Tuesday, June 7, 2011

Banks, Bailouts and You

President Obama bailed out the banks.
However, the banks went on to take homes from people in record numbers of foreclosures.
A large number of those homes are still on the market and empty.
Many are showing the affects of nonuse.
The worst thing for a house is to be empty.
All kinds of things can happen to it from vandalism to natural damage.
In time, the property will have less value.
Instead of working with those who are having financial problems due to the economy, the banks just take.
The banks have been bailed out.
They were helped with incredible amounts of money.
Yet they will not help the people.
They would rather have a house sit there and rot away instead of letting people stay in them to avoid being homeless.
Where is Obama when it comes to people with little or no money?
He will help the rich, but not the poor.
Investment firms are buying houses at well below their values for future sales, thus making big profits.
The firms visit a house and look for any and everything that needs fixing or an upgrade.
Even if something is in great shape, they will say it is out of date and needs to be replaced.
In the end, they get the house cheap.
Why is this allowed?
The rich get richer while the poor get, well, you know.
Greed ruined the economy in the first place.
Now it is ruining lives.
The future looks scary right now.
The people are accepting what is going on instead of rising up.
We are being taken.
Our own tax dollars are even being used against us.
It is time to wake up or forever be a slave of a system that is not on your side.

George Vreeland Hill