Friday, May 15, 2009

Banks want you to think that 'things are getting worse more slowly'= 'recovery' ...er., are you stupid?

“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.

The problem of course is that this is not your typical recession yet the public is being led to believe that all is well while bailouts are being dolled out by the truckload to the wrong locations. The actions we are taking keeps in place the banking oligarchy and sacrifices the public under the guise that this is good medicine for the general economy.

Nothing proves this point better than the current nationwide foreclosure issue:

nationwide foreclosures
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.
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