sdr/SDR, how can this not be fraud???

[CA renter]

Does working for the second-largest school district in the nation count?

Before that, I was a trouble-shooter for a group of companies that employed thousands of people. Not super-large, but large enough to know that while it’s difficult to change things, it is NOT impossible.

The reason for my suggestion is not only to help eliminate/reduce fraud, but to ensure that taxpayers are not shafted once again by those who have connections to “the right people.”

It would reduce fraud, increase transparency, save money, and enable true, market-based price discovery for ALL assets that are owned, subsidized, guaranteed, or controlled by the government.

[pemeliza]

“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”

What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.

[pemeliza]

“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”

What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.

[pemeliza]

“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”

What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.

[pemeliza]

“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”

What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.

[pemeliza]

“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”

What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.

[patientrenter]

It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.

[patientrenter]

It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.

[patientrenter]

It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.

[patientrenter]

It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.

[patientrenter]

It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.

[sdrealtor]

A quick note CA R. I dont disagree with any of your ideas nor do I think you lack one bit of brain power. I just have seen enough to know that although what you propose seems simple and rational it does not mean it would work. I have had approved short sales where the buyer walked and I had to go back and get it reapproved for a higher priceed new offer. How much easier could that be? Just change the name on the approval and get even more than they alreadya greed to. I have seen these requests take over a month just to get an acknowledgement. These wonderful systems to control everything that you propose create incredible barriers to getting things done. I have seen it over and over again. The real problem is not the fraud, its the lenders inability to process these things. If they had turned it around quickly the loss would have decreased. By taking 6 weeks to turn it around they increased the loss.

The other problem is that the seller is still the legal owner. With REO’s the banks own them and could do something like that more realistically. The problem with REO’s is that the big REO agents have buyers lined up with them waiting for good deals. It is very easy for them to insert their own buyer in them which I have seen happen over and over again.

[sdrealtor]

A quick note CA R. I dont disagree with any of your ideas nor do I think you lack one bit of brain power. I just have seen enough to know that although what you propose seems simple and rational it does not mean it would work. I have had approved short sales where the buyer walked and I had to go back and get it reapproved for a higher priceed new offer. How much easier could that be? Just change the name on the approval and get even more than they alreadya greed to. I have seen these requests take over a month just to get an acknowledgement. These wonderful systems to control everything that you propose create incredible barriers to getting things done. I have seen it over and over again. The real problem is not the fraud, its the lenders inability to process these things. If they had turned it around quickly the loss would have decreased. By taking 6 weeks to turn it around they increased the loss.

The other problem is that the seller is still the legal owner. With REO’s the banks own them and could do something like that more realistically. The problem with REO’s is that the big REO agents have buyers lined up with them waiting for good deals. It is very easy for them to insert their own buyer in them which I have seen happen over and over again.

[sdrealtor]

A quick note CA R. I dont disagree with any of your ideas nor do I think you lack one bit of brain power. I just have seen enough to know that although what you propose seems simple and rational it does not mean it would work. I have had approved short sales where the buyer walked and I had to go back and get it reapproved for a higher priceed new offer. How much easier could that be? Just change the name on the approval and get even more than they alreadya greed to. I have seen these requests take over a month just to get an acknowledgement. These wonderful systems to control everything that you propose create incredible barriers to getting things done. I have seen it over and over again. The real problem is not the fraud, its the lenders inability to process these things. If they had turned it around quickly the loss would have decreased. By taking 6 weeks to turn it around they increased the loss.

The other problem is that the seller is still the legal owner. With REO’s the banks own them and could do something like that more realistically. The problem with REO’s is that the big REO agents have buyers lined up with them waiting for good deals. It is very easy for them to insert their own buyer in them which I have seen happen over and over again.

[sdrealtor]

A quick note CA R. I dont disagree with any of your ideas nor do I think you lack one bit of brain power. I just have seen enough to know that although what you propose seems simple and rational it does not mean it would work. I have had approved short sales where the buyer walked and I had to go back and get it reapproved for a higher priceed new offer. How much easier could that be? Just change the name on the approval and get even more than they alreadya greed to. I have seen these requests take over a month just to get an acknowledgement. These wonderful systems to control everything that you propose create incredible barriers to getting things done. I have seen it over and over again. The real problem is not the fraud, its the lenders inability to process these things. If they had turned it around quickly the loss would have decreased. By taking 6 weeks to turn it around they increased the loss.

The other problem is that the seller is still the legal owner. With REO’s the banks own them and could do something like that more realistically. The problem with REO’s is that the big REO agents have buyers lined up with them waiting for good deals. It is very easy for them to insert their own buyer in them which I have seen happen over and over again.

[Author]

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