Another WTF?

I just saw a report about a couple that was needing to renegotiate their home mortgage.

They’re falling behind on their payments.

They’re New Yorkers and their house payment is about 3K a month. I know NY is expensive and I’ve heard of much higher payments on the left coast.

So while the house payment is higher than I’d be comfortable paying I don’t think it’s out of line for an average American Family these days.

If both people are working and they’re not extravagant about their expenditures, then this is a snap shot of “Normal Americans” these days.

The other way these folks are average is that the Husband has been layed off and hasn’t been able to find another job.

So they attended an event by invitation sponsored by the Federal Government that connects Americans in trouble with the banks and seeks to facilitate loan renegotiation under an Obama program.

They were denied a renegotiation.

Why?

Because the wife made too much money!

So let’s recap, Wife Employed, Husband unemployed, behind on bills, behind on mortgage.

The couple wants to honor their debts, & keep their house but they’re NOT eligible to take advantage of a Government sponsored program that would allow them to simply renegotiate their mortgage…

BECAUSE THEY MAKE TOO MUCH MONEY?


WTF?


Isn’t it enough that they’re in serious trouble?

I so totally don’t get it. The banks and the government would rather see a decent hard working couple who’s having a rough patch get foreclosed on, have their credit destroyed, and end up homeless than to take action….

Who does this serve? It sure as hell isn’t “We The People“

This is what Occupy Wall Street should be bitching about!