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A new movie is coming out based on the subprime debacle. It's the Firm part 2 with seasonings of the murderous misfeasance seen in Michael Clayton. Read the following: . New York is about what we say, what New York; New York. We should be able to get it wrong and still have our authority...because its New York. Just tell the Senator from Iowa, pat him on the back and walk off in his nightmare because its New York. How can I have authority if I can't be a big f$($k up and still be accepted..still have my authority. Its big. New York is about authority and it doesnt have to make sense. But, we did it. Look at the subprime mortgages, Black Monday terrorist scandals and many other debacles. The point is there was a move toward de regulation in the late 90's that caused a gap between mortgage loans and the customer's ability to pay due to unusually high interest rates levied after six months of the unusually low interest rate. The owner loses his home maybe or maybe he rents it out to someone to cover the payment. The point is, who wins? A subprime mortgage is not soo much of a problem when every citizen has $60,000.00 in US funds per year. But, it is a problem if you offend the usury law. It's illegal and any illegal contract is void in law as if you never signed it. Ask the politicians. In any event, the issue with the mortgage was a government obligation to protect the market and the public. People could owe you more money than usual on a 30% interest rate mortgage in Iowa or in Minnesota, But, it does not mean they can pay and the mortgage may fail as a binding contract as it fails the usury law. He who comes to the table of equity must come with clean hands and where there is a conflict between law and equity, equity prevails bro! There is a movie coming out on this situation very soon; American population cleansing, war crimes and genocide with the disappearance of home owners just to pirate their down payments and to pirate their cause of action as every mortgage contract amounted to one indictment if and when it offended the usury law. The government owed a duty of care. Deregulation is a breach of that duty. Certainly Dorset Yacht v. The Home Secretary provides a line of cases confirming that there is sufficient proximity to see there is a duty in this scenario for which damages must be paid with no "policy" exceptions. The government owes the duty. Politics and the buying of political support cannot undo the constitution and legal necessities designed for market protection. The police authorities with the military will police against this and what is the point if they dont. As an example, We are not choosing a President to tell us or decide whether the North American Life, lives and economy are worth a normalcy involving a non socialist universal unconditional minimum income support which is really capitalist and just as logical as hot and cold running water. The Democrats are not socialist. Japan and Germany are not socialist. They are intelligent. England is intelligent. Vermont is not socialist. The Democrats are not socialist. Instead, we are choosing a President who can find more creative ways to take up the office and move it back to relevancy as the office has been redundant now for quite some time when the majority of the years since 1944 are characterised as the under utilization of the National revenue generating potential occasioned by an unusually low sales tax, less than 20%, and the failure to implement a universal minimum income support to ensure sufficient transactions to keep the infrastructure busy, utilised and the people participating as automation leaves the humanity and the generation of a buying public and population up to you since your population disappears rather often when you dont see and agree that , after automation, people need money and hence,you see the continued cycle of a dying population and on-going "replacement population" immigration. There is nothing wrong with immigration in any economy whether it's a dying economy with dying people whose deaths are occasioned by decided social policies that "fail to act" and, hence, are decidedly genocidal. Warren A. Lyon, Screenwriter.
