FORECLOSURES: THE OTHER CALIFORNIA WILDFIRE

Less dramatic than the wildfires is the foreclosure tidal wave that's overtaking California.

* Over 700 families lose their home EVERY DAY

* "Nice" neighborhoods where every other house is vacant

* Families walking away from their homes leaving all the furnishings

It's mind boggling...



Contrary to anti-social, right wing propaganda, "sub-prime" loans were not made to help poor people get their first homes. They were created to help new home builders, especially in states like California, Nevada, and Florida, sell out their new home inventory at super-inflated prices.

Home buyers were told by the Fed chairman...by the President...by Fox News...by every idiot financial reporter on TV...that the loans they were taking out were a "good deal." The loans were very simple:

Very little down, very low payments and then, a few years out - when theoretically the property would be worth much more - the monthly payments would rise dramatically. The idea was that long before then the home buyer would have sold out at a handsome profit and moved onto their next home. Free enterprise at work.

It's easy to call these people foolish, but they are really the victims of a scam.

The home builders got paid lavish premiums for their inventory...real estate companies and loan brokers got rich from these sales...the Wall Street banks that packaged these scam loans and sold them throughout the world made hundreds of billions of dollars...and the psychopathic Bush administration got to fund its wars without raising taxes based on the illusion that the economy was good and could afford it.

Now the chickens are coming home to roost.

This is EXACTLY the same scam that Bush Sr. ran in the 1980s using the Savings and Loans real estate fraud bubble to pay for the Contra war and God only knows how many billions he and his fellow crooks siphoned off on the side. Bush Sr. even had the same Fed Chairman Alan Greenspan running the central bank. The only difference is this disaster is 1000x larger.

The California Wildfire Scam

Deliberate Ineptitude

It was only four years ago almost to the day that we experienced the Cedar fire, which at that time was one of the biggest fires in California history. After investigation it was proven to be Arson.

Every year at this time the weather in Southern California becomes very dry and dangerous for fire. You would think our government agencies would have learned something from it. You would think that in four years... they would have figured out how to be prepared for this, but as you can see, the response has been totally inadequate. The numbers are staggering whether you are talking about money, homes, animals or the environment. It's all devastating.

There is no reason for these fires to be so out of control. Governor Arnold ("my Dad was a Nazi") Schwarzenegger knows it and so does George Bush (grandson of a Nazi bagman and banker.) The technology exists RIGHT NOW to knock these fires out with minimal loss of life and property. Instead, the government crooks play at being "leaders," praising the (very real) heroism of the fire fighters (how 9-11-like).

Did this tragedy have to happen? The answer is -- No. The technology to put out these monstrous fires already exists, but "our government" refused to use it in 2003, because it was made in Russia. Years ago, the Russians adapted a massive transport plane that is designed to combat just such fires. The Russians designed the Ilyusian IL76 Water-Bomber plane with the capacity to carry 16,000 gallons of water, able to put out a fire the size of 10 football fields lined up end to end, in fifteen seconds. Reloading is fast and easy and cheap.

Instead, on TV we see little wisps of EXPENSIVE and ineffective chemicals being dropped and the fires getting larger and larger. What's going on? Why did we refuse it then? Did politics and historical animosity get in the way of saving our land, our animals, and our homes? Why was it not called in for this fire?

These are questions that the citizens should be asking Governor Schwarzenegger and their other Government representatives. Wake up Californians, and start asking the tough questions.

While you are asking, here is an article you can read about the offer from Russia to have two planes available on notice to anyone who asks:

Big Russian Waterbomber Refused by Embattled U.S. Forest Service