Reverse Mortgages

head_left_image

COMMON SENSE SPOKEN FROM A GOVERNMENT REPRESENTATIVE!

Good common sense speak from a government rep - thanks Lenn for sharing and letting us know at least someone in higher government has a clue! :)

ELIZABETH WARREN, CHAIR OF THE CONGRESSIONAL OVERSIGHT PANEL.

Professor Warren has been a voice of sanity among the purveyors of a preponderance of prepared, befuddled, concealing, deceiving, whitewashing and self serving statements from Congress and the Executive offices charged with representing the American home owners.  Or, do they really represent us?

This morning I heard a statement from the mouth of a government spokesperson that resonated as so simple, so pithy, so true, it bears repeating.

"The American economy will not recover until the American home owners can recover."

IT WAS A VOICE IN THE WILDERNESS!

Professor Warren clearly understands that the key to the recovery of the economy rests on the American consumer.  No doubt she also understands that no economy can reach the productivity goals and expectations of the prognosticators when about 20% of the American consumer has been literally taken out of the economy in order to pay for a home that is draining the life blood from their budget, by loss of credit due to loss of home, loss of income due to loss of job and so much more injury to the American consumer. 

Wall Streetis not the American economy.

The banks are not the American economy.

The consumer is the American economy.

                                 Family

                                      "Honey, are we going to be able to recover from our financial mess?"

                                        "Perhaps Dear, if the folks in charge ever begin to think about us."

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

E-mail Steve Subscribe via E-mail Twitter MeFaceBook Me RSS Feed LinkedIn Me  

Treasury Mortgage - 550 Bridgeton Pike, Mantua, NJ 08051 - 1810 Springdale Road, Cherry Hill, NJ 08003

Licensed by the NJ Department of Banking and Insurance

Comment balloon 2 commentsRichard & Carol DeGrace • July 10 2009 10:03AM

Comments

Hi Steve: Good re-blog, I read the title and thought to myself - isn't that an oxymoron?

:)

Posted by Matt Listro, Your Credit Repair Expert (National Credit Fixers - Matt Listro) almost 8 years ago

You and me both.

Posted by Richard & Carol DeGrace, Mortgage Loan Officers NJ 609-209-3700 (1st Colonial Community Bank | Bank - New Jersey) almost 8 years ago

This blog does not allow anonymous comments