October 22, 2007
Pay me my money down
Remember the old Pete Seeger song? Well, the NYT carries a sad story today of the auction of homes lost to high interest rates. The vultures move in and steal the dreams of the former home owners. Someone is always willing to profit off the misery of others.
One observer shouted, "It's just like any other farm auction." He hit it out of the park. Bidding on each home "took less than three minutes." I wonder how many years good people paid the mortgage every month only to fall victim. Three minutes?
Willy Nelson sings a song, "Dreams don't make noise when they die." Guess not, because Congress knows nothing about the auction. If they could hear I'm sure they would jump into action, doncha think?
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