Show Me The Note, Motherfuckers!

Zero Hedge posts a followup to Gonzalo Lira’s The Coming Middle-Class Anarchy. Wherein Brian and Ilsa, a retired middle class couple, find themselves with an underwater mortgage. They also find themselves in a very typical bureaucratic run around.

In response, they sensibly did what more and more people will be forced
to do, if banks don’t pull their heads out of their obviously comfy
asses.  

They demanded to see the note.

I’ve spent a good portion of my free time over the last several weeks trying to find alternative branches to the narrative line that is quickly approaching.

Perhaps I’m not clever enough, or knowledgeable enough to faithfully follow Ariadne’s thread. Because I keep circling around the same conclusion: the mortgage (and by default the banks, no pun intended) system is going to grind to a halt because of this issue. And when it does, everything impacted by banking is going to grind to a halt.

The alternatives:

The banks screwed up. But they won’t risk losing market share by admitting it then taking the necessary steps to fix it.

The government can’t step in. Mortgage laws vary by state. There are a host of Constitutional issues preventing a mortgage “bailout” a la JP Morgan or Chrysler. For one thing the auto makers didn’t falsify documents. Their sin was poor business models based on the fact that the US of A can’t compete with countries with universal health care.

The middle class only needs a tiny spark to ignite all that bone dry rage they’ve got lying around. These folks, who have generally only known privilege, won’t have as much patience with the types of bullshit that the lower classes have long ago been broken to. Let those retired boomers…you know the original “Me” generation …decide to harken back to the good old protest days. Silverback Activists and the “Great Bank Sit-in (sponsored by Metamucil)”

Rage on disenfranchised white middle class hellions! Rage on!

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