Wow, your post makes mine look fbeele. More power to you!

We now need lawyers to assist people buying homes. If I ever buy another home or property, I will not sign any contracts with the banks without going through a lawyer that I trust. 

I am not signing anything until the entire contract is looked over by a lawyer that deals with finances.

The financial elite are running the White House and there will be nothing but outrageous, in your face, usury and theft of the people from here on out until things change.  Which as we all know, Obama’s change translate into “as much theft from working people as humanly possible with no accountability.”

The banks will never change and the people are no longer represented, therefore WE are going to have to change and this means avoiding doing anything that means using banks whenever humanly possible.  People must no longer operate as if the banks are trustworthy businesses. The banks are as dangerous as dealing with the mafia, more so because they are ABOVE the law. 

People need to sue the banks, avoid doing business with them, bank in a home safe, hire lawyers to deal with them, refuse the use of credit cards, and most importantly, we need to create new businesses that help us avoid using their services.  We must make sure that the banks are not running THESE services.  The banks have captured us in a snare like a spider’s web and they have no problem with popping off our heads and drinking our blood.

skimohawk, the banksters already have it covered as many loans are guaranteed by the government to the lender. The banksters make money when a house goes into foreclosure, and also make money in the stock market. When stock go up the banks investment arms collude with each other to drive stock prices up and then buy options, puts, that the stock prices will go down and they collude to drive stock prices down after making up on the upswing. By forcing foreclosures it ensures that the stock prices will go down and the investment banksters can engineer the stock prices.

This is news?
I accurately predicted the collapse of the housing bubble two years before it happened.
The houses simply were not worth the prices they were being sold ( and re-sold ) at.
It matters not how many people are willing to say a dollar is worth five dollars- it’s still only worth a dollar.
When real wages ( adjusted for inflation ) have actually gone down over the last two decades, how can housing values triple or quadruple over the same course of time?
When the house prices drop down to what the houses are actually WORTH, as opposed to what “assessed value” or “market price” might be, this calamity will come to an end.
In the meantime, those who got caught up in it will be stuck paying two or three times the actual value of their home, and those speculators who got caught up in it toward the end will hopefully lose their collective asses.
But don’t think for a minute the banks or lending instutions are going to absorb any loss- they’ll figure out some way to get the US taxpayer to pony up whatever loss they would have otherwise had to eat.

Dunno what the Wall street is smoking? It is abundantly clear that Main street is getting smoked…