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FREELOADERS: A John Stossel Fox News Special

some of the footage was us in the old freeloaders in 2006 on 20/20 you can see it here at http://www.youtube.com/watch?v=4teq7aKTNJ4 at the end of the clip

Some Americans actually make a living … begging for money. Professional panhandlers, they’re called, sometimes making more than $100 in a day. I tried it in Manhattan, and made over $11 in one hour—that would be $23,000 a year—tax free!

It’s a small example of why some said that the USA is turning into a nation of freeloaders. The Manhattan Institute’s Heather MacDonald says that beggars she’s encountered “have the most deep-seated sense of entitlement that I’ve ever come across.”

From those defaulting on their home mortgages, to those who see lawsuits as a lottery ticket, many Americans live off the hard work of others.

I look at how government turns people into freeloaders Did you know that any black person who has farmed or “attempted to farm” can collect $50,000 from the Federal government? “Attempted to farm could mean anything,” says black farmer Jimmy Dismuke, “My little three year old grandson could attempt it.”

We’ll introduce you to a woman who hasn’t paid her mortgage in 25 years… and doesn’t ever intend to. I confront the founders of “youwalkaway.com”, a website dedicated to advising people on how to walk away from their home mortgages .

Some of America’s biggest recipients of handouts are rich people. The biggest corporate freeloaders may be the biggest industrial corporation in the world: General Electric.

General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama’s Economic Recovery Advisory Board. He’s a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

I’ll also reveal some of my own freeloading. Federal flood insurance is a freebie for those of rich enough to have waterfront property, I collected on that. People like Bon Jovi and Bruce Springsteen take advantage of tax benefits that are supposed to help farmers.

Is America becoming a nation of freeloaders?

Duration : 0:10:27

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Technorati Tags: Alex, america, American, banks, Budget, Conspiracy, control, corruption, Democrat, Economic, Economics, federal, First, FOX, freeloaders, Government, Greed, Homeless, homelessness, Indians, indigenous, inforwars, John, Jones, liberal, Nation, native, new, news, NWO, obama, Order, Politics, racism, racist, recovery, Republican, scandal, Special, Stossel, welfare, world

FREELOADERS: A John Stossel Fox News Special

some of the footage was us in the old freeloaders in 2006 on 20/20 you can see it here at http://www.youtube.com/watch?v=4teq7aKTNJ4 at the end of the clip

Some Americans actually make a living … begging for money. Professional panhandlers, they’re called, sometimes making more than $100 in a day. I tried it in Manhattan, and made over $11 in one hour—that would be $23,000 a year—tax free!

It’s a small example of why some said that the USA is turning into a nation of freeloaders. The Manhattan Institute’s Heather MacDonald says that beggars she’s encountered “have the most deep-seated sense of entitlement that I’ve ever come across.”

From those defaulting on their home mortgages, to those who see lawsuits as a lottery ticket, many Americans live off the hard work of others.

I look at how government turns people into freeloaders Did you know that any black person who has farmed or “attempted to farm” can collect $50,000 from the Federal government? “Attempted to farm could mean anything,” says black farmer Jimmy Dismuke, “My little three year old grandson could attempt it.”

We’ll introduce you to a woman who hasn’t paid her mortgage in 25 years… and doesn’t ever intend to. I confront the founders of “youwalkaway.com”, a website dedicated to advising people on how to walk away from their home mortgages .

Some of America’s biggest recipients of handouts are rich people. The biggest corporate freeloaders may be the biggest industrial corporation in the world: General Electric.

General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama’s Economic Recovery Advisory Board. He’s a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

I’ll also reveal some of my own freeloading. Federal flood insurance is a freebie for those of rich enough to have waterfront property, I collected on that. People like Bon Jovi and Bruce Springsteen take advantage of tax benefits that are supposed to help farmers.

Is America becoming a nation of freeloaders?

Duration : 0:10:6

Read the rest of this entry »

Technorati Tags: Alex, america, American, banks, Budget, Conspiracy, control, corruption, Democrat, Economic, Economics, federal, First, FOX, freeloaders, Government, Greed, Homeless, homelessness, Indians, indigenous, inforwars, John, Jones, liberal, Nation, native, new, news, NWO, obama, Order, Politics, racism, racist, recovery, Republican, scandal, Special, Stossel, welfare, world

Mortgage Rates Explained, from http://www.RateAlertNow.com. Provides a free comprehensive look at how current home loan rates and points are set throughout each trading day including the most recent one. Explains how Federal Reserve Board Chairman Ben Bernanke acquired the nickname “Helicopter Ben.” Also offers a look at why you need to subscribe to guard against the potential for another round of higher rates on home loans including home financing, home refinance and home purchase as well as other residential real estate refinancing of all fixed rate mortgages from future economic releases and other influences today or tomorrow. Explains the benefits of an immediate real-time mortgage Rate Alert Service delivered via e-mail and/or mobile text messaging in real time directly to subscribers for less than one dollar a day at only $4.99 per week.

Duration : 0:3:27

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Take advantage of record low mortgage rates to save money on your housing payment. Here are two tips to be smarter when buying or refinancing your home.

http://ratesinmotion.com/2011/09/23/record-low-mortgage-rates-do-not-be-an-idiot-think-smarter/

Duration : 0:3:41

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Technorati Tags: 30 year fixed, buying, Historic, idiot, mortgage, news, Record Low Mortgage Rates, refinancing, Smarter, tips

FreedomWorks chairman Dick Armey talks about how subprime mortgages have affected home ownership and the economy — and why a government bailout would be a bad idea.

Duration : 0:3:0

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Technorati Tags: armey, congress, dick, economy, Freedom, FreedomWorks, mortgages, news, Politics, Subprime, works

The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global credit markets and insolvency threats to investment banks and other institutions. The United States director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, on September 7, 2008 announced his decision to place two United States government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by FHFA. United States Treasury Secretary Henry Paulson, at the same press conference stated that placing the two GSEs into conservatorship was a decision he fully supported, and said that he advised ‘that conservatorship was the only form in which I would commit taxpayer money to the GSEs.’ He further said that ‘I attribute the need for today’s action primarily to the inherent conflict and flawed business model embedded in the GSE structure, and to the ongoing housing correction.’ The same day, Federal Reserve Bank Chairman Ben Bernanke stated in support: ‘I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies.’
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Duration : 0:4:23

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Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.

Duration : 0:2:16

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Technorati Tags: augustine, bank, City, interest, Kansas, kmbc, lender, loan, low, martin, money, mortgage, news, rate, refinance

Sept. 12 – Albion Financial Group Analyst Jason Ware says Bank of America targeting employee costs is a good first step towards cost cutting, but the major investor concern is the overhanging mortgage business.

Duration : 0:5:17

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Technorati Tags: Business, finance, news, Politics, REUTERS

William Erby is the C.E.O. of Ocwen Financial Corporation, the Fla. firm is one of the country’s biggest servicers of sub-prime mortgages. Ocwen has had success keeping homeowners out of foreclosure by cutting mortgage principal.

Duration : 0:3:12

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Technorati Tags: cbsepisode, evening, mortgage, news, Ocwen, sub-prime

Aug. 22 (Bloomberg) — Frank Pallotta, a managing partner of Loan Value Group, talks about the increase in the percentage of U.S. mortgages overdue by one month.
The share of home loans overdue by 30 days rose to 3.46 percent of all mortgages, from 3.35 percent in the first quarter, according to a report today from the Mortgage Bankers Association in Washington. Pallotta speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

Duration : 0:4:50

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