Reader's Blog: Children in shelters because of bank debt
Vulture funds and private (which citizens bailed out) banks sell indebted mortgages and pursue families, in a manner no way easy to differentiate from medieval church torturers, stretching embattled families on the fiscal rack, breaking them on the Catherine wheel of ghastly personal mortgage debt, then moving on to other loan bundles containing, inevitably, more terribly distressed families in private mortgage debt.
Families are trying in desperation to stay together and stay in their homes, in the face of such awful pursuers, relentlessly grasping for lucre.
Debt from enterprises ‘too big to fail’ is now put over the backs and shoulders of our grandchildren. That’s shameful.
Meanwhile, today, private banks and vulture funds oppress and immiserate families, tormenting them like medieval clerics did ‘sinners.’ An exaggeration?
Tell that to the 3,000 children in homeless accommodation.
We need money to train specialists in child psychology to heal these families and not to allow private banks and vulture funds to destroy them.
