A SATIRICAL COMMENT AT http://www.informationclearinghouse.info/article30085.htm#idc-cover

 

headline from 2013: "Banks reclaim assets during bankruptcy proceedings, mortagees without proper equity evicted" In what was at first hailed as a victory for fairness banks and corporations have been required to go through bankruptcy as a condition of the most recent bailout promoted by president Snookie. But many are now coming to criticize the proceedings as banks have engaged in a practice called "untranchificatory rehyperintercalibration" made possible by the retroactively applicable amendments to bankruptcy law passed by the new Congress dominated by the Party for the Resurgence of Original American Constitutional Liberties. People who used to be refered to as "homeowners" have now been reclassified as "underpayers" if they have less than 32% equity in the home. Asked if this was fair, a spokesperson for the newly formed International Banking Cartel Committee for the Transition to Global Freedom had the following to say: " We believe that these underperforming assets need to be reclaimed by the productive classes for the purposes of bringing prospertiy back to the hard-working, freedom-loving members of the New Reformed Church of the Imminent Revelation." http://www.informationclearinghouse.info/article30085.htm#idc-cover