Are we really that surprised? I’m not.
By now, I hope we all know about the bankster settlement – $25 billion from five huge banks over mortgage and foreclosure abuse. Of that money, several $2.5 billion is supposed to go to the states and intended to help homeowners and reduce the negative impacts of the foreclosures. As it happens, though, there were no strings attached, so many states are diverting some or all of the money to other budget items.
Don’t misunderstand me – most (27) states are actually devoting all of the money to housing programs. But about 15 have already said they will use most or all of the money for other purposes.
What does this mean? It means that the government doesn’t have homeowners’ backs on this, and it is up to homeowners to stand up to the banks, not the government. If we want to keep our homes, we need to fight for ourselves.
So let’s take the fight to the banksters. Let’s show them that we have the courage, the will, and the guts to keep our homes in the face of their predatory lending and blatantly unfair and dishonest foreclosure practices. In the end, if we don’t do it, nobody will.