At the behest of the Obama administration, lenders accelerate foreclosures removing homeowners from their homes to create homelessness and increase dependency. Are these foreclosures necessary to protect bank assets? No! Bank of America is foreclosing and putting families on the streets so that it can give the homes away to charity!
USA Today: "Charities get more donated homes" (Friday, December 30, 2011)
Some people remain under the illusion that the foreclosure crisis is accidental. To the contrary, foreclosures are essential to President Obama's plan to destroy the middle class, eliminate all private homeownership nationally, seize control of all banks and establish a communist dictatorship.
Each new housing policy and banking policy is intended to destroy the constituencies that support freedom and free enterprise while enriching President Obama and his Wall Street cronies.