44 Million in Poverty and Climbing

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RECOVERY HELD HOSTAGE BY WALL STREET AND POLITICIANS

THIS IS WHAT I WANTED AVOID. WE ARE FAST APPROACHING THIRD WORLD STATUS, FORMER WORLD LEADER. AND THE REASON IS SIMPLE, WALL STREET OWNS THE GOVERNMENT PROCESS. THE RESULT IS THAT THE ONLY RIGHTFUL STIMULUS PACKAGE THAT WOULDN’T COST THE TAXPAYERS A DIME IS BEING BLOCKED. WAKE UP, AMERICA! IT DOESN’T HAVE TO BE THIS WAY!

THE RIGHTFUL RETURN OF EQUITY TO HOMEOWNERS AMOUNTING TO TRILLIONS OF DOLLARS (WITHOUT A DIME MORE FROM TAXPAYERS) WOULD PRODUCE ALL THE STIMULUS NECESSARY TO JUMP START OUR ECONOMY FROM REVERSE GEAR TO FORWARD. IT WOULDN’T CURE EVERYTHING BUT IT WOULD ALLOW EVERYTHING TO GO RIGHT OVER TIME.

In the article below the gruesome details are shown and we all know that when it comes to bad news, the government tends to understate it and when it comes to good news, the government tends to overstate it. 4 million people have been officially added to those living below the poverty level. The total is now 44 million people, many of them children, and the government concedes this number is going to rise.

So let’s just put politics aside for a moment and focus on practicality. Just how close do the flood waters have to come to your front door before you stop caring how they got there and who else would benefit if you drained the swamp?

About 15% of our population, the highest in decades, is officially below the poverty line and the real figure is nearly twice that because of families that have had to move in together or because they couldn’t be located to be counted. In the same period of time it took us to get there, Wall Street grew from 15% of our our economy to 44%. Those kinds of result are impossible without government complicity and intentionally channeling the money from 98% of Americans to the top 2%.

It’s not that our people are stupid. The reason we have to wait for everyone to get mad enough is that everyone is trying so hard to stay afloat for themselves and their families that they don’t have luxury of reading, analysis and staying informed. Their news comes in tiny sound bites that say nothing but inflame the passions, because that is about all we have time for. But just like you don’t have to worry about crime until there is a home invasion in YOUR home, suddenly the pendulum swings the other way as we go into defensive and offensive mode to put down this takeover of the government and economy.

It’s happening. You can see it in politics as incumbents get hammered, as well they should, in new groups forming just to get heard or just to get the the existing person in office out and somebody, anybody else in. Voter anger is only part of this. Civil incidents are rising and will continue to rise until the vast majority of people start believing that the government is keeping the peace and the government is returning the piece of the American pie to its people.

What I think is the only legally, ethically and morally right thing to do is the only practical thing to do to drain the swamp before everyone ends up below the poverty line regardless of their current apparent economic condition. The economy needs the injection of trillions of dollars in individual wealth to start a REAL RECOVERY and the government doesn’t have it and can’t print it without causing even worse conditions than we now have.

Those trillions of dollars are locked up in the bondage of bogus claims by bogus intermediaries who are holding REO property from fraudulent foreclosures and who are adding to that pile of wealth every day because the judicial system is letting them. It is true that a complete change of policy that gives the middle class and poor the benefit of the bargain they thought there were getting when they accepted the “loan product” that they were sold, along with a fraudulent appraisal and fraudulent claims that the appraisal had been verified in the underwriting process that had been fraudulently claimed to have taken place.

The trick of this scheme was to make absolutely certain that the loans pools failed. That is what they did. And to make it fail-safe they put conditions in the pools that even if they were largely performing they could still be declared in default and collect money on insurance, counter-party risk obligations (credit default swaps) etc. But they knew that virtually all the loans would fail because regardless of the borrower’s ability to pay, which they sought to recruit at as a low a standard as they could find, they knew the borrower would not WANT to pay because the  deal turned out to be like one of those car deals where you drive off the lot and you already lost 20%, drive another 100 miles and you lost 25% and so on.

