Posted on 04/04/2008 11:20:55 PM PDT by JohnHuang2
Last week, a mob of screeching protesters invaded the Bear Stearns headquarters in Manhattan demanding more aid for homeowners. As you know, I oppose federal bailouts of every make and model — and that includes both the Bear Stearns deal and the bipartisan stimulus-palooza in Washington. But the bank-bashers who held their demonstration in New York City against Bear Stearns and JPMorgan are totally unhinged. And out of control.
Here is the face of the entitlement culture gone mad: "We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed," said Neighborhood Assistance Corporation of America (NACA) founder Bruce Marks in a nasty warning issued to employees of both banks.
This is not an idle threat. Bruce Marks is no harmless lone nut. He has a proven record of showing up at children's schools and bullying them because of their parents' employment. All in the name of "social justice," of course, and securing loans for every last bad risk on the face of the planet. He is so proud of his behavior, he calls himself a "bank terrorist."
Has he earned scorn and condemnation? Of course not. As a reward for his tactics, the Boston Globe named him "Bostonian of the Year" in 2007. The paper praised his "sensible innovation." They fawned over his "curious blend of in-your-face activism, customer-focused service, Machiavellian angling, and social-justice passion." And, as the Globe reported in its cover feature on Mr. Marks, there is no line of decency this housing shakedown artist won't cross. Welcome to the subprime politics of personal destruction:
(Excerpt) Read more at washingtontimes.com ...
At least she's pretty.
My husband and I live in the same little house we raised our kids in, but we know we can afford it! I resent having to make someone else's payments on a bigger, newer house. If they can't make the payments, they need to find a house they can afford!
Yes, I agree with her... Crooks are crooks regardless of political afiliation.
securing loans for every last bad risk
Folks who didn’t make their house payments may be worse off than those who filled for bankruptcy and have to wait 7 years.
>>Why should my taxes go to “bailout” someone who signed loan papers on an idiotic loan, or bought more “house” than they could really afford?<<
Cause they were bullied. waaaaaaaaaa!
And OUR man Bush is a part of this scam to boot.
God help our country from all of these socialists.
Why not bail out those who bought a stock at its high point before crashing.
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