Zero Hedge finds the Obama plan to spend a $20 billion “fraudclosure” settlement to reduce underwater mortgages laughable. And indeed it is.
But it’s a neat measure of how the rank and file of the nation, the Main Streeters, the rubes with no lobby in Washington, are really and truly thought of by the overlords.
When the banks need a jubilee we fork over $12.8 trillion. The scraps falling from that table for everyone else? $20 billion – about 1/1oth of 1% of what we do for the banksters.
As I keep saying, there has already been a big jubilee of debt forgiveness with champagne corks popping and everything. It happened on Wall Street and in Washington. Not for you. That much is now out in plain view, for anyone with eyes to see.
Are you mad yet? Do you understand that your “representatives” are never going to be fair and equitable, that in fact they are criminals who are stealing the bread out of your childrens’ mouths while you watch and maybe think about carrying a placard to a tea party rally?
Your founding fathers gave you a constitution to help you control these evil bastards. I suggest you use it.