Click To Visit SiteHello, my name is Steven and I’m going to detail a strategy used by investors and Wall Street insiders to exploit a "loophole" in the $787 Billion Stimulus Bill (TARP) allowing them to capture double digit profit rates of 16% to 36% – mandated by United States law!
Banks that took bailout money were supposed to use part of the taxpayer-provided cash infusion to help customers avoid foreclosure, but instead, many of them are using the tax-payer money to pad their own pockets!
As a result, the top banks are 23 percent larger than they were before the crisis. They now hold more than $8.5 trillion in assets, the equivalent of 56 percent of gross domestic product, up from 43 percent just five years ago. The banks now control 52 percent of all industry assets, up from 17 percent four decades ago.
Although the primary goal of the $787 billion bailout was to prop up struggling banks stung by the mortgage crisis, the government has criticized banks that took bailout money for not doing enough to help customers.
The U.S. Treasury Department has taken steps toward holding the mortgage servicers accountable by pledging to withhold bailout incentive payments to three of the largest banks – Wells Fargo, Bank of America, and JPMorgan Chase.
Banks, Wall Street Insiders, and Hedge Fund Managers don’t want you to know that they are using billions in tax-payer bailout money to capture these double digit profit rates where they receive 16%, 18%, 24%, up to 36% guaranteed by United States law.
Once you understand this powerful wealth secret you’ll be able to cut out the middle men (banks, hedge fund managers, wall street insiders) and capture these double digit profit rates just like they are.
They don’t want you to know this but for nearly 200 years they’ve been using your money to exploit this powerful investment strategy.
What’s more, this strategy is virtually unknown to all except a small percentage of the world’s wealthiest investors. Which is why it has attracted the attention of some of the biggest banks and hedge funds in the country including Bank of America, JPMorgan Chase, and Fortress Investment Group.
In the conventional mortgage market, lenders typically insist that an escrow account be set up to cover the costs of real estate property taxes and mortgage insurance. However, the vast majority of subprime mortgage loans that were made before 2008 did not include an escrow account.
Some lenders and mortgage brokers used the lower monthly loan payment amount without escrow to lure consumers into believing that the loans were more affordable. Many homeowners wrongly assumed the new loan would also have an escrow account and did not know that they would be responsible for making tax payments directly to the local municipality.
As a result of the subprime mortgage meltdown, thousands of counties all across the United States have millions of dollars in outstanding property taxes. Communities rely on the revenue generated from property taxes to… Read more…