How honest or smart are we when we solve problems by labeling every one else charlatans, crooks etc.
Human nature is a part of the freedom of choice, “Gods gift”.

What if I told you a consortium of private bankers counterfeited 100 trillion dollars of your money and gave it to the ultra wealthy? It’s no coincidence that the century of total war coincided with the century of central banking.

Never fall for the modern aspect of answering long standing crimes, as if it’s just old hat so nothing can be done. We start by prohibiting foreign investors, even if that prohibition is levied out one individual seller at a time. When you don’t get an agent, you’re not bound by any discrimination laws.

We’re from the government and we’re here to help. Who’s still buying that?

Baggs; re foreign investors. I have mixed thoughts.

(1) You are absolutely right. Having said that, as an owner I don’t care WHO buys a property if I am selling, as long as I get my asking price.

(2) Watching a new Kal Penn special on netflix about the Global Beast or international economy. The USA is the single largest recipient or beneficiary of laundered money in the world. Think about that for a minute. It’s estimated that over a trillion dollars a year moves from being illegal funds to laundered or clean money ready to be invested legally in any one of nearly 200 countries. The entire Miami skyline of high rises is pointed out as an example of laundered money at work.

IF this special series is accurate, then our elected officials AND regulatory agencies have almost no incentive for stopping it. In fact, it is just the opposite. As long as more laundered money is coming in than dirty money is going out, they have a very high incentive for promoting a national financial regulatory system that enables or facilitates this.

To a point.

Good to know Tobby. Unfortunate by those that are affected by it until ‘the system’ catches up to those bad actors. I hope the fines are bigger than those levied on Wells Fargo for other, unrelated abuses. Seems that even billions in fines isn’t enough to dissuade bad actors that just factor it in as a cost of doing business dishonestly.

What about the larger picture? Times have changed since the community reinvestment act. One counter argument to the Tribune article is that the access remains diminished primarily because foreign investors scoop up properties which would otherwise have by this time been in the hands of the American persons in question. If we truly want to create a better balanced housing environment and more equitable access, we need to stop foreign companies from buying American real estate if they’re not actually living in those properties. Just one of literally a million examples, linked below…

This also is a reason I stay on the issue of big data, imho this move towards monopolization and complete streamlining of all related processes benefits the big players much more than local persons.

10 countries racing to buy American homes

Seek the truth.

Have you ever met an honest lender? This is the lenders way around compliance.