Mortgage Town

According to Prof. Chris Coyne, one of the main concerns of the Occupy Wall Street movement is the rising cost of college and student Loans. If student loans were forgiven, however, it wouldn’t solve the fundamental problem of costly education.

A government program that forgave student loans would improve the finances of people holding student loans, but it would do so at the expense of taxpayers in America. Many of these taxpayers would fall within the 99%.

Furthermore, by seeking bailouts for student loans, the Occupy Wall Street movement is fundamentally no different than the banks and corporations that they’re criticizing.

Duration : 0:1:5

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Technorati Tags: capitalism, crisis, crony, debt, economy, educational, Freedom, learn liberty, Learnliberty, libertarian, Liberty, Occupy, OWS, recession, Street, student, student loans, Video, Wall

The Stench of Truth radio show airs every Friday 7-9PM Eastern time on:

http://www.inceptionradionetwork.com

and

http://www.talkstreamlive.com

http://www.platformforthefuture.com

http://www.tenebroust-thestenchoftruth.blogspot.com

http://www.tenebroust-populistpolitics.blogspot.com

The Stench of Truth (493).mp4
Some background. It may seem like I focus on the republicans and the lunatic right a lot but I have and will continue to call out the democrats for their shill behavior. I was on Obama long before he was the democratic candidate in 2008. One need look at the campaign financing to see that both parties are paid by the same people. Look at Pelosi and Reid bith got big money from “healthcare industry” which is 99% health insurance companies that’s why we have the mis-named “Affordable Care Act” or Obamacare which is a bailout of insurance companies which are wedded to the banks and deep in the fraud of derivatives and the mortgage fiasco. Under it you are forced to pay too much for a crappy policy that doesn’t cover much. THE INSURANCE INDUSTRY IS THE BIGGEST COST FACTOR BY FAR IN THE WHOLE HEALTHCARE DEBATE. Get rid of them with single payer and you save hundreds of billions of dollars every year. Should the protesters be in Wall Street, Chicago, London to protest the banks or should they be protesting the FED? Wall Street and the banks of course. Why? Because how do you think it works? Do you think Ben and the boys call up JP Morgan and tell them what to do or is it the other way around? The banks are the problem. There is a multistate deal being floated right now which would absolve the banks of any wrongdoing in the Mortgage fiasco that led to the depression we are in and the restitution amount is 20 Billion. That is a ludicrous joke. If they say 1 Trillion I’ll start to listen. Schneiderman the DA of NY has bowed out of those talks because he says he wants to air it out and chase the fraud. His office has already been attacked with the outing of a female employee that moonlighted as a dominatrix. If he is serious expect more of this activity against him. Don’t let the banks get away with the largest fraud, theft scheme in world history! For more proof that it is the banks just look at Europe and their so-called “sovereign debt crisis”. There is not a single country that has a debt crisis, they have a bank bailout crisis.

Duration : 0:16:17

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KVII-TV Amarillo Pronews 7 Report By Kyndel Lee-Bates
Real estate agents say Amarillo has a reputation for more affordable homes, and that combined with record low-interest rates can satisfy home buyers.

Duration : 0:1:24

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Technorati Tags: amarillo, Amarillo economy, buying a new home, economy, estate agents, first united bank, Gaye Martin, government lending, Greg Glenn, Home Loans, home market, House Loans, local, low interest rates, mortgages, NEWS, Prudential realtors, record-low interest rates, Texas Panhandle, time to buy a house

With the RBA dropping rates significantly Australia seems to be avoiding the existing financial crisis, or are we being set up for an Australian Version of the Sub-Prime Mortgage Crisis?

Duration : 0:9:49

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Technorati Tags: Australia, crisis, debt, development, economic, economy, home, housing, lending, Loan, Mortgage, new, nwo, order, prime, sub, World

Ron Paul hits a college Loan question out the park at the CNBC Debate on Wednesday night.

http://RonPaulHemp.com – Like, subscribe, comment, and share!

Duration : 0:2:47

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Technorati Tags: 2011, college, college loan bubble, crisis, debate cnbc, economy, november, ron paul, ron paul college, ron paul student loans, student loan, student loan bubble, student loan crisis

Newt Gingrich, April 24, 2007, at a meeting for Freddie Mac employees:

“Certainly there is a lot of debate today about the housing GSEs [government-sponsored enterprises], but I think it is telling that there is strong bipartisan support for maintaining the GSE model in housing. There is not much support for the idea of removing the GSE charters from Freddie Mac and Fannie Mae. And I think it’s clear why. The housing GSEs have made an important contribution to homeownership and the housing finance system. We have a much more liquid and stable housing finance system than we would have without the GSEs. And making homeownership more accessible and affordable is a policy goal I believe conservatives should embrace. Millions of people have entered the middle class through building wealth in their homes, and there is a lot of evidence that homeownership contributes to stable families and communities. These are results I think conservatives should embrace and want to extend as widely as possible.”

Ron Paul, July 16, 2002, before the House of Representatives:

“Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corporation (Freddie), and the National Home Loan Bank Board (HLBB)…

“One of the major government privileges granted these GSEs is a line of credit to the United States Treasury. According to some estimates, the line of credit may be worth over $2 billion. This explicit promise by the Treasury to bail out these GSEs in times of economic difficulty helps them attract investors who are willing to settle for lower yields than they would demand in the absence of the subsidy. Thus, the line of credit distorts the allocation of capital…

“Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing…

“However, despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policies of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the Mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

(Note the dates of these quotes — Gingrich was speaking shortly before the mortgage meltdown, while Ron Paul’s remarks were made in 2002, when very few people even knew there was a housing bubble.)