Practically every borrower thought when they accepted these deals that they had equity in the deal. Practically none of them did actually have equity. They had a loss and it got worse with each passing month and every dollar they put into the home. That loss was Wall Street’s gain. By any legal standard that I know that gain was illicitly obtained and should be re turned to the borrowers. If the borrowers were offered a deal where they ended up with at least part of the equity they were sold, the foreclosures would end, the housing market would rebound, the consumers would have money, the economy would start recovering and Wall Street would shrink back to where it belongs — a small portion of a vibrant economy that actually makes things of value that people want and actually performs services that people want and will pay for.

Free house? Maybe, if that is what it takes put the deal right after they robbed the homeowner blind. In most cases, no it won’t take that much. And in all cases the free houses are being given to intermediaries who never invested a dime in the deal would stop. The free houses that are being greedily split up by disinterested parties who have been paid multiple times on a transaction that never should have happened in the first place would also stop. Wall Street would groan and scream and call it socialism, as though ANY system of government or economics would allow the institutionalization of theft and the socialization (payment with citizens money) of losses.

We already paid for those losses by socializing the ridiculous machinations of Wall Street. Shouldn’t we get something for our investment? Shouldn’t there be some sort of exit strategy that leaves the economy right side up? And shouldn’t there be a day of reckoning for those caused this catastrophe?

  • What would be so bad if that day of reckoning also was the day we put things right with homeowners?

  • What would be so bad if some homeowners made out a little better than the Wall Street thieves who caused this mess, especially if it produced a healthy economy?

  • Do we really WANT our neighbors home to go down in flames when we know it will cause fire damage to our own home, just because he was smoking in bed, drunk, passed out?

  • When do we get practical about this and simply say, we want the economy right-side up, we want our society free and controlled by the people and for the people and if that ends up offending some souls out there, they’ll get over it or they won’t. Who cares?

September 16, 2010

Recession Raises Poverty Rate to a 15-Year High

By ERIK ECKHOLM

The percentage of Americans struggling below the poverty line in 2009 was the highest it has been in 15 years, the Census Bureau reported Thursday, and interviews with poverty experts and aid groups said the increase appeared to be continuing this year.

With the country in its worst economic crisis since the Great Depression, four million additional Americans found themselves in poverty in 2009, with the total reaching 44 million, or one in seven residents. Millions more were surviving only because of expanded unemployment insurance and other assistance.

And the numbers could have climbed higher: One way embattled Americans have gotten by is sharing homes with siblings, parents or even nonrelatives, sometimes resulting in overused couches and frayed nerves but holding down the rise in the national poverty rate, according to the report.

The share of residents in poverty climbed to 14.3 percent in 2009, the highest level recorded since 1994. The rise was steepest for children, with one in five affected, the bureau said.

The report provides the most detailed picture yet of the impact of the recession and unemployment on incomes, especially at the bottom of the scale. It also indicated that the temporary increases in aid provided in last year’s stimulus bill eased the burdens on millions of families.

For a single adult in 2009, the poverty line was $10,830 in pretax cash income; for a family of four, $22,050.

Given the depth of the recession, some economists had expected an even larger jump in the poor.

“A lot of people would have been worse off if they didn’t have someone to move in with,” said Timothy M. Smeeding, director of the Institute for Research on Poverty at the University of Wisconsin.

Dr. Smeeding said that in a typical case, a struggling family, like a mother and children who would be in poverty on their own, stays with more prosperous parents or other relatives.

The Census study found an 11.6 percent increase in the number of such multifamily households over the last two years. Included in that number was James Davis, 22, of Chicago, who lost his job as a package handler for Fed Ex in February 2009. As he ran out of money, he and his 2-year-old daughter moved in with his mother about a year ago, avoiding destitution while he searched for work.

