HowardR.I. Action for Homeowner and Bank Protection Act
Real Crash- Looking at the Financial System and the War Drive:
home in Hackensack, NJ
There is a house that's been on the market;;
Because the mortgage can't be paid;
But now with the credit crunch, it can't be sold;
The consequences must be weighed;
The banks get another foreclosured home;
That what the bubble has done;
And it's been the ruin of many a poor boy;
And God knows, you may be one;;
(Spoof: House of the Rising Sun)
Rhode Island now has both Senate and House passing the Homeowner and Bank Protection Act. I guess now all that waits if for the Governor of Rhode Island to sign it and send it as a memorandum to the President and Congress. So you see, not everyone in the United States has been brainwashed by Rush Limbaugh and Co. that everything is free enterprise, and if you get fooled and swindled, it's your fault. Whole cities and towns stand on the brink of destruction and surrender to crime and drugs because of the swindle known as the real estate bubble.
The real estate bubble was supposed to crash in 2002-2003 but the financial community and politicians weren't ready for it to crash. So they created "No Verification" and "Not much verification" loans, so they could have an excuse to keep issuing mortgage paper. This in turn kept prices rising and in some cases doubling in areas such as South Florida, and many areas of California.
Now we have to decide, is this a government of the people, for the General Welfare, like it says in the Preamble of the US Constitution, or are the feudal real estate lords going to establish their supremacy over the new serfs?
