Banks and Loans

There is a question which troubles me deeply and I would like to direct it at this nation’s financial giants. I am a middle-class, middle-aged wage earner who still believes in the Amerian dream. One of the things that was supposed to be possible was the ownership of a home. This has become the impossible dream for many in this land of opportunity.

My question is why have so many American financial institutions loaned all these billions of dollars to Third World countries? If they have all that money why can’t they invest it in the lives and aspirations of the people who put the money in their vaults to begin with? They can foreclose on a house if someone like me cannot make good on the mortgage. With Brazil arrogantly announcing that it has suspended just the interest payments, how do you repossess a foreign country?

Somewhere along the line leading to America participating in a world economy, the little guy who pays the bill, always has been severely shortchanged.

GLENN GARRETT

Montrose