Posts Tagged ‘bailout’

The Alex Jones Show 3/4: Hour 1-The Fall of Tim Geithner & World Officials Investigate Climategate

Sunday, August 1st, 2010

Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for .1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations


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Mortgage Modification and FICO Score Damage

Thursday, July 29th, 2010

(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Ask Mortgage Modification questions on our forums at http Our credit scores have become much more than simply a financial reward for prudent use of credit. With the information explosion of the past 25 years, credit scores have become a measuring stick used by prospective employers, insurers, private investigators, marketers and lenders of all types. Further, during the economic run-up of the past 7 years, a persons FICO score became a status symbol of the new real estate wealthy class. And so, it is with great trepidation that many of us face the untenable prospect of trashing our good credit standing by missing payments as part of a real estate workout with the lenders. But, tough times require tough decisions by tough people. And, like in any impending emergency we can minimize the damage and speed the recovery by understanding it and preparing for it. Specifically, you should know: 1) how the credit rating system works, 2) how much damage will be done by a mortgage late payment, short sale, deed-in lieu, foreclosure, and bankruptcy, 3) street-smart ways to minimize the damage and 4) street-smart ways to speed our recovery. Most of my clients miss 3-5 mortgage payments and most suffer at least a 100-150 point FICO decline. Not fun, not financially rewarding, and not something to be proud of


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