“I couldn’t afford rent,” he said.

Danise Sanders, 31, and her three children have been sleeping in the living room of her mother and sister’s one-bedroom apartment in San Pablo, Calif., for the last month, with no end in sight. They doubled up after the bank foreclosed on her landlord, forcing her to move.

“It’s getting harder,” said Ms. Sanders, who makes a low income as a mail clerk. “We’re all pitching in for rent and bills.”

There are strong signs that the high poverty numbers have continued into 2010 and are probably still rising, some experts said, as the recovery sputters and unemployment remains near 10 percent.

“Historically, it takes time for poverty to recover after unemployment starts to go down,” said LaDonna Pavetti, a welfare expert at the Center on Budget and Policy Priorities, a liberal-leaning research group in Washington.

Dr. Smeeding said it seemed almost certain that poverty would further rise this year. He noted that the increase in unemployment and poverty had been concentrated among young adults without college educations and their children, and that these people remained at the end of the line in their search for work.

One indirect sign of continuing hardship is the rise in food stamp recipients, who now include nearly one in seven adults and an even greater share of the nation’s children. While other factors as well as declining incomes have driven the rise, by mid-2010 the number of recipients had reached 41.3 million, compared with 39 million at the beginning of the year.

Food banks, too, report swelling demand.

“We’re seeing more younger people coming in that not only don’t have any food, but nowhere to stay,” said Marla Goodwin, director of Jeremiah’s Food Pantry in East St. Louis, Ill. The pantry was open one day a month when it opened in 2008 but expanded this year to five days a month.

And Texas food banks said they distributed 14 percent more food in the second quarter of 2010 than in the same period last year.

The Census report showed increases in poverty for whites, blacks and Hispanic Americans, with historic disparities continuing. The poverty rate for non-Hispanic whites was 9.4 percent, for blacks 25.8 percent and for Hispanics 25.3 percent. The rate for Asians was unchanged at 12.5 percent.

The median income of all households stayed roughly the same from 2008 to 2009. It had fallen sharply the year before, as the recession gained steam and remains well below the levels of the late 1990s — a sign of the stagnating prospects for the middle class.

The decline in incomes in 2008 had been greater than expected, and when the two recession years are considered together, the decline since 2007 was 4.2 percent, said Lawrence Katz, an economist at Harvard. Gains achieved earlier in the decade were wiped out, and median family incomes in 2009 were 5 percent lower than in 1999.

“This is the first time in memory that an entire decade has produced essentially no economic growth for the typical American household,” Mr. Katz said.

The number of United States residents without health insurance climbed to 51 million in 2009, from 46 million in 2008, the Census said. Their ranks are expected to shrink in coming years as the health care overhaul adopted by Congress in March begins to take effect.

Government benefits like food stamps and tax credits, which can provide hundreds or even thousands of dollars in extra income, are not included in calculating whether a family’s income falls above or below the poverty line.

But rises in the cost of housing, medical care or energy and the large regional differences in the cost of living are not taken into account either.

If food-stamp benefits and low-income tax credits were included as income, close to 8 million of those labeled as poor in the report would instead be just above the poverty line, the Census report estimated. At the same time, a person who starts a job and receives the earned income tax credit could have new work-related expenses like transportation and child care. Unemployment benefits, which are considered cash income and included in the calculations, helped keep 3 million families above the line last year, the report said, with temporary extensions and higher payments helping all the more.

The poverty line is a flawed measure, experts agree, but it remains the best consistent long-term gauge of need available, and its ups and downs reflect genuine trends.

The federal government will issue an alternate calculation next year that will include important noncash and after-tax income and also account for regional differences in the cost of living.

But it will continue to calculate the rate in the old way as well, in part because eligibility for many programs, from Medicaid to free school lunches, is linked to the longstanding poverty line.

