Serf and Turf Well, families facing foreclosure are finally taking to the street. For weeks now, my husband has asked, "Where is the outrage? Where is the outrage?" Finally, there is some response from the serfs who are being evicted from their homes, their belongings thrown into the streets or hauled off while they are absent, and later living in their cars or in America's new plethora of tent cities that are springing up all over the place.
A family in Pittsburgh, joined by 30 other people, stormed the bank that mortgaged their home, and demanded answers. Why would a bank loan a family with an income of $2000 a month a home with a mortgage of $340 a month, only to raise the mortgage to $1200 a month three years later? Why would the lender not re-negotiate the terms of the loan? What type of astronomical pay raise did they expect the steel worker to get over the next three years that would allow him to triple the amount he paid on his monthly mortgage? The $1200 a month did not even include taxes and "fees."
Is this really just a "get rich and cash out scheme" by the CEOs of the lending institutions or is something more long-term and sinister going on here? Since when did the money-makers decide to become the nation's largest land owners? It is fortunate for this family and the group of protesters that the situation did not escalate and the police dispersed the crowd peacefully. Next time around a Dog Day Afternoon might occur. People are getting desperate here. Homelessness is not for sissies.