Much like Keith Olbermann believes that people who make stupid, mean and bad remarks should be exposed as an example of The Worst Persons in the World – I think the same should be said for those that have lopsided agendas.  This week’s DEADLY CLEAR “Idiots of the Week” are Gary Shilling and Arnold Kling.

Mr. Shilling’s comments in moneynews.com’s article: Plunging Home Prices to Spark 2012 Recession are directly out of the Wall Street propaganda playbook.

Yes, Mr. Shilling (a good name for a bankster pal) – there is a lot of inventory of empty housing;

 and “No”, Mr. Kling speeding up foreclosures is not the answer.

In fact, you two are infuriating both political parties with your one-sided agenda that you do not even support with good reasoning.  Just uttering, “speed foreclosures, not stop them” – how stupid is that?!

Yeah, for your bankster buddies to get the dirty paperwork, lost documents and fraud behind them would certainly make it easier on the banks!  Even you, Mr. Kling who was associated with Freddie Mac during the inception of this more recent fiasco are aware that there are and have been major improprieties. And as the investigations continue there is a likely chance that more of your friends may head for the slammer.  So, I can see your point – hurry up and get this over so we can bury the bodies and get out of town.

Well, Mr. Kling and Mr. Shilling just keep on making statements and I’m sure the spotlight will start shinning on you … and keep your pictures posted because the homeowners you want to run over so badly like a “hit and run” driver might identify you in a grocery line.  Don’t be surprised if they become confrontational and yell at you in public for your idiotic remarks.

FORECLOSURE v. REVENUE

There are alternatives to foreclosing on America caused by the Wall Street securitization Ponzi scheme.  And we don’t have to raise the debt ceiling and continue to hide the TRUTH.  We need to create revenues and we can do that simply by taking the mortgage loans out of the banksters hands, since they’ve already been paid several times over, and reconstructing them with the borrower at 2% for 30 years.

Just the 67 million Mortgage Electronic Registration Systems, Inc. (MERS) mortgages alone at $900 a month each payment would create over $726 BILLION annually (and that monthly payment figure is likely doubled on average).  You’ve heard of MERS, right Mr. Kling?

Your bankster friends want the debt ceiling raised because they know it’s worse than what you and they have told the public.  All of you, including President Obama, are hiding from the public since this was allowed to happen and collectively “you” are afraid of the consequences, which are likely worse on the home front than what [you] are imagining from abroad.

Unfortunately (for you and your pals), there are enough of us aware of the securitization scheme and capable of doing the math to know that the small amount currently being negotiated to add to the debt ceiling is in no way even close to what is needed.

When the securitization fraud figures actually exceed $140 TRILLION – I really doubt one or two more trillion added to the ceiling is going to make much difference for very long.  Or maybe this is just to get the banks past the statute of limitations for fraud… and we’ll be right back here at the same damn place in 2015.

And in the meantime – did either of you stop to consider the impact on the lives of all Americans regarding foreclosures?  Whether or not you rent or own, are in foreclosure or making your payments – the Wall Street securitization fraud creating the foreclosures has caused the market to collapse.  

• My 78 year old uncle can’t sell his home that is paid for – for the amount he has invested in it, so he’s out of luck in an emergency or if he needs to move to assisted care.
• My next door neighbor bought their home based on what we find out was an inflated appraisal and can’t refinance because due to the neighborhood foreclosures prices have plummeted and there is no equity – now they can’t afford to send the kids to college.
• My girlfriend, a single mom, was renting and the owner fell into foreclosure. She got kicked out of her rental home that she’d had for 10 years…with no place to go that would take her cat and dog – and kids.
• Another friend wanted to sell her condo and move home to take care of her aging parents – she can’t sell because she’s severely under water and she can’t rent it for enough to cover the mortgage payments and the HOA fees.
• A friend of mine with 3 kids lost her husband when he hanged himself after the family got served with a Writ of Eviction and had to live in their car – he committed suicide because he was so depressed and ashamed (in case you didn’t know there is no counseling made available in your speedy foreclosure process).

I could go on – I got a list a mile long – but you get the picture.  You have no sense of consequence, you seriously couldn’t have any and make or even support those statements.  And personally, you are idiots if you really think displacing millions of people is going to somehow magically make a bottom to rebuild from – even in the Great Depression (the last one) there was a moratorium rescue.  Get real and fast because your remarks are just creating an angry America who WILL find out the TRUTH.

Yeah, the banks might go under or get taken over by China – but right now the lack of honesty, compassion and integrity along with the political stunts coming out of Washington, DC make me sick!  And brother, I’m not alone.