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The fallout from the current subprime mortgage debacle and the economic one that followed has thrown lives into turmoil across the country. In recent days, the Associated Press, ABC News, and others have begun to address the burgeoning body count, especially suicides attributed to the financial crisis. (Note that, months ago, Barbara Ehrenreich raised the issue in the Nation.)
Originally posted by GoalPoster
The bottom line here is really the bottom line. That's all that matters.
I know quite a few people living on the edge right now . . . and I worry quite often what will happen to them if something isn't done to give the 'little guy' a break.
Jobs are disappearing, prices for everything have increased at a pace above that of the average wage increase and there are a lot more people than you think teetering on the brink of losing everything.
Where do they turn, and who is there to ease some of the frustration they feel when they see story after story of the corporate elite raiding the coffers of the companies they run only to be bailed out by the government using tax dollars collected from the very people who now face losing everything?
Originally posted by Dock6
reply to post by Oreyeon
You say humanity doesn't deserve to exist
I've said the same myself in the past, but mostly after learning how a child had been tortured and murdered. Or in regard to the way animals are treated.
Personally, I don't think it's a matter of whether or not we deserve to exist. We aren't responsible for our existence .. it's not something we consciously chose to do.
And once we're here, we struggle through it, always hoping it will improve .. and learning to find joy in simple things -- the sight of a rose as we walk past someone's garden, or a moment's watching someone's small child as we stand in a supermarket queue.
We exist because we accept that basically, we have no choice but to exist. If we decide to exit, we leave behind others who'll suffer guilt, regret, sense of responsibility. If we have children, we have a duty to exist.
We can understand the desperation, anger, sense of injustice felt by those who choose to take their lives rather than walk away from their homes, their refuge, their sense of identity.
As to the banks and lenders, they're immune. They make themselves immune. They pass the buck, say they were only doing their job, had no choice, wasn't their decision .. etc.
The police ? If they refuse to evict, they lose their jobs and then fall behind in their own mortgage payments. So again, they say if it were up to them .. they say it's not up to them .. they say they have to follow orders .. say they have no choice ... say they wish it were otherwise.
Humans don't count for much apparently, in the overall scheme. If humans were prize-winning race-horses or dairy cattle, they'd be worth X-number of dollars each on the hoof. But humans .. gee, the powers that be have 6.6 billion of them. They can afford to waste millions. Humans breed like rabbits in any case, as far as the PTB are concerned. Fifteen years and they're ready to breed again .. self-renewing resource .. billions of consumers there for the picking. One drops dead and is replaced by two more consumers.
A house on the other hand might still be standing in 150 years.
So a house is regarded as having more worth than a mere human.
A dead human is worth nothing to them
An old house can be remortgaged, resold, over and over again.
On July 23d, about 90 minutes before her foreclosed Taunton, Massachusetts home was scheduled to be sold at auction, Carlene Balderrama faxed a letter to her mortgage company, letting them know that "by the time they foreclosed on the house today she'd be dead." She continued, "I hope you're more compassionate with my husband and son than you were with me." After that, she took a high-powered rifle and, according to the Boston Globe, shot herself. In an interview with the Associated Press, Balderrama's husband John said, "I had no clue." His wife handled the finances and had been intercepting letters from the mortgage company for months. "She put in her suicide note that it got overwhelming for her," he said. In the letter, she wrote, "take the [life] insurance money and pay for the house."
Originally posted by salchanra
reply to post by Dock6
I wont be losing my house in this mess, I saved for years and paid cash, I wont lose my job, I wont resort to fear and kill myself. I planned ahead, used common sense and sacrificed. If more people were willing to do that instead of constant instant gratification, we would all be a whole lot better off.
Originally posted by sobolwolf
His wife handled the finances and had been intercepting letters from the mortgage company for months. "She put in her suicide note that it got overwhelming for her," he said. In the letter, she wrote, "take the [life] insurance money and pay for the house."
omg god, this is so sad....