My Weblog

Let's Not Forget The Past

With all of the mortgage and financial crisis' that has occurred during this last year, one thing that you can depend on from a Politician is that he depends on the American Public to have short term memory.  Most of the time we do suffer from dementia, there has been lot of corruption in government.  We have sent people to Washington, DC to represent the people and they end up representing big business, corporations, and themselves.  For example,the mortgage crisis has been going on for years, and as I have previously said no one in the Congress, Senate, and Bush administration was interested until the financial institutions that screwed the American public started tumbling like dominoes.  I cut out articles from 2007 andI will share with you some of my findings: September 2, 2007-Dan Chapman of the Atlanta Journal Constitution(AJC) wrote, "HomeBanc Mortgage Corp. positioned itself as the Christian exemplar of "integrity" and "faith," seeking to "enrich and fulfill lives by serving each other, our customers and communities," according to its mission statement.  Meetings often opened with prayer....Christian employees appreciated the faith-based atmosphere....Fortune magazine perennially ranked Atlanta-based HomeBanc as one of the nation's top 100 companies to work for.  But the good vibes and good times crashed last month when the company filed for bankruptcy and laid off nearly all of its 1,000 employees with letter more than a goodbye, and a "good luck" and a $20.00 Publix card.  HomeBanc mortgage sold some of its mortgage loans and assets to Countrywide Financial Corp. and 400 of it's employees went to work for Countrywide Home Loans.  Last summer the Wall Street Journal warned of the "contagion effect" that could be created because "MARKETS FEAR US WOES WILL HIT GLOBAL GROWTH.  Then later Countrywide announced that it would cut 20% of its work force which added up to approximately 12,000 people.  In August 2007 investors on Wall Street were very concerned about Countrywides falling stock prices and some of the Main Street customers lined up at a branch near the corporate headquarters in Casabas as, California to ask questions and made withdrawals.  Countrywide boasted that it would survive and come out stronger."  Countrywide folded this year and Bank of America was ready! 

REALIZATION OF WHERE WE ARE ON LEHMAN/ MERILL DAY

OVER THE WEEKEND WE SAW LEHMAN BROTHERS EMPLOYEES GATHERING THEIR PERSONAL BELONGINGS AND TAKING THEM OUT OF THE BUILDING AS ONE EMPLOYEE DESCRIBED THE FESTIVITIES ON THE INSIDE AS BEER DRINKING CIGAR SMOKING GOOD TIMES.  THESE PEOPLE WERE DISRUPTED FROM THEIR NORMAL SUNDAY RITUALS, AND FOUND THEMSELVES OUT OF WORK, JUST LIKE SO MANY AMERICANS.  LEHMAN BROTHERS WILL FILE FOR CHAPTER 11 BANKRUPTCY PROTECTION IN NEW YORK, THAT WOULD MAKE IT THE LARGEST FAILED INVESTMENT BANK SINCE DREXEL BURNHAM 18 YEARS AGO.  WITHOUT GOVERNMENT BAILOUT LEHMAN BROTHERS LOOKED TO THE BRITISH BANK OF BARCLAYS.  WELL PEOPLE LET'S COME TOGETHER AND BAIL OURSELVES OUT BY REALIZING THAT WE NEED TO COME TOGETHER WITH OUT OWN FUNDS, BECAUSE WE WILL NOT BE ABLE TO GET ANY MORTGAGE LOANS ANY TIME SOON, UNLESS WE START TO BE OUR OWN SOURCE.

LET'S COME TOGETHER AND START OUR OWN CLUB TO FINANCE OUR HOME PURCHASES.  WE HAVE SEEN THE POWER OF POLITICAL CAMPAIGNS THAT HAVE RECEIVED MILLIONS OF DOLLARS FROM EVERYDAY PEOPLE.  WE CAN COME TOGETHER AND DO THIS FOR OURSELVES.  GIVE TO OURSELVES. 

writetofight

This WRITETOFIGHT WEBLOG is dedicated to anyone who has lost his or her real property for any reason.  Race doesn't matter, income doesn't matter, location doesn't matter, and profession doesn't matter.  Foreclosure can happen to anyone and it does.  Fortunately in the 21st century more and more people have had the American dream of being a home owner, but unfortunately in the 21st century more and more people are losing their homes.  So, what can we do?  We will investigate our options as we review history and begin to take matters in our own hands.  The title of this blog is self explanatory.  It is a place in the internet where we can take matters into our own hands and express and exchange ideas on how to start over after foreclosure, and it is a place where bloggers of humanity can come together, express creative ideas, offer opinions on topics of interest related to the present, past, and future.  Consider this blog, "A MEETING PLACE ON COMMON GROUND."  The mutual objective is to write and be willing to intellectually FIGHT for a cause you strongly believe in.  The internet is probably the most powerful communication tool of the 21st Century, and if the United Stated Government does not interfere by restricting our use of it, and/or taxing it, then it's power will sustain our opinionated voices for years to come. WRITETOFIGHT was originally created in 1998 as a consumer advocacy email address, and it is still the same today.  Let's explore or options as we think and give feedback to each other.  I have many topics that I hope to explore with you, but I want to start with the cruel exposure to the victims of the foreclosure process.