Tuesday, September 27, 2011

UH-OH: BANK OF AMERICA SUED FOR $50 BILLION - BY SHAREHOLDERS

THIS SUIT IS A RESULT OF THE BURSTING OF THE HOUSING BUBBLE.

THE BUBBLE WAS CREATED AS A RESULT OF 30 YEARS OF SOCIALIST HOUSING POLICIES AND FANNIE MAE.

AT THE DIRECTION OF THE FEDERAL GOVERNMENT, THE MORTGAGES BANKS AND FANNIE MAE WROTE TO MILLIONS OF TRULY UNQUALIFIED BUYERS INFLATED REAL ESTATE PRICES AND CONTAMINATED THE ENTIRE FINANCIAL SYSTEM.

FEDERAL INTERVENTION IN THE FREE-MARKET ISN'T THE SOLUTION; IT'S THE PROBLEM.

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