Sub Prime Mortgages
Predatory lenders offered the American Dream to people who didn't think that it was ever going to be in reach. They signed on the dotted line and within a year or two were no longer able to pay for what they signed up for.
No one cared. Until... the wealthy Americans realized that this would end up hurting their pocketbooks.
So now we have a situation where it was perfectly fine to reap the benefits of robbing from the poor for a few years. What's 15% on a $150,000 mortgage? I mean, they were willing to pay it, so screw them. But, Oh Shit! They can't pay??? Well, that means WE lose money right??
Lobby, lobby, lobby for help. Help for the poor? Hardly. Help to keep their bellies fat and bank accounts full.
The government has NO place stepping in. People bought what they couldn't afford and are paying price. If the big lending companies didn't make the economy go 'round do you honestly think anyone in DC would give a them a second thought?
Its always about the Big Man, this hand out has nothing to do with helping anyone but themselves. It makes me sick actually.
No one cared. Until... the wealthy Americans realized that this would end up hurting their pocketbooks.
So now we have a situation where it was perfectly fine to reap the benefits of robbing from the poor for a few years. What's 15% on a $150,000 mortgage? I mean, they were willing to pay it, so screw them. But, Oh Shit! They can't pay??? Well, that means WE lose money right??
Lobby, lobby, lobby for help. Help for the poor? Hardly. Help to keep their bellies fat and bank accounts full.
The government has NO place stepping in. People bought what they couldn't afford and are paying price. If the big lending companies didn't make the economy go 'round do you honestly think anyone in DC would give a them a second thought?
Its always about the Big Man, this hand out has nothing to do with helping anyone but themselves. It makes me sick actually.
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