It's the month of Elul, which is the Jewish Holy month. Every Elul, we look back on the year, think of the transgressions that we've committed, the relationships that we've mismanaged and we try to make ammends. Hopefully, we try to improve ourselves by asking for and giving Forgiveness.
It's also decreed in our Torah that we are to forgive all outstanding financial debt.
The US Federal Government should learn from this Torah decree and give Fanny Mae's and Freddie Mac's MORTGAGE HOLDERS the close to $100 Billion that has been earmarked to bail the two banks' sorry tushies out of trouble!!
It just makes more sense to use the $100 billion to forgive the mortgageholders' debt, rather than reward the greedy, lying bank executives that helped plunge our economy into the toilet.
Fannie Mae CEO Daniel H. Mudd earns $14.2 million. That's after he took a 15% cut!!! Freddie Mac CEO Richard Syron's approximate $19.8 million package. Let's take thier packages & add the compensation packages of the top 20 Fanny Mae & Freddie Mac executives to salvage these two financial institutions.
It's a novel idea, perhaps, to make the perpetrators pay for their crimes.
Look at it this way, the average homeowner works overtime and second jobs in order to afford a home downpayment and mortgage payments. This hard-working American probably averages 60+ hours each week with a huge percentage of that hard-earned paycheck going to taxes.
Currently, that tax money is not being used to help these hard-working citizens protect their investment, instead, their tax money is being used to finance the bank thieves who are going to foreclose and steal their homes!!
And after foreclosure, the banks are going to re-sell their homes for the banks' own profit.
The current administration is making us, the taxpaying homeowners, pay to be robbed by the banks!!!
Can someone please wake up and slap some sense into every single taxpayer who is either in foreclosure or looming towards foreclosure?
If the federal government wants to allocate $200M of OUR money to anyone, it better damn well be back into safeguarding our hard-earned investments.
It sure as Hell does NOT get to go back into the hands of thieves who mismanged it in the first place!
Can some of you taxpaying, mortgageholders get your hands off the remote control and/or computer mouse and get an organized riot down in Washington about this?
Didn't George W declare a "War on Terror" a few years ago? Well, guys, I think this is a form of domestic terrorism.
They're kicking us out of our homes, and, no one is going to jail over this mess up!!
Why are we cheering and watching the ridiculous Presidential elections while a whole bunch of us former taxpaying homeowners are going to be on the streets jobless AND homeless?
A few months from now, you may be out on the street (or worse, living with your parents or in-laws) while Danny Mudd will be knocking back beers with Richard Syron.
It's the month of retrospect and forgiveness. I think that we need to re-assess how our tax & mortgage payments were used and force our government to replensih our stolen funds.
Danny Mudd and Dick Syron got themselves into their mess, let them self-finance their way out of their mess.
If they put their money where their mouths are, we can forgive them.
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