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Bankers Gone Wild In California!
Just when you thought it couldn’t get any worse, YouThinkWhat has video from California documenting the destruction of homes.
These homes have been destroyed because of the decision by the bankers. That’s right… bankers. The decision was made by the bankers, encouraged by avaricious politicians to destroy new homes. You may wonder why the bankers and the politicians are demolishing homes when so many are being dispossessed of their homes, but students of U.S history and especially the history of the Great Depression will understand that while people were starving in the Great Depression large oversupplies of food grown were being dumped into the ocean.
There are more than 100,000 people who are homeless in the City of Los Angeles alone. It is very strange that all this talk of surplus and excess homes seems to result in more and more people dispossessed.
If you believed the hype there should be two homes for everyone, at least that would make more sense than knocking them down, but not when you have bankers to rescue.
Here’s the story as reported by Patrick Thatcher of VVDailyPress.com
“Victorville-The housing collapse is taking a literal form for one bankrupt housing development.
Four model homes and 12 nearly finished spec homes at Bear Valley Road and Highway 395 are being demolished.
The developer filed bankruptcy about 18 months ago and the foreclosed property went to Guaranty Bank in Irvine.”
Guaranty Federal Bancshares, Inc is a holding company of Guaranty Bank which received a portion of the $750 Billion taxpayer bail out money last fall.
We did not support the bail out then. Sadly we are seeing the result of throwing more and more good money into the sewers, as if money could rescue money if only the pile is high enough.
The executives at Guaranty Bank led by Kenneth R. Dubuque, President and Chief Executive Officer in association with Chief Financial Officer Ronald D. Murff and Mark A. Crawford, Chief Risk Officer have as their core values conducting business “with the highest degree of integrity, honesty and efficiency.”
Watch the video you’ll see some of those core values being demonstrated as new homes are demolished because the decision makers at Guaranty Bank decided their “only option is to tear new buildings down.” If you think like a Guaranty banker you’ll conclude there’s no good reason why a good property should be sold at a loss allowing someone else to benefit, when it can be reduced to rubble allowing no one to benefit.
Tear it down they say. It’s their way of having a “significantly positive impact on the community….”.
It’s part of their strategy to show mutual respect, be passionate about business, playing to win, scorched earth style “Take no Prisoners”!
Rapunzel Rapunzel throw down your hair. The prince climbed up to the top of the tall tower, but when he got to the window he was met by a greedy banker who pushed him backwards down into the thorns where he was blinded.
The greedy bankers and politicians only hope we will be blinded, wandering confused, without memory or direction.
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