Our last post regarding the year in review made light of the poor financial situation affecting this country.
In reality, the situation we're in is worse than you can imagine. Unemployment statistics reveal that as of November 2009, 15.4 million people are unemployed, a number that was 7.5 million in December 2007*.
The "Housing Bubble" is a stupid euphemism that means entire families are now living under bridges, in tent cities, in decrepit conditions and with other members of their families in crowded over-filled houses.
Who's to blame? Ordinary people are a minor cause. There were millions of people who bought houses without the means to support the mortgage payments. The MAJOR cause? "Predatory Lending" from major financial institutions that don't give a fuck.
From Huffington Post:
"The big banks on Wall Street, propped up by taxpayer money and government guarantees, have had a record year, making record profits while returning to the highly leveraged activities that brought our economy to the brink of disaster. In a slap in the face to taxpayers, they have also cut back on the money they are lending, even though the need to get credit flowing again was one of the main points used in selling the public the bank bailout. But since April, the Big Four banks -- JP Morgan/Chase, Citibank, Bank of America, and Wells Fargo -- all of which took billions in taxpayer money, have cut lending to businesses by $100 billion."
Have you had enough of this Wall Street Bullshit? Then help support Main Street!
Join a Grassroots Movement that can impact you and help free America from the callous, jaded and wholly unacceptable behaviour of these big banks.
In reality, the situation we're in is worse than you can imagine. Unemployment statistics reveal that as of November 2009, 15.4 million people are unemployed, a number that was 7.5 million in December 2007*.
The "Housing Bubble" is a stupid euphemism that means entire families are now living under bridges, in tent cities, in decrepit conditions and with other members of their families in crowded over-filled houses.
Who's to blame? Ordinary people are a minor cause. There were millions of people who bought houses without the means to support the mortgage payments. The MAJOR cause? "Predatory Lending" from major financial institutions that don't give a fuck.
From Huffington Post:
"The big banks on Wall Street, propped up by taxpayer money and government guarantees, have had a record year, making record profits while returning to the highly leveraged activities that brought our economy to the brink of disaster. In a slap in the face to taxpayers, they have also cut back on the money they are lending, even though the need to get credit flowing again was one of the main points used in selling the public the bank bailout. But since April, the Big Four banks -- JP Morgan/Chase, Citibank, Bank of America, and Wells Fargo -- all of which took billions in taxpayer money, have cut lending to businesses by $100 billion."
Have you had enough of this Wall Street Bullshit? Then help support Main Street!
Join a Grassroots Movement that can impact you and help free America from the callous, jaded and wholly unacceptable behaviour of these big banks.
The theory is that if ordinary people started to move their money into local community banks and credit unions, then the big banks wouldn't be able to spend millions of dollars to lobby the government against US. It's an idea so simple, that it just might work. Of course, we aren't economists but we are optimists and believe that one good turn deserves another.
WAKE UP SHEEPLE and JOIN THE REVOLUTION!
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