Day 81-83 ~ disproportionate number of black students in foreclosed homes
Foreclosed Hospitals
Day 84-86 ~100 more foreclosures in a zip code equals 30% more attempted suicides, and hospitals are being foreclosed
Love and Justice
Day 87-92 ~ Eric Holder, as partner at Covington & Burling had Wells Fargo, Bank of America, etc. among his clients, giving us the illusion of justice because he had a selfish connection to banks. Settlements he orchestrated were grossly unfair to homeowners in direct proportion to being easy on banks.
Justice is Love
Day 93-99Â ~It is not enough for us to talk about love, love is one of the pivotal points of the Christian faith. There is another side called justice. Justice is love correcting that which revolts against love. Martin Luther King
Injustice
Day 100-106 ~ Fannie Mae hounds Americans to repay in full foreclosed mortgages where auction prices left deficits. In contrast, HSBC submitted inflated foreclosure fees to Fannie Mae, FHA and HUD and gets off with a sweetheart deal. Thanks, Loretta Lynch.
Working vs Creating Money
Day 107-113 ~ The Federal Reserve’s Modern Money Mechanics spells out how money is created. Basically, the U.S. Government exchanges bonds with the Fed for money. The bonds are simply “createdâ€. They reflect debt in that the government promises to pay. So money is founded on debt.
Fraudulent Bankers
Day 114-116 ~ Executives at the banks and lending institutions deliberately created a system to make fraudulent loans as a recipe for personal enrichment. Their very business models depended on making fraudulent loans–executives were determined to make their companies grow fast, to collect lavish compensation, and sell off the problem loans in the secondary market so they would be someone else’s problem when they blew up.
Foreclosure PTSD
Day 117-123~ I keep reliving the foreclosure of my condo. When I lived there I took cold showers after my hot water heater broke. I couldn’t afford my mortgage and a new heater. As soon as I had money I completed remediation of the outdoor toilet pit that had been under my condo, without being disclosed, and I bought a new water heater. My condo looked great. I got an offer that made the $15,000 in improvements worthwhile. But, I was told my condo had been foreclosed and auctioned.
Lost vs Taken
Day 124-132 ~ To say Americans “lost’ their homes implies it was their fault. When someone is mugged and has wallet and watch taken, we don’t say the victim’s wallet and watch were lost. Americans who had their homes taken by banks using fraud, deceit, dishonesty and deprivation of due process did not “lose†their homes. They had their homes Taken.
Unconscionable Capitalism
Day 133- ~ In researching “Robo-witness†I’m forced to confront this question: When banks take the homes of 18 million Americans in courts prejudiced in favor of banks, how is Capitalism serving people? You may ask why I say courts are prejudiced in favor of banks. Or, you may have had your home taken and know exactly what I mean.