Colin
The wealth of the middle class is being eroded in this nation due to for the most part unlawful foreclosures which need to be undone. This is not tradition and stability, it is intentional fraud in violation of traditional banking laws. The banks used every foul trick including declaring defaults where none existed, created by an intra banking system called MERS which system often saw after the fact changes to hide the wrong doing.
Traditional banking requires the originator bank to hold the note, necessary to foreclose. But the note and loan were sold sold on the stock market as MBAs and the originator bank, making a profit on the loan no longer held the note The whole thing was scam cooked up by the mega banks, who then got a multi trillion dollar welfare check called TARP, a fancy name for welfare and if the loans defaulted. the banks rec'd 70-80% on the dollar insurance money. The megas trumped up the cost of real estate and sold these MBAs as AAA credit rating rating. It all crashed and so did retirement funds and other investments What a bunch of cheats. They are not manageable too

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