I was reading on the internet yesterday that the federal government is fining five big banks, including B of A, J. P.Morgan Chase, Wells Fargo, Citigroup and Ally financial (formally GMAC) 25 billion dollars for the fraudulent practices they used to foreclose on peoples homes when the economic turn down started in 2007. 2.36 million homes have been foreclosed on since the economy down turned in 2007.
Think about that for a minute, 2.36million homes. Now think about that in terms of the people, the families that had their homes taken from them. Many times these people lost their jobs and couldn't find new ones, or couldn't find jobs making what they had been making.
I would also like to point out that it's 2012. It's been five years since people were begging and crying for the government to step in and do something about banks promising to modify their loans and then auctioning off their homes in the middle of it all. I say it's too little too late.
First our economy is driven into recession by the greed of big banks and our elected representatives who turned a blind eye to the inevitable and then, to add insult to injury, they take our homes away and now the government steps in to slap the hands of the big banks to say no no don't lie, cheat and provide fraudulant paper work to take away peoples homes, all while telling them you are trying to modify their loans. A two thousand dollars settlement now isn't going to do much to heal the wounds of having your home taken away.
I'm so disgusted with politics right now I can hardly stand it. Greed is ruining this country along with corruption and other forms of moral decay. I'm talking about how we have lost a basic sense of what is right and what is wrong. I'm talking about how we treat each other. The Democrats hate the Republicans and the Republicans hate the Democrats. No one wants to work together to fix any problem for fear of the other party getting the credit. I find it ridiculous and frustrating beyond belief that it takes over five years for our government to stop banks from taking homes from families.
I'm beginning to feel like we should start over. Kick every one out of office and elect a whole new group of people, who will work together and who will not be bought by the big bucks floating around Washington D.C. If that is even possible. I doubt it.
I always wondered as a child in school learning about how once great civilizations fell after hundreds of years of being world powers, now I know, greed and arrogance.
1 day ago