Monday, June 13, 2011

Better Late Than Never? Government Finally Penalizes Major Banks for Mortgage Mod Failures

On Thursday, the Treasury Department announced it would be withholding government subsidies to the country’s three largest mortgage servicers, which are also among the U.S.’s largest banks: Bank of AmericaWells Fargo, and JPMorgan Chase. The banks won’t be getting more money until they show “substantial improvement.”

SUBSIDIES?  THE AMERICAN TAXPAYERS ARE GIVING MONETARY SUBSIDIES TO THE BIGGEST BANKS AS WELL AS THE BIGGEST OIL CO'S??

WTF, OVER?
GO.READ

BE SURE TO CLICK EACH BANK'S LINK ABOVE IF YOU DO NOTHING ELSE, TO SEE HOW MUCH FUCKING MONEY WE HAVE/ARE GIVING THEM!  NO SHIT!  AND MEDICARE ONLY PAYS 80%  AND MEDICARE IS UNDER THE REPUBLICAN AXE!  PLEASE, SOMEONE, PLEASE, BUY OUR HOME SO WE CAN MOVE OUT OF THIS WHORE OF A COUNTRY.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.