So now the banks are paying us back for the bailout we gave them. Not because they really want to, but so that they can get back to raping and pillaging before we figure out all of their tricks. Also, those bonuses need to resume, or they may have to hire ordinary folks, as opposed to the super heroes they were known to employ in years gone by and who helped steer us down this cattle chute of disaster. Of course, the big money Congress is talking about regulating the banks again but we all know that the money the banks are funneling into their re-election funds will prevent them from enacting any laws to curb them.These things we know, as well as how badly they stepped in and raised all of our interest rates and fees before the scraggly new law to "protect" us went into effect. Whew! So glad they are protecting us!
Let's talk about some of the other things banks are doing to further maim and debase the American people, (and by the way, European banks must be just about as nefarious as our own). I know of two very hard working, honest people with specific problems that have been magnified and made so much worse by the banks that are supposedly "trying to help Main Street". One woman, a nurse in a high school, after having been stuck in a bad car loan by her now ex-husband, struggled to make the ridiculously high car payment that he arranged for her. She got behind and played catch-up for a long time. Finally at the end of the line, she got ready to amil her last payment. Heading out to go the post office, the car was noticeably gone. Hmmm, where could it be? Call the bank and sure enough, repossession was the answer. Why would they string her out like that? Because the car was worth more than the payoff. If after struggling along for several years, the car had been worth less than owed, they would never have repossessed it. Paybacks are a bitch! In this case, well, she was probably better off because her ex-husband would have probably stepped in to claim it once it was paid for, but the idea of the bankers doing something vindictive like that makes me slightly sick.
Now another friend is having trouble, this time with her home. She lost her job last year and has had to fight and scramble everyday for twelve months. Bankruptcy has played a part, and thank God that was available to her, ( no thanks to the Republicans who set up the newest bankruptcy laws). Her mortgage got a little behind and now, due some detail in the bankruptcy rules, she is really in the soup. Why? Not because they have to threaten her, not because it is mandatory for the case to resolve, but because she has equity in the house. If she had none, they would be leaving her alone and letting her pay her payments and moving toward a possible loan modification. They may get it back, then they may make some money off it, they will definitely make my sixty-something,life long hard-worker more miserable than she needs to be.
Neat little trick, eh? If you are broke and you have no equity in your possessions, your bankers may leave you be. Woe be unto anyone who thinks they are going to get out of this with a couple of bucks, no matter what else you lost along the way. I haven't read or heard anything about this little angle of the banks but based on two things so close to home, I'll just bet it is a practice that they think they will get away with, with little or no trouble from the rabble that the banks have led to this point. I hope that this gets spread around a bit, I'm going to make an effort, anyway. More tricks like this will be popping up and the more they get talked about, the harder it will be for them to get past the politicians, millions in donations or not.
Recent Comments