2010-09-10 / Letters

Banks Will Be Obama’s Downfall

Dear Editor,

President Obama is going to have a tough time getting elected again. I believe the banks are going to be his downfall. Even though most of them contributed to his campaign he should not have fallen for their conniving ways. They reeled him in, hook line and sinker. Imagine anyone in your line of business that destroyed your business completely and you used the same ones to build up your business again. No one believes that works except Obama, and that’s what Obama did when he let the same banks’ CEO’s back in the drivers seat. And to add insult to injury he said that the reason he did it was because they, the CEO’s, were the ones with the knowhow to get everything back on tract. Can you imagine? What he should have done was rounded them all up, incarcerate them and charged them with theft. Surely there were a few good men lying around somewhere more capable than the CEO’s Obama put back in charge. If he had picked them from hats he woud have made a better choice.

A home run for the crooked corrupt CEO’s is waiting in store till the time is ripe for harvesting. The foreclosures. What a payday for the crooks. Each bank is going to have foreclosures coming out their ears, and other places too. Do you think you are going to get a chance to buy one of those foreclosures from your bank? Forget it. The banks are going to wait, and wait, and wait till the foreclosures are about to explode from every orifice in their bodies. Then they will go into the make believe panic mode. They will tell you they cannot afford to take the time to sell one at a time. They must sell them all together at a discount so they can free up much needed money for the small businesses and home buyers. They will call up the fellow in the bathrobe sitting in the armchair with a cigar in one hand and a glass of wine in the other hand and they will ask him if he can handle it. Do I have a deal for you. Let’s call him Frankie for now.

Frankie will buy the houses from Obama’s CEO’s for 10 cents on the dollar. Now Frankie will handle it from here, and he will handle you too when you want to purchase one of those foreclosures. He will give you the deal of your life. Lets, for argument sake, make the price of the house one hundred thousand dollars market value. Frankie will sell it to you for eighty thousand dollars. A profit of seventy thousand dollars. There is a lot of room for wheeling and dealing there for Obama’s crooked CEO’s. They can handle it, and they will handle it, have no fear of that. And if all this is not tantalizing enough, think of the deal Obama gave the CEO’s from Fannie Mae and Freddie Mac. Six million in bonuses. How’s them apples? And think of the billions of dollars Obama spent to help the ones behind on their mortgages. All that money went to hell in a hand basket because it was handed out by the banks to distribute. After the mortgage holders used up the allotted money they said, “Thank you Mr. President, but I will not continue to pay on a mortgage that is double what the house is worth.” The ones around Obama are living in their own world and obviously couldn’t figure out that the money set aside for the mortgages was a complete waste and a disaster for sure.

JOHN BAXTER

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