As a result of fraudulent actions by the “Too Big to Fail” banks, 28% of US homeowners now owe more on their mortgage than their homes are worth. A new survey by Fannie Mae found that 27% of American homeowners are considering walking away from their mortgage.
Why should we be forced to pay an overvalued mortgage when it was the big banks who wrecked the housing market? After getting bailed out with trillions of our tax dollars, the big banks are reaping record profits and their executives are giving themselves record bonuses. Meanwhile, as they continue to push home values off a cliff, we are forced to pay for their crimes with outrageous mortgage payments and increased property taxes.
This scandalous exploitation of the American public has to stop. The time is now to strategically default on mortgage payments en masse. A National Mortgage Default Action will begin on the 4th of July. Celebrate your financial Independence by joining this movement here.
Full Call to Action:
“Here we stand on the precipice of financial and spiritual collapse. An economic virus has been allowed to infiltrate the homes of decent and upstanding people which deters us from living the way we would like. There comes a time in all of our lives where we must stand up for ourselves and our livelihoods – not only because of the crisis we are currently facing and the oppression we have been dealt; but for the livelihoods of our children, and the betterment of society as a whole.
Banks have foreclosed on millions of homes throughout the United States. These homes – now empty – were once lived in by everyday people like you and me. These American families have now been cast aside into a crumbling economy.
With long-term unemployment at an all-time high; with an all-time record number of American families now living paycheck-to-paycheck struggling to make ends meet, We The People of this great nation must unite and take our lives back; take back our self-esteem, and take back the glory that has been stolen from us via unethical means from these malicious banking magnates.
As the “Too Big to Fail” banks are bailed out with our hard-earned taxpayer dollars, we are made homeless and to suffer at the hands of tyrants.
We ask you, as the people of America: what will it take to get you to stand up and be the empowered citizen you are?
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