ex-banker losing home and his view

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/page/2/

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—

Note this part
… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

[blahblahblah]

Note this part
… buying back the properties and sitting on them.
Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Why not? They get unlimited free money from government bailouts, they can do damn well whatever they please.

It is very interesting, we are turning into something like the old USSR with banks and corporations assuming the roles of the Soviet ministries. They don’t have to produce quality products or services, they just have to browbeat the politburo whoops I mean congress into submission to get their hands on our money.

It’s very surreal to see all of the empty condo towers downtown dark at night while there are tons of homeless people sleeping in the streets. I guess it’s all part of our five-year plan, comrades.

[blahblahblah]

Note this part
… buying back the properties and sitting on them.
Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Why not? They get unlimited free money from government bailouts, they can do damn well whatever they please.

It is very interesting, we are turning into something like the old USSR with banks and corporations assuming the roles of the Soviet ministries. They don’t have to produce quality products or services, they just have to browbeat the politburo whoops I mean congress into submission to get their hands on our money.

It’s very surreal to see all of the empty condo towers downtown dark at night while there are tons of homeless people sleeping in the streets. I guess it’s all part of our five-year plan, comrades.

[blahblahblah]

Note this part
… buying back the properties and sitting on them.
Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Why not? They get unlimited free money from government bailouts, they can do damn well whatever they please.

It is very interesting, we are turning into something like the old USSR with banks and corporations assuming the roles of the Soviet ministries. They don’t have to produce quality products or services, they just have to browbeat the politburo whoops I mean congress into submission to get their hands on our money.

It’s very surreal to see all of the empty condo towers downtown dark at night while there are tons of homeless people sleeping in the streets. I guess it’s all part of our five-year plan, comrades.

[blahblahblah]

Note this part
… buying back the properties and sitting on them.
Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Why not? They get unlimited free money from government bailouts, they can do damn well whatever they please.

It is very interesting, we are turning into something like the old USSR with banks and corporations assuming the roles of the Soviet ministries. They don’t have to produce quality products or services, they just have to browbeat the politburo whoops I mean congress into submission to get their hands on our money.

It’s very surreal to see all of the empty condo towers downtown dark at night while there are tons of homeless people sleeping in the streets. I guess it’s all part of our five-year plan, comrades.

[blahblahblah]

Note this part
… buying back the properties and sitting on them.
Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Why not? They get unlimited free money from government bailouts, they can do damn well whatever they please.

It is very interesting, we are turning into something like the old USSR with banks and corporations assuming the roles of the Soviet ministries. They don’t have to produce quality products or services, they just have to browbeat the politburo whoops I mean congress into submission to get their hands on our money.

It’s very surreal to see all of the empty condo towers downtown dark at night while there are tons of homeless people sleeping in the streets. I guess it’s all part of our five-year plan, comrades.

[Casca]

Da comrade. When the inflation comes, they will pretend to pay us, and we will pretend to work.

[Casca]

Da comrade. When the inflation comes, they will pretend to pay us, and we will pretend to work.

[Casca]

Da comrade. When the inflation comes, they will pretend to pay us, and we will pretend to work.

[Casca]

Da comrade. When the inflation comes, they will pretend to pay us, and we will pretend to work.

[Casca]

Da comrade. When the inflation comes, they will pretend to pay us, and we will pretend to work.

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