democracynow.org — "Marcy Kaptur of Ohio is the longest-serving Democratic congresswoman in U.S. history... She is now recommending a radical foreclosure solution from the floor of the U.S. Congress: “So I say to the American people, you be squatters in your own homes. Don’t you leave." A blog article from a favorite old radical, Amy Goodman.
Feb 8, 2009 View in Crawl 4
striker101Feb 8, 2009
Kaptur is pure idiot. Perhaps telling the losers to move into the halls of the Congress which mandated this whole toxic mortage mess, but one doesn't topple the entire structure of having homes by obtaining mortgages, getta GRIP!Are we supposed to never look at the true CAUSE, in which I suppose she participated.? Yes a bunch of buyers lost out, but because of Gov/Fed manipulation with all it's effects.That immoral insanity is what has finally sent our USSA into collapse. Go ahead, vote for the false morality of force and collectivism.Play around, get hurt, and wonder why.
thecakeFeb 9, 2009
It's called fiat money. If you think the banks just make money from thin air, wait until you see the federal reserve.
yarcodFeb 9, 2009
@mknoll1You're playing a semantics game. What is the difference between making money out of thin air and loaning out money you don't have? Sure if YOU went and requested your house be paid for in cash, you'd get it. But not everybody could do that. What happens if this crisis becomes a true meltdown of the system and people want to cash out? But you're right, the only bank that can create money out of thin air is the federal reserve. The central bank. The bank that the entire system rests on.So given all that has been going on... when the s**t hits the fan, who bails out the government?
yarcodFeb 9, 2009
SeaMowseNevermind, you're right. Keep reporting.
Closed AccountFeb 9, 2009
A cute idea, but a stupid one also.
ianryersonFeb 21, 2009
There have been a lot of articles about this lately. Sometimes though telling the bank to "produce the note" does not take very long. ACORN is also helping people now to stay in their homes until the mortgage crisis relief comes into affect.