Mr. Dimon needs some perspective here. 30 years ago, America was a thriving country of inventors, makers and doers. We actually built and exported equipments no other countries had ever invented. A lot of it came from small and medium size enterprises, run by people who could rely on the security of knowing that they were stable in the homes they had purchased and still had enough capitals left to invest in their business.
Once banks started tampering with that sacrosanct idea of homeownership by creating and pushing unnatural and unsustainable mortgages most of us didn’t understand, management and employees of those businesses lost the peace of mind required to think ahead and be creative. Try living with the glooming prospect of losing your house! You sleep with it, you eat with it, you breath it, it haunts you day and night and it simply prevents you from thinking about anything else. Forget trying to come up with solutions to the environment, the fuel crisis, education, health. Those problems remain untouched while you are consumed by fear and can no longer consider investing in your inventions and ideas. If you lose your home, you won’t even have a garage left to allow you to build any kind of prototype. And yet, that garage was at the origin of HP, wasn’t it? Imagine if Hewlett and Packard had been consumed by the idea of foreclosure.

The only way America can and will regain its predominent place in the world is if a national and permanent moratorium is declared on foreclosures of the homes their owners they live in, to assure that they don’t find themselves homeless overnight and unable to function as productive members of society. I personally do not worry about speculators: they decided to take a chance on owning more than one home and, rather than work for their money, they tried to have their money work for them. It was a choice they made and if they lose their investments, so be it. Single homeowners is where the root of the problem lies. Mr. Obama failed to efficiently intervene on the grounds that he didn’t want speculators to cash in on any drastic (and desperately needed) measure to help Americans save their homes. So, rather than do what was necessary, a horrible situation is allowed to fester and continue untouched.

Until and unless a serious differentiation is established between speculation and elementary security for the people, America will keep on sinking. I would hate for this situation to turn into civil war. And yet, we are heading in that direction one day at a time while the Jamie Dimons of this world find religion… and do nothing more. Sad commentary of what the future holds.

“Moral”, Mr. Dimon, is when everyone has a crack at food, the stability of a home, employment, education and healthcare, all the most elementary amenities to become productive. Having already taken an anormous bite at home ownership while offering no solution to resolve the situation you created, how do you propose to reverse any of the resulting consequences? Make no mistakes, Mr. Dimon: your children may very well be live in an enjoyable environment… for the moment. I greatly doubt that, once this country has been thoroughly destroyed, their circumstances won’t change. Will you feed them piles of dollar bills? If no one is left to pump gas in their car, work the electric plant, repair the water mains, transport their food, invent cures for their illnesses and teach them enything in deserted schools, they will simply joing the ranks of millions like them. The only consolation i have is that, when this happens, we, poor peons, will have had years to adapt and find alternatives. I suspect that no one will want to go out of his way to help your children adapt… What you have visited on us will, without any doubt, be visited on them or on their children.

So tell me again, Mr. Dimon, what did you mean by “moral”? Care to share your definition with the rest of us?

Ohio Dude, as Fury said this is not about race,religion,culture or sex, wake up DUDE the banksters stole
money, you know that cash you used to have , and that home you paid for lost equity or money . Its all green to them and they stole from you and every other make and model out there, If you really did work hard , you also gave them a big tip ( bailout ) for stealing so they can continue the theft .
Educate yourself & practice what you preach, ” a desire to be a Human Being ” . Respect for others !

Gimmegimmegimme some o’ dem sweel NINA loans. And if dem mothafuckin banks throw some redline on me, sheet, I jus have another helpin’ of bank bailouts … which result in value of everyones’ money being diluted

[ technoterm: Inflation ]

http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm

A Renewed Crackdown on Redlining : In the wake of the subprime implosion, the Obama Administration has stepped up its scrutiny of disadvantaged neighborhoods’ credit access

Bottom line – loans were made that were never going to be repaid. Banks were forced to make them. Government [ can you say Fannie ? Can you say Brothu Howell Raines ? ] actually prosecuted banks that wouldn’t make imprudent loans. And the result of this Insanity is being repeated now by the New ComIntern Admin. Sistuh Jarret, Lord ‘Bongos’ brain, made lots of money with this scam back in al-Chicago. That town is charting new territory in devolution if any of you have noticed. Damn ! Dose pesky facts, again !

And before any conclusuions are jumped to know this … I love using Obama-isms ! Know This ! .. I drove crap cars and ate rice only and worked nights while going to school, and paid back loans, and saved til we could put 20% down on a little house and paid that off, so spare me the bolshoi about privilege. I grew up in a truly diverse town, so spare me the CultiMulcheral babble. Everyone one, Poles, PRs, Sicilians, Germans, Phillipinos, Micks, Lebanese, deep-South Blacks, white Trash and dem ebil ebil WASPS pulled their own weight, worked, paid loans back and got on with being a productive Human Being.

Reinforcing lack of accountability, and assuming the Victim-in-Perpetuity mantle dongetchamuch.

Clue Up

Right on Fury!!!! The same Ponzi Scheme criminals who committed the mortgage fraud scam are now being aided and abetted by the Federal Reserve. The Federal Reserve has been waging all out class warfare on all people of all races. So are the politicians of the States with their Ginormous tax hikes that they keep imposing on the people in order to cover up for all of the corruption. .These insidious crooks who wear an American face are stealing the wealth from ALL of the classes everyday up on Wall Street and at the CME as well..They want to financially destroy ALL of us.

ohiodude,
a home is not a “middle class trapping.”

it is what every person and animal aspires to have.
we want to feel safe in our homes.

we worked for our homes. we made many sacrifices.

in 1958, eleanor roosevelt said,

“Where, after all, do universal human rights begin? In small places, close to home. Such are the places where every man, woman and child seeks equal justice, equal opportunity, equal dignity.”

if you don’t understand this, i guess our discussion will end.

i lived through the LA riots. there is a reason inner city poor are angry – they are trapped in poverty.
our discussion is about fraudclosure. it crosses every boundary.

it has nothing to do with “whites simmered in guilt.”

it has to do with FRAUD.

FRAUD in the origination.
FRAUD in the foreclosure.

perjury. destruction of documents. a ponzi scheme called “securitization.” false affidavits, robo-signing,
corrupt, inept judges, predatory lending, RICO, and TILA violations.

so spare me.
i would hazard to guess that our posters are every color of the rainbow. we have all been defrauded.

we are not talking “social engineering.”

we are talking flat out, full on FRAUD.
get it?

How about HutMaster!!! Max and Stacey should be on the mainstream calling these bastards out everyday in place of all of the liars.

@I Vent,

Just watched the 2 videos.
It just makes me want to run a red light, with a police officer watching.

I truly think a mass takeover of this Great Country, by it citizens, is the only answer.

“Fight The Good Fight”

Dear “more and more lies”,

Mr. “I VENT” is correct. DO NOT GIVE UP!
I saved 20 homes last month and on track this month to break that record.

Find a honest and educated Law Firm.

Wells Fargo HATES ME! Well, I am glad as I do not hang out with lying scumbags, Instead, I KICK THEIR ASS.

“Fight The Good Fight”

Go back to lying on the phones Mr. Park. I deal with your type each day. ( I bet he is a lowlife working for BOA, AKA, Bend Over America.

ps, Linda Green is looking for you to sing something for her, no go on…. get outta here.

“Fight The Good Fight”