“Hi everyone. We are going to need to commit trillions of your dollars to bailout a banking system that failed you. A system that didn’t exercise due diligence. A structure that fueled the housing bubble. What will you get in return? You get to keep us going. The system that failed you appreciates your support.”
SHOOT: That's like saying 'you're not going to die' = your cancer is killing you softly. Why are the banks doing this? Because they are/were getting out of jail on the public's nickels and dimes. The public rather wants to watch 'Lost' than deal with this, but when they do - and they will - ALL HELL WILL BREAK LOOSE.
SHOOT: That's like saying 'you're not going to die' = your cancer is killing you softly. Why are the banks doing this? Because they are/were getting out of jail on the public's nickels and dimes. The public rather wants to watch 'Lost' than deal with this, but when they do - and they will - ALL HELL WILL BREAK LOOSE.
The latest housing data shows that nationwide we have just shattered all records for monthly foreclosure filings in one month. Take a close look to the chart above. Foreclosures are moving higher and higher. We are now approaching the 2-year anniversary of this housing and credit crisis yet the core issue of housing is still not being dealt with. What we are doing is bailing out banks while the public is left to deal with the fallout. The hypocrisy is creating deep anger, as it should. |
No comments:
Post a Comment