Mortgage Reform, Bailouts and Fractional Reserve Banking (Part 1)
My opinion and ideas about how to fix the real estate bubble. For more information on fractional reserve banking google "Modern Money Mechanics" The mortgage industry has us paying banks way to much money and interest for our place to live on this earth. Something that should be free and a god given birthright in my opinion. I tried to explain this in simple terms but fractional reserve banking is a mess. I hope I was clear. What do you guys think? One of my biggest pet peeves is when people refer to the "financial crisis" like it's some sort of natural disaster. Many bankers talk about the real estate market turning around like this bubble was based on natural cycles rather than fraud, greed and usury.
View Count: 1 Date: February 22, 2012
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wasy35 February 22, 2012
The people should be bailed out not banks!!!!