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Wake Up, Washington! It’s time to bite the bullet on a mortgage bailout plan for homeowners…NOW! 

Get ready to pay the piper, and pay big-time. If we’re going to avoid a full-scale, depression-style, real estate-fueled meltdown, Americans are going to foot one heck of a bill to pay for all the special government loan programs, guarantees and financial band aids. 

How much? By the time the tab is tallied in 2010, I think were looking at a cool $1 trillion. And that’s the good news. That’s assuming Washington takes swift action soon after the new administration takes office next January 20.   

Benjamin Dover breaks it down and lays it out, and while the numbers aren’t pretty, the call to action—from someone who survived another economic catastrophe during the S&L implosion in Texas just 20 years ago—is realistic and emphatic: 

“I’m not trying to scare anyone, just prepare them for the inevitable…sorta like prepping a kid for their first time to see the dentist.  If you know what’s coming, you can handle practically any situation more rationally and more effectively.”  

Listening to this podcast will give you an unparalleled look into the future like only Dover can deliver. 

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be•tray     – verb    1. to deliver or expose to an enemy by treachery or disloyalty: Benedict Arnold betrayed his country.    2. to be unfaithful in guarding, maintaining, or fulfilling: to betray a trust.    3. to disappoint the hopes or expectations of; be disloyal to: to betray one’s friends.    4. to reveal or disclose in violation of confidence: to betray a secret.    5. to seduce and desert.    6. to be treacherous to: double-cross. Slang rat (on), sell out. Idioms: sell down the river. 

Have you ever been betrayed? By a friend? A co-worker? A family member? A spouse? No matter who has betrayed you, it hurts. The degree of pain inflicted by the betrayer is usually commensurate with the level of trust you extended to that person.

A wise man once said: “Your enemies can never betray you. Only those whom you love or trust to get close enough to you can hurt and betray you.”

That’s a tough message to hear. Tough, but true.

Which is why you need to focus your attention on what will go down as one of the ugliest betrayals of public trust in American history: The dangerous advice being spoon-fed to distressed homeowners by the government, the lending industry, and the media. So at the risk of repeating myself…

You must not jump on any mortgage renegotiation deals until you’ve listened to this podcast: It could save you—literally—thousands of dollars.

(c) 2008 NowWhatDoYouDo.com    All Rights Reserved

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