Servicing the Banks, Suffocating the People July 22, 2010

by Will

Will Grigg?s Liberty Minute

July 22, 2010

Lord Acton, who famously warned about the corrupting influence of power, shared another critical insight: ?The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.?

When allied with political power, banking establishments, Thomas Jefferson warned, are more destructive than standing armies. Neither Jefferson nor Acton would be surprised by the fact that banks bailed out with money stolen from taxpayers are refusing to renegotiate mortgages that desperate, upside-down homeowners simply cannot repay.

Bank of America, which received $25 billion in bailouts, is being sued over its refusal to comply with the Home Affordable Modification Program, supposedly designed to help homeowners avoid foreclosure. The lawsuits allege that BoA employs delaying tactics -- such as conveniently misplacing critical paperwork ? to avoid negotiating with debtors until the mortgages are in default.

Our current political system is servicing the banks and suffocating the people. That?s one of the most important reasons why it simply cannot survive.

Let us take back the liberty wherewith Christ has made us free.

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