Defaulting banks - where will it stop?

[Peter Lemkin]

So AE-P is suggesting the Fed buy up Treasuries to force mortgage rates down. Is that the gist of it?

What's the point of reducing the mortgage rates when falling values will soon render many more of those mortgages toxic anyway? And how can any mortgage be serviced, regardless of the low rates, when the mortgagee is unemployed?

What is it about hyphenated names?

The name 'mortgage' is an interesting term. It literally means death document - as it kills or nearly kills those burdened by it, most likely. Now so, more than ever. Of course one can't pay a ballooning monthly mortgage fee, with declining pay - or NO pay....that's the current idee'! In fact, I don't have the name of the new Criminal Establishment, but I can find and post. A group of persons from institutions that just went belly-up for constructing these cheat-em-for-sure-chump-mortgages have joined together to make a new financial group and are buying them back from the U.S. Govt. at pennies on the dollar and will make a 'killing' (again) with help from Uncle Sam. You wait and see. Smart if evil guys. I'll post the details soon.