Tom Hyland, click here
to update your web pages on AuthorsDen.
And Yet Another 'NON-poem' disguised as one!
Have I - 'Meek, Mild-Mannered, Lil Tommy'
become a CYNIC ???
A Sarcastic SOB?
You Bet Your Sweet ARSE I Have!
VOTE 'OUT' ALL INCUMBENTS!
BY THE NUMBERS?
© - Tom Hyland - 4/13/12
Every time I reach a point Where ...
I think I’ve heard ‘Everything’ -
WHAM! BAM! THANK YOU MA’AM!
More ‘Guv’mint’ STUPIDITY & GREED ...
Yesterday’s ‘Mid-Day’ Show on PBS - 88.1 FM
At Noon - Several ‘Talking Heads’ Divulging
The Latest ‘Bull-Shit’ Brilliance ...
Regarding Mortgage ‘Bail-Outs.’
The ‘Big Five’ Bank CULPRITS ...
‘Cut a Deal’ OVER TWO YEARS AGO -
With 49 AG’s + the One from D.C. -
No Clue as to Which ‘One’ State Abstained!
A ‘FUND’ was established in our U.S. Treasury -
To Pay Out $$$ to Help Home-Owners
Who were ‘Fore-Closed’ Upon -
And/Or were ‘Under-Water.’
Some ‘Reports’ say Said Fund was 25 Billion Dollars!
Other Media Reports Quote 26 Billion Dollars -
So - What’s the DIFF?
Only One Measly Billion Dollars!
$1,000,000,000 - That’s One Million X 100 ...
OR - $10 to the NINTH POWER!
OR - $1 followed by NINE ZEROES!
Let us Try to ‘Break it Down’ to a Meaningful Comparison ...
In 1996, When I was FIRED from my Last ‘Good’ Job as -
‘General Services Manager’ at Rummel, Klepper & Kahl -
I was Grossing $36,000 Per Annum - Plus ‘Perks’ of
About $6,000 = Say $42,000 for ‘Tax Purposes.’
IF - I had Continued to work there for 10 More Years -
With NO RAISES - Would have Earned $420,000 -
Not Quite a ‘Half-Mil’ - Right?
Now, DOUBLE that for 10 MORE YEARS = $840,000 ...
Not Quite ‘One Million Dollars’ ...
Short by a Measly - ‘Quarter Mil’ - Right?
But for ‘Rounding’ Purposes, Let’s Say -
It Would have Taken 20 YEARS to Earn ‘ONE MIL.’
Times 10 to Equal ‘TEN MIL’ - That’s 200 YEARS!
Times 10 to Equal ‘100 MIL’ - That’s 2,000 YEARS!
Times 10 to Equal ‘ONE BILLION’ = 20,000 YEARS!
No Raises - No Compound Interest - NUTTIN’ HONEY!
OH - To Be Sure - I was Grossly ‘Under-Paid’ -
But - Do You Get The Picture?
An Average ‘Middle-Class’ Worker - PLUS ...
His/Her Children & Grand-Children & Great-Grand Children -
COULD NEVER EVER LIVE LONG ENOUGH TO COLLECT !!!
ANYWAY - Back to the ‘CUT DEAL’ ...
Example Given on Show - IF -
Home Valued at $200,000 with Mortgage of $230,000 -
‘Under-Water’ by $30,000 - 15 Percent ...
IF - Bank Holding Mortgage ‘Writes Down’ Principal -
By ONLY $20,000 - Home-Owner - What a Misnomer!
Now Owes ONLY $210,000 = 5 Percent under-Water -
THE TREASURY PAYS THE BANK $12,000 !
‘We The People’s’ TAX DOLLARS - Goes to BANK!
BANK ‘WRITES OFF’ $20,000 AS ‘LOSS’ ...
AND COLLECTS $12,000 OF ‘OUR’ MONEY!
MEANWHILE - ‘Back At The Ranch’ ...
‘Homeowner’ Still Can’t Manage Payments!
Strangely Though - You Might Ask ...
After Over TWO YEARS Have Passed -
“How Come ONLY THREE PERCENT of
$25-26? BILLION HAS ACTUALLY BEEN PAID OUT?”
3% = ONLY about $750,000,000 !
Seven Hundred And Fifty Million Dollars!
That’s 750 X My 20 Years = 15,000 YEARS!
“OH YE OF LITTLE FAITH!”
OH Yeah, Forgot to Mention - This ‘DEAL’
Was Supposedly For The ‘Hardest Hit’ Areas
Of The Country ... Like NEVADA, etc.
“What Happens in Vegas STAYS in Vegas!”
AND - The 49 + 1 Attorney Generals ...
Supposedly Representing STATES - Agreed to DEAL -
Because Federal Government - “Treasury’ -
AGREED - NOT TO PROSECUTE BANKS!
BUT - Individual ‘Home-Owners’ and States -
Can Still FILE SUITS!
FAT CHANCE IN HELL!
IF - I Understood All the ‘Who Shot John’ -
Complicated ‘HORSE-SHIT’ ...
The ‘DEAL’ Document Was About 100 Pages Long ...
And FULL of ‘Why-Fores’ & ‘Where-Fores’ ...
BY THE NUMBERS?
AMERICA IS ‘GOING TO HELL IN A HAND-BASKET’
THE BANKS & POLITICIANS ARE RESPONSIBLE -
BUT - EXACTLY ‘WHICH’ MILLIONAIRES
ARE GOING TO ‘PROSECUTE’ WHICH ...
‘OTHER’ MILLIONAIRES? DUH?
© - TKH.
Want to review or comment on this
Click here to login!
Need a FREE Reader Membership?
Click here for your Membership!
|Reviewed by Chip Bergeron
|No matter how bad it is for the rest of us, the banks will always make out. A friend used to say "If Congress passed legislation allowing the banks to come into your home uninvited and plunder whatever they want, they would be at your door before the ink on the law was dry."|
|Reviewed by Ronald Hull
|You're right on that count. It seems that periodically they get caught in their schemes, and it's the homeowners who suffer. Three years after I bought this home and its interest rate had escalated to 14.9%, I was underwater in 1985 to the tune of about $40,000. Like Patrick, I stuck it out and threatened the bank with leaving they lower my interest rate to 10%.
The lawyers and bankers always make out. It's time we demand that they pay the price of their crimes.
|Reviewed by Patrick Granfors
|I was underwater in 1989 after the savings and loan debacle (Similar group of criminals)with an 11.75% interest rate. Nearly broke me, could not refi, just shut up and paid. Back then there were tax consequences for a foreclosure. The skies finally cleared around 1996 and I ended up with a decent rate. Because of the favorable tax breaks, most foreclosees are far better off than if they had rented during the same period. Patrick|