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The following info is credited to IAF Metro:
The results of the recent economic collapse and current depression
have been devastating to scores of millions of Americans. In Metro
Industrial Areas Foundation (Metro IAF), a network of 17 broad-based citizens organizations
throughout the East Coast and the Midwest, organizers and leaders do not just
look at statistics. They look at people’s eyes as people talk about lost homes, jobs, pensions,
savings and dreams for their future and for their children’s futures. People’s lives have been
turned upside down in a remarkably short period of time. At first, too many blamed themselves
for what was happening. They felt shame and suffered in isolation and in silence. They did not want to
let neighbors, friends, and other members of their congregations know how much they had
lost. However, as the facts have emerged, people’s shame has turned into anger. Many bankers
and mortgage brokers peddled impossible loans the way dealers push drugs. Unrestrained
credit card companies kept multiplying and refining ways to cripple borrowers.
So-called financial experts and advisors gambled away the pensions and savings of
Americans who had worked hard and responsibly their entire lives in schemes that were
riskier than betting on the roulette wheel at a casino.
have been devastating to scores of millions of Americans. In Metro
Industrial Areas Foundation (Metro IAF), a network of 17 broad-based citizens organizations
throughout the East Coast and the Midwest, organizers and leaders do not just
look at statistics. They look at people’s eyes as people talk about lost homes, jobs, pensions,
savings and dreams for their future and for their children’s futures. People’s lives have been
turned upside down in a remarkably short period of time. At first, too many blamed themselves
for what was happening. They felt shame and suffered in isolation and in silence. They did not want to
let neighbors, friends, and other members of their congregations know how much they had
lost. However, as the facts have emerged, people’s shame has turned into anger. Many bankers
and mortgage brokers peddled impossible loans the way dealers push drugs. Unrestrained
credit card companies kept multiplying and refining ways to cripple borrowers.
So-called financial experts and advisors gambled away the pensions and savings of
Americans who had worked hard and responsibly their entire lives in schemes that were
riskier than betting on the roulette wheel at a casino.
