Now hiring, liers and thieves....

Real Estate Agent with HomeSmart International

.....for available positions in upper management at major US Banks.  No experience necessary.

Glad to be back to the Wild West in Arizona, after a family emergency in Washington DC. .....although the Wild West here, feels gentle and peaceful compared to that jungle out there they call the "New York-DC Bubble", where crime and lawlessness is not only commonly accepted, but expected as part of being a professional...... (thief, that is).

Thank you Kent for catching me up to the latest of "Crime Watch" .....this has got to be one of the most entertaining reality shows ever....ratings are soaring!

What's up with Citigroup's CEO Vikram Bandit?  This fool says he is working for $1 (one dollar) a year, and that he only made $1,000,000 (1million) in 2008, but Reuters reported that he took in more than $10,000,000 (ten million) in 2008

......after all, what's a few million dollars (plus or minus) mistake in his favor? everybody else is doing it .....what do they call that? ......fuzzy math?.....little white lies?....obfuscation?...don't we know that there is nothing accurate about banking and finance anyways? ....why...a chimpanzee and his trainee can run those institutions blindfolded.

Maybe Vikram Bandit just wanted to live up to his name......maybe he just wanted to show the rest of the gang that he is among the best and the brightest, back there where a man is a thief and the sheep run scared.

God.....I'm in the wrong business.....where is my retention bonus for putting up with this bullshit?  because, really .... I want my children and grandchildren to know that the years of work they will be doing for chipping-in to retain the worst and the dumbest, will be well worth it.

As Cosmos (Kramer) would say, "this has got to be the biggest scam perpetrated on the American people since One-Hour Martinizing!!" .....we have been, and are still witnessing the largest transfer of wealth from the middle working class to the richest of the richest.......and sadly, it is happening in plain site.

Akin to the Great Depression, what will history and future generations call this pathetic and scandalous times we are living thru? .....The Great Scam? .....The Great Looting?........The Great Robbery? ....maybe we should have a contest to see who comes up with the best name.

So, on another note, after 3months of wating for Wells Fargo to accept a full price offer on a Short Sale, they decided to let it go to foreclosure. 

They never even had the decency and professional courtesy to notify the listing agent (still under a current un-expired listing agreement), that they had given the listing to WIN 3 (the foreclosure realtors) and that the PIQ was re-listed the next day for a whopping $400 more than the short sale offer!!!!

I suppose that their piggy banks are flush with tax-payers money and their balance sheets will improve by allowing the morons that work for $10/hour in the loss mitigation departments to monkey-wrench as many deals as they can, and let them go to foreclosure.

As the above link on "Citigroup's incompetence squandering tax-payers money" shows, with the taxpayer taking on the losses, it is much more beneficial for these banks to let short sales turn into foreclosures, and foreclosures turn into bulk sales, that their cronies can pick up at auctions for 30 cents on the dollar and re-sell them back into the market for huge profits.

So, unless you have money to throw around, or are a rookie that will take any kind of transaction, or you don't need to sell real estate to make a living, do yourselves and your clients a favor, and stay away from short sales ....they just waste everybody's time, and the banks don't really want to sell them.

After the cancellation I just mentioned, my clients and I found a better property (not a Short Sale or REO), wrote and offer, had acceptance, and openned escrow in less than 24 hrs.....

.....interestingly enough, it was one of these properties bought by an investor at an auction. The seller got it so cheap, that he totally detailed the house, included a brand new package of stainless-steel appliances, priced it about 10% below market and sold it to us the same day it was listed.....the investor is also realizing a handsome profit!

In a few months, Bernanke's time is up....maybe he'll get a job as the CEO of one of these banks.

Comments (5)

John Mulkey - Waleska, GA
Housing Guru

Nothing changes but an occasional face. The guys on Wall Street have the full support of Congress, which is willing to create a debt of trillions to salvage banks and financial firms.  The total system is corrupt, and until we collectively demand change, everything will stay the same.

Mar 25, 2009 06:34 AM
Goodbye Active Rain
Out of Real Estate

Why should anyone have to pay taxes anymore?  Seriously!  Inflation is going to wipe out the middle class.   

Mar 25, 2009 06:34 AM
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

I knew you'd get charged up about that link, Fed - glad to see you put it to good use!

Mar 29, 2009 05:17 PM
Scott Leaf Personal Real Estate Corporation
Keller Williams Elite Realty, Port Coquitlam, BC - Port Coquitlam, BC
Scott Leaf & Associates Real Estate Team

I always wondered what the term "made off like a bandit" was referring I know

Apr 14, 2009 05:26 PM
Michael Rohde
Sunstreet Mortgage LLC. Licensed Mortgage Professional - Tucson, AZ

Federico-- I didn't know you were an Active Rain member. I know this is an older blog but you called it right. What's happening is kind of scary. I met you at your office meeting last week. Hope all is going well. Sincerely, Mike

Aug 20, 2009 08:33 AM