The American Dream and just plain dumb. If you are paying on a 30 year mortgage, you might want to rethink it.
Go figure: for this we swap our integrity.
You make the call. Someone is lending you money on faith that you will make your payments for 30 years.
The great lie.
Maybe you think that megacorps give a crap about you. Maybe you think that because there is a human on the other end of the phone connection that means someone cares. Maybe you think because of wonderful color ads or cinematography that they really mean that they care about you as a consumer/customer. That is cool, I feel good for you.
There is much debate about faith after proof. That is just downright silly. Faith does not require proof. Proof requires no faith. Somehow our larger financial institutions have you relying on faith in order to enter into agreements with them. And even more astounding is our belief that it is right to honor those agreements. That is crazy old school that assumes ethical and one on one relationship to bind our words. Take my word for it, there is not an ethical, moral fiber in the corporations that take advantage of you and break a bunch of laws in the process.
There are a slew of federal and state laws that govern your contracts with these “untouchable” corps. Next time you get an unsolicited letter from a group intending to right the wrong of mega corp, read it and get on the internet and research it. You will not get a slew of money, but the bad guys will be forced to pay a slew, not enough but at least something. The reason those “class actions” work is because the bad guys did wrong. The reason you do not get a slew is because that would trash and beat to hell the innocent stock investors.
Let’s just take Fannie Mae. So cool they are that they are involved with more than 80% of all American mortgages. Could they ever care about you? I think not. Well assume you do some business with Bank of America. They just handle over 85% of all checks that pass through our system. Oh sure they care about you and your check, and Santa Clause lays golden eggs that float into the sky.
Sheer numbers that reach into the stratosphere, are designed to eliminate individual transaction caring. They do cost benefit analysis to determine how to cheat you and how much. They actually have meetings to discuss the percentage of folks that will get pissed and do something about violations of law and calculate that into the cost benefits of cheating you.
I gotta make my accord for being a part of the system. I hope you do not have to make your accord for letting them get away with it.
The concept of the American dream was before mortgages. Then through advertising they kept the myth going. I really do not want a white picket fence -- do you?