It would be unethical of me to suggest that people should default on their mortgages intentionally.
On the other hand, we have to consider a few things that have transpired.
The bankers and wall street types have committed massive fraud on the tax payers of the United States. It appears that they have gotten away with it again! (Remember the S & L Fiasco in the 80’s)
This massive fraud did not only cause a massive cost for tax payers, it also decreased the value of many American homes.
Their gaming the system with those foul derivative scams has caused massive damage to the world financial network.
Unfortunately, for many ordinary Americans that means that their mortgage is worth more than the value of their home! Sometimes, a LOT more. (This is the so called, “underwater mortgage”.)
Therefore, if you are in that boat, I cannot blame you for being angry about it!
It is NOT FAIR, especially considering that those Bankers and Wall Street types walked away with ZERO punishment, got richer at our expense and really don’t care what happens to the rest of us!
So, if you are angry about what happened and are in the situation where you home is worth FAR LESS than the mortgage that the banks are going to hold YOU accountable for – even though THEY have stolen your / our money (as taxpayers) and if you were to tell me that you wanted to learn something about Strategic Mortgage Defaults, I might not feel bad about pointing you to THIS INFORMATION.
oops, did I really do that?
IS our financial system really just a big scam?
Something to think about…
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