Reporting was contributed by Rebecca Cathcart in Los Angeles, Emma Graves Fitzsimmons in Chicago, Malcolm Gay in St. Louis, Robert Gebeloff in New York and Malia Wollan in San Francisco.


16 Responses

  1. It is also important to mention that it has been Jews themselves who had touted the ideology that they are a distinct race separate from all Goyim/Gentiles (Non-Jews i.e. Humans) and actually despises and considers them all to be their natural enemy. And I personally have nothing against any ethnicity of the human race and in fact have a very multi-cultural family all whom which I love equally. So anybody stupid enough to claim that these statements are racist let me pre-counter with that I am the exact opposite and against racism which is the de facto modus agendi of the Zionist Jews in creating the belief structure that only they have rights and the rest of us only exist at their mercy.

  2. The terms Wall Street and the bankers are nothing but mere euphemisms when you look at the defining identity of who all that control them and a large percentage of those holding government positions or at many major influence on key political figures whom allow this to happen, which separate them from the rest of the American people. Let’s say to all these identities were that of a German heritage without objection it would be thrown into the mainstream that these oppressors were Nazis and the majority will be quick to follow. But the fact of the matter is they’re not German but are in fact Zionist Jews who are doing the same thing to us as they did to Germany when they strategized to starve Germany by exploiting its dependency on exports which is how they were able to provide food for their country. This was in fact what caused the Holocaust Germany did not declare war on Jews, Jews declared war on Germany. See> http://www.wintersonnenwende.com/scriptorium/english/archives/articles/jdecwar.html . Germany was not the first, throughout history they have done this to many nations like Argentina and Spain. Probably the country that suffered the most from their rath and terror was Russia in the Bolshevik revolution were the Jews killed tens of millions of Russians who opposed their Zionist takeover. I also must stress the point that we need to be cautious about being quick and anxious to elect somebody anybody else, when this is one of the protocols of Zion protocol number 10. The American people should not be forced to wait every however many years to rid themselves of defective leadership, we have every right and should after this upcoming election immediately establish a new form of election procedures because with the current ones in place it’s too easy for the ones corrupting the government to keep it in a corrupted state always a premeditated control. In my opinion if the tree of liberty and our constitutional republic of We the People is to grow and flourish organically, and the true power resides in the People in the process of new individuals sheding and blooming in political positions should be cyclically similar to that of a tree where the process occurs every year. Logically it is the only fair and equal way for the people to maintain their sovereignty in these United States and at the same time prevent an absolute power from substantiating in the hands of a few only to enslave and oppress the majority was no chance of recourse.

  3. The regulations read:

    Each Federal reserve bank shall keep itself informed of the general character and amount of the loans and investments of its member banks with a view to ascertaining whether undue use is being made of bank credit for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions; and, in determining whether to grant or refuse advances, rediscounts, or other credit accommodations, the Federal reserve bank shall give consideration to such information. The chairman of the Federal reserve bank shall report to the Board of Governors of the Federal Reserve System any such undue use of bank credit by any member bank, together with his recommendation. Whenever, in the judgment of the Board of Governors of the Federal Reserve System, any member bank is making such undue use of bank credit, the Board may, in its discretion, after reasonable notice and an opportunity for a hearing, suspend such bank from the use of the credit facilities of the Federal Reserve System and may terminate such suspension or may renew it from time to time.

    These aspects of the Federal Reserve System are the parts intended to prevent or minimize speculative asset bubbles, which ultimately lead to severe market corrections. The recent bubbles and corrections in energies, grains, equity and debt products and real estate cast doubt on the efficacy of these controls.

