Incredible?!  There  have been many reports  in the alternative press and Europe, usually heavily suppressed by corporate news outlets, that at least $2 Billion in physical gold was removed from the underground parking structure of the twin towers by the truckload just a few hours before the terrible 9-11 incident!  Did this in reality happen?  Why, and if so, whodunnit?  Were did it go?

The Fed pumped up the money supply for what has seemed like endless bailouts with tax payer dollars.  The President and congress ordered the mortgage banking industry to get billions of loan dollars flowing to distressed homeowners in foreclosure, to stop the ever quickening slide in to a more than serious collapse of the banking and real estate sectors.  Precious few applications for loans have been funded?  Why?  It certainly is not because the customers haven’t been trying! Where is the foreclosure bailout money?  Is this another case of “whodunnit”?

Venting and  debating where the money went and who is to blame is entertaining at least for several. Is it the potential consumers themselves, the  bankers, or the politicians?   However, for those up to your tuche in alligators, as many customers and even mortgage lenders are, the real issue of immediate importance to prospects is how to save what you could possibly and prepare, if possible, for any more disastrous surprises. 

Meanwhile, there are actually at least two temporary problems that stand  in the way of a successful California refinance effort.  First there is a lack of equity in properties seeking finance.  This is a problem that could quite possibly easily have been anticipated and remedied from the start.  Second, many consumer credit reports are damaged almost beyond recognition due to the economic turn down painfully experienced  by the group needing refinance.! .

This too may have been remedied by credit guideline adjustments – something done many times in the past.  It appears, however, that the movers and shakers in the mortgage industry are content to encourage the homeowners to blame themselves.  The banks have been so successful at this kind of manipulation that they have the victimized homeowners borrowing and liquidating assets just to bring cash into  the bank  in hopes that they may be allowed to refinance!  Is there no shame?

Oh, along with the answer to our lead question, “No California Refinance Action – Whodunnit??”,   is at this point, a resounding Who Cares?!  So, protect your self and never mind what you hear on the street or in the media, put massive pressure on Congress and Obama/Biden so they begin to understand that the people want a piece of the promised bailout!  They want it now, and they want this intentionally messed up economy fixed now  for the sake of the citizens plus the country.!