The enabling legislation for the 'foreclosure crisis' was The Bankruptcy
Abuse Prevention
and Consumer Protection Act of 2005
This ill-guided law guaranteed that the government would be the strongarm
enforcers for
the loansharks, the predatory lenders. Without the government guarantees
provided by
BAPCPA, no bank would have lent 125% on appraised value.
--
Said American [Indian] Chieftain Acuera in reply to
the invader de Soto's demand for submission to
the king and the church so as to 'enjoy the benefits
of 'civilization' and service:
"I have long since learned who you [European Christians] are,
through others of you who came years ago to my land;
and I already know very well what your customs and
behavior are like. To me you are professional
vagabonds who wander from place to place,
gaining your livelihood by robbing, sacking and
murdering people who have given you no offense.
... Accordingly, I and all of my people have vowed
to die a hundred deaths to maintain the freedom
of our land. This is our answer, both
for the present and forevermore."
-- "Florida of the Inca" (1591)
by El Inca [aka Garcilaso de la Vega]
- First American Author to be published.
