THE AMERICAN DREAM! FOR WHO?
May 24, 2012
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We are now ruled by the Global economy, and the Citizens of American has seen the 100 year transition of the 'American Dream' turn into a Nightmare.
So who is the American Dream for now?
The Banks, as they give out notes, collect interest, and give more notes out, while cleaning up their Balance sheets.
This is my opinion with 32 years in the Real Estate Business.
When I started in 1979 Greenpoint bank would give you a mortgage even if you were in an ICU unit in critical condition. Then the Bank got into trouble with their loans.
As the years went on, rates went to 17%, house went up faster than spaceships, and the Mortgage reps cleaned up. Then the public experience buyers getting mortgages with creative adjustments to mortgage apps, so loans would get approved. Results foreclosures, stock market crashes, Swindles, Brokerage house scams, Ponze schemes and still the general PUBLIC is being screwed with by the latest rip off, FACEBOOK IPO stock issued.
AMERICANS BETTER BE AWARE AND BE CAUTIOUS FOR THE ROAD AHEAD!
MY OPINION & RIGHTS AS A CITIZEN & VETERAN OF THE UNITED STATES!