The death of the bankruptcy reform measure -- which would have allowed a small number of homeowners who met strict conditions to renegotiate mortgages under bankruptcy protection -- is a major tactical win for the banking industry. But allowing the foreclosure crisis to continue unabated may end up being a failed strategy for the financial sector.
Let me ask you something...why is the banking industry getting a “major tactical win”? Didn’t we just give them a shitload of money? How do they get a say in anything? I don’t get it. No. That’s not true. I do get it. We’ve got mega-banks that have been bailed out to the tune of trillions of our tax dollars. Then, not only do they NOT lend said trillions, but they used that money to lobby the government to kill the foreclosure/bankruptcy bill. And the Congress went right along with it. Surprise!!!! So, the homeowner who’s in trouble keeps getting fucked, and the mega-banks laugh all the way to the, well, bank.
This is why change, real change, doesn’t come from the government. The government doesn’t give shit one about you or me. They only care about the dollars. And where they’re coming from. So, you might as well get used to the same players making more and more money. Because it doesn’t seem like there are enough people mad enough to make things change.
But, you know, there’s that whole swine flu thing you gotta know every last detail about...