Unjust Enrichment
In America, It Ain't No Theory
MORTGAGE BACKED SECURITIES
A bad idea for you. A bad idea for me. A bad idea for AMERICA
OUR GOALSave the World Overwrite? Y/N |
First Let'sDiscover
Take a walk through your neighborhood. Take a look at the foreclosed houses lying about, what we call REO, or Real Estate Owned. If your neighborhood is downtown Detroit, from Great Lakes Steel out west to 8 Mile in Inkster...you don't have a neighborhood to walk through! Every house is an REO! Nobody lives there! The air conditioners are gone, sold for the $20 of copper. The plumbing fixtures are gone, sold for the $5 yard sale value. The doors and windows are gone, from the few houses that have not been burned out or razed by the city. There are no school busses because there are no kids. There are no firemen because they have moved somewhere to get a job. There are no streetlights because nobody goes out at night. The REO properties are owned, because the banks have been paid their value or more. No people live here. One million people used to live there.
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Now let's WORKConserve
Yes, we are judicial activists. America is going in the wrong direction. There are wandering looters about. The looters fly over occasionally, on their way from somewhere to somewhere else. They would never visit a property. Their spreadsheet doesn't need a new water heater, an ornamental shrub, a coat of paint, a lawnmower; all of the things that bring prosperity to a neighborhood and give character and life. Each house generates fees to absentee owners, but the houses generate no future.
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IT'S UP TO USChange
In the absence of effective regulation of the crooks who run amok these days, we are taking a staff in hand. A shepherd leads, protects, guides and increases his flock, and grows wealthy. He maketh his flock to lie down in green pastures. He leadeth beside still waters. A slaughterhouse depends on a constant supply of flocks from all sources, and processes everything but the oink. A feedlot is not such a pleasant place. And Oy, the smell!
The balance is out of adjustment in America. We intend to restoreth the balance. America could be a Great Place! Again! |
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