Skip to comments.Corrupt from the top down!
Posted on 12/01/2011 6:25:24 AM PST by TheDailyChange
I wonder how much longer it will take before there is a rush where main street Americans are fed up and pull all their money from these Banking institutions which many contend are nothing more than Fraud / Bankster's.
People in good faith have been trying for months/years to settle with Banks, HAMP, HARP,Yada..yada..yada government programs which have proven to be an utter failure.
If Banks are unwilling to work with homeowners, at what point do you think homeowners will just say SUE ME?
Good luck squeezing blood from a turnip so to speak.
‘...government programs which have proven to be an utter failure.’
That was by design.
Most banks would be fine if the gubermint wasn’t so heavily involved, but I have a different take on my mortgage. When I took it, I SIGNED A CONTRACT, and I intend to honor my end of the deal. Call me old fashioned, but I kinda like the idea that when I promise something, folks I deal with can rely on it. Many have used the housing collapse as a handy excuse to walk away from their obligations, even though they still have the ability to pay. That attitude has made the problem much worse, IMO.
The banks? I guess you think they all meet together in a smoked filled room trying to figure out how to penetrate your tin-foiled hat?
The problem is the politicians and the policies in place and not the banks as you so direct your rage. You are a pawn of leftists who spew anti-capitalist propaganda. Dont include me in your plans, there are many of us main-stream Americans who do not buy into anti-capitalistic rants such as yours.
And it is main stream Americans as well (all of us) who have been complacent enough to allow politicians to use the markets in order to line the pockets of their cronies in groups like ACORN and GSEs like Fannie and Freddie. Americans allowed trillions of dollars of bad loans to be forced upon the banks. FULL PAGE ads were even being run by ACORN looking for takers who wanted to join them in SCREWING the banks.
Now you want to blame the banks? Where were you when they were being screwed by ACORN and the leftists of the democrat and even republican parties?
The banksters went along with the unethical schemes of the politicans. They don’t get off blaming someone else for what they did in shaking down the real estate market. They had the responsibility to say no to the unethical schemes rather than enrich themselves knowing they were bringing the economy down with the banks.
The banks did not shake down the real estate market. ACORN and the democrats (with republican help) shook down the markets. The banks did their best to cope.
It is also not the job of the banks to police politicians as you seen to think.
Your premise that banks were enriching themselves by creating TRILLIONS of dollars in bad loans is also ludicrous. The banks may have done everything possible to salvage these loans and their business but they hardly wanted to have themselves exploited by ACORN and the democrats.
The banksters have the legal responsibility to protect their investors and be honest. They played politics to enrich themselves instead and crashed the whole system. Screw them. They should be in jail.
You are delusional. The banksters are not in jail being that they didnt break the law.
By your logic we all should be in jail being that we are all involved in the political process that caused this.
The obvious fact is that you are filled with rage against bankers which is typical of a leftist and not of a conservative.
Congratulation on honoring your contract, now read the fine print.
It say’s that if you fail to make your mortgage payments the bank has the right to take that home as collateral and sell it.
That’s not exactly fine print...everybody knows you lose your home if you don’t make the payments. It’s not like they don’t send delinquent notices, and it takes months to get foreclosed on. In other words, you have to default in spectacular fashion.
Well guess what? These are SPECTACULAR TIMES!