Mortgage Meltdown: Who is to Blame?

Mortgage Meltdown: Who is to Blame?

In a word: everybody. Right now we need to put that aside and get to correcting the problem. Articles are coming fast a furious about “fraud” against the banks. See the latest LA Times articles where Lehman Brothers got stuck with an inflated price and a borrower whose paper net worth was not worth the paper it was written on. 

Dig a little deeper though and you will see that all this never happened before because people were exercising judgment — and the reason they were exercising judgment is that they were accountable. Everyone was in on this fraud and everyone knew everything. Nobody said anything because each one thought they were getting a piece of a pie. The fact that the pie didn’t exist was snowed over by dreams of riches beyond their wildest imagination. 

Now, because government moves so slowly, and events are moving so quickly, we have to build an infrastructure that will enable people to fight back on their own, collectively and with other groups, including government law enforcement. It isn’t fair. We should be able to rely on our government to protect us, but it is a fact.

Many thanks to the immediate response and support we are receiving on building GTC | Honors. The book orders are coming even before we set up payments on PayPal, Visa and MasterCard. A few cynics are complaining that this is a money making venture. Do the Math. You’ll see that the cost of setting up a grass roots infrastructure to reverse the meltdown, save the dollar, and re-start the economy by energizing innovation will cost thousands of times more than anything we can raise. Our hope is that thousands of other people will be moved to do the same thing — people like myself who after living 61 years have something to offer in terms of knowledge, experience and good strategic thinking. 

To order Garfield’s HandBook for Borrowers in the Mortgage Meltdown, contact us at ngarfield@msn.com. $19.95 for digital (email), $24.95 for hard bound). Automatic Updates digitally for 60 days. 

Happy New Year to all our readers, and good luck in the coming year. We’re all going to need it!

3 Responses

  1. That is very important section. You are possibly that a good broker. Thanks.

  2. When is the handbook available?? This has been the most enlightening sight yet! 200 x Rockefellers is what’s needed. Trust and stability after the collateral damage. Thanks a million for the brilliant insight. I appreciate people who write something worth taking a look at!!

  3. […] Mortgage Meltdown: Who is to Blame? A few cynics are complaining that this is a money making venture. Do the Math. You’ll see that the cost of setting up a grass roots infrastructure to reverse the meltdown, save the dollar, and re-start the economy by energizing … […]

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