About the Author
Moe Bedard is a leading expert and trusted authority in regards to loan workouts and loan modifications. Moe is the founder and President of Loan Safe Solutions, LoanSafe.org and the main contributor to LoanWorkout.org. He has blogged on this subject more than any other person on earth and has personally been involved in over 300 loan workouts and mortgage audits.
White House Says Bush Will Veto Senate Housing Bill
It looks like our president is more worried about saving his boys on Wall Street, like the $35 million dollar bail out of Bear Stearns , then helping millions of suffering homeowners who are losing their homes.
The White House says President Bush would veto a foreclosure rescue the Senate began debating Thursday.
Administration officials object to the federal government helping states buy foreclosed property and don’t like having Fannie Mae and Freddie Mac pay for the rescue.
Two GOP senators said they’ll try to block the broad housing package until a committee can investigate how much Countrywide Financial Corp. stands to gain from it.
Attention Washington: Countrywide is a sinking ship that has really already sunk. It is just really a mirage in the foreclosure desert held up by propaganda, and funny accounting allowed by the SEC. It’s just buying time until the glorious US government comes in with a US citizen tax based bill to bail them out, and Bank of America can take over their massive portfolio and rule the world!
My best advice is to examine their books, demand accurate and real time accounting on their “actual losses,” and do not let the B of A deal proceed until this mortgage and housing crisis is over.
I think you will find that Countrywide was made the #1 lender by selling snake oil, and all the other lenders just jumped in line. The ever creative boys on Wall Street sweetened the selling power of this oil by dilluting it in CDO’s and SIV’s. They fill their snake oil coolers to get in on the action, and sell these toxic invetments across the world.
By the time this is all said and done, special mortgage deals for our senators will be the least of our worries.
Banking Committee Chairman Christopher J. Dodd, D-Conn., and Budget Committee Chairman Kent Conrad, D-N.D., were part of a Countrywide program that gave cut-rate mortgages to influential people.
The move, if successful, would send the housing package back to Dodd’s panel, essentially killing it.
Popularity: 2% [?]
Did they change the terms of your loan to an arm? This is too risky 
How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ... 
Jul 3rd, 2008 at 7:29 pm
Dear Mr. Bedard:
I just ran across an article you wrote on Loan Safe Solutions entitled White House Says Bush Will Veto Senate Housing Bill posted June 24, 2008, http://loanworkout.org/2008/06/white-house-says-bush-will-veto-senate-housing-bill/, and I would like to raise an issue that is of concern to Selling Power magazine, which is the use of our trademark.
The word “Selling Power” is sometimes erroneously used as a synonym for sales effectiveness. For example your article states: “…the ever creative boys on Wall Street sweetened the selling power of this oil by diluting it in CDO’s …” We do not condone such uses of our trademark.
As a practical matter, when you describe sales effectiveness, there are a wide range of terms available such as: sales excellence, sales savvy, sales mastery, sales acumen, sales efficiency, and many more.
The reason for this letter is to educate writers like yourself that we want to protect our trademark, since we don’t want to risk Selling Power being declared by the courts a generic word. Therefore we ask you not to use Selling Power as a phrase since it is our legal trademark.
We would like to receive a written acknowledgment of this letter stating that you will in the future identify Selling Power as a trademark if you should write about our magazine, and not use Selling Power as a phrase. If we do not hear from you, we will need to take further action.
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All the best,
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GG:ts