The 1932 program wasn't designed to turn a profit,
its goal was to stabilize the mortgage market and end foreclosures.
HAMP pays mortgage servicers up to $1,800 to attempt to rescue a
mortgage. If the home goes into foreclosure the Federal Reserve will
issue the lender a credit for the full amount of the loss. Why should
the bank want to rescue your mortgage when they can get all of their
money back simply by letting you fail? Would you trust a policeman to
protect you who stands to collect on your life insurance? When you
leave rescue to the same people who caused the problem this is what
you get.
The political narrative from the financial industry has been all along that we Americans are dead beats and scam artists and that we deserve whatever happens to us. Corporate Obama calls those of us eligible for mortgage rescue "deserving homeowners" while banks are "too big to fail" you see, "some animals are more equal than others" and the financial industries narrative has been from the start to always blame you.
The mortgage crisis was all your fault; we invaded Iraq to defend you! Those people should have left New Orleans; the jobs went over seas because American's didn't want them. Public employee unions are too expensive, teachers unions make it too difficult to get rid of bad teachers. Social entitlements are causing our deficit.
Eight billion dollars in annual agricultural subsidies
Four billion dollars in annual oil company subsidies
Cost of the War in Iraq and Afghanistan $1,173,932,169,274
HAMP mortgage rescue program annual budget $195 million
A bright future is out
there only its being denied to you by those who proclaim the free
market as they strangle it. A bright future is out there only it's
denied to you by those who profit from your misfortune and death. A
bright future is out there but it is clouded by the shoddy political
rhetoric of corporate and contrived media. A bright future is out
there once we understand that our greatest challenge in obtaining
that bright future is to overcome those who would enslave you while
proclaiming your freedom, who take credit for every success and blame
their every failure on you.
"Necessitous men are not free men."
Franklin Delano Roosevelt
The political narrative from the financial industry has been all along that we Americans are dead beats and scam artists and that we deserve whatever happens to us. Corporate Obama calls those of us eligible for mortgage rescue "deserving homeowners" while banks are "too big to fail" you see, "some animals are more equal than others" and the financial industries narrative has been from the start to always blame you.
The mortgage crisis was all your fault; we invaded Iraq to defend you! Those people should have left New Orleans; the jobs went over seas because American's didn't want them. Public employee unions are too expensive, teachers unions make it too difficult to get rid of bad teachers. Social entitlements are causing our deficit.
Eight billion dollars in annual agricultural subsidies
Four billion dollars in annual oil company subsidies
Cost of the War in Iraq and Afghanistan $1,173,932,169,274
HAMP mortgage rescue program annual budget $195 million
"Necessitous men are not free men."
Franklin Delano Roosevelt
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