This is Naked Capitalism fundraising week. 560 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or WePay in the right column or read about why we’re doing this fundraiser and other ways to donate, such as by check, on our kickoff post or one discussing our current target.
I was humbled by this comment yesterday on Bill Black’s post on our fundraiser:
November 14, 2012 at 9:54 pm
I just emptied my entire Paypal account in Yves direction, all $2.01 goes to aid in her upkeep.
In foreclosure, my wife and I left the house she designed (architect) and I (contractor) built. We’re in federal court pro se against the monster B of A that Yves has written about many a time. Tough go, but you have to stand up to this bullshit. Billion to one odds, but it has to be done.
These financial institutional cancers are like nothing ever before seen on this planet. They keep growing like the blob of sci-fi lore…they’re destroying the countryside like Rodan, leaving millions homeless while millions of homes lie abandoned by these same banks, who’ve stripped America naked. Societal parasites, and few anywhere else talk about it.
The bottom line is….what can be said of a society that parks millions upon millions of empty houses over here, while tossing millions upon millions of evicted citizens over there? Could any civilization be happy with that outcome? Isn’t that embarrassing at the least? Seriously inhumane at the worst? Who ordained this shit?
Thank you Yves, from the bottom of my heart. I love you dearly. When I can send more I will. Your primers on securitization and foreclosure fraud have aided me more than you’ll ever know.
Many people in America have taken huge losses as a result of the financial crisis. And some of the greatest damage isn’t just to their savings, but to their mental health: the unwarranted self-recrimination, the sense of isolation and powerlessness.
2little2late knows he will probably lose against Bank of America. But he isn’t just entering into this struggle with the primary objective of winning, he’s doing it to inflict costs on them by making them go to court, to establish a record, and most important, as a personal statement, to stand up for his dignity.
Many of us here are looking to find ways to take our power back, to demand justice and decency from an increasingly predatory financial system and its collaborators among the elites. Many of these battles will not result in victory. But the most important thing is not to give up on bringing the miscreants to heel. The failure to reform the financial system means new crises are inevitable, but if the banks succeed in reducing the public to sullen resignation, their success will be complete.
2little2late wants a different debate, a different society, and a different culture. And when you give, this is the sort of person you are helping, in joining and reinforcing his demand for justice and acountability. And helping people like him ultimately helps all of us.