What is really behind the foreclosures?

Does anyone remember when about a year ago, all of the credit providers suddenly upped significantly the required minimum payment? It was for our own good, of course. Because after all, if we made only minimum payments, then it would take forever for us to pay off debt!

Of course, if you dig back, it was the big push to stop predatory lending (the ridiculously high interest rates). The problem is, everything you do to try to curtail big money banks, they find a way to get the money from other routes - like raising the monthly payments, like raising fees on everything, you get the picture.

But what do you think happens when people who are barely able to make their minimum payments suddenly have to make DOUBLE the minimum? Something has to give. Because no one has been getting raises that keep up with inflation as it is, not to mention the skyrocketing fuel and food prices.

Suddenly people who were making the minimum payments to get by had to find other ways to pay the levels (probably by borrowing more money), and got to a point where they couldn't pay all their bills. All of this was done to "protect" consumers, because minimum payments would take forever to pay off a debt. And let's not forget - it's even harder now to file bankruptcy, so it's uncontrolled foreclosures, worsening credit woes, depression, suicide.. (and yes, at least one person has committed suicide because of foreclosure).

And suddenly everyone's wondering why people can't pay their mortgages. Inflation has gone up significantly thanks to Al Gore and his terrorism, because food is scarce, gas is scarcer, and the dems won't allow more drilling.