By Grant Lawrence
Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
"They were the
worst three months of all time," said Rick Sharga, spokesman for
RealtyTrac, an online marketer of foreclosed homes.... Source CNN
This record foreclosure rate, however, isn't even the worst of it.
So here we have another bankster scam being waged on the consuming public. The scam is to create another "too big to fail" scenario as they make record profits and pay out record bonuses by rigging their books.
But the good news is the Dow is up.
So the game continues and the system is rigged.
Unfortunately, Americans are nothing more than credit serfs or as John Lennon once pointed out in his classic song, Working Class Heroes:
Keep you doped with religion and sex and TV,
And you think you're so clever and classless and free,
But you're still f--king peasants as far as I can see,
Americans pride themselves on their nukes and high tech killing machines to protect the 'Homeland,' but all of the death rays and the death merchants are not needed. America the beautiful has already lost to fascism.
The banksters own you no matter who you vote for.