It’s real simple. However, the greed and averice is like a runaway train in America.
Ok we are screaming down the tracks and the government expects the public to carry the burden of their mistakes. Billions were paid to bail out the banks. They are now stable. Now, the banks turn to the homeowners and take their payments that they have made and keep it, foreclose on their home and sell it for a profit.
Let me give you a parable about this:
There was a king whose magistrate owed the king so much money that in his lifetime the magistrate would never be able to repay him. The magistrate pleaded with the king to forgive his debts for he would be ruined if the king demanded all the funds returned. The king had mercy on him and forgave the magistrate all his debts. The magistrate was so grateful to the king.
The magistrate went home. One of his debtors came to him to plead that the magistrate would forgive him some of his debts. The magistrate threw him in jail and took all his prossessions. A friend of the magistrate saw this happen and went and told the king. The king called the magistrate to the thone room. The king said,” You wicked governor. I forgave you all your debts and you would not forgive a lessor man. So, the sentence that you proclaimed on the lessor man is your punishment. You shall lose your gain and I will give it to the lessor man.” The king seeing that the magistrate was a greedy and unforgiving man, took all that the magistrate had and threw him in jail.
We can stop the craziness right now. The public home owner needs forgiveness like the banks recieved.
The banks have been given a reprieve by the President and Congress. Now the banks can give the homeowner a repreve.
Here is how. All those who own the contract for the homes in America are to call in the homeowner. They are to take the contract between them and the bank- cross out the current amount of the loan and write in the current property value that a home would sell for, not the taxed amount. They would cross out the interest rates and replace that with a fixed 30 years rate current interest rate of 4.5-5% fixed rate. There would be no charges for refinancing.
The people can keep their homes. The US citizens can go back to work. Peace will be in our land, again.