Bankers on the Attack against the Homeless!

Am I naive, or has free-market capitalism reached a new low, a more devastating assault on Democracy? One of the latest reports from Bloomberg.com details rising court judgments against victims of foreclosures in which the banks are allowed to collect 10's of thousands or more from former defaulters  (people who have defaulted on their mortgages), even AFTER foreclosures.

 Bloomberg.com  ---- excerpt ----

Jan. 28 (Bloomberg) -- When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default.
King is among a rising number of borrowers who are learning that they can be on the hook for years after losing their homes. Amid a crisis that stripped $6.4 trillion, or 28 percent, from the value of U.S. residential real estate since the 2006 peak, lenders are exercising their rights to pursue unpaid mortgage balances. To get their money, they can seize wages, tap bank accounts and put liens on other assets held by debtors.
“The big dogs get a bailout, and the little man gets no mercy,” said King, 39, referring to the U.S. government’s rescue of banks and other financial institutions. Lenders Pursue Mortgage Payoffs Long After...

Terrible, absolutely terrible. Our dear Government of the People gives a trillion dollars plus in direct financial remedies to major bankers and insure them against their blatant failures, and leaving, We, the People, to face more economic ruin by the hands of these bankers? Horrible. I can't even joke about it.

Well, I have news for these bankers. I know that your immense "recovery" as of late is unsustainable and based on false wealth like a castle built on quick sand. The presumed 100's of trillions in notes on credit swaps, the financial hype you've placed trillions of dollars over the next 50 years (expecting 10's of trillions in gains over the next 100 years) are going to surprise you, turn sour, and show you how truly destructive the current financial system is. Thank you for transforming our economy from something that is semi-rational to something completely insane.

We, the People, will rise from the ashes of those who bet against us for control of our natural resources, and our lives. Goldman Sachs, Veolia, Wal-Mart, T. Boone Pickens, News Corp., your market share will soon be zero in due time.

Run for office People, Create Change for the Common Good. Tear their boxes apart!