Indentured America

If you're one of those unlucky folks who got a foreclosure notice on your house, here's a New York Times news item you can choke down with your morning coffee. If you still have a kitchen to drink it in, that is.

"WASHINGTON — The mortgage industry, facing the prospect of tougher regulations for its central role in the housing crisis, has begun an intensive campaign to fight back."

While the Federal Reserve wraps up new, and stronger regulations on the mortgage industry, the loan sharks-- I mean lenders-- cry foul, worried that tougher regs will leave them open to lawsuits. In addition, they threaten the additional paperwork will make mortgages more expensive. (so file electronically--duh?)

And they complain the new rules would prevent the mortgage brokers from fleecing housebuyers out of certain fees. Or words to that effect.

The loansharking industry has deluged the Fed with comments and complaints, about 5,000 of them.

What's really at stake here is the freedom of the American worker. From the time we graduate from colleges, business or trade schools and enter the workforce, we are indentured--to student loans, to credit card issuers, to auto finance companies, to landlords and to the mortgage brokers. And when all this debt blows up on us--because of a serious illness, a job loss, a divorce, we then become indentured to the worst predators of all: collection agencies.

The Emancipation Proclamation ended slavery (on paper) but the plantation owners' heirs never did learn how to work or be productive. They still need somebody else to do it for them, so they trap you--yeah YOU--into debt, that they don't want you to pay off. Ever.

The loan sharks LOVE to lend you money they know you can't pay back. They want to keep you right where you are: trapped, stuck, drowning in debt. Owing them forever. As long as they do, your paycheck is their paycheck. You work, the loan sharks deposit your paycheck--or most of it.

What time is it? Time for a wage slave revolt!

Hint: When trucks stop running, the country stops running. One more time: When trucks stop running, the country stops running!

Pay attention, oil company savages.

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