Freeze Local Foreclosures

Letter to president of our elected city council

Amy Loaching,

You are the president of our elected city council and have much influence locally, and nationally as well.

A local pastor, during a very long General Motors Assembly Plant lay-off in the late 70's early 80's, organized local bankers to freeze foreclosures and to put 6 payments at the end of the loan (4 late payments + 2 extra payments) in order to get the plant workers through the lay-off so that massive foreclosures would not destroy our local real estate market, property values, and property equity.

His name was Ken Waterman, pastor of the First Congregational Church on the corner of West Court and Jackson. He called the clergy group "The Ministers Association" and had all the local clergy collectively invite all the lenders to a meeting.

At this meeting the lenders finally agreed that if every lender together did the foreclosure freeze then they would each be on board.

Ken was also a city council member. He had been a pastor down south and there had organized parishioners who were attorneys, to provide free legal services "pro-bono" to low-income parishioners. That was the beginning of the federally funded Legal Services Corporation from which comes Legal Action of Wisconsin (L.A.W.)

We can do this again. All local lenders, which hopefully is at least 1/2 to 2/3rds of our local mortgages, can agree to a one year freeze. Then we can get the names of the rest of the mortgage holders (public information at the courthouse) and inform them that there will be no more sheriff sales for the next twelve months in Janesville Wisconsin, Rock County (like the sheriff just announced in Chicago)

Over 2/3rds of the "sub-prime"" mortgages are yet to forclose and need to be modified back to the original monthly payment. At least 4,000 more of our 22,000 local homes will be on the market in the next six months from the closing of the General Motors Assembly Plant and subsidiary businesses.

Freezing our local foreclosures will encourage other communities to do the same.

Freezing foreclosures will stop the progression of the economic downturn at it's source.

Thank you for all your attention to this very critical matter.

Members of C.A.R.D. Citizen Association for Rights and Dignity

Letter FREEZE all foreclosures

The foreclosure avalanche is not over yet. Over 2/3rds of these folks are still managing somehow to cling to their homes in spite of their house payment being DOUBLED. How are they DOING this?? With credit card debt?? At 20 and 30% interest rates!?!? These people are desperate!

RETURN interest rate back to 7% on our home mortgages - down from the scandalous rip-off thieving greedy ARM hike that created the avalanche of foreclosures in the first place.

FORGIVE up to one year of back payments as folks overpaid with double payments for at least one-year average prior to simply falling behind.

LEGISLATE that 7% is the top interest rate allowed by law for home mortgages and credit cards.

The avalanche of foreclosures created a glutted market of too many listings and inventory which artificially dropped our property values and equities from the "bubble" of prosperity.

There was no "bubble"' in the housing market. We had authentic equity and prosperity created by allowing the average joe to finally realize the American dream by providing accessible financing ("sub-prime" money) to finally be allowed to buy a home.

But then the average joe got the rug yanked out from under him with the interest rate jack-up attack. He did not "buy too much house". He did not "mismanage his money" He does not need "financial counseling".

Roosevelt saved the home mortgages, and the people paid it back. He made all the money back and made a profit by freezing the foreclosures and letting folks KEEP their homes. Freeze mortgages like what was done in the depression, whereby the government got ALL their money back and made a profit by saving the little guy.

This is the wall street choice; 7% return or NOTHING. 12% to 14% to 32% is no longer legal, and never was ethical. No more extortion of the average joe.

Do not hand our mortgages over to the federal reserve of private bankers so that they would also OWN our country in addition to currently owning our currency. Do not let the Federal Reserve get away with this hijack.

Why would the National Realtors Association be against that? Because if the wall street bad boys get bailed out, the realtors get to facilitate the largest transfer of property in the history of human civilization, and get paid with record commissions . NO. Let the people KEEP their homes!!! Continue to make our living on honest commissions!

I am a Realtor.

Do not take more homes from the average person.

Do not bail out wall-street bad boys.

Do not hand the deed to our country over to the federal reserve bankers.

I am a Realtor.

Freeze foreclosures.

Return the interest rate to 7%.

Forgive up to one-years worth of back payments.

This will stop this "wall-street crisis" in its tracks.

And will return the "bubble" of authentic prosperity, property values, equities, and appreciation.

K. Andreah Briarmoon, spokesperson for
C.A.R.D. Citizen Association for Rights and Dignity

Federal Reserve Bank

Ugh--I've been watching the "credit crisis"" unfold.
I'm laughing and crying at the same time.
The poor banks and poor us.
We are suckers!

I am surprised at the number of people who think the US Federal Reserve is a branch of the US Government, looking out for the best interests of US Citizens. SIMPLY NOT TRUE! I've compiled some facts for you below (and gathered exact quotes from the linked websites) for you to become more educated about the Fed and how it operates.

Why should you care: They are STEALING MONEY from the US Citizens and taxpayers! Why aren't our Presidential candidates and the media talking about THIS?

How they steal from you:
"The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest." (Every time you hear the Fed dropped an interest rate-- think about this!)

The US Federal Reserve IS NOT a part of the US Government. It is a private company, with PRIVATE SHAREHOLDERS (not public) that control the US monetary supply and system.

Who are these private shareholders?

Rothschild's of London and Berlin
Lazard Brothers of Paris
Israel Moses Seaf of Italy
Kuhn, Loeb & Co. of Germany and New York
Warburg & Company of Hamburg, Germany
Lehman Brothers of New York
Goldman, Sachs of New York
Rockefeller Brothers of New York

The privately held Federal Reserve Bank has not once been audited and never pays any income tax.

"Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof,.... Congress has no authority to delegate this responsibility to third parties. The Federal Reserve Banking Act, passed in 1913 is categorically unconstitutional, it is unlawful."

Now, I'm not a real brilliant human, but if I can do my research to find out why/how we have this major credit crisis going on, I'm hoping that my fellow citizens can be in the know, too.

"Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".

Don't want to read but want to know more:

WATCH
http://www.youtube.com/watch?v=KV9yDLhKbjg

Watch Ron Paul describe how the fed works on YOUTUBE:
http://www.youtube.com/watch?v=WE4B6Wzxa-Y

Or browse yourself:
http://www.lovethetruth.com/federal_reserve.htm (the quotes in my email come from here)

http://www.libertyforlife.com/banking/federal_reserve_bank.html (the quotes in my email also come from here)

http://www.businessweek.com/magazine/content/07_50/b4062021769214.htm

www.themoneymasters.com

www.campaignforliberty.com