Accountability - What Happened to It?

Every once in a while I come across something that is not HOA related but that I feel the need to share. This is one of those things. Between the discovering homes prices in my community have fallen on average 35% for homes that were bought in 2005 to 2007 then sold 2010 and 2011. Then to have the HOA board more concerned with redesigning land owned by the city but maintained by the HOA and located outside the community. Instead of doing things to improve the common area directly in front of the homes to help increase the values. In my opinion this kind of waste should be punishable. But, for some reason the law has protected board members as if they were politicians or Wall Street.

It is what makes this bit of information a real victory for everyone.

When the bubble burst and foreclosers flooded the market, to big to fail banks were bought out, billions in bailout money was printed, companies went under, and unemployment skyrocketed. There was another force at work who not only caused all of it, but also something much worse. Major companies traded on the stock market just went belly up over-night. These companies didn't deal in buying loans from banks. If these companies were losing all of their capital because of people selling their stocks. Who benefited from it? For every looser there is a winner, right.

Who was the winner in all of this had been speculated (actually known but nothing has been done), but there wasn't any hard proof. These people who seem to be protected from liability messed with the wrong people aren't taking it.  Businesses that failed and were traded on the stock market were not all failures due to miss-management. They failed due to the artificially manufacturing conditions that caused people to act based upon those conditions thereby creating a false belief of the companies position. How can this happen? It's not the first time this tactic has been used. Just this time instead of it being a rumor they did something much worse.

Basically, the investment bankers put counterfeit stock on the market as options. The companies they did this to never issued or approved these stocks making them counterfeits. By increasing the number of stocks in a company it reduces the price of the stocks. The only reason to increase the number of stocks available in a company is to generate capital for one reason or another. If they need to generate capital then they are financially not in great shape. Which is where they created the false belief that caused people to sell their stocks and the companies to fail.

Before these companies knew what hit them they were out of business and assets being sold to pay off Wall Street. One of the companies these bankers decided to do this to have been fighting back. They have won millions in court against highly paid Wall Street lawyers. The company is Overstock.Com or O.co they have managed to hold these people accountable. This should lead Congress to do the same if criminal charges aren't filed. I admire O.co stockholders and management for not sitting back and taking it from Wall Street. As well as for making all of the information needed to know the truth available for the public to see.

Use this link to discover the truth and use this information to encourage Congress to file civil cases to get the bailout money refunded and criminal charges filed. If our government doesn't file against them another country may. http://www.overstock.com/50257/static.html

Just scroll down to the bottom and start with the oldest link to read everything from the beginning. They even posted the court documents.