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GoLeft TV

(3,910 posts)
Tue Jan 21, 2014, 11:30 AM Jan 2014

Papantonio: How To Stick It To Wall Street Bankers

Wall Street bankers made billions of dollars selling toxic subprime mortgages to people who had no idea what they were agreeing to, but they were sold on the idea that the bank would take care of them and they would finally be able to buy a house. After these people were duped into signing, the banks raised interest rates, forcing more mortgage defaults than you could count. But now cities across the country are fighting back against the banks. Ring of Fire’s Mike Papantonio speaks with author Les Leopold about how they are protecting homeowners with something called "reverse eminent domain."



More at Ring of Fire.
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Papantonio: How To Stick It To Wall Street Bankers (Original Post) GoLeft TV Jan 2014 OP
Like Pap says, this is a potentially concrete way for homeowners to keep their homes drynberg Jan 2014 #1

drynberg

(1,648 posts)
1. Like Pap says, this is a potentially concrete way for homeowners to keep their homes
Tue Jan 21, 2014, 12:20 PM
Jan 2014

And locales keep their neighborhoods, putting more value into them as homes are saved. The Key is "Reverse Imminent Domain", to renegotiate the mortgages so they reflect current real estate values, not the hyped up crap these homes were sold for during the "Bubble". Listen and then share on FB or other sources, but share now. This could save millions of families from being thrown out of their homes and neighborhoods going to hell.

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