Al-qaida is Winning the War and we are to blame!

Image by Getty Images via Daylife

You don’t think so? Your stock portfolio is shrinking, your 401k is not worth anything, you have you’re your home plummet in value, and your bank is out of business. So do you still think we are winning this war against them?

Let us examine the situation. How do you do the most damage all western powers? Is it by killing their people? Is it by overthrowing a government? The answer is none. You destroy them by disrupting what they love most; Money, Power and Greed. The world trade center gets attacked. The world trade center represented the financial strength of this nation and a sign of stability. Things are not very stable now.

The governments of the world that are supported by the US rally to fight a war on terror. Our government is more focused on this war on terror then anything else in our country or around the world. Enter the greed and money. The wealthiest people in the world convince the government to deregulate a number of industries which opens up a faucet of riches to these people. These greedy people then manipulate the system to their advantage rape the world and walk away.

Let us now fast forward to October of 2008. We are no longer facing a US economic meltdown. We are actually facing a worldwide financial crisis, a destruction of our financial markets as we know it today. This crisis is going to destroy wealth around the world. It is going to create fear, hatred and destruction among countries and people. Why do you think the holocaust started? Hitler said that it was the fault of the Jews that their economy was so bad. He said if the people of Germany put him in charge he would get rid of the Jews and the German people would prosper with jobs.

Looks like history is repeating itself, we are on the verge of a worldwide great depression. We will then blame someone and World War III will be in affect. So let me ask you this question again. Is Al-Qaida winning the war and achieving their goals. I think so. They wanted chaos in our society and we let it happen. Shame on us.

Does this mean it is too late? Hell No! What is the solution? Not sure yet. Maybe this can be discussed at 104inc.com.

Related articles by Zemanta

• We're all going to die
• Ape and Essence: Novel Synopsis
• The story behind the song: Lili Marlene
• Bush: It's Important To Know The Facts As We See Them
• The Big Question: Iran
• The Fall of the Nation State
• World War III Proponent McCain Says It Will Take 'All-Out World War III' To Re-Institute A Military Draft (Updated)

Aid Struggling Homeowners, Stabilize Markets

The housing rescue bill signed into law last week presents Bank of America with opportunities to expand its efforts to keep struggling borrowers in their homes and to increase the bank’s production of various mortgage products.
Key features of the Housing and Economic Recovery Act of 2008 include a new Federal Housing Administration (FHA) program to help distressed homeowners obtain more affordable loans, enhancements to traditional FHA loan programs and other provisions to address America’s troubled housing market. The resulting increase in FHA loan production should create new growth opportunities for Bank of America, already the nation’s leading provider of FHA financing.

Even before the housing bill was passed, Bank of America had announced plans to modify or work out at least $40 billion in troubled mortgage loans over the next two years. The goal is to help an estimated 265,000 borrowers stay in their homes instead of lose them to foreclosure.
Overall, the new legislation is aimed at strengthening nationwide efforts to help struggling homeowners and restore confidence in America’s home financing system.
The law will modernize the FHA by increasing its maximum mortgage amount to $625,500 in high-cost areas, up from $417,000, thus offering more refinancing and purchase loan opportunities. Other features of the law include enhanced oversight and new regulatory guidelines for the government-sponsored enterprises (GSEs), including Fannie Mae and Freddie Mac.

Bank of America was a longtime supporter of FHA modernization and efforts to create a new regulatory regime for the GSEs. Bank of America also worked closely with legislators to ensure that the new FHA refinance program was voluntary, targeted and commercially viable.
To qualify for a loan under this program, at-risk borrowers must meet at least three key criteria; they must:
Currently be living in their home
Have obtained their mortgage between January 2005 and June 2007
Be spending at least 31% of their gross monthly income on mortgage debt on their primary residence

Such loans will be pegged to the market value of a borrower’s home at the time the loan is refinanced.
The new legislation also includes a tax credit for first-time buyers and a new standard deduction up to $1,000 for joint filers ($500 for individuals) who are unable to itemize deductions.
In addition, the law will create opportunities for Bank of America to expand its leadership position in reverse mortgage production. As the Department of Housing and Urban Development refines guidelines that will raise the loan limits on FHA-insured Home Equity Conversion Mortgages, the product becomes a viable solution for more customers.

http://www.articlesbase.com/mortgage-articles/landmark-law-aims-to-aid-struggling-homeowners-stabilize-markets-513615.html