I cant believe i just the biggest argument with my mother on this topic. She is down staying for a couple of days, and i tried to show her this
documentary. She is brainwashed by the MSM.
She goes on to justify the actions of the bank by saying well... '' these people didnt pay their mortage'' yeah ok fair enough. If they didnt pay
their mortage for 1 year or less in some cases and they are bad with credit then yes, in normal cirumstances they would and should be evicted!
These people were struck with a recession, an econmic downturn, that was caused by and initated by the banks, the public banks, investment banks, the
SEC lack of diligence and oversight or just plain curruption and becoming complacient and the FED waiting untill the last minute to step in. By then
it was too late, millions of job losses, foreclosures and evictions! The mortage bubble burst!
The banks should have had the resources to see this coming, i mean come on, they are some of the highest paid execs and dare i say, gamblers in the
Yet as soon as they make a bad decision they crap themselves, call in their loans and allow little if any goodwill to honest, hard working citizens
that have lost their jobs. Never mind that if in a couple months they will get back on their feet and bring their loan balance upto date....nooo why
should we care. Lets sell their homes for 1/4 it's worth and then make the debtor pay the balance and bankrupt them... its the capiilist way..!!
What a crock of..sh...crap!!!
I cant believe how heated the argument got tonight with my mum, i cannot believe it at all, and to see how she has been pushed to believe that the
baks were the right ones and the saints in this whole mess!
It was disgusting to see.
She thinks that watching ABC ( AUS ) is the total truth of the matter. I couldnt beleive it. Since my OP, i have watched this movie 3 times, and it
still sadens me that we the citizens were the ones that suffered most and the rich still came out on top becuase as an inverster even in a downturn or
bear market you can still make millions if not billions!!
It's disgusting to see the backbone of all or countries kicked to the curb whilst the rich get richer.
edit on 19-1-2011 by Havick007 because:
(no reason given)