Victims of Predatory Lending Are Being Preyed Upon Again

The Center for Public Integrity has reported in their 88 page report entitled “Who’s Behind the Financial Meltdown?” that billions upon billions of dollars were poured into the coffers of John McCain, George Bush, Cheny, Hilliary Clinton and many other public officials, in order to influence them to deregulate the mortgage industry and allow a kind of financial orgy to ensue. Countrywide, Bank of America, Wells Fargo and others were major contributors.

We all now know how their investments resulted in our global crisis; what few are pointing to is how it is continuing.

Ironically our Change President Obama has supported and even helped push through spending Bank bail out measures that exceeds One (1) trillion dollars. The short of it is that 1 trillion dollars could have actually been committed to an entirely new, independant banking system which could have extended refinancing to every single qualified home owner throughout the US; refinanced them at their home’s current market rate; extended credits/loans to every single small business throughout the country who was struggling with payrolls and new equipment purchases and lifted the economy at least 20 times more than where it stands currently. This new bank could be the U.S. People’s Bank ran by citizens on a credit union model. After all, it is all of our money, not theirs alone!

Obviously this would have called for the bankruptcy of all those poorly ran organizations and the denial of millions of dollars in payments which have been, and continue to be made, to key persons who were part of creating this mess.

This entire drama is illustrating just how corrupt humans, particularly men are. There is very little regard for the average citizen and a complete disregard for honesty and ccaring. Our public officials are voting for the interests of multimillionaires and has obviously corrupted President Obama.

Now the banking and mortgage industry are not the only culprits here. Oil companies had the most perfect timing in stabbing our economic heart with their outrageous oil and gasoline prices. Yes, yes Europeans and others pay much more, however, American people have and continue to subsidize the oil industry in numerous ways which makes their empires possible. Even the Saudias owe their current abilities to America who took down Saddam Hussein.

There is now an entire Cottege Industry which has sprung up where persons are calling themselves loan auditors, loan modifiers and more. They are contacting the very citizens who were already victimized by this all, to trust them to help them out for several thousands of dollars. The government is doing very little to notify the Public about these dangers and are condoning the culprits. Disperation breeds ignorance.

The only way to get out of this nightmare is for all of us to take conscious efforts to wake up and take actions with our representatives that calls them on their alliances and to become representatives ourselves in some form.