    The punishment for making false statements or reports that overvalue an asset is also stated in the U.S. Code:

    Whoever knowingly makes any false statement or report, or willfully overvalues any land, property or security, for the purpose of influencing in any way…shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

    What is keeping us from writing our legislators demanding that they in turn demand that the federal reserve suspend the offending banks and deny them further use of OUR credit? And it goes without saying that anyone working at those banks that have a C in their title should be fined and spend time at the Greybar hotel. But thats’s not enough. Furthermore, we need to demand that our legislators seek charges against federal reserve board governors and appointees for the blatant lack of supervision that is clearly laid out above….for not reporting the flagrant and widespread fraud carried out by the banks that the these folks were supposed to be in charge of, watching over, for using the fed’s (OUR) bank credit to trade in securities and real estate for speculative dealings inconsistent with the maintenance of sound credit conditions, very clearly laid out above as well.

    I’m ready for public lynchings. I’ll settle for several thousand Armani suits traded in for jumpsuit orange in federal prisons. I don’t care if we have to build new prisons to hold them. I know a few million people who could use a job in construction about now.

  4. 44 MILLION IN POVERTY AND STILL CLIMBING. We can trace this back to the banks and the massive fraud they committed by creative the risky loans. The risk they created was sluffed off to the citizens of this nation who are marginalized by the people they elected and the agencies installed to protect them from the excesses of the corporate mentality. Neglected by the lawyers who practice on purely entrepreneurial motives. If you have no money you cannot have even the assemblance of justice. A justice system that has a disdain for the self represented.
    I have sought to enlist the City of Sacramento to help stop the massive foreclosures which erode their revenue base, debase its citizens, and waste the productive capacity of this nation. 3 times have I gone before the council members presided over by Mayor Kevin Johnson imploring them to send a letter to the regulatory agencies DEMANDING that they issue a cease and desist order to its members from using the power of sale provisions and ordering them to go to court where the homeowner can raise affirmative defenses and have a jury trial. Most of the loans were predatory so the defense of “unclean hands” could be an effective defense to stop the foreclosure and put the banks in a position to modify the loan. So far the council members and Mayor Kevin Johnson has sat on their hands even though on the last encounter he promised to read the proposal and get back to me in a “timely manner”. It has been over a month. What does timely manner mean? these are elected officials sworn to defend the Constitution from enemies without and within. The enemy within is knocking on the homeowners doors telling him that he has to leave his home because he hasn’t made his mortgage payments from a crisis created by those very same banks in their quest for entrepreneurial creativity and freedom. If the agencies fail to comply with the demand letter then the city should go to federal court to seek a writ of mandamus and preliminary injunction against the non judicial foreclosures by federally chartered bank corporations. Since only issues of law are involved, summary judgement would be appropriate. It would be a lot faster than a class action, although a class action could also be done in conjunction and I am also proposing this to class action attorneys.
    Letters should be sent to the city of Sacramento demanding that they proceed with the course of action that I have outlined

  5. I also sit here amazed that no one has been put in the pokey for this whole thing. That is something I will never forgive.

  6. Iceland is considering charges against it’s former prime, foreign, finance, and business ministers. What a novel idea! Who would ever think to hold accountable those whose actions destroyed the planet, all for the sake of greed?

    We’re too proper in the US to consider such actions. Besides, the federal reserve, although directly responsible for the carnage on Wall street that flowed out to Main street like a broken cess pool line, has far too many involved to actually pursue charges. Instead, all the king’s men are all still gainfully employed, while we the people, those of us on Main street, are left holding our noses from their stench, while we look for a job and shelter.

  7. The A MAN

    I agree with you 100%. I have said from the beginning that the Banks own America., especially Bank of America. I cannot get it why Americans cannot figure that out. That’s the core of the problems in our Country.

  8. PJ

    When the mortgage crisis hit – Mr. Hank Paulson determined our fate. There was an opportunity to fix the fraud against homeowners. However, Mr. Paulson said “NO” – and there was no going back from that point. Mr. Paulson controlled.

    I recall the media broadcasting – and how CNBC – had Mr. Paulson waiting in the lobby – to make sure all was properly broadcast as Mr. Paulson desired – “The people are to blame – they bought too much house – they are the cause of all problems.”

