'America's Mayor' Calls for a Moratorium on Home Foreclosures

"These mortgage companies, these mortgage folks got away with murder and a lot of these companies got bailed out. And they're still screwing the homeowners. So we need a moratorium. There's no question about it. ... we need a two-year moratorium, at least, on foreclosures. I would say, Ed, you know, homes under $200,000. Let's have a moratorium. Let's sort this out. Let's give some people some breathing space in this tough economy. Lord knows, you gave the breathing space to Wall Street." -- Virg Bernero, Mayor of Lansing, Michigan on 'The Ed Show,' Thursday, November 12th, 2009

Demanding a moratorium now at http://www.michaelmoore.com

Category:

News & Politics

Tags:

• virg
• bernero
• ed
• schultz
• show
• foreclosure
• moratorium
• wall
• street
• main
• financial
• crisis
• bailout

[gbhobson]

Put the crack pipe down and step slowly away from the table, fattkattz. Apparently you're not intelligent enough to know the difference between a communist and a capitalist (let alone a liberal and a conservative). Seriously, don't step into a battle of wits when clearly you're unarmed.

[dangerouslytalented]

Actually, it is not the taxpayers who are paying if there is an amnesty on foreclosures.

It is those who sold the fraudulent loans in the first place.

And universal healthcare works well in every nation it has been tried. I would rather pay a hundred dollars more in tax than pay two hundred to an insurance company.

[AceOfHeart2012]

OK. Fine. But what about those of us who have already been foreclosed on and evicted? Forcibly at gunpoint in my case. Cripes, I was never even properly served the summons and complaint! What about us? Where's our bailout? Where's our moratorium. It would be wholly unfair to initiate a moratorium on current foreclosures and not have some way for people like me who lost their equity, was evicted at gunpoint, falsely arrested and jailed to not recoup without a long, drawn out lawsuit.

[AceOfHeart2012]

@bricksalegend Stoppage. To put on hold.

[TimLivelyUnearthed]

We cant just slap them on the hand and expect them to suddenly grow morals. Their greed is built into the structure of how they do business.

[BolivarianYouth]

Sorry Taína. Fuck Wells Fargo! That's why I love that the Macheteros jacked those assholes. We need another movement to fight these capitalists back!

[bricksalegend]

whats a moratorium?

[TainaAtheist1]

TAYLOR, BEAN & WHITAKER MORTGAGE CORP who sold my mortgage to Wells Fargo is taking my one and only home on Monday, 11/23. On Monday I'll be officially homeless.

Thank you WELLS FARGO.

[slsmit2]

This is just the beginning of the ARM Mortgages that are going to reset in the next several years...they wrote many more ARM Mortgages than they did Subprime...once these ARM's start faltering in leaps and bounds Subprime days will look like a cake walk...the housing crisis has a long way to go before it bottoms out...

These bankers did nothing more than steal real assets with fraud loans...thieves at the highest level...

[unclesam21]

ahdddddddddddddddddddddddddddd­ddddddddddd

[andruh99]

Sorry, Reuters.

Story "U.S. mortgage fraud 'rampant' and growing-FBI"

Tue Jul 7, 2009 7:22pm EDT

[andruh99]

"Industry employees sought to maintain the high standard of living they enjoyed during the boom years of the real estate market and overextended mortgage holders were often desperate to reduce or eliminate their bloated mortgage payments," it said.

Source; Reutuers