Bend over Amerika!! (page 2)

worldtraveller

I suppose Kanada is correct, too? Seriously??

mrsjones5

What is the point of using a "k" instead of a "c"? I have an idea but I just want it spelled out.

sinis

AmeriKa - as in Soviet era communism/socialism...

Ok, instead of nit picking my words, lets use a little gray matter here and talk about the video. Why is this not being investigated? This is a serious financial crime. Amerikans are getting kicked out left and right from their homes, and taking it (though they may be pissed). I just do not understand people, nor this country anymore. Shit is going south and fast as this little back room deal will surely tank the Fed...

mrsjones5

I don't get the connection. I didn't lose my house in forclosure to the government.

snowbird

I think it has something to do with Obama's so-called socialist leanings.

As if that is necessarily a bad thing!

Sylvia

sinis

Did you lose your house at all to foreclosure? Or do you know anyone who has? If so you did lose your house to the government, because FDIC and Fed back room deals SANCTIONED by the gubermint allowed this shit to go on. On top of that, even if you did not lose your home, YOU and I are paying for others as they lose their homes through increased monetary spending and creation which not only increases the debt, and your share, but it also DEVALUES the currency and YOUR OWN HOME!

mrsjones5

We lost our home to forclosure because my husband, the main breadwinner, got sick and was denied SSI (it's being appealled). The failsafes that my husband put in place either fell through or were not honored (homeowner's disability insurance held by the originating mortgage company). If we had known that the disabilty insurance held by the mortage company would not be honored we would have carried the insurance with the company that insured our cars for over 17 years. We might be in our house now. If my husband finally gets his SSI we will then be able to sue my husband's former employer for terminating him because he became sick.

Being pissed at the government for my situtation is too board for me right now. I have smaller fish to fry.

worldtraveller

People is the US lost their homes because they borrowed way more than they could pay back. Buyers should have been much more cautious. It was a result of deregualtion of the banking industry, not socialsim. Look at Canada. No crisis here, but banks are regualted to prevent this. Damn socialist Canada!

Perhaps you have been listening to the Tea Party rhetoric. Sarah Palin has all the answers right in the palm of her hand. (left one I believe). No teleprompter needed.

beksbks

Exactly Worldtraveller. This is one bank among many. Even Bank of America is able to avail itself of these perks. The deregulation that's been going on for the last 30 years along with pure unchecked greed is what put us here.

I do not think for the most part it has to do with people borrowing more than they could pay back. It has more to do with a massive bubble bursting, and a whole lot of good Americans getting screwed by it.

leec

If anyone has an hour to spare to watch this excellent and very relevant documentary, I can't recommend it highly enough.

Summary: In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.

Link to view online: The Warning

Bend over Amerika!!

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