3rd January 2008

Separate Rules for the Rich vs. the Poor

There is much discussion about illegal aliens and the outraged Americans that are ticked off at those U.S. officials displaying a non-challant action plan.  As we know, these illegals benefit Corporate America.  The money stream and tax dollars that Corporate America pays in taxes, to the Federal Government, each year, is so great an amount, that the Feds don’t want to see that money stream shrink or stop!  The Feds don’t want to rock the boat and slow down their money source and cut their spending.

 It is unfortunate that the working class, middle America, supports this nation and the Feds lavish spending.  The Feds will bend over backwards to allow Corporate America to perform almost any illegal act.  The prostitution of the Feds in business and bed with Corporate America means that the sugar daddy gets what he wants as long as the money keeps coming. 

 Wouldn’t one think that the laws of the land and the home of the brave is for all Americans?  NOT SO!  Americans are led to believe this as the mind-controlled media messages go the direction that the Feds want it go, so that Americans will behave accordingly.  Feds want to keep Americans spending and the flow of money, that makes for a strong economy, to support the Governments spending and reduce their cost of money. 

The topic of the American Dream … homeownership comes to mind … have you heard … The IRS grants Tax ID#s to illegal aliens so that the rich banks can give home loans to these illegal aliens.  It is all fine and dandy with the Government as long as the money keeps on coming.

 Recently published in The Californian newspaper, Sept. XX, 2007, an article regarding this same topic.  It points out that the U.S. Government is buying loans from the secondary market to secure and sell to the primary market and put in securities on Wall Street.  The stocks are then put on the market for all to buy, and secure their investment.  So the saying that the rich keep getting richer and the poor keep getting poorer is true. 

The concept of a separate set of rules apply to the rich and not the poor is also true.  This article points out that banks, regulated by the Corporations Commissioner, can originate and sell financing to illegal aliens.  On the other hand, 50% of all loans originated in the United States are done so by the arrangement of Mortgage Brokers.  Mortgage Brokers are regulated by the State of California, Dept of Real Estate.  In order to originate loans, you must be educated, licensed, regulated and penalized for misconduct and unethical business practices.  Yet, Mortgage Brokers are not allowed to take a loan application, process and submit a mortgage loan package to a bank, from an applicant here illegally, and without a   green card.   In fact, I personally have turned away much business and potential profit as a result of this regulation.

 Yes, I would say that a separate set of rules apply to the rich banks, allowing Corporate America to get richer. Whereas, the working class, self-employed, entrepreneur - Mortgage Brokers, bring much business to the banks.  The Mortgage Banker provides the bank the client, prepares and provides the bank all of the proper documentation and acts as a independent contractor, loan consultant to and for the bank. 

 A slap in the face, is what Mortgage Brokers receive for following the laws set forth by our regulators.  If unethical business practices and breaking laws is what it takes to be rich and successful, then I will redefine success.   

 Our founding forefathers started this nation on the concept of entrepreneurial spirit and free enterprise.  In fact, on the currency now in place, it reads, “In God We Trust.”  This would mean that we are to be reminded each day we circulate money that it is important to do so with a high set of standards that we maintain and have to answer to a higher authority.  Some would say that America was a built on the basis of a Christian nation.  Not sure that our founding fathers would be very proud of the direction this nation has led us on how to earn the almighty buck!

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