    Mr. Paulson – you were very, very, wrong. You have caused more harm to our country. We will prove you wrong. We will win. We will expose what was has been covered up. And, may there be new investigations.

  9. We’ve been banging our heads on a brick wall for too long, we’ve gotten brain damaged!
    We keep missing the obvious things like:

    HOW DO THEY KNOW WHEN WE STOP MAKING PAYMENTS?
    HOW DO THEY KNOW THE HOUSE IS IN DEFAULT IF THEY CAN’T FIND THE NOTE, AND THE NOTE HAS BEEN SOLD, OVER AND OVER.
    HOW DO THEY KNOW?
    WE NEVER GET A NOTICE UNTIL A PAYMENT IS LATE

    HOW ARE THEY KEEPING TRACK OF PAYMENTS OR MISSING PAYMENTS?
    WE NEVER GET TO SEE A RECORD OF PAYMENTS MADE, NEVER SEE A CURRENT LISTING OF PAYMENTS RECEIVED OR NOT RECEIVED.

    HOW DO THEY KNOW?
    AND IF THEY KNOW THERE WAS NO PAYMENT, THEN THEY KNOW WHO DIDN’T GET PAID.
    IF THEY KNOW, THEN THEY SHOULD HAVE TO TELL US WHO OWNS THE NOTE!

    HOW DO THEY KNOW WHEN TO FILE A FORECLOSURE?

    WHO IS THE MORTGAGE SERVICER SENDING THE MONEY TO?
    WHO ARE THEY NOTIFYING THAT NO PAYMENT WAS MADE THIS MONTH?

    We forgot that we paid real money into our homes, and that it counts as an interest in the property and a cloud on the title.

    We’ve been bullied so long and so hard that we’re now punch drunk and staggering, about to fall down for the last time.

    We still have proof of those payments, even though the banks made sure to never send us a receipt for any payments made, ever.
    Where did those payments go?
    Who cashed those checks?

    WHO THE HELL IS GETTING PAID?
    THAT MONEY IS PUT INTO SOMEBODY’S BANK ACCOUNT SOMEWHERE!

  10. Fear is nothing more than an emotional response to the perception of danger coupled with the belief that ‘I can’t handle it’. If you change that belief to ‘I can handle it’, you no longer will be experiencing fear. You will simply see what you are facing as a challenge… an opportunity to test yourself. You’ll be energized. You’ll actually fight harder and better.

  11. Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin slitting throats. — H. L. Mencken

  12. After I protested down at the foreclosure auction, I went to a business lunch…..all architects talking about the devastation in the industry. They all know what I am doing and thus have been ushered into their “inner circle.” At least THEY get it!

    After the lunch, I thought, what the heck. I parked my car and took my sign to in front of Chase smack in the middle of downtown across from a large gathering area in our city. IT WAS AWESOME!!! The bank personnel didn’t quite know what to do….they were all gathering together around the security guard. She kept glancing at me…..they looked incredibly nervous. I talked to many people on the street. Obviously, there were those that thought I was a kook, but overwhelmingly got support. And, I kept asking every single person walking toward their door to “Move Your Money” from the big banks. This one lady asked me, “What?” I repeated, “Move your Money.” She looked confused and getting angry. So, I said, “You know you are doing business with criminals?” Then she blew up and told me that I was doing business with criminals every day and how dare I tell her what to do. I calmly said, “Not consciously, I don’t.” Very interesting. She knew.

  13. A bit off subject but hope you all catch the CNBC program “Meeting of the Minds” featuring “To BIG to FAIL” proponent Hank Paulson lecturing cadets at West Point on , hummm INTERGRITY! What a slap in the face to the brave men & women who risk their lives for this counrty so retch’s like Paulson and friends get to rob this nation and their people blind.

  14. What we’re seeing and feeling is the clouds off in the distance, starting to kick up a wind. And it’s going to
    be one perfect storm. All of the moronic financial pundits who believe we’re doing better economically,
    actually point to the stock market and Wall Street as some kind of indicator. How ludicrous is that?

