James Israel HumorTimes.com August 1, 2012
If greed is good, these Banksters are holy
We used to have to worry about gangsters taking over cities in the U.S. Now it’s Banksters, and they’ve got the whole country on its knees.
In 2008, the Banksters held us up, barrel to our heads, threatening to unleash economic collapse. They got their loot, in the form of a humungous bailout, and have continued with business as usual. Not only with the same ol’ shit that got us here, but then they added a neat trick: Foreclosing on the very Americans that bailed their greedy asses out.
Instead of renegotiating what was obviously an overvalued asset — one they could not sell for more than the current market value anyway — these slimeballs would rather cut and run. Of course the clincher is, by foreclosing on such a huge number of homes, they actually caused a glut, and devalued the houses even further.
But they don’t care! They successfully robbed you and me and all of America of all the monies paid into those properties up to that point!
Hell, the bastards were even caught cheating in the foreclosure process to save a few bucks, and to probably get a few more foreclosures they would’ve gotten otherwise.
They promised to quit the illegal “robo-signing.” But, guess what? They continued. Surprised?
America’s leading mortgage lenders vowed … to end the dubious foreclosure practices that caused a bruising scandal last year. But a Reuters investigation finds that many are still taking the same shortcuts they promised to shun, from sketchy paperwork to the use of “robo-signers.” — Reuters
Can you say, “unbridled greed”?
And their talent at inventing new ways to scam us continue, as evidenced by the LIBOR scandal.
WHY aren’t at least some of these people in jail???