Tuesday, August 02, 2011

Banksters Bulldoze Homes While More Americans Live in Tents.

What's the difference between banksters and gangsters?

Well, according to Dylan Ratigan, the difference between banksters and gangsters is that banksters have the government behind them: "the ‘vampire' banks ‘have assumed control of our government." In other words, government sanctioned theft.

And, so it goes.  With more than 1.7 million homes in foreclosure, and more to come, Bank of America, Wells Fargo, JP Morgan, Fannie Mae, etc. discovered a new way to foreclose: bulldoze!
Increasingly, it appears that banks are turning to demolition teams instead of realtors to rid themselves of their least-valuable repossessed homes. Last month, Bank of America announced plans to demolish 100 foreclosed homes in the Cleveland area. The land will then be donated to local government authorities. BofA says the donations in Cleveland are part of a larger plan to rid itself of its least-salable properties, many of which, according to a company spokesperson, are worth less than $10,000. BofA has already donated 100 homes in Detroit and 150 in Chicago, and may add as many as nine more cities by the end of the year.

Meanwhile, desperate and destitute U.S. families are building tent cities , as they fall victim to the bankster created economic crisis, forced to live in makeshift homes in forest
In scenes reminiscent of the Great Depression these are the ramshackle homes of the desperate and destitute U.S. families who have set up their own 'Tent City' only an hour from Manhattan.

More than 50 homeless people have joined the community within New Jersey's forests as the economic crisis has wrecked their American dream.

And as politicians in Washington trade blows over their country's £8.8 trillion debt, the prospect of more souls joining this rag tag group grows by the day.

Building their own tarpaulin tents, Native American teepees and makeshift balsa wood homes, every one of the Tent City residents has lost their job.


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