There was a very interesting article written on Tuesday by Robert Scheer of truthdig.com called “No Banker Left Behind”. The article talks about a recent report from the New York State comptroller that stated bonuses for Wall Street financiers reached a whopping $20.3 billion in 2009, a jump of 17%.

This fact just illustrates exactly what we’ve been saying for years now… that despite the fact that record numbers of people are losing their homes, underwater on their mortgages, losing jobs and racking up debt, the Wall Street fat cats who caused this whole mess in the first place are laughing all the way to the bank.

Read the full article here

Their bonuses certainly weren’t paid because of the fact that they’ve saved the economy or helped the millions of struggling Americans to get by. In fact it’s the polar opposite. They gambled with the homes and mortgages of those on Main Street, and when things didn’t continue to balloon as they had anticipated, they had the US Treasury (read US Taxpayers) flip the bill, to the tune of 1.25 TRILLION dollars.

Once playing with the houses’ money, they bought low and essentially won their “double down” bets, making record profits for the huge financial institutions. But on Main St. things keep getting worse. 1 in 4 mortgages are upside down, millions are behind on their mortgages and/or unemployed. Consumer confidence is at a nearly 30 year low, and the FDIC’s list of “problem” banks just hit a 20 year high. Pat yourselves on the back ladies & gents in the finance industry, bang up job you’re doing over there… enjoy that trip to the Caribbean.

Civil Disobedience and The Debtors Revolt has begun. This YouTube Video has 504,963 views and growing fast with a 5 star rating.

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Jon Maddux

CEO

www.YouWalkAway.com

Jon D. Maddux is the former CEO of YouWalkAway.com. Although there has been a bit of controversy with the company name, the entrepreneur passionately believed that homeowners across America would desperately need foreclosure advice and so he came up with the Walk Away foreclosure help website. Having over 11 years of real estate and finance experience, Maddux realized with the burgeoning credit crisis, many homeowners in adjustable rate mortgages and high LTV loans were unaware of what they were about to face. With that understanding, Maddux developed an affordable business model that allowed homeowners to know their rights and use the law to their advantage. Beyond the monthly foreclosure monitoring service and cease and desist letters, You Walk Away provides attorney consultation in each state and CPA consultations. Homeowners are armed with the knowledge and peace of mind they need to go through possibly the toughest experience of their lives.

Since January 2008, You Walk Away, LLC has helped over 8000 customers navigate through the hardship of foreclosure and / or a short sale. You Walk Away has been featured in news publications and TV programs such as: ABC Nightline, CNN,Yahoo Finance, Time Magazine, The Wall Street Journal, front page of The New York Times, Bloomberg, Forbes, Fortune,Money Magazine, NPR, AP, NBC, CBS and Fox News among many others. Many of these publications have used quotes from Maddux about foreclosure, short sales and mortgages as well as obtaining a mortgage after foreclosure or short sale.

More recently Jon has launched http://www.afterforeclosure.com, a free website that helps people find out if they are eligible for a new mortgage after foreclosure or short sale. There are free resources available on the site to help consumers get back into homeownership. At http://www.afterforeclosure.com and now https://www.loansafe.org, Maddux writes about foreclosure, short sales and getting new financing after foreclosure or short sale. Jon specializes in hard to get Jumbo mortgages after foreclosure and short sale. As you can imagine, with helping thousands of customers go through this process, there is special insight and first-hand knowledge that he gets and is able to share with his readers. Jon Maddux is a licensed mortgage professional focusing on helping people that have gone through foreclosure or short sale buy again with better market timing.