The Fed Now Owns Your Foreclosed Property Under QE3 Purchases of Toxic Assets

By Susanne Posel
theintelhub.com

On ABC’s “This Week”, George Will, columnist for the propaganda news outlet The Washington Post, spoke out against Chairman of the Federal Reserve Ben Bernanke and his decision to instill QE3 which is essentially, “the government printing money.”

Will pointed out that this latest move is covert “trickle-down economics” where citizens are forced to invest in equities in order to continue to prop up the economy to perpetuate the false sense of reality that the American public lives under.

Last week, Bernanke announced that the Fed would purchase $40 billion in toxic assets, called mortgage-backed securities, per month. While this scheme will devastate the US dollar’s value by the very act of printing more money, there is a secret bailout of certain financial institutions occurring under the radar.

QE3 serves as a “regressive redistribution program” for the banksters who are enjoying a surge in their wealth under current economic conditions.

The Federal Housing Finance Administration (FHFA) recently announced that “strategic defaulters”, i.e. those homeowners who have abandoned their mortgage because they could not continue to make the monthly payments, will be jailed for this “crime”.

The FHFA oversees Freddie and Fannie Mac, the mortgage corporation owned by the US government.

The FHFA are focusing their efforts on criminally persecuting all American citizens “who abuses the FHFA programs” by walking away from their foreclosure.

Statistically speaking, according to the FDIC:

• 1 out of 200 homes will be foreclosed upon
• 250,000 new households enter foreclosure every 3 months
• 6 out of 10 homeowners are delinquent on their mortgage

Morgan Stanley is the financial institution that took in the mortgage-backed securities and offered their derivatives across the global market.

Recently, Morgan Stanley’s stocks have been dramatically dropping which has been blamed on securitized loans and derivatives as to the cause of this plunge into insolvency.

This reversal of the crash of 2008 ensures that the banksters get paid and the propping up of the stock market continues while subversive measures committed today will cause the fall of the American economy in a few short years.

Freddie and Fannie were given $187 billion by the taxpayers to keep them afloat and the FHFA has now begun sending out their investigators to seek out so called strategic defaulters in a fear-mongering campaign to ensure homeowners remain in debt to the banks and ultimately the US government, all under directives given by the central banking cartels.

These people are described in the mainstream media as being squatters in their own homes; living off the government’s dime by refusing to pay their mortgage in an attempt to shift the social consciousness from sympathy toward those losing their homes to the technocrat created mortgage-backed securities scandal to demonizing them as dead-beats and freeloaders.

Heath Wolfe, assistant general for audits at the FHFA, views these victims as schemers who deserve to be punished.

Wolf explained: “We are working with Fannie and Freddie to build a mechanism [to identify strategic defaulters].”

The American public will now be forced to serve time in debtor’s prison for purposefully abandoning a mortgage mess they were coerced into participating in by the very banks that are benefiting from the Fed’s purchase of mortgage-backed securities.

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