Bailing Out Citibank but what of Housing?

Yes, it seems that to the tune of almost $300 billion, that Citibank has been bailed out. What relevance this has to the 1 million families who have lost their homes, and the 2 million more or so coming down the pike, I don't know. Yes, we have become slaves of the oligarchy again. Will Obama have the courage and the balls to lead an American Revolution against this disgusting debt slavery? We at realestate crash now do not know the answer, but at least we are smart enough to ask the question. And the best answer it seems is to freeze the mortgages, stop the foreclosure on family occupied homes, and take a few years for the whole thing to sort itself out. Not just let the interest rate go down, but after a few years of rental payments, let the principal go down too to "market levels." see Larouchepac for more.

Citibank and the Tank

Less Citibank has really tanked, and the real crash is upon it. I don't know what to do except put the damn thing through bankruptcy. The BS keeps flowing, but 1 million and more families have already been thrown out of their houses. Meanwhile Citibank is getting $269 billion in cash and loan guarantees. And this is still called capitalism? What a joke, this is the bailout empire of hyperinflation, on our way to a Weimar Germany or Fascist future. Tell Obama it is time to pull the trigger on the Anglo-Dutch oligarchy. It's way beyond real estate.

Real Estate and the Walk Away

Just walk away Renee. If you can't pay that mortgage, what can you do. There is a limit to torture, next stop is the Bronx Zoo, because they're after you. When things get really bad, it is time for a Forensic Loan Document Review. Get some help to get a real Home Loan modification. You can, for real, get Foreclosure Protection.

The script is that you bought into the real estate market to invest, or you bought your own house within the last ten years. You find it impossible or verging on the impossible to pay your mortgage payments on time. You also have little or no equity value in your home. This happens in many cases. People have gotten into Interest/Only loans and Adjustable Rate Mortgages. They have been having fun for 5 years, and now are getting hit with high monthly payments, and in addition have little or no equity in their home. They are having trouble selling for a decent price.


You have got nothing to lose and nothing to prove, and want to find a legal and easy way to walk away from this lousy investment. It really wasn't so bad, because they got to live in or rent out a house in many cases for 5 years or so, and now it is the end of the line. This is advice from my friends at http://www.youwalkaway.com and they mean business.

Collapse Continues at AIG

With the collapse continuing, the expenses are mounting. The news from Yahoo is that another $40 billion has been expended in the bailout of AIG insurance company. This money is then disappearing in the black hole of the Cayman Islands centered, no tax paying derivative credit swap market. Other derivatives may be involved as well. The real question is when is the system finally going to be put into bankruptcy and this foolish bailout game ended? Derivates don't exist, and can be legally made to not exist anymore, to be illegal, and to go away. Of course, the real estate, the mortgages are going south as well at a fast speed.

Real Estate Riot, Call the Police

If your neighborhood is being hit by a wave of real estate mortgage foreclosures, you may be close to a riot level. You may need those sexy manly, and fit women cops, wearing their5.11 Tactical Pants. Hey, cops can be sexy too. With the level of foreclosures hitting, it may be a mass strike, especially after the election of Mr. Obama.

These "cop" pants are marked down. For only $49.95 you can get, with free shipping, flannel lined tactical pants, from tactical pants usa. They also have uniforms, hats, gloves and vests at this too cool police uniform and wear site. Call the SWAT team over now.