A Reverse Mortgage Is A Government Insured Program?
I just heard this on a TV commercial......UNBELIEVABLE.........
It explains a lot and how government is transitioning America into the Digital Age.......and what is helping to maintain spending in the last days of the Industrial Age....as the taxpayers are now funding the lending to our cash strapped impoverished seniors.
Government is now subsidizing banks draining down equity in homes of the elderly......and the bankers are getting commissions to do it. How desperate are our politicians to maintain the illusion so they can continue to get ridiculous salaries?
Barney Frank, Chris Dodd, Nancy Pelosi......and the rest of the lot.....this is what we call representation.....and this is not intended to be a partisan issue....BOTH sides are equally culpable.
After spending a lifetime paying off your mortgage and building equity....the government will subsize your draining it back down to nothing before you die....just so you can continue to spend on nonsense you probably don't even need......especially those toxic products that the same bankers want to sell you.
The backlash from this will be strong once it implodes......there will likely be very little credit/debt in the Digital Age.
And some of you are banking on the current system to fund your retirement? This is what economist call a recovery?
It is time to stop being sheep........and start eating sheep.