Signs the Recession Is Slowing or Growing

Foreclosure Activity Increases 5% in Third QuarterRISMEDIA, October 15, 2009—RealtyTrac, one of the leading online marketplaces for foreclosure properties, released its U.S. Foreclosure Market Report for Q3 2009, which shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 937,840 properties in the third quarter, a 5% increase from the previous quarter and an increase of nearly 23% from Q3 2008.

While the banks and their brother Wall Street firms post record profits and the stock market is going up up up, leaders, reporters, economists and politicians are saying we are at the end of the Recession. 

Ask the nearly one million people losing their homes in the 3rd quarter if they feel the Recession is over.  Ask the millions of still unemployed or underemployed if the Recession is over.  Ask your neighbor if the Recession is over.

For Goldman Sachs and their employees who are about to receive $23 BILLION in bonuses, the employees of AIG (a company you and I own) receiving "record" bonuses (our money), JP Morgan/Chase and all the rest of the Round Table crowd, the Recession is over.  Yes, these fortunate few who were bankrupt and failing, took billions of our money, invested it somewhere but not in the people, and made billions.

They were the cause of the Recession, the cause of all the unemployment and the cause of this Recession.  Possibly a very well planned scheme to defraud and demonetize the people and take most of our assets.  Criminal, conspiratory, collusion, unfair trade practices, lying, stealing and cheating all of which are being continually rewarded.
One in every 136 U.S. housing units received a foreclosure filing during the quarter—the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005.

Imagine, ONE out of EVERY 136 houses - real people's homes - got a foreclosure notice in the third quarter - July,August and September. No, this does not sound like an end or even a close end to the Recession regardless of what main steam media reports probably under the direction of "the government".

You should all be asking and writing your Congressional Representatives why they allow the banks to illegally - in most cases - file foreclsoure and illegally take the properties at auction when they become REO's. 

None of the government programs are working to help stem the tide of foreclosures.  None of the banks are listening to the (our) government in terms of helping borrowers keep their homes.  They are not modifying loans to any meaningful extent nor are they consulting - listen to this carefully - with the TRUE owners of the mortgage notes, the investors worldwide who they are also cheating and stealing from.

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