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Sub-prime disaster

by Quiana Kyles

Created on: December 12, 2008

MAXIMUM OVERLOAD:SURVIVING THE SUB_PRIME POOL OF DISPAIR

REALITY CHECK

Devastation lingers across the land as families dreams of homeownership become a nightmare of lies, untruths, and deception. How, can million dollar banks now all of a sudden go bankrupt or merge without the effects of that situation being felt among the common people "main street", . Month, after month the "main street" factory workers, caregivers, and "the average Joe" have been the ones paying for the lavish life styles that have been spotlighted in on CSPAN! Mothers, are having to make the ultimate choice between health care for a sick child or making sure that places life Argent Mortgage, Fannie Mae, Freddie Mac, and others, are paid. What, father should ever have to sacrifice time at home with his young doves to work for companies that only pay him gas money? See, that little income, once the living expenses have been paid, food has been placed in the home, all that young father has left is money to place in his tank so he can start the process all over again. Yet, across town Billion dollar life styles are being furnished by 3 million dollar raises given to executives who can't even spell the word sub-prime let along care about the "average American Joe" How, do you survive this madness we all call life?

We'll, the plus is that it makes for really good television to see executives have to give an account for their spending habits. Still, even with all of this coming to light there many families are hurting. One, question was posed on Capital Hill should you ask for that executive to return the 3 million dollar bonus? However, my question is who would be the one to benefit from that money being returned? Why, not give the tax-payers back their money? It's, common sense! Think about it, the economy is the way that it is because the majority of every taxpayers budget goes to the cost of living. Gas, electricity, Water and just the day to day things that effect the run of that place effectively. Now, if the majority of a person's income is going toward housing then how much more (at 5, 6, 7, 8 sometimes 10dollars an hour), do you think would be left to spend on shoes, or clothes to re boost the economy? Oh, and let's not forget the heavy bill we have to pay to uncle SAM? The average person, isn't going to have much left over to cover the cost of everything and still have money left over to move this economy. Do, you see how much power we now have? The economy, stopped growing because we stopped spending, got behind on our mortgages giving a wake up call to every state representative in the country that we are tired of the games and lies of the sub-prime industry and the day of accountability has arrived. Do you congress, the sub prime industry, and Washington hear our Silent Whispers?

Learn more about this author, Quiana Kyles.
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