    Prying open the cash filled hands and pockets of the Wall Street thugs and their puppets on the Hill will
    NOT happen without an all out class war. They’d rather go down in flames rich, even if their wealth is only temporary, than help out society. Our system of political corruption and CEO greed has very effectively
    deleted the middle class, as if our function is no longer needed. Why indeed should we produce anything of value, when there’s so much profit to be made by manipulating markets? It’s a no-brainer for money managers.

    Just read this one line from the NY Times concerning Warren’s appointment….”But she has drawn fire from
    financial institutions for her persistent attacks on abusive, deceptive and unfair lending practices. Banking executives as well as some Treasury officials say she has been overly broad in criticizing those practices….” How could we ever hope to be helped by politicians and bankers who can even think this way, much less speak it out loud, or use mind-sets like these in policy meetings?

    Income disparity the likes of which we’re seeing now, insure that the 1% who own 40% of all of earth’s
    assets, just keep piling more of the money, a little portion of which used to go to the lower and middle class. When the latter groups realize that the rules have changed, that it’s impossible to keep a roof over your families head any longer, due to the fact that your home was sold when you thought you were the purchaser, the shit will hit the fan. When unemployment reaches heights double that of the 1930s, the fan blades will break.

    There are indications that the banks are ramping up their foreclosures and are about to start unloading their inventory, as they realize that prices are just continuing their downward spiral, and that it’s futile to hope for a price turn-around. This will be the last straw for all of the folks who used to be against the moral hazard of helping their neighbors who were having difficulties, when they see their gated communities and their own homes being stripped from underneath them by these banking cartels. Communities of rot, the homeless in poverty on every (used to be) neighborhood corner.

    The extend and pretend program has failed miserably. The banks are going to crush us all under the weight
    of their hubris. Does anyone here actually believe that we’ll be able to clawback any of the trillions of
    dollars we threw away on these TBTF banks? A class war will be painful, but is inevitable. Let’s just hope
    we can keep it from going into complete societal collapse. I hate when those things happen.

  15. THE BANKS OWN AMERICA NOT WALL STREET. WALL STREET WORKS FOR THE BANKS.

    OTHER THAN THAT I AGREE WITH EVERY WORD.

    THE WORDS OF ENCOURAGEMENT IS THAT I BELIEVE THAT THE BANKS “TO BIG TO FAIL” LIKE THE DINOSAURS WILL BE EXTINCT PRETTY SOON.

    THE LAWS OF NATURE CAN BE DELAYED BUT THEY ALWAYS WIN.

    THE BANKS WILL COLLAPSE AND WE WILL HAVE NEW OPPORTUNITIES.

    TO THE POLITICIANS YOU CAN’T TAX 44 MILLION AND COUNTING PEOPLE LIVING IN POVERTY SO YOU ALSO LOOSE.

    THE ONLY WAY WE CAN WITH THIS WAR IS IN THE COURT OF PUBLIC OPINION.

    SOCIAL NETWORKING SPREADING THE GOSPEL SHOULD BE OUR #1 GOAL.

    TO MY JEWISH BROTHERS AND SISTERS IF APPLICABLE HAVE AN EASY FAST.

  16. You are REALLY “getting” it now !! Bravo.
    We’ve spent our savings trying to save our home and the phantom lenders are still plowing ahead with eviction!
    A nationwide moratorium on foreclosure and evictions is the ticket.
    Restitution is in order. Our homes are paid for. Give back what you stole!

    We don’t need Congressional hearings over it.
    Senator Boxer wrote back to me after a month and said she would bring my request for a 90-day extension on the foreclosure before Congress. Of course, by that time, we are axed out of home!
    How about just picking up the phone, lady, and requesting a stay?
    Schwarzenegger’s office the same rhetoric. Where’s the balls?
    Vote ’em out!

    Sign an Executive Order and get it done!

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