Are you confused about mortgages? Good. At least you know you are confused. The global economic system has been collapsed by people who were confused about mortgages and didn't know it. Whose fault was it? It was the fault of the sub-prime home buyer. It was the fault of the sub-prime mortgage broker. It was the fault of lazy financial advisors who put their client's money in asset backed paper that turned out to be worth whatever recycled paper goes for and no more. But mostly it was the fault of the private, for-profit company that manages our money supply - the Federal Reserve Bank. Indepth article about geld lenen met bkr in Dutch.

The Federal Reserve is the party most responsible for destroying the global economy. This private corporation, charged by Congress with managing our money supply, cannot be trusted. When Jon Stewart repeatedly asked Jim Cramer, "Who thought a 30-1 leverage was a good idea?" he was referring to the Federal Reserve upping the deposit-to-loan ratio to 30-1 for American banks. The answer to who did it, Jon, is: The Federal Reserve Bank. Congress must replace the FRB.

Mortgage contracts were made with such low standards that mortgage brokers tried selling a subprime mortgage to every living, breathing person they spotted.. Millions who trusted their financial advisors had no idea there money was getting tied up in mortgages to unqualified people.

These shaky mortgages were then bundled and sold to financial firms as 'asset backed paper,' the now infamous 'toxic assets' we, the taxpayer, are buying from the banks. An other word for a so called toxic asses is a liability. And that's what the governement is buying. Your tax money is being used to the American government.

Finally, the people who sit and tell CNN cameras that they didn't know that they had an adjustable rate mortgage are simply too stupid to own a home. I cannot conceive of people so clueless that they make the largest financial commitment of their lifetimes without reading the document they are signing - or at least paying a lawyer or advisor to do so. Does that sound pessimistic? Good, because if you are not pessimistic now, you are a fool.