Demons & Dialog

Exposing hidden news, history, & the new world order

Banking’s Systemic Subprime Subterfuge

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Every time this little bit of dishonest, fraudulent dealing occurs in some tiny little corner of the financial system, a small amount of trust is destroyed and ripples out far beyond that bank and the customer it is stealing from, magnified beyond recognition as it touches huge numbers of other people. A good example of the cumulative effect of this is the ‘sub-prime’ mortgage. This is a farce. An artificial construction by banks designed to milk outrageous amounts of money from people unable to defend themselves from what amounts to blatant fraud in a form the law describes as ‘conversion’. The banks deliberately set out to create this type of mortgage because it is more profitable than the old fashioned type based on honest trust and fair dealing which no longer provided enough profits to fuel the bank’s rapacious greed. This is how it is done……..

http://yourmortgageoryourlife.wordpress.com/2009/02/16/bankings-systemic-subprime-subterfuge/

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Written by Michael Cooper

February 17, 2009 at 7:07 pm

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