Comments on: OFFICIAL RELEASE: After saving Queens woman from foreclosure, CODEPINK expands to pressure Washington to bailout Main Street http://codepink.org/blog/2008/10/official-release-after-saving-queens-woman-from-foreclosure-codepink-expands-to-pressure-washington-to-bailout-main-street/ the Personal is Political Mon, 07 May 2012 19:21:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Minister C.J. Di Donna http://codepink.org/blog/2008/10/official-release-after-saving-queens-woman-from-foreclosure-codepink-expands-to-pressure-washington-to-bailout-main-street/comment-page-1/#comment-1157 Minister C.J. Di Donna Fri, 12 Dec 2008 02:37:21 +0000 http://codepink4peace.org/blog/?p=653#comment-1157 Over 700,000 families have lost their homes in America because they were tricked into believing that they only had to make the minimum interest-only payment (ARM Negative Loan) but were not told that (due to the high interest rate) most of it would be deferred until it reached a point (in most cases after 2 or 3 years) where it got so high (and to the dismay of the homeowner) that there is no equity left in the home & the bank (after recieving several years of 10's of thousands of dollars in minimum interest only payments) own the home and the homeowners (many with children & senior citizens) are forced to hand over the keys & move out & it didn't cost the bank a single penny. Since I was 19 years of age, I was a proponent for removing in "God We Trust" (the official national motto of the United States) from where ever it is found (i.e. money) in our government. In my opinion, it should be "In Money We Trust". Our nation is based on Capitalism not God. From what I understand the Atheist Movement here in America has already taken this issue to the Supreme Court of the U.S.A. to have it removed from our monatary system. I do hope that they succeed. Even the term "God Bless America" is a joke to say the least. But thats another story for another time. In my opinion, President elect Barack Obama (once he takes over the Oval Office) need's to federally mandate long term loan modification's (interest) on behalf of "all Americans" with ARM Negative (minimum payment deferred (home equity destroyer) interest mortgage loans at a fixed rate for 40 or 50 year's to spread out the payments. Leaving it up to the bank's to do this is akin to putting the fox in the hen house to protect them. "The Change We Need" must come from the Federal government and In my opinion, this sub prime mortgage mess would have never happened if "We the People" who do not have high paying jobs would have been granted the right to borrow a low interest home mortgage loan based on income directly from the Federal Reserve Bank which should be nationalized for the moderate income working class people of our nation who for too long have been enslaved by bank's and lending institution's by high interest rates on money that they receive (at a low interest rate) from the Fed. Thank you. Over 700,000 families have lost their homes in America because they were tricked into believing that they only had to make the minimum interest-only payment (ARM Negative Loan) but were not told that (due to the high interest rate) most of it would be deferred until it reached a point (in most cases after 2 or 3 years) where it got so high (and to the dismay of the homeowner) that there is no equity left in the home & the bank (after recieving several years of 10′s of thousands of dollars in minimum interest only payments) own the home and the homeowners (many with children & senior citizens) are forced to hand over the keys & move out & it didn’t cost the bank a single penny.
Since I was 19 years of age, I was a proponent for removing in “God We Trust” (the official national motto of the United States) from where ever it is found (i.e. money) in our government.

In my opinion, it should be “In Money We Trust”.

Our nation is based on Capitalism not God.

From what I understand the Atheist Movement here in America has already taken this issue to the Supreme Court of the U.S.A. to have it removed from our monatary system.

I do hope that they succeed.

Even the term “God Bless America” is a joke to say the least.

But thats another story for another time.

In my opinion, President elect Barack Obama (once he takes over the Oval Office) need’s to federally mandate long term loan modification’s (interest) on behalf of “all Americans” with ARM Negative (minimum payment deferred (home equity destroyer) interest mortgage loans at a fixed rate for 40 or 50 year’s to spread out the payments.

Leaving it up to the bank’s to do this is akin to putting the fox in the hen house to protect them.
“The Change We Need” must come from the Federal government and In my opinion, this sub prime mortgage mess would have never happened if “We the People” who do not have high paying jobs would have been granted the right to borrow a low interest home mortgage loan based on income directly from the Federal Reserve Bank which should be nationalized for the moderate income working class people of our nation who for too long have been enslaved by bank’s and lending institution’s by high interest rates on money that they receive (at a low interest rate) from the Fed.
Thank you.

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