Carlos Arvizu

Carlos R. Arvizu Sr. California writes:

The problems were facing today such as jobs, the economy, the housing market, and national security far outweigh the President of the United States desire to pass a bogus health care package down our throats, especially the 1000 plus pages of garbage.

Politicians be prepared to lose in the 2010 elections, regardless of your party affiiations, be you a democrat, republican or indepndant, the American people can only take so much and if you dare pass legislation such as the crap you have on the table right now.

Americans can only take so much abuse. Once you back us up into a corner, our patients only goes so far, don't expect the American public to buy into this outright fraud against every hard working American.

President Obama and the gang of thieves may have some believing that they are the for the working people, but in reality they are lining their pockets with Silver, from all the lobbist pushing that bogus health care bill. In fact our elected offifial just chastised that Congressman from South Carolina; Joe WIlson for exercising his Rights to Free Speach guaranteed by the Constitutions of the United States, by calling the President a Liar. Granted it may have been an embassament to the President, none the less, the President does lie, he's a lawyer, they munipulate the truth to their benefit. Pres. Obama is a Liar A ruling set in 1983 proclaimed that anyone needing medica care cannot be denied assistance.

The Congressman from South Caroina was absoultely right when he called President Obama a Liar. Illegal aliens will be entitle to use health care under a 1983 ruling.

This is really a joke, when you have the trial lawyers lobbist, Insurance companies lobbist and self serving politicians writting all the crap in this latest bill that they are trying to shove down our throats. Greed and corruption.

I am a conservative democrat, and I will be watching my congressional representative in the 34th Congression District to see if she rubber stamps this hog wash. She will diffinately have a lot of resentment toward her re election in 2010 s the sleeping giant may have been awakend.

Carlos R. Arvizu Sr

The Hidden Truth is always whitewashed. Mr. Bernanke and Mr Greenspan are the true culprits of our economic downturn, they along with gang of thieves, who helped rob the American public of it's vitality. The gang of thieves include the likes of Christopher Dodd, Barney Frank, and the Office of Federal Housing Enterprises that controlled both Fannie Mae and Freddie Mac. to name a few, ah and lets not forget wall street greedy fat cats.

I would like to Ask these questions;

Why did the Federal Reserve act too slowly in raising short term interest rates with .25 point increases for 17 consecutive months, during 2004 to 2006?

Why did they wait over a year plus a few months to make a move to counter act the move to lower interest rates, when they know by history that it generally takes 6 to 9 month to react? Not over a 2 to 3 years to get back on tract.

Why didn't the Federal Reserve recognize and inform the GSE that they may need to raise the conforming loan limits that help the primary mortgage market sell off to the secondary market to circulate the mortgage money supply, that is to Fannie Mae and Freddie Mac.?

Why did Federal Reserve deliberately wait to see what reaction was going to happen? Was it Greenspan responsibility to help the in coming federal reserve chairman or did Greenspan want to make Bernanke look bad? Was Bernanke not wanting to take advise from the old Federal Reserve Chairman?

Wasn't this like playing Russian roulette with the economy?

In 2005 Mr. Greenspan made a comment to the news media, pointing out they had a problem stated income 100% financing programs to Wall Street? Why do you think we bailed out Wall Street? Why did we only bailed out a few select Banks?

Why doesn't the federal reserve recognize that 30% of Americans are small business owners also employ 70% of the population?

Why do you think, most small business owners couldn't get a mortgage loan?

Was stated income the real problem of the mortgage meltdown, or was it stated Assets the real problem, or perhaps educating the borrower on the type of mortgage loan they had, their rights and responsibility in plain english, and if so, what would you do if you were incharge of the Federal Reserve and the Head of the Treasury?

Aren't Doctors, Dentist, Real Estate Brokers, Car Dealers, Insurance Agents, Small Business Owners? What do they have in common, they are self employed. Something to think about in our banking problem, when you cut out 30% to 50% of the of all mortgages out of the market place. Something to really look at if you were incharge.

Carlos Arvizu Sr.

It looks like we let the "Fox in the Hen house" Am I the only one to see through this mess. The Federal Reservve caused this mess, yes the Federal Reserve.

Back in the last Quarter of 2005, Chairman Greenspan had the chance to re-correct the market to a slow and soft landing by stopping the quarter point increases in the Fed Funds Rate. It takes normally 6 to 9 months for the market to react, instead the FEDS Choose to stop raising rates well into 2006 and took a wait and see attitude for well over a year plus several months to make a move to lower rates to counter act and the market.

The Feds found themselves chasing the market with large moves to lower rates back in September of 2007,the market got out of control, to complicate matters, the other entity that controls Fannie Mae and Freddie Mac was to blind to see that the Conforming Loan Rates did not reflect the market value in which those entities purchased loans from the primary mortgage market, thus many lenders got caught with their pants down, because the GSE and the Federal Reserve were not in sync, coupled with the SEC and the Supervision in both Houses of Congress failed meserably.

Now a new Federal Reserve Chairman, New Treasury Sectrary and a New President all are making it worst. If you want to fix it, lets not overly regulate and already fragile system. Lets look at the underline problems, Banks, MBS, and Collateral Debt Obligations.

