Santa Clarita Home Affordable Refinance Program

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United States Economy Collapsing

Over 90% of America did not want to passage of HR3997. The US Congress was held at “Executive Gun Point” and told: “you either pass this bill or we will declare martial law.” The most painful part of HR3997 is the shift in the final bill. What was the shift? Unbeknownst to the American people, but, is that since September 20th, the $700 billion bailout bill signed into law by their President yesterday was expanded from its original 3 pages to a 451 page virtual novel of new laws virtually enslaving them to the foreign holders of their debt. In addition, there are reports circulating in the Kremlin today are stating that the first deployment of Chinas elite People’s Armed Control (PAP) under an agreement signed between the United States and China, and US Homeowners Soon To Be Evicted By Chinese Control Under New Law HR3997. Even more disturbing, these reports continue, are that these new laws not only give Chinese and European banks control over the mortgage debt of the American people, they now include their credit card balances, and which virtually the entire US populace have indebtedness to. To how absolutely chilling this new US law for the American people, titled the Emergency Economic Stabilization Act of 2008, Russian legal experts point out in these reports that: Section 101 (a)(1) establishes what is termed the Troubled Asset Relief Program (TARP) to which substantial parts of what the American people currently owe to their banks and financial institutions is to

Australian Market Report of October 8: Good Start for US Earnings Season

Wall Road clogged flat yesterday after the market rallied for two days. Traders turned alert before the third quarter earnings kick off. Alcoa (NYSE:AA), the first company to tell its earnings, posted a better-than-expected result with third quarter net income of US$77 million, after three consecutive quarters of losses. The Australian market surged yesterday led by gold stocks after the strong commodities prices. The benchmark S&P/ASX200 index gained 104.1 points, or 2.27 per cent, at 4695.7, while the broader All Ordinaries index climbed 98.6 points, or 2.14 per cent, to 4695.8. Key Economic Facts and Figures The number of housing-finance approvals in Australia fell 0.6%, seasonally adjusted, in August from July, the Bureau of Statistics said. Economists on mean had expected a fall of 1.0% in August. The Australian Bureau of Statistic releases labour break down data for September on Thursday. M&A News It is reported that US private equity firm Oaktree Capital Management and local developer Grocon have made a friendly bid for the debt-laden Multiplex Prime Property Fund (ASX:MAFCA), with a A$109 million cash and hybrid security offer. The go by the consortium would result in Grocon taking over the management of the Multiplex Prime. Australia’s Foreign Investment Assess Board (FIRB) has questioned Baosteel Group Corp. (SHA:600019), China’s largest steelmaker, to resubmit its application to take a stake in junior coal and iron ore group Aquila Resources Ltd. (ASX:AQA