Acknowledgment: My thanks to eluckenbach for editing.
Here is a surprising statistic for you. More than five percent of all home mortgages are over thirty days late. In some geographic areas, over twenty percent of mortgages are behind with their lender.
Most people didn't pay any attention to it, but Senate Bill 256 was signed into law on April 20, 2005. Seventy-four Senators voted for the bill and only twenty-five voted in opposition. Three hundred and two Congressional Representatives voted for it, while only 126 voted against. If you don't believe me, just look it up for yourself. In fact I recommend it, you ought to know who is looking out for your interests, and who is not.
Why is any of this important? Because you're fucked if you're one of those five out of a hundred families in financial trouble. The people that you voted into office to look out for your interests have absolutely gutted your protection under the existing bankruptcy laws. They quite literally sold out to the bankers.
Among a number of pernicious provisions, S. 256 has made it more expensive to file. For most cash strapped families bankruptcy relief is not within their financial reach. If they are able to file, they are much less likely to prevail. Also they are going to pay the bankers much more for much longer. They are going to get milked for a long, long time. Kicked out of their homes and still paying. They lose. The bankers and politicians win. As far as the bankers and politicians are concerned, two out of three isn't bad.
But you haven't heard half of it; let me tell you what villains they actually are. I am not going to bore you with a dissertation on leverage, inflated real estate prices, and how bankers have passed the interest rate risk to you, by selling you a variable rate instrument. You can read up on that at your leisure. I just want you to understand the bottom line.
You see for the last decade these same bankers have talked people into adjustable rate mortgages (ARMs). That is fine as long as interest rates are stable or trending lower. But when interest rates rise, people's rising house payment becomes no longer affordable, and this whole trap has been sprung.
Greed and fear are two great motivators. Greed for more house than they could actually afford has them in danger of being trapped in a payment that can ruin them. On top of that the politicians took away their wiggle room with these changes in the bankruptcy laws. It is a huge trap. Here is what many of you should fear. About half of all Americans are vulnerable. By the way it isn't just mortgages, it is credit card debt as well.
I'm not your friend, but neither am I the villain that your 'friendly banker' and politician are. What they do is unconscionable. An Indian philosopher once described a conscience as a three cornered thing that turned in his head when he did something that was wrong. Well he kept doing these wrong things until the corners wore off and his conscience quit bothering him. My conscience still bothers me, but the bankers and politicians have consciences that are as smooth as cue balls.
Unlike them I don't mind disclosing this trap, because there are more than enough people already trapped to suit my purposes. Once there are that many people strapped over a financial barrel, there are plenty of ways to fuck them. Let me tell how I do it--it's my get rich scheme.
I bought a duplex. I put twenty percent down because there is no sense letting the insurance companies fuck you with mortgage insurance too. I have a fifteen-year fixed mortgage at five and a quarter percent. My office is in one side of the duplex, and I have a studio in the other half.
I run ads in local papers offering to help people that are having financial trouble. I say that I have years of experience helping people, and that if they are having problems paying their mortgage or credit cards they should call a phone number that I provide. I would love to post it here, but that is prohibited by the web site's rules. Actually it wouldn't help me that much, because my 'clients' need to be local.
When people call the office my secretary has him, her, or both if it is a couple, come to the office and fill out a simple one page application: Who they are, how much they owe, and to whom. Actually the application is secondary. I have multiple security cameras in the reception area and the true purpose of having them show up is that I want a good look at them. If they are physically unattractive they are sent a declination letter. Otherwise they are invited back for an interview.
Most of the time I do the interviews, because I want to build a rapport with them. I begin by telling them that I can take all of the financial pressure off of them. I explain that I have a proposition for them and they are free to reject or accept. If they choose to accept the proposition, I am in position to catch them up on the amount that they are in arrears with their creditors.
Here is the proposition. I tell them that I specialize in making amateur videos, and that I make these videos available for viewing by the paid membership of a website that I operate. I explain that today I will give them a three-day free trial membership, which will allow them to evaluate whether they want, or don't want my help.
I hand them my business card with the trial membership name and password written on the back. I build in urgency by telling them to let me know just as soon as they decide, because I have so many people accepting that I am afraid that I will have to start turning people down.
When they go to the website they find out that it is adult content. There is a lot of amateur wife stuff: innocent wife, glory holes, twosomes, threesomes, and groups. Besides the wives I also use many of the husbands as long as they can get it up, and get off, while a crew shoots video. There are two other profit centers, gay and lesbian.
Thanks to the politicians and bankers I have a steady stream of applicants. If interest rates continue to rise according to the assumptions that I have made in my business plan, the rising number of applicants should allow for the phenomenal growth that I have projected, and so far have achieved.
I have a terrific staff next door in the studio. The mainstay is Liz. She is a lesbian, and I suspect that she has never had anything to do sexually with a man in her entire life. She is a wizard at getting these soon to be stars ready for the cameras. She shaves the women from the neck down. Liz is so skilled with a razor that I have never seen a razor burn on any of their pussies. But then Liz is terrific at applying makeup. She covers up any blemishes that might be a hindrance to their sex appeal on video. She uses makeup to add a little color to their nipples and aureoles. Sometimes she uses her bag of tricks to take a little color away.
The only real complaint I have about her is that she lubes them up longer than she needs to. But I let her have a little fun because she identifies the ones that we can use again in the lesbian content. You see, one of the problems with the business is getting gay and lesbian stars. They generally aren't weighed down with the expense of raising children.