH buying nearly 50% of all available houses).”
— Says 75 housing and consumer groups wrote to Federal Reserve, the Department of Housing and Urban Development, the Office of the Comptroller of the Currency, the Federal Housing Finance Agency and the Consumer Financial Protection Agency.
2008 Housing Scam = Banks gave even risky borrowers mortgage loans to drive up home prices to unsustainable peaks.
Banks sold then SOLD THE “INFLATED SURE FAIL MORTGAGES” in Packages to THEIR CLIENTS and PLACED MASSIVE BETS AGAINST THEIR CLIENTS TO RAKE IN $TRILLIONS AND CRASH THE HOUSING MARKET!
2014 Home prices are rising again as Wall Street BUYS UP HOUSES WITH CASH USING NEAR ZERO% FED LOOT, BAILOUT LOOT, and THEIR deep pockets (FROM 2008-2014 SCAMS + AUTOMATED FRONT RUNNING).
Wall Street = pays cash for homes = Muscles out ordinary buyers in hard-hit Phoenix Vegas, Memphis, and Atlanta = STEP 1 OF THE SCAM
Wall Street flips the Homes into rentals often covering up large issues (plumbing, mold) with cheap cosmetic fixes = LOUSY LANDLORDS
GOV bail out of Fannie/Freddie to be PROFITABLE = Expense of ordinary homeowners
- Biggest FRAUDS IN BUSINESS = Dallas-based Invitation Homes = Blackstone PETERSON + SWARTZMAN
- # 2 American Homes 4 Rent, IN CA
- # 3 Colony American Homes IN AZ
BLACKSTONE = SELLING BONDS BACKED BY RENTAL INCOME FROM $479 MILLION IN CHEAP HOUSES
COLONY = 15,000 rental homes plans to do the same SCAM
AMERICAN HOMES = SAME SCAM USING GOLDMAN BOND DEAL ON 200,000 HOMES
Rep. Mark Takano (D-CA) = HEARINGS on BONDS suffering a future economic downturn leaves where tenants CANNOT pay their rent and vacancies rise.
Riverside, CA = 33% of RENTERS PAY 50% of their INCOME ON RENT = FORCED BY WALL STREET HOUSING PUMP SCAM!
EVEN CRAPPY S&P refuses to give triple-A credit ratings = RISK with managing so many properties spread widely across the country.
WALL STREET SCAM = Convert rental income into DERIVATIVES SCAM = Even more conversions to RENTAL SLUMS = PROMISE LOW vacancy rates = BUT BANKS REFUSE OR SLOW TO REPAIR the homes = PEOPLE MOVE OUT = BANKS THREATEN THOSE who try to break the lease with damage to credit rating.
Concise Politics -- Your Time should NOT be wasted. 