Bank Bosses - the cause of our resession!

The mortgage scam and excessive banking fees have basically bankrupt the American way of life. It’s important to understand that at the end of the day, all those bad loans had to be approved by the bank which forked out the money – meaning the banks were right in the middle of the scam.

Ok, it’s kind of simple! The banks raise the value of homes, and then grant families that would normally not qualify financing. Those poor SOB’s work their asses off to make the payments, for it’s the American dream to own a home. Loans are double, maybe triple what they used to be, the banks are raking in the money, greed at its finest.

I saw this happening in the as early as 2001. Homes in Orange County CA were selling for up to three times there real value, and they were selling in days. People were getting loans well over their means. Mortgage brokers were becoming rich, and the banks were approving everything. Why wouldn’t they, collecting payments 3 times the value!

Well, what the banks didn’t count on, is a recession, that would force families to miss payments because one or more family members loss their jobs. If there’s no paycheck, there’s no house payment made. Basically, the banks get there asses kicked.

Then, the assholes ask the American people for a bail out, a bail out that we are forced to give them. See, if a bank goes out of business, the take all the money with them, screwing the deposits of, yes again, the American people.

These same banks, Wells Fargo, Bank of America, Chase, to name a few, also worked to slowly put into place an overdraft and NSF fee system that would take Americans for everything they had, when the opportunity was right. These banks were left alone, by Congress, to create policies that would force customers to pay excessive fees or else! Extreme power in the hands of very greedy individuals. US banks earn about forty (40) billion dollars a year in overdraft/NSF fees.

US bank owners and the executives earning tens of millions of dollars a year are the cause of our recession, the cause of why many Americans don’t have the money to put food on the table, the cause of why so many Americans have lost the American dream. To put it lightly, they’re laughing all the way to the bank.

What really bothers me about this issue is that Congress, which has had the authority since 1978 to regulate the banks, have been NOTHING to protect us against these criminals. Both parties, all the Presidents, every Congressman, Every Speaker of the House, for the past twenty years has sold us out.

Fuck the “tea parties”; we need some “lynch mobs”. Seriously, these are crimes against the American way of life.

What you can do to help! The best way to help is to write your congressman. I have an inside on this and they do read their emails, well someone in the office does. See, they want to get re-elected, so they will act on an issue if a lot of people in their district complain. The only way to fix America is to speak out and let the jackasses in DC know how we feel.