General Discussion
In reply to the discussion: Unsealed court-settlement documents reveal banks stole $trillions' worth of houses [View all]Waiting For Everyman
(9,385 posts)I'd like to think something would be done, but I really doubt it. We're forgotton already now, and the new programs seem geared to those who have good credit scores, which of course we don't anymore having gone through this.
At least I have a rented roof over my head, so I'm more fortunate than many, and I'm very aware of that. But we shafted homeowners won't be recovering any time soon. It took me 15 years to buy my home and I was in it paying payments for 15 more, so at 60-something that won't be re-done in my lifetime. We're just the "fish" that slipped over the dam and are now in the pool below. We all add up to permanent damage to the buying power of our economy though. It didn't have to be this way, it was a choice. They picked "winners and losers" and the banks were the winners, even though they had no legal right.
I never thought I'd see the day that property rights were voided out because that is so basic to our law, but here it is.