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The Banks' Voluntary Housing Encopresis Could Lead to a Housing Fart

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If you thought the housing market is starting to improve, think again. Mike Whitney's article,  The Housing Shell Game: Prices Up, Ownership Down ,  spells out just how duplicitous the banks and the Obama administration have been. 

Before, there was a housing bubble. Now, where do you think all that gas from the bubble went-- ie., millions and millions of underwater and foreclosed or foreclosable homes. 

Whitney reports that the banks are sitting on over 7 million homes. He observes:

Five Star Institute economist Mark Lieberman has done considerable research on the homeownership rate by combing through the US Census Bureau report. He found that:

"The number of housing units held off the market in the first quarter though was 7,609,000 up from 7,299,000 in the fourth quarter and but down from 7,633,000 a year ago." (Homeownership Rate Drops to 18-Year Low, DS News)

Can you believe it? So the banks are keeping more than 7 million homes off the market to reduce listings, create the illusion of "scarcity," and push up prices. And just look at the numbers. They haven't budged in the last year, which means that things aren't really getting better at all. It's a complete hoax, in fact, it might be the biggest charade of all time.

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From http://www.flickr.com/photos/68146720@N05/6469354429/
by bogieharmond


So, we have over 7 million homes from the real estate bubble under the radar, out of view, witheld from the market by banks. When I child holds in his feces, it's called encopresis. If this habit continues, it can lead to impaction-- the feces gets compressed and hardened and can cause serious medical problems. That's kind of what the bankers are doing with those millions of foreclosed homes they are sitting on. 

 I also think the metaphor of a fart works-- gas that came in, got bigger even, and it's just sitting there, waiting... and it's starting to stink.
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But things could change thanks to Barack Obama, who has found a way to ingratiate his bankster campaign "investors" even more.   There's a new program which gives people with homes at risk of foreclosure no-doc, government guaranteed loans. 

Sound good? It should-- for the banks. They're sitting on a mortgage that is probably under water, maybe worth nothing or a lot less than the paper they're holding, and Obama comes to the rescue, offering a guarantee on the loan the owners take to save their house. if they skip out after the loan, the government has guaranteed to pay the full amount. Whitney says,
nderwater borrowers who have not made a mortgage payment for two years? And President Dumbass wants the US government to guarantee these loans? Have you ever heard of anything more ridiculous in your life?

This is why housing prices are going up, because corrupt, carpetbagging public officials and their price-fixing allies at the Fed have moved heaven and earth to do the banks' bidding and to make sure they don't lose one red cent on their garbage stockpile of distressed homes.

It's certainly not surprising that Obama is cutting deals that screw the nation and protect bankers. He has a deep history of appointing bankers to key economic positions. They're going to put banks first, and see the banks safety and health as most important for the economy. 

I can see where Obama might argue that these bank people know how the system works. I would disagree. They are the people who know how the broken system that doesn't work operates-- like the guy who's been the maintenance man for the ancient tenement building that's been around for 40 years-- who knows how to keep the decrepit plumbing and heating working enough so people don't rise up. 

If you had any doubt about Obama, if you were wondering what he was doing while he seemed to be twiddling his fingers with congress, you now have an answer. Behind the scenes, he is wiping out the resources, bankrupting the US, selling it out to bankers. He's also doing it at an international level with the Trans Pacific Partnership, which we've written and published much about. 

Obama may throw a few groups some crumbs. He may talk a good game-- one that's clearly become transparent as a game and not anything substantive. 

He is not your friend. He is not even the Democrats friend. He's, ideologically, to the right of Reagan, Nixon and Eisenhower.  

If you ever had any doubts about his loyalties-- it should be clear that the middle class is the loser and the banking and finance industries are the winners. Just look at Eric Holder, worst AG in American history (I've been saying it for almost five years) and how he's gone after patriotic whistleblowers while leaving bankers alone. Holder should be tried for criminal conspiracy to protect bank fraudsters and criminals. 

I hope you don't think the congress will do anything about this situation. They are part of the problem. If you're sending money to the Democratic party, it's really not much different than sending it to Republicans. Do you really think if Harry Reid wanted to let anything happen in the senate he would have maintained the status quo for filibusters? 

If the US has any hope of pulling out of the slide into corporate feudalism we are currently going through, then we need to find solutions outside the two party system, outside Washington DC. Third parties have been neutered. Independent candidates might make a difference. 

Big changes happen not by directly taking on the existing system directly. They happen by supplanting and replacing the existing system. That's what has to happen. It's hard to tell when, where or how it will happen or who will make it happen. But we need to keep trying out of the box things that replace too-big to fail companies, too big for constituents to influence political parties and systems that used to be thriving with diverse elements, which are now monopolies or close to them. 

Here are some ideas:

-let the banks fail. 

-create public banks that do some of these risky deals-- at least the profits will go back to the people. 

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Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

Rob Kall Wikipedia Page

Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also (more...)
 

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Everytime I write about voting third party one of ... by Textynn N on Sunday, May 5, 2013 at 4:11:54 PM
Thanks for taking the time to present this informa... by Amy Schreiner on Sunday, May 5, 2013 at 9:05:03 PM
Excellent!!!!    Very well thought out!!... by joab kunin on Sunday, May 5, 2013 at 9:27:31 PM
Call it 'plutocracy' or 'kleptocracy', either way,... by Jack Flanders on Monday, May 6, 2013 at 8:47:14 AM
"The whole system is a joke."    &nbs... by Fannie LeFlore on Monday, May 6, 2013 at 9:48:00 AM
But it is a planned joke.... by Mari Eliza on Saturday, May 11, 2013 at 3:36:43 PM
Considering Obama a total failure to this front. T... by Ercole Vitalone on Monday, May 6, 2013 at 11:23:11 AM
Why should taxpayers only get the houses underwate... by Jack Flanders on Monday, May 6, 2013 at 1:28:14 PM
Thanks to the rush to build luxury condos on the E... by Mari Eliza on Saturday, May 11, 2013 at 3:35:39 PM