No I am not aware of this fiasco.

Thanks for the Celente article.
I search for his vids. on YT.

Those properties that banks do not want are nearly always properties that need extensive work just to be habitable. I have never heard of a habitable home not being foreclosed on. Anywhere.

An inhabitable home is more expensive than a rental… as basic services must be assured by law in most states… you know those anti-slumlord laws. It used to be that lenders would turn these over to the local municipalities, but the municipalities don’t even want them… this would happen in places like Detroit.

What these people are doing is in other places like Florida where there is simply a glut at present price points. The only way to resolve that glut is to drop the price.

Everything can find a buyer; or in other words, there is nothing price can’t fix.

Chuck Ponzi

Wondering about your handle. You’re not one of the victims of Canada’s ABCP fiasco by any chance?

Yes we are in Socialism — specifically a command economy controlled by a committee of Wall Street IB lobbyists, no less. The coup took place just 7 years and 7 days after 9/11, but in the evening. At a closed door meeting on Capital Hill.

……………………………………………………
Doom V has lately started taking this organ of one of the more off-beat American religious factions pretty seriously. In this article, she sees them connecting some important dots between recent events in Europe (notably the G20 riots) and things like the above “Take Back the Land” initiative. Tomorrow’s Santelli astroturfing exercise is a neo-con joke, but it and Rameau’s much more serious effort could well be harbingers of things going completely out of control real fast if Obama doesn’t get his rear in gear right $#@% yesterday.

“Should Americans Prepare for a ‘Summer of Rage’?”, by Robert Morley, The Trumpet, April 14, 2009.

In November 2007, Celente told upi that the following year would become known as “The Panic of 2008.” Proven correct, he now paints a disturbing picture for 2009 and beyond. Celente says to expect food riots, squatter rebellions, tax revolts and job marches by 2012. “America’s going to go through a transition the likes of which no one is prepared for,” he said.

I have a problem with a “right to housing”. I agree with the reporter- it isn’t fair to the neighbors who are paying to have squatters who don’t pay.

There are reports now though, of homes the banks won’t foreclose on. There are homes that the banks simply don’t want. Rather than an illegal squatter program, selling these homes at a minimal cost, or donating them to groups that charge a minimal rent could be a better approach than what is going on now.

Banks can’t police all the empty properties, making squatters a problem. Perhaps a tax break for donated homes to homeless groups might help solve several problems.

Sorry that your contribution fell through the cracks

Doom’s a bit of a relay race and it would seem I fluffed the baton pass on that one.

Squatters

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12925208&ch=4226720&src=news

NO thanks to me?
Im so hurt. Who can I sue?
Laughs