Sunday, February 26, 2012

The Fleecing of America--Fooling Myself cont.

Late in 2008 when the government announced the 700 billion bailout to the banks, to help the people, I was relieved.  I thought thank God the banks will try to work with us.  I started contacting the banks and asking about what kind of assistance they were going to offer but no one knew anything.  I kept searching in the news to find some explanation of what this money meant to American’s and could find nothing.  I kept going through saving to keep the existing mortgages up.  In June of 2009 I knew we were in trouble.  We were going to exhaust all our saving except for about one hundred and seventy five thousand in IRA’s.  Again I got on the phone with the banks and explained where we were.  I explained we wanted to keep the properties and fulfill our obligation but we were going to need some help.  I was told straight across the board that no one would even talk to us until we were three months in default.  I was dumbfounded.  First off, any bank, anywhere, should be sued for that advice.  As I see it without the proper licensing they were giving a form of financial and legal advice.  They were telling me to ruin my credit in order to be able to talk with anyone.

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