By Mike Zaman

With the worst economic “depression” of our history continuing to unfold, Government is paying lip service to the needs of America, and slapping some 20 million of our citizens who are unemployed across the face.

It seems that the Banks always come out on top, well maybe not all, but certainly that contingent on Wall Street. US Taxpayers have been misused and abused, their money taken without their agreement to prop up AIG and Wall Street in order that these mega banks could continue to foreclose.

One simple stand could have saved borrowers and forced the banks to think about their misdeeds, but Timothy Geithner, Obama’s now right hand went against the interest of the taxpayers, and favored the banks, that Wall Street group that is even now putting it to American interests.

Last month was the worst month for borrowers, more of their homes were foreclosed setting new records that will soon be broken, and the onslaught continues with no end in sight, in fact the rate of foreclosures is increasing.

Who will advocate for the homeowners interest?

Obama has proposed two plans to help troubled borrowers, but these plans were voluntary as such the banks refused to work with the borrower, the reason, they make a larger profit by foreclosing where they are made whole by the insurance policies carried against default. So there is a real interest on the part of banks to foreclose.

It’s really nice that the banks can survive while the rest of us are standing in soup lines.

Apparently capitalism does work, but unfortunately not for the people.

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