Foreclosures and What Government Has Promised

November 3, 2011
By

The foreclosure nightmare for working folks in this city and in cities and towns across the land is an embarrassment and an abomination. Not since the Great Depression have so many faced losing so much after working so hard to gain for themselves their own homes.

The President has made countless announcements about government programs intended to help people out of foreclosure and to save their homes, to cut the size of mortgages underwater and to make available new lower interest mortgages for those who deserved them.

These programs almost en masse have been failures.

It is especially troubling that those losing their homes do not have either the administration or the US Government to bail them out.

The foreclosure crisis is symbolic of the nation’s lack of leadership.

It also points to the fact that our leadership simply doesn’t care about the plight of the working class or the working poor.

The government stopped caring about the middle-class ages ago.

Only the rich and powerful seem to matter.

What a shame that is for this nation.

  • Anonymous

    Refinance rates were higher today with PNC and Chase raising them but Bank of America and Citibank lowering them to find your rates with out SSN “Official Refinance” is the best

  • Anonymous

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  • Anonymous

    Once again, people want to be bailed out for mistakes they had made on their own with no help from anyone else. Don’t buy a house with 0 down if you can’t afford it. It’s as simple as that. Bail them out and offer them some common sense, if you don’t make enough money, you can’t have it!!


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