Holocaust Survivor Cleans Up On
Foreclosures
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Countrywide ex-president's profit from home loans gone bad
Stanford Kurland, Countrywide's former president, and his new
company have been buying up delinquent home mortgages that the
government took over from other failed banks, sometimes for pennies on
the dollar. Its biggest deal has been with the Federal Deposit
Insurance Corp., which it paid $43.2 million for $560 million worth of
mostly delinquent residential loans left over after the failure last
year of the First National Bank of Nevada.
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How Does It Work?
Abe lent you $400k to buy a home, you went broke, and then Abe
forecloses. Now Abe goes to the Federal Government says his bank is
broke. The FDIC bails out the bank, and assumes the mortgages. Next
your mortgage is discounted to $25k, and Shem buys them in giant lots
from the FDIC.
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Just A Two Hundred Years Ago
These Zionists slithered out of lower Russia and infested eastern
Europe. They went from Rag Peddlers to running the world's
governments.
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The Key Is The Banks
They started with the Federal Reserve in 1913, which allows them to
control the direction of the economy. Then in 1933 Roosevelt passed the
'New Deal' and handed out the bank charters to his fellow Zionists.
When you control the banks, you have a license to steal. When Izzie
saw the economy going south there was only one way to unload his strip
mall, and that was a sale. Thank God that Jake Colonstein could get the
necessary $50 million from a friendly bank. Is it Jake's fault the
economy tanked, and he defaulted?
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