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MODIFICATION MERRY-GO-ROUND
~ “MODIFICATION” merry-go-round
The train rolls on throwing off homeowners into quicksand. While the government and administration banks wallow in the lap of luxury. Trillions in bank bailouts – then comes the phony pony fines – the government, banks, executives, politicians are getting richer with these games while homeowners are being screwed over but before Tim Geithner jumped the train, he said, “it was between consenting adults”. The banks, servicers who committed these hideous illegal frauds on the people- were to walk the yellow brick road and look to the pot of gold at the end of the rainbow while the people suffered- when Geithner left office, he now admits, “more could have been done for the homeowners”. How gracious of this little man, to now admit, more could have of been done for the homeowners. He pushed against the homeowners and held open the doors for the banks. He insisted banks who did not even want bailout money- that they had to play along and do what he said. Take the money. And, CEO for Citigroup, he was more than willing and called it “cheap capital” – it was to grab the first 25 billion only to come back over and over for more.
Now, in Timmy’s place comes Mr. Jacob J. Lew As the Treasury Secretary while Timmy goes off to invest, so far it doesn’t look like Mr. Lew is going to do much better, if these men could step outside their luxury comfort zone to see reality of what these homeowners went through and still are, maybe – just maybe – they could grasp a better understanding and quit with the bull crap of modifications crap, building cheap ass rentals – look to those that can solve the problems for the people – stop playing politics well enough to give people a chance to recover from the hideous bank corruptions and government shams of excuses.
Geithner was bad, cruel enough, but unless Mr. Lew changes boxcars, his legacy will be the same or worse. Tim Geithner had a chance to help the homeowners. As secretary in U.S. Treasury, he had the power to do so. Geithner chose not to – Tim Geithner went all in for the banks bailouts and AIG, an insurance company – not once, twice but over and over pouring money – tax dollars into corrupt banks and of course his AIG gang. He admits 30 trillion but really, how much more was it? They played games with peoples lives. Timmy’s “stress test” for banks. See how well that worked out. Geithner and the administration camp, pathetic excuse of a program – see how many that helped. 2010 – there was the Dodd- Frank financial reform law. So full of holes – looks like Swiss cheese. You can see how well that is going to work. Six years later in the 11 banks have no plans in place to not fail again and the regulators have no idea how to shut them down if they fail again. Yellen, of the FDIC stated, the banks are bigger now than when they were when bailed out. Too big to fail is now even bigger to fail – the first bailout for CITI – 25 billion – Vikram Pandit-CEO- (CITI, the big dog in the fight)- stated “this is cheap capital” CITI got tax breaks, tax subsidies went to CITI, AIG and GM that added up to tens of billions of dollars. The highfliers – executives at CITI. Still bloodsucking the homeowners they cheated. No wonder Pawlenty wants people to shut up – looks like this game will play over again but will the people stand for any more corruption if they are educated to what went on and what people like Pawlenty want hidden.-
Wonder what’s in his bank account – or offshore accounts – his investment portfolio. So, we know CITI is still flying high with their bonuses – Jets – compensations – condos, rich executives – and still bloodsucking homeowners with high-priced lawyers. So, let’s move on with Pawlenty’s duct tape for the victims. Hiding the truth from the public only makes it easier for the thieves to come back for more. If the government has to be more open – more transparent, then maybe, just maybe – the big banks CEOs – Wall Street executives won’t be able to for the taxpayers – homeowners, voters into the dumpster and ruin their lives. Take their homes. Kill their hopes of having their retirement funds intact – their children’s education funds dry up, while these scumbags fly off to luxury land with offshore choking bank accounts. How much of the big bank corruption finds will help homeowners – most likely – none. Banks like CITI, U.S. Bank and Bank of New York Mellon have committed crimes and are getting away with it. Proof – facts – evidence is all there only to be ignored by a bought off judge.
This article is not intended to give advice in any manner. The contributor is not an attorney. This is an opinion.