Many lenders have foreclosures that can be salvaged by turning these mortgage related instruments that are non performing assets and converting them to producing assets by simply leasing out these problem REO's on their books to tenants, who want to buy using lease with an option as a method of buying in the future.

Give them a credit for their Down payment, while they are paying a higher than market rents to be applied when and if they exercised their option to buy in 2 or 3 years from now. Values would move upward and they would have time to clean up their own financial situation if credit and down payment was an issue, obviously that would be conditions to the credit. But that works.

Carlos R. Arvizu Sr.
thedon1950@aol.com

Recently, Senator Alex Padilla,D San Fernando introduction or revival of SB407 Point of Sale retrofit requirement that all sellers of residential real estate would be burden with a cost that has far reaching affects that many homeowners can ill afford. This is not the time when homeowners have been facing a deep resission, high unemployment, and for what, another backdoor buracractic department to collect fees for the state.

Perhaps Senator Padilla doesn't reconize the real problems of the state, it's called living within your means. Cut back on salarlies and those expensive trips he's been taking, perhaphs if stayed a home, maybe he'd realize his low flow toilet requires him to flush it 2 and 3 times to make it go down, what ever the case, maybe he's in bed with those energy retrofit companies.

Regardless Senate Bill SB 407 does not come at the right time. The real problem is the lack of thinking of the consequences, that's how we got into this mess in the first place. I don't know what behind Senator Padilla's agenda, but I think it imposes more harm than good, especially at a fragile time like this for the real estate industry and to impose this burden on all California property owners who want to sell their home or investment property is darn right ill responsible on the part of Senator Padilla.

If you want to solve the shortage of water and help solve the global warming issue and envormental problems that we are facing, try desalination plants to add ocean water to our water systems and pipe in water to desert areas to plant trees and other oxigenated plants that displaces carbon dioide. Now thats something to work on. If we tried some constructive thinking instead of ways to create backdoor taxation, we would be better off. I hope comon sense prevails and SB407 is defeated. Comments are welcomed.

Thank you.
Carlos R. Arvizu Sr

thedon1950@aol.com

Economic News

By; Carlos Arvizu Sr

Many citizens are deeply concern with the direction the economy is going. Many hard working people are concerned with losing their jobs, homes, or have seen their 401k's retirement investments dwindle 40 to 60% in value over the last year.

Fixing the problem, one must understand the problem, and how they relate overall to the economy.

1. Congress can use stimulus money by way of reducing or eliminating the taxes from all passbook savings accounts, up to at least $150,000 per year on all personal income taxes. This gives the American public an incentive to save.

2. Regulate the passbook savings rate that is tied to the 52 weekly average of the 10 year Treasury Note, minus 1% point on all passbook savings accounts. What that does, is flood the banks with money.

This will not only encourage the American public save but also give banks an incentive to lend, this forces them to lend.

3. A Stimulus, is something that creates, and encourages new Jobs, or improves stability in existing Jobs that help move the economy forward. The average American appreciate the tax credit the Stimulus provides, however, most don't realize, that's really a token, which we can't afford, do the math, its very costly.

4. Give American taxpayers a shot (Stimulus) in the arm, by giving them a tax deduction of interest for buying and financing a major big ticket item, such as major appliances, cars, planes, boats that are manufactured in America, (at lease made partially in the U.S. (That's a real incentive to create and keep jobs.) I am not saying to have a trade war, but for Americans to have a choice to help keeps their Jobs here in the U.S. or find themselves displaced in the future to foreign companies that now taking place and losing jobs here in the U.S.

5. Reduce the Capital Gains tax to 5% (Remember this, taxes are non productive, more is less, less is more) Most people think that capital gains relief is for rich investors, that's far from the truth. Realize this, that most Americans who own a home, or the average person who is not a homeowner who has a 401k they invested in mutual funds, stocks or bonds or has a small apartment unit they own, also that falls in that category.

Having a Capital Gains tax of 5% federal government and 5% to the state does not takes away revenue, it actually adds to it by creating cash flow (Stimulus) to the government in volumes by giving an incentive to sell and cash in paying a fairer tax, versus holding on forever, paying no capital gains taxes and passing it along to your heirs,who get the stepped up basis. Paying very little, if none in capital gains taxes.

6. With regards to the current toxic loan problem that banks have on their books, pool those loans to a National Clearing House, and Lease those homes out with an option to buy for renters who want to own a home. Giving them a three year window to exercise the option to buy, these renters would have an opportunity to own and be a productive part of society. There of course would be conditions over that three year period, but that would at least make a non performing asset into a healthy performing asset that is at least bring in money each month. That's a Win, Win, not only for the taxpayers, but also for the tenants and the economy.

With respect to the Housing Market, and The Foreclosures that were attributed with the Toxic Loans on the market. If you want to fix it, and create some stability in the market, you don't need to raise taxes, you don't have to give away hundreds of billions of dollars away like candy. We just need to Think. We need to raise the confidence of the American public and the real estate market; the stock market will fix itself by that confidence. We also need to stop listening to the doom and gloom news a little. The News is a self perpetuating attitude of doom and gloom, it won't go away like a head cold, unless you solve or fix the problem. We Need to really look at the problems and solve them, not add to them.

Carlos R. Arvizu Sr.

562-755-3856

Downey, CA 90241

TheDon1950@aol.com