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Real Estate News And Advice
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December 3, 2009
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Response To: |
The Posts to this article are hitting the mark!
(bobmightknow - 04/19/2001 04:59 AM)
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Main Topic: |
What's Going On Between Homestore, the NAR and Bank Of America?
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Circle the Wagons
Posted By: jimwmz - 05/04/2001 03:30 PM
Good points. We kind of circle the wagons at the One Realtor Place site on Realtor.com - Observation Deck. All Realtors are invited.
As for Homestore and Bank of America, what is not being talked about is that we already have a law which forbids banks from doing such financial services. It is the Glass-Steagall Act. It is amazing that this question has gone this far, since it is plainly prohibited by Glass-Steagall, and a banking activity prohibited by every advanced country in the world. The late Henry B. Gonzalez, Chairman of the House Banking Committee, tried to warn us this was coming seven years ago, but he was ignored. That it has gone this far tells us that banking has made massive bribes, I mean "contributions," to Congress and the administration. We, the public, are being sold down the river by scum,aka, "representatives," who are lining their own pockets at our expense. It seems like everything is now for sale regardless of how reckless and damaging it is. Even the public as a whole opposes this action, but, hey, what the public wants is secondary to hard cash.
Does anyone else feel like Damocles, with the sword hanging over his head, with this administration? Already, arsenic is okay, carbon monoxide buildup is okay and oil is "the only" source of energy. Dubya said yesterday that we are "running out of energy" yet his budget cuts funding for renewable energy research by 50%. What's wrong with this picture? Bribes, I mean (again) "contributions" control this country, not the people.
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