“Most Basic Values” Bank of America video – Sent by ACE at Foreclosure Hamlet

What if we came together and made the nation’s largest banks like Bank of America follow the same rules as we all do around fairness and honesty, paying their…

Yes, that’s what we want – but we need to be united to get it.  Yesterday BofA broke a dime.  That means their stock plummeted below $10 a share – at one point it was at $9.88.  Like most of the banks there has been a snowball effect as people, companies and nations withdraw their funds and short the bank stocks.

Nothing the government can do, short of taking over the banks or propping them up with more money, can stop the declining stock – this is Capitalism shaking out its dirty laundry.  Raising the debt ceiling to pour more money into the failing banks is not the Capitalism that big business continually cries for whining that it will police itself.

Confidence in the marketplace will not return as long as we have to pump money into the banks.  The answer is not to print more money.  The answer is to create more revenue.

The banks wrote more loans than they can legally hold.  If the government would take over the loans written during the subprime Ponzi scheme era (2003-2008), reconstruct them with the borrowers at 2% for 30 years in lieu of litigation – we would create $$BILLION, if not $$$TRILLIONS of dollars in revenue streams – and not need to print more money.

This is a non-partisan issue.  Both sides of the isle were bad boys.  Now, we need to come together because Wall Street bank fraud is like an alien force taking over our government and destroying our lives.

Duck-tape the nay-sayers’ mouths and force them to listen – we need to start being logical.  We don’t need to print more money – there are huge streams of revenue available that we have already paid for – so, TAKE IT OVER  and create the cash… and the government won’t have to slash.