1125 2011 A Thanksgiving holiday message to OWS folks – make yourselves rich by occupying jobs created by FARJHO and SwapRent on Main Street

Once I went to a seafood restaurant in the village while I was vacationing in the South Pacific island resort. I saw many buckets of live crabs laying around the floor. All of them had a lid on but one. I was curious to ask the owner of the restaurant why this particular bucket had no lid on. The owner said, “Oh, those are the socialist crabs. They don’t need a lid. As soon as any crab climbs up higher, other crabs in the bucket will pull them down for sure. So no crabs could ever climb up higher and get out.”

Hmmm …. I sort of got it right away why they were called socialist crabs. The socialists simply spend too much time worrying about how other people would make more money than they do rather than spending time to learn new skills to compete in the free market and make more money for themselves. They seem to enjoy more on how to pull other people down rather than working harder to learn how to climb up themselves to get out of poverty.

Why bother asking us to support their cause to indiscriminately tax all the rich people after some of the 1% may have made their money legitimately through their hard work and intelligence under a free market system? There should be no problems for them to protest to get the people power to mobilize the mass to put those crony politicians out of office and those crony capitalists in jail but blindly ask the country to tax the rich indiscriminately seem to be shooting blank and will not get anywhere. It also seems rather unfair. If those brave OWS folks have the guts, why don’t they simply stand up, shout out loud and name those cronies that have brought our country’s economy to its knees so that there could be a fair trial to bring them to justice?

Our country’s problems are the abusers, i.e. the crony capitalists and politicians that abused the capitalism system, not capitalism itself.

So if there are innovative ways (e.g. FARJHO and SwapRent) created by organizations like PeoplesAlly Foundation that common people on Main Street could finally get to bring the housing finance business and hence the money back to Main Street and let Wall Street cronies become the losers in a fair competition under the free market system, why wouldn’t that be a better choice? It did not happen before due to the intellectual power that Wall Street had long held for them to hold our nation hostage. Wall Street always seem to have the money power and political power to suck even more talents to feed on their own success. That is the situation that needs to be changed, through competition, not revolution!

Why can’t we try to bring the brainy power from Wall Street back to Main Street and have them work for common people on Main Street? If we could deploy these new equity sharing based housing finance innovations of FARJHO and SwapRent provided by PeoplesAlly Foundation through the credit union industry and the local community banks to compete directly with Wall Street with their dysfunctional mortgage securitizations system and their loan shark culture to beat the hell out of them, wouldn’t that be a more glorious battle to fight for?

If protesting could do anything for the OWS folks why don’t they focus on rallying the political power to make sure Main Street could have a level playing field to compete intelligently with Wall Street in their own games of finance in order to bring the housing finance business back into their own hands and manage it intelligently to create wealth for themselves on Main Street?

As I said before, the OWS folks may be able to occupy themselves with many more new jobs created by these new equity sharing FARJHO and SwapRent related business opportunities and in the process, they could also get themselves much more decent and comfortable shelters on Main Street through FARJHO and SwapRent than simply sleeping in cramp tents in Zuccotti Park or other city squares.

Filed under: Credit Union Industry, Economic Viewpoints, FARJHO, Federal Government, Housing, InvestorsAlly, Mortgage, Occupy Wall Street, PeoplesAlly, SwapRent, FARJHO, Housing finance business, Occupy Wall Street, OWS, PeoplesAlly Foundation, Socialist crabs, SwapRent, Zuccotti Park

1029 2011 Credit and Home Equity Union (CHEU), Savings, Home Equities and Loans (SHEL) or simply Home Equity Cooperatives (HEC)?

Back in 2008 I spent a whole year marketing SwapRent to the credit union industry in addition to marketing the new cash flow sharing concept empowered by SwapRent to the state, local county and city governments as well as their housing authorities. Recently through some visionary CU professionals’ efforts we may get to refocus the efforts to launch FARJHO program through the credit union industry channel again.

The natural question that would arise next is that what generic name should we give to those organizations that offer the FARJHO program to consumers on a non-profit cooperative concept. Should it be called a “Credit and Home Equity Union” (CHEU), “Savings, Home Equities and Loans” (SHEL) or simply a “Home Equity Cooperatives” (HEC)? Of course the current technological peer-to-peer matching operations at http://www.farjho.com could be easily farmed out and be extended to service this new industry. It could be called a CUSO (Credit Union Service Organization) or more accurately a CHEUSO (Credit and Home Equity Union Service Organization), a SHELSO (Savings, Home Equities and Loans Service Organization) or a HECSO (Home Equity Cooperative Service Organization)?

The reason why that the term “Credit” is still preferably involved in the new name is to reflect the BPB (Borrow Pool Buy) member level financing that is unique in the new FARJHO structure instead of the conventional PBB (Pool Borrow Buy) way of property level financing in the conventional SEM (Shared Equity Mortgage), SAM (Shared Appreciation Mortgage) or all other equity sharing schemes as have ever been practiced in the US, UK, Australia or any other parts of the world to date.

So, should it be called a CHEU, a SHEL or a HEC? Please feel free to give us some feedback on your preferences for the new names. Thanks.

Filed under: Cash Flow Sharing, Credit Union Industry, Equity Sharing, FARJHO, Housing, InvestorsAlly, Mortgage, PeoplesAlly, SwapRent, BPB (Borrow Pool Buy), CHEU, CHEUSO, Credit and Home Equity Union, credit union, CU, CUSO, HEC, Home Equities and Loans, Home Equity Coop, Home Equity Cooperatives, Member level financing, PBB (Pool Borrow Buy), Property level financing, SAM (Shared Appreciation Mortgage), Savings, SEM (Shared Equity Mortgage), SHEL