By Sydney Sullivan
Original Uploaded on Oct 9, 2009
Rep. Marcy Kaptur talks about trying to work with banks to prevent foreclosures in her hometown of Toledo, Ohio. Bill Moyers Journal airs Friday nights at 9 pm on PBS.
“Stay in Your Homes – You Are Going To Find They Don’t Have That “Paper” Up There On Wall Street”
This is where I first learned the term of political fraud pandering. American Homeowners thought they had a cheerleader and it turns out Marcy Kaptur and the rest of her political cronies were just another bunch of do nothing politicians. They had the chance to write legislation to outlaw the fraudulent securitization schemes, robo-signing and UNREGULATED DERIVATIVE and they did nothing! The small in consequential crap they did do, like the $25 million National Mortgage Settlement that Kamala Harris oversaw, was a drop in the bucket to the TRILLION$ of debt the banks created from Americans’ mortgages and never helped the over 56+ million American families that lost, short sales, or walked away from their homes. This and other bank/government “settlements” were just a smokescreen leading up to another election.Continue reading