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BREAKING NEWS: U.S. Banks Are Not Helping Consumers In Foreclosure
We know the headline isn’t really earth shattering news; we don’t know how else to get your attention so you know the banks are being protected. Your best interests are with someone who knows how to help you get out of your mess. Assistance for getting you out of your mess will not be found at the financial institutions. They are the ones who got us into the mess, and they are the money experts. Think about that.
Requests for assistance, i.e. loan modification, from consumers facing foreclosure or those who have received notice of foreclosure from the lender(s) who hold the mortgage(s) on their house, have increased.
The lenders do not find it profitable to help save your home. Even with the government money for the banks as incentive to help consumers, the banks skanks do not find it is profitable to help save families and communities. Glori-osky what a revelation! We are wondering how those bankers sleep at night.
Just as in the past, so it is today, the banks will be preserved at all costs.
The economic experts from the Federal Reserve Bank in Boston conducted research with results that state it would have worked better if the money given to the banks skanks–$75 Billion earlier this year had been given to the home owners to pay off those non-performing assets.
Fact is, if that $75 Billion had been given to John Q. and/or Madeline Homeowner-In-Default to pay off the debt, the bank would have no assets, non-performing or otherwise.
Let us waste no further time discussing what “should have happened”. Let’s talk about what is happening. Let’s find a solution to the situation.
It is important for the banks to have assets. It is important at all costs; even if it means keeping a class of financially indentured slaves so encumbered far into the future. How else will the banking class live the extravagant lifestyle they believe they are entitled to have?
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