” A Pale Green Mermaid Blog “
Fact: Banks are lent money at 1% interest
Question: Is it then ethical to refuse to lend that money back to the public at a reasonable rate? Say 12% ( for all not just the wealthy)
Fact: Jesus had a reason for throwing the money lenders out of the temple ( now I am talking about the human side of Jesus, hey he was a great guy with a lot of great ideas, a companero)
Question: Would Greece be in such trouble if they could have money lent to them at a reasonable rate?
Fact; The BIG banks had to be bailed out because they control 69% of the gross national product meaning, if they were allowed to fail, ie go out of business a year or so ago, the USA would have gone out of business as well. ( they screwed up now Greece and the rest of ua are paying for their financial mistakes because even today they still refuse to take the hit ( lose money through accepting responsibility by readjusting all the predatory mortgage products they sold in the form of bundled derivatives.)
They knew the ponzi like schemes would fall one day, they just wanted to make sure it did not fall on them… as attested to in the recent investigations in the Senate financial reform committee headed by Senator Dodd and Senator Shelby.
This predatory lending climate continues as the effects of residual foreclosures cover the globe, the banks are making more money in fees through foreclosure than they would by readjusting the derivative mortgage products they sold.
Back to Jesus – looking at his actions as an emblem of an age old problem GREED – today CORPORATE GREED.
From Wikipedia below
In this episode, Jesus is stated to have visited the Temple in Jerusalem, Herod’s Temple, at which the courtyard is described as being filled with livestock and the tables of the money changers, who changed the standard Greek and Roman money for Jewish and Tyrian money, which were the only coinage that could be used in Temple ceremonies. Creating a whip from some cords, “he drove them all out of the temple, with the sheep and the oxen, and poured out the changers’ money and overturned the tables. But he said to those who sold doves, “Get these out of here! Do not make My Father’s house a house of merchandise!”[Jn
In a nutshell he is discussing how and when is it ethical to make a profit. To make money. How far should the people who have power over the masses be allowed to use that power?
When it causes a system to breakdown that then puts pressure and suffering over a worldwide population?
These are the questions we need to ask now and find ways to end this cycle of abuse.
As I see it ,
1. An immediate moratorium on foreclosures – The banks then will have to clean up their mess.
2. At the same time BUST THEM ( the big banks) DOWN.
and start talking to your representatives in the congress, WE DO HAVE THE POWER – it is the power of all our voices joined together.