Got Loan Modifications? More & More Fleecing of the American People

I was recently sent a video about the Sweetheart Deal for OneWest via the FDIC IndyMac Bank firesale... including an incredible "loss share agreement" that explains how/why it is so hard to get a loan modification that was so ballyhooed as the solution to our mortgage crisis... under the circumstances outlined in this video, there's too much money for the banks to make if the assets they bought actually get liquidated by third parties, rather than modifying the loan for the original note holder. So much for the stimulus/TARP funds to help the underwater homeowners. And oh, wait until you see who is involved in this sweetheart deal, it includes the name Goldman... I am all for a market adjustment and a liquidation of the underwater assets, but NOT under these circumstances... you and I and our great grandchildren continue to get fleeced here...

The video is at this page: http://www.thinkbigworksmall.com/mypage/archive/1/32274 and it has some linked articles (WSJ, NYT) and resources (Indymac Shared Loss Agreement, Master Purchase Agreement, Loan Sale Agreement) to back it all up on the page as well.

This was put together by the real estate sales and marketing guys at www.ThinkBigWorkSmall.com ... so I did a bit more research on them and found their TBWS Daily Show page... and you may find the info they shared for their July 30th edition of particular interest as well:

July 30th TBWS Daily Show
- Fingerprinting Real Estate Brokers NOT Underwriters?!
- SEC NOT Required to Reply to Freedom of Information Act by the Public?! What Happened to Transparency in the New Financial Reform Act?!
- That Real Estate Tax Inside the Health Care Reform Act?! Yes, it's true, but it's complicated...
Check out these topics within the 5 min video at this page:
http://www.thinkbigworksmall.com/mypage/archive/1/52140

If you think my approach to calling the powers that be in congress and the unconstitutional agencies that operate with impunity "criminal" is too harsh, and my call for us to get our "heads out of the sand" too hard core, then maybe this little bit of information will be enough of a shock to the system to get off the fence and start seeking solutions, talking to your friends and families and taking action!

There are plenty of them out there, and they do NOT include the ballot box either, THAT solution has been proven to not work.

The solutions include the people to take up economic sanctions against these criminals... the power of the purse folks...would much rather use that power before we have to resort to the power of the sword, wouldn't you? Because those are the only two powers we have: the purse and the sword.

It is nigh time we start withdrawing resources from the govcorp that rules over our lives with disdain and does nothing but fleeces the serfs day in and day out all under the false guise of a representative democracy... Article IV Section IV of the Constitution guarantees a Republican form of government, NOT a mob rules, we-can-get-away-with-it-if-we-can-dumb-down-enough-people-to-vote-our-crooked-asses-in-office-again form of government!