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Foreclosures Reach Insane Levels
To think, 500 million mortgage payments of $2000 could have been made with the TARP bailout money.
Yeah, I did the math three times -- once in my head, once with a calculator, and once on paper just to be sure. We gave them enough to make not 500,000 $2000 mortgage payments. Not 5,000,000. Not 50,000,000. 500,000,000 payments of $2000 is one trillion dollars, which is less than what we gave the banksters.
As if to rub our faces in it, today we get mind boggling news about foreclosures. In California, more than ten percent of homes are 90 days past due or in foreclosure already!!! In Florida, nearly 1/4 of homes are in danger of being foreclosed upon!!! That translates to millions of people out on the street in the next couple of months.
Anybody who still thinks that we're not in the Greater Depression needs to get out of D.C., where there are apparently six jobs for every job seeker. The rest of us need to head to D.C. either to get jobs or to storm the Bastille. I swear to Goddess, if I hear another Beltway asshole tout the glorious economic recovery, I will... (What will I do?) stomp around my house in a blind rage for at least 15 minutes, spouting a string of curse words at such a volume that my neighbors will darn-tootin' know that I am crazed with ire! And I won't be the only one; my cat, Gadget, gets pretty riled up about this stuff too.
They can take their "leading economic indicators" and shove 'em right up their overfed D.C. butts. Millions of people are being kicked out of their homes. This is inhumane, OK? It's insane. It's like slavery and the Holocaust and the Inquisition and the Trail of Tears all rolled up into one. History will see it that way.
You think that's hyperbole? I wish it were. Over the next few years, millions of people will die from exposure, crime, poor health care, maybe even hunger. That's what mass homelessness causes -- lots of death.
Enough is enough, folks. We need real change. Time to chase the banksters right out of town. Every single one of us should stop paying our mortgages, stop paying our health insurance premiums, stop paying our tuition -- stop paying for anything that's a ripoff (higher education is a ripoff these days, sorry to say). Cell phone service? Fine, it's reasonable and I need it. Electric bill? No problem. Interest on a mortgage that some crooked bankster pulled out of his cotton candy-flavored butt hair (I hear they have plastic surgery for that but it's very expensive -- why do you think they need all that money)? Nope. Screw you.
What gives you the right to kick me out of my home? What have you contributed to the world, Mr. Bankster? The money you lend isn't even your own -- it's mine! It's true! When they make a loan, they get the money from the Fed, not out of their vault, and we bailed them out to the tune of a trillion dollars which, as explained above, would have made Five. Hundred. Million. $2000 mortgage payments.
They're f*(king us! It's high time we f*(k them right back! Either that, or say goodbye to the "Land of the free and the home of the brave," and hello to the land of the scaredy cats and the home of the enslaved.
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Comments
Well this one got buried
I guess nobody wants to hear it. Sad.
When life hands you sh*t, make fertilizer.
500 million $2000 payments
Its sickening what OUR elected officials have let happen to the U.S. economy. Hard working people have been reduced to helpless people waiting for a handout just to get by. Once proud American workers can,t even find crappy paying jobs. Retirement, What a joke. Don,t let politicians lies fool you. Government of the people, by the people, and for the people is dead. All the politicians really care about is themselves, their friends, and that great lobbying job waiting for them when they are done serving themselves.
It's not exclusively their fault
We're the ones who dropped the ball. The good news is that we can pick it back up again by getting involved, active, and demanding more than a handout. Most people don't want handouts. They want to earn an honest living.
Politicians are, by and large, slimeballs, it seems, but whose fault is that? We the People are ultimately responsible for allowing things to get to this state. We let the corporations and the rich and powerful deceive us into thinking that their best interests were our best interests. As a result, we let them re-write our laws to benefit only themselves.
Make no mistake: This was a patient, deliberate effort. It's no mistake that our unions are dead. It's no mistake that your local mom-and-pop hardware store is gone, along with the other shops on Main Street. This was a deliberate, long-term effort. We fell for it (well, I didn't, but a lot of people did). We believed them when they told us that sending our manufacturing jobs and infrastructure to China would be good for us in the end. We believed them when they told us unions were bad. We believed them when they told us greed was good and that un-earned capital gains should be taxed at a lower rate than earned income. We believed many lies over that two decade-long coup.
Sometimes when you're looking for somebody to blame, the answer is as close as the nearest mirror.
When life hands you sh*t, make fertilizer.