Forum Post: Suspend All Foreclosures for 3 Years - Add Unpaid Monthly Payments to Loan
Posted 13 years ago on Oct. 14, 2011, 9:27 p.m. EST by VGH
(1)
This content is user submitted and not an official statement
Since the government used the people's money to bailout the financial institution, it is only reasonable that the financial institutions do not foreclose on people who are hurt by their irresponsible gambling on Mortgage Backed Derivatives. The equitable way to resolve this unfairness is to allow home owners who are unable to pay their mortgage to add the payments to their loans for 3 years and suspend all foreclosures. This will allow the people the opportunities to find employments and then catch up on their mortgage payments after they find employments.
Why don't people sell their homes and downgrade or move into an apartment? Is it because they didn't do research and bought a home that was too expensive or whose price was grossly inflated? Then we should bail out people who paid $100,000-$200,000 for a college education for a job that would never pay more that $40,000. And after that can you bail people out of their ridiculous car financing plans because they thought they could afford that SUV with gas prices going up or that luxury car.
Just because the credit was there doesn't mean everyone has to run out and use it. If someone offers me a mortgage that doesn't make sense I don't just sign it (robo-signing was just happening on the banks side). Before my closing, I read EVERY document that I signed and asked questions to not only my mortgage lender but also my lawyer. Any new document that I had to sign at closing that I had not previously read, I stopped the closing procedure to READ it. A home is the biggest purchase you will make. Take your time and do your research.
I didn't agree with bailing out companies but did see that I would rather bail out a corporation and get paid back the money than pay unemployment to the thousands of people that would get laid off if the company closed. Has anyone thought that it was the better choice between to two really terrible ones? And the government lets hundreds of banks and financial institutions fail every year. It just couldn't let this many big companies fail at once.
Many more people will come to your side when you are proactive (for “new” Business & Government solutions), instead of reactive (against “old” Business & Government solutions), which is why what we most immediately need is a comprehensive “new” strategy that implements all our various socioeconomic demands at the same time, regardless of party, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves; that is, using a Focused Direct Democracy organized according to our current Occupations & Generations. Consequently, I have posted a 1-page Summary of the Strategically Weighted Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
because we need 100,000 “support clicks” at AmericansElect.org to support a Presidential Candidate -- such as any given political opportunist you'd like to draft -- in support of the above bank-focused platform.
Most importantly, remember, as cited in the first link above, that as Bank Owner-Voters in your 1 of 48 "new" Business Investment Groups (or "new" Congressional Committees) you become the "new" Congress replacing the "old" Congress according to your current Occupation & Generation, called a Focused Direct Democracy.
Therefore, any Candidate (or Leader) therein, regardless of party, is a straw man, a puppet; it's the STRATEGY – the sequence of steps – that the people organize themselves under, in Military Internet Formation of their Individual Purchasing & Group Investment Power, that's important. In this, sequence is key.
Why? Because there are Natural Social Laws – in mathematical sequence – that are just like Natural Physical Laws, such as the Law of Gravity. You must follow those Natural Social Laws or the result will be Injustice, War, etc.
The FIRST step in Natural Social Law is to CONTROL the Banks as Bank Owner-Voters. If you do not, you will inevitably be UNJUSTLY EXPLOITED by the Top 10% Management Group of Business & Government who have a Legitimate Profit Motive, just like you, to do so.
Consequently, you have no choice but to become Candidates (or Leaders) yourselves as Bank Owner-Voters according to your current Occupation & Generation.
So please JOIN the 2nd link so we can make our support clicks at AmericansElect.org when called for, at exactly the right time, by an e-mail from that group, in support of the above the bank-focused platform in the 1st link. If so, then you will see and feel how your goals can be accomplished within the above strategy as a “new” Candidate (or Leader) of your Occupation & Generation.