letters and counting!
Hello Abby, I am the 99%. My husband and I did everything "right". Got college degrees, worked hard, borrowed less than our house was worth, made 12 years of steady mortgage payments, etc. We held up our end of the social contract. Then I got cancer, which shot a $25,000 hole in our boat. Then through no fault of our own, my husband lost his job, and his entire field went under in the great recession. He's a construction consultant. Our mortgage holder, like many big investment banks, would not work with us at all. Would not lower our payments. Would not adjust the principal. Would not accept a short sale. And we lost our home. It eventually sold to a landlord for a great deal less. We played by the rules and we got nothing, except a ruined credit score and a new poverty level of income. Oh, I guess we also get names attached to us like "lazy" and "greedy". The 1% played fast and loose with collateralized debt obligations and credit default swaps. The 1% got a bail out with tax payer money. The 1% nearly tripled it's wealth while we were packing our belongings. And now the 1% wants to control my government and all the natural resources. We say no. We say enough. We are the 99%.