I have two primary mortgages on two homes, No seconds. one is with CitiMortgage and the other is Counrtywide. Conventional 30s and the kicker is that both corporations keep calling me to refinance at a higher rate. My personal income is far below the national average. I’m in debt to the tune of $260K I have unsecured credit of nearly $23K available and yet my credit score is 712.

I pay my bills, I pay cash and I pay off my credit card charges within 23 days of incurring the debt. If I get the feeling that a creditor is trying to take advantage of me (Like trying to raise my APR or lowering my available limits) I close the account and apply elsewhere. No one has ever turned me down for a loan and I have never accepted any credit agreement that contained language designed to separate me from my money.

Typically the very people who are at the highest risk of default in a financial transaction are offered the least favorable terms. So WTF are people who hold advanced degrees and who work in the finance industry not being held accountable. Those loan officers and bank managers that got paid very well to close on those loans should be required to pay for this stinking festering puss filled sore of mess. I’d go after every signatory and agent who had the lapse of reason to even consider offering a sub-prime loan to people who had no demonstrable way to make the payments required.
I’ve worked in the credit challenged market selling phone services and had to sweat the end of month collections from dead beats. I gave that job up knowing that there was no honor in suckering people into contracts that all but guaranteed a defaulted loan.

Guess what America,
I blame Bankers (especially), Realtor, Builders, Politicians, Municipalities, Foreigners, Aliens -Domestic and Cosmic, lawyers, doctors, paediphiles, Martha Stewart, Al Bundy, the Cartoon Network,and most of all the guys who write for SNL. You know who you are.

The few I hold harmless are most cops and those members of the armed forces that had the unfortunate luck of earning a Purple Heart, and children under 18 – Can’t vote yet.

My believing that the people running the American financial systems has morons in the family tree is an understatment.

1. Make the absolute minimum payment on any outstanding loans.
2. Do not make your loan payments until the day they are due. – Don’t be late of course
3. Withdraw all of your cash from your bank account. – Close your account
4. Do not use cash for any purchases – Use your Credit Cards instead.
5. Exercise your consumer rights to request a loan deferment on your mortgage. – Do not pay down your mortgage principal. If you can borrow more money from your bank then do it. Better still float (kite?) a big check.
6. Hold off making any significant retail purchases for as long as you can.
7. Do not pay any federal taxes until the very last due date. – Change your W9 form
8. Vote for Ron Paul – He’s about as popular as a Moose at a tea party but he’s been warning us about this crap for years.

Sound familiar?
That’s how many financially stressed families get by every day.
- Except for voting for Ron Paul of course.

OR Just ask Ben Bernanke or Barney Frank D-MA or even Christopher J. Dodd D-CT to loan you a few million $$. They seem to think that printing up a few trillion greenbacks will solve everything.

You will at least stay warm this winter by shoveling the mountain of money you’d have in your back yard into your furnace.

Beware though as the IRS will take a dim view of your attempts to hide your assets in that manner so make sure you keep good records for how much you burn.

The U.S. is creating sham accounting to deal with their problems. This will cause the world to flee as no one can trust what the American accounting system stands for.