What they don’t tell you in the commercial, with the president of the bank loudly saying tough-talking anti-“socialist” trash… is that the money they’re refusing to “take” is not money targeted to the bank itself, but the people whose mortgages are owned by the bank. The bottom line is that the money is specifically Targeted, “earmarked” to people the Banker considers not worthy of the title human, he would prefer the terms “deadbeat” or “Loan thief” to describe those at the bottom of the heap, those taken in by the slick-dick advertising promoted by, among others, officials of his bank. “Why didn’t they read the anywhere between 8 and 21 page documents, mostly single spaced small-type sentences and paragraphs filled with phrases like “party of the second part agrees to indemnify party of the first part”? in the 25 minutes alloted to the sales pitch? OUR HIGHLY EXPERIENCED HIGH PRESSURE SALES AGENTS WHO
HAVE DECADES OF TRAINING AND EXPERIENCE IN HANDLING COMPLEX FINANCIAL INSTRUMENTS DON’T SIGN ANYTHING WITHOUT READING IT COMPLETELY FIRST AND CONSULTING LAWYERS AND ACCOUNTANTS ON ANY ISSUE THEY FIND QUESTIONABLE! So why do these Peasants who have been held in wage-slavery for their entire lives without any hope of ever learning about Financial Instruments not be prepared and bring THEIR accountants and legal representatives, like we do? Let them eat Cake!”
Yes, How DARE those Peasants ever dream of a better life, even though the bulk of Capitalist Propaganda is geared to telling them if they just work harder, longer hours, save more of their dwindling-in-value but seldom increased Minimum Wage to buy lots of stock in corporate enterprises, like those born to wealth did, they too could increase their wealth the same way those born to wealth did, minus of course the Work and Scrimping and Watching Their Families starve, die from lack of health care and forced to live in substandard Slum housing?
Slumlords like Douglas Bruce are especially vicious with that line of attack. Also not very zealous of his own stance of Tort Limitations when it comes to TENANTS who owe money to their Lords of the Land. The slumlords, like the “freedom loving” banker will sic their Tame Pet Police and Judiciary on the poorest of the poor to recover whatever the Richest of the Rich consider to be their own just and due payments.
Another housing bubble and another huge bank bailout being demanded by the world’s superrich! And the working people being asked to take the blame once again, tighten even further their belts, and ‘cut back’ from their already low standards of living. This time its Spain; last time it was Greece; and before that Iceland. The superrich once again say that if the common folk do not agree to their forced diet (austerity program), that things will get even more horrible for them! But with an unemployment rate already at 25% how much worse could it get for the average Spaniard? And who will the superrich come to take down next after they put their murderous programs in place in Spain? Spanish Banks Need $46 Billion, I.M.F. Says in Audit 