So yeah, this happened:
Right now everyone is going nuts over this quote by [CEO of JP Morgan Chase & NY Fed Reserve Advisor] Jamie Dimon on CNBC.
"Giving debt relief to people that really need it, that's what foreclosure is."
You have to understand to a rich parasite like Dimon the idea of a house being a home is as foreign as caring about America is to GE CEO and Obama Job Advisor Jeff Immelt.
"[Homeowners] are probably better off going somewhere else, because they get relieved almost 100% of the debt through foreclosure."
Who cares? Just walk away and take a few million out of the bank (Dimon makes $20 million a year - much of it previously taxpayer bailout money) and buy a new home.
Of course Dimon doesn't realize/care that when people are foreclosed on they usually don't have millions of dollars in the bank to buy another home or even a place to stay. Whatever, Dimon's coworkers at the NY Fed made sure JP Morgan Chase got a nice bailout which is funny because most business professionals and economists, using Dimon's logic would say "bankruptcy gives debt relief to businesses that really need it, that's what bankruptcy is. "
These are the people YOU are allowing to control the American economy. WAKE UP!