Lenn Harley makes good comments.
She made another one today on Richie Nagger's post: FHA . . . Forgive & Forget . . .
And so here we go . . .
The greed was at the top. And that greed did compel.
The situation -- and by situtation, I refer to the decline in property values, the foreclosure nightmare of millions, the short sales that go to the wayside, the loan mod fiasco -- isn't complicated. Not really.
If I showed you a glass of water, and asked you what it was, you'd tell me it was a glass of water.
If I asked the Chemist, or Physicist what it was, they'd could say it was a glass of water. But, they also know how very complicated H2O really is.
2 H2O (l) 
H3O+ (aq) + OH- (aq) "Water is primarily a liquid under standard conditions, which is not predicted from its relationship to other analogous hydrides of the oxygen family in the periodic table, which are gases such as hydrogen sulfide. Also the elements surrounding oxygen in the periodic table, nitrogen, fluorine, phosphorus, sulfur and chlorine, all combine with hydrogen to produce gases under standard conditions. The reason that water forms a liquid is that oxygen is more electronegative than all of these elements with the exception of fluorine. Oxygen attracts electrons much more strongly than hydrogen, resulting in a net positive charge on the hydrogen atoms, and a net negative charge on the oxygen atom. The presence of a charge on each of these atoms gives each water molecule a net dipole moment. Electrical attraction between water molecules due to this dipole pulls individual molecules closer together, making it more difficult to separate the molecules and therefore raising the boiling point. This attraction is known as hydrogen bonding. The molecules of water are constantly moving in relation to each other, and the hydrogen bonds are continually breaking and reforming at timescales faster than 200 femtoseconds. However, this bond is strong enough to create many of the peculiar properties of water described in this article, such as the those that make it integral to life. Water can be described as a polar liquid that slightly dissociates disproportionately into the hydronium ion (H3O+(aq)) and an associated hydroxide ion (OH-(aq))." (WIKIPEDIA)
To me and you -- it's only water.
Now, to the brainiacs on Wall St., the financial geniuses (did I spell that right?) who brought us this wonderful meltdown, have them EXPLAIN what happened . . .
NOW -- it's complicated. Because you've asked them to explain the tangled web they wove.
It's still . . . WATER!! And for most homeowners -- I like to call them Americans -- they are currently UNDER IT!!
The maniuplations done to each and every mortgage is simple. They used home owners' deeds of trust as tools. They used the home owners' property, and their rights to that property, to be sold and auctioned off on the chopping blocks of . . . bonds, MBS (mortgage back securities), hedge funds, derivaties. They did this without explaining to ANY CONSUMER how that MIGHT -- just MIGHT -- affect them (us). Their evil genius plot contaminated the waters of that well.
What the chemist/physicist can do is baffle you with the EXPLANTION OF WATER. It's still: WATER
What the financial brainiacs did -- on Wall St., in the Halls of Congress, in the Senate -- was create their blueprint of manipulation, and made if complicated. Our Government DIDN'T HELP!
What I understand is this: The American homeowner had their rights to property so manipulated that the WATERS were poisoined. And now we are drowning in it. The mortgages were manipulated.
The HAMP, the loan mods, TARP, were tossed out, and only a FEW -- similiar to those on the the sinking ship Titanic -- were able to survive. Those in "steerage" . . . well, you see what's happening to them.
I wish I was a political cartoonist. I'd be penning the TITANIC -- the ship built and "billed" as UNSINKABLE "Too Big to SINK". The life vests that were supposed to be there, were not. The life boats that were supposed to be there, were not.
The banksters of Wall St., and our Government elect/elite would be saved, watching from a distance in their life boats as the TITANIC sinks, and people drowned.
It's not complicated. It all depends on who you ask. Ask the homeowner . . . and they tell you they're underwater. Ask the brainiacs . . . and it's all a formula designed to profit them, and the investors.
I-N-T-E-R-M-I-S-S-I-O-N
See What Goes Up . . . The Derivative Game Part II
EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
BuyersAgentPortland.com
All rights reserved ©
;)
;)
;)
It's over my head. I only uderstand the under water part of it.