
The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds.
These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.
You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.
“Sheriff Thomas Brown said police used “intelligence” to wait until the activists were not present at the home to guard it, and neighbors were asleep, to serve the unprecedented eviction, which includes kicking out Frazer’s 85-year-old mother and 3-year-old grandson. Occupy alleges that police refused to allow Frazer to shower or for her elderly mother to get dressed and told Frazer to behave as if it were a fire drill.
Adding insult to injury, the police then rounded up her dogs and took them to the pound.
Again acting as though a major crime was going down, police blockaded the neighborhood and wouldn’t allow anyone to secure the family’s valuable personal belongings from the curb.”