America, it SADDENS ME that you are being robbed by monsters.
"Is help on the way?; $700b bailout offers no homeowner relief" by Jenifer B. McKim, Globe Staff | October 31, 2008
As the government spends billions to prop up troubled financial firms, Joyce Hodge doesn't understand why she can't get help to shave $400 off her monthly mortgage to avoid foreclosure.
The Roxbury mother of four has been calling her servicer for more than a year trying to renegotiate the $384,000 subprime loan, which carries an adjustable rate that could nearly double to more than 15 percent. She can't afford her payment, which jumped to $3,200 last year, and now she may lose her two-family home next month.
"I don't understand why [the banks] are being bailed out when they are the ones that caused a lot of the problems that some people in my situation are having," said the 44-year-old telephone operator. "What about the little people?"
We understand why: because the Congress WORKS for their MONEY MASTERS, not us!!!!! The "little people" get SCREWED as USUAL!
The government has focused on helping struggling firms with its $700 billion rescue plan, but talk about helping distressed homeowners has been largely that - talk.
Not only that, the newspaper just lied: Healthy Banks to Get Bailout Bill Loot
The Federal Deposit Insurance Corp. and the Treasury Department now are negotiating a plan that could involve a government mortgage guarantee for millions of homeowners. --more--"
Yeah, after all the goodies have been doled out to Wall Street and other financial corporations (including auto companies and insurers), then Washington will get around to YOU, taxpayers.
After all, it is ONLY YOUR MONEY!!!!
