'Eminent Domain for the People' Leaves Wall Street Furious

[jtuck004]

83. It's always a drag when thieves are involved, everyone may lose. Pensioners may get less, but

in the current scenario they may get nothing. 10 million families across the country have taken a huge hit from foreclosures, with some estimates even higher, millions upon millions of people have lost jobs and careers and retirements, and this is just a small part of that.

The only ones who seem to be sitting phat on all of it are the thieving banks and mortgage makers that caused the current financial crisis in the first place, with no way to recover after 30 years of corporations ridding us of jobs by sending them overseas and cutting the heart out of the ability to create wealth by the middle-class.

Current value is so flippin' bogus anyway. How much value is there as banks withhold 7 million reos from the market to manipulate the prices of the remaining upward, with the government putting $85 billion a month into this continuing Ponzi scheme while letting infrastructure crumble, 50 million remain on food stamps, student loans that will never be paid off languish, schools close and teachers sent home...Detroit is going bankrupt, and part of that is because they owe the sellers of creative derivatives their money, and the losers will be the pensioners from the city.

Pensioners, and everyone else, are losing as we move forward as a poorer country, so they aren't a class unto themselves. At least this way there might be a chance for a few home owners to recover a bit as well, as opposed to none.

I agree with you, but the banks need to work with them or be taken out of the picture.