25 Comments

1. There is a simple way to increase the secondary market liquidity for residential mortgages. If a mortgage is going to be sold, offer the original borrower the opportunity (60 day right of first refusal) to match the proposed sales price. I was just reading about the new FASB rule for valuing mortgages as part of an acquisition and the article claims the going discount is 30%. (This is on Bloomberg and is related to WAMU).

   I have many WAMU originated mortgages (don’t know who currently owns them, however)…but if they are in WAMU’s portfolio, I would surely buy them back if offered a 20% discount!!! This mechanism would provide a new conduit for selling mortgage portfolios, benefit the original borrowers, while costing the seller nothing. And, it is as easy as including an insert in the borrower’s next monthly statement.

   Why give the discount to foreign countries, private equity firms, or hedge funds when the party benefiting from a discount could be the original homeowner/borrower????

   I came up with this idea when I got stuck as a FRE common shareholder who was betrayed by Paulson. I’m trying to tell Barney Frank and Chris Dodd that if the GSEs have to liquidate mortgage holdings, they be REQUIRED to make this right of first refusal available to the borrowers. Having a former Carlyle Group person heading FRE with his boss being GW Bush’s college dorm roommate leads me to believe transfer prices may be artificially depressed due to lessthanarm’slength transactions.

   Anyway. To break the gridlock that is leading to stupid valuations of performing loans, let us, the borrower/taxpayer, buy back our loans at a discount.

2. Hello my name is Mike, and I’m from California, really enjoyed listening to you on Tuesday night with George Noorey. You mentioned 4-5 types of fraud that lead us into the mess we are in. Please I would like to know what the names of those Frauds were again and how they worked?

   Mike

3. Dear Catherine,

   As a longtime listener of Coast To Coast Am (over 15 years ), I listened with great interest your segment with George Noory recently, and was moved to contact you.

   I have information that I believe would be helpful in the community grass roots efforts to restore our economy. Please accept a complimentary copy of my recently published book, Truth About Money ˆ The Worst Fraud/Scandal/Swindle/Crime in American History: The Federal Reserve Banking Act, by Frank Wallace and Stephen Clark.
   It presents information on how to enact serious monetary reform and should be arriving by US mail shortly at your Hickory Valley, TN address.

   In the book we point to draft legislation that is already written and ready for review ( at http://www.monetary.org ) and enactment that will place the Fed under the U.S. Treasury, ending the private cartel control (stranglehold) of our money and sovereign nation since 1914.

   The American Free Press in Washington DC has endorsed and advertised our book by purchasing 100 copies for their First Amendment Books Division.

   Please check our website http://www.truthaboutmoney.org for more information and contact information. Also, I wrote the lyrics for the homepage song though it is being performed by a musician friend.

   I hope you find the book useful in your noble quest. I greatly appreciate your efforts.

   Sincerely,

   Stephen Clark
   (228) 342-1798
   smclark7@bellsouth.net

   http://www.truthaboutmoney.org

4. Ever since the origin of the Federal Reserve in 1913, the currency’s value has deteriorated by 97%, and we had the worst economic crisis in our history in the 30s. This institution is the key element of financial control, and its origins are suspicious. As Mises said, to understand the nature of something, go back to its origin. Why should we be surprised that crisis are created to force through authoritarian control mechanisms by the globalist elite.

5. I heard what you had to say on Coast To Coast last night. What you may not understand is that it is the economic system itself, combined with greed and fear and what is inside every human being that projects out holographically into the world that creates the world the way it is. So what you are attempting to do will not work, because money itself must be gotten rid of to create a society where everyone is truly one and equal. Also, the Illuminati/Elite end up making the most money in the current economic system and enslave everyone else, because we have accepted and allowed it.

   You cannot have money if you want a world where everyone is one and equal. In the type of society I am talking about, everyone sees and takes into account the whole, all as one as equal, and all goods and services are free of charge, and everyone works for the good of all.

6. Catherine,

   I would be really interested to know ifr the two presidential candidates are familiar with your work and if not why not.

   It would seem to me that an honest politician would want to work with you to help right a sinking ship.

   Thanks

7. Greetings Catherine –

   Many thanks for an excellent, cogent explanation of the ongoing economic
   quagmire, or as you might refer to such as the “tapeworm” economy and
   its now very apparent artifacts.

   I did have one quick question for the moment –

   There has been much speculation that one of the real reasons for
   invading, oops, I meant “liberating” Iraq had nothing to do with WMDs,
   but was motivated by the fact that Saddam Hussein was shifting away
   from US dollars, and going toward the Euro instead. It was felt by
   our economic strategists that this would be a dangerous precedent, and
   when Hussein basically responded with a middle finger salute, THAT was
   the final straw that pushed the agenda to go in and put him out of
   business.

   Any thoughts you might wish to offer are greatly appreciated.

   As for your discussion last evening, when I think of the
   current megalithic highly centralized banking cartel, with of all
   those mortgage backed securities and derivative trades going on out
   there in the global markets, based on essentially nothing, it is truly
   chilling .

   In any case, your courage and devotion to the truth is inspiring, to
   say the least.

   all the best

Comments are closed.