Duration : 0:2:9

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Technorati Tags: 2012, economy, Gingrich, government, Interview, iowa, NEWS, Newt, newt gingrich, paul, Politics, president, Presidential, REPUBLICAN, ron, ron paul

http://www.nma.tv
Do you have student loan debt? Join the club! By some accounts, there is now $1 trillion in student loan debt outstanding. Wow! With all that money spent on higher education, Americans must be the smartest workforce in the world!

But funny enough, graduates are having a hard time paying back all the debt. What gives?

The grand bargain used to be that higher education was a guarantee of higher wages upon graduation. Yet students are finding that’s not the case anymore. They’ve taken on more debt than their meager incomes can support.

Thankfully, President Barack Obama has come to the rescue with several relief measures! Want to find out how you can benefit from these measures? Listen to our Student Loan rap! Everything you need to know is explained in one little tune.

A Next Media Animation / Jayse Wan of Good Lyfe Addikts collabo

Enjoy!

LYRICS:
C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
We got caught up in the student debt bubble
Now we can’t wait for some help to bail us out of trouble

I got this fancy piece of paper called a college degree
200 G at Sarah Lawrence is what it cost me
Majored in women’s studies and anthropology
applied to work at Google, but those nerds rejected me

I thought I had it made because I got all As
Now I’m in Starbucks slinging Venti Lattes
I’ve got no money in my pockets and I just don’t understand
How come real life doesn’t come with a meal plan?

Help me, Barack!

Barack Obama:
I’m sorry you got burned as you learned
We’ll help you out, let you pay as you earn
Let’s cap you loan payments at ten percent
of the discretionary monthly income you can spend

Consolidate your debt, there no reason to frown,
I’m gonna snap my fingers, now watch your payment go down

I met this cashed-up chick called Sallie Mae
She gave me some Loans ‘cos I had tuition to pay
Majored in philosophy got my liberal arts degree
Now I can’t even declare bankruptcy

Sallie’s on my ass, I’ve got no money to spend,
my debt is growing fast at an interest of six percent
I can’t get a job, and it’s too late for regrets
Man, I’m never gonna pay off my debts

Help me, Barack

Barack Obama:
Do the best you can, son, to muddle through
Pay the minimum that you can do
But in the long run have no fears
We’ll forgive your debt after 20 years

Paying what you owe can be such a strain
Let Uncle Sam take care of some of your pain

All Students:C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more

Business student:
Those liberal art fools only have themselves to thank
but I studied business shouldn’t I be making bank?
Yeah sure I don’t have any skills and I probably never will
still, I should be able to be able to pay my bills
I live with my parents I don’t know how,
Shit, I thought I’d be a VP by now
I believe the children are the future, that’s what I learned from Whitney
So please my Stafford Loans and let me go free

Help me, Barack

Barack Obama
I’ve got a bright idea for you young man,
Why don’t you join our payment plan?
For the lucky few that qualify
We’ll pay for three years no strings applied
For young entrepreneurs who are hard-up
We pay your student loans while you start your start-up

Barack Obama:
I’m the POTUS, B to the H to the O
Do an end run around congress, watch me go
Think I’m a long shot for the 2012 race?
Well, at least I know how to take care of my base.

George bailed out the banks I’ll bail the grads
then I’ll bail out the homeowners in their underwater pads
Put some money in your pockets, get the economy in gear
We’re coming up on an election year

All Students: C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
All Students:C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more

Duration : 0:3:44

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Technorati Tags: Animation, barack obama, economy, hip hop, hip pop, music, music video, Next Media, Next Media Animation, NMA, rap, student loan, Taiwan, Taiwan animation, Taiwanese animation

Watch the full Keiser Report E217 on Thursday. This week Max Keiser and co-host, Stacy Herbert, discuss Überdebten, financial eugenics and secret Fed Loans. In the second half of the show, Max talks to Karl Denninger about MF Global, pepper spraying banksters and Occupy Wall Street.

KR on FB: http://www.facebook.com/KeiserReport

Duration : 0:1:40

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Technorati Tags: analysis, bank of england, banking, bankrupt, crash, crash jp morgan buy silver, crisis, debt, deficit, dollar, E217, economy, Episode 217, euro, gold, gold price, Keiser Report, max keiser, maxkeiser.com, MF Global, pepper spraying, RT, silver, silver price, Stacy Herbert, stock markets, tax, toy, uk, us, Wall Street

Note: the Mortgage lender I spoke with is not necessarily the largest single recipient of federal bailout money, just one of the largest. Also check me out on
http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

Duration : 0:8:24

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Common misconceptions about lending in the current Real Estate Market.
http://HeartlandPremierMortgage.cbp1.com/
http://www.ColdwellBankerPremier.com

Duration : 0:1:39

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Technorati Tags: An, andrew, banker, biro, Coldwell, economy, educational, estate, finance, financial, Group, Heartland, home, howto, intstructions, lending, Loan, louis, Missouri, Mortgage, obtain, Premier, Programs:, real, saint