The Pattern of Foreclosures, Unemployment Despair, Suicide and Murder
It has become a repetitive pattern of foreclosures, unemployment, despair, suicide and murder. There seems to be a depression in the soul of society as very survival is at stake for ordinary Americans.
The killing of a student of Fenger High School in Chicago made the President send Eric Holder, the Attorney General and Arne Duncan the Education Secretary to the scene of crime. Their aim, said Robert Gibbs, the press secretary of White House was to “talk about issues of school violence and youth violence.”
The killing drew international attention at a time when President Obama in Chicago was trying to ensure the hosting of the Olympics in Chicago. This embarrassment caused the President to react strongly.
Undoubtedly the killing of young Derrion Albert was horrendous but it needs to be borne in mind that it is not an isolated incident. In 2008, 400 youth were shot and of these 40 were murdered. Each year more numbers are being innocently butchered due to an increasing cult of violence. In Chicago and some other urban pockets it is a matter of routine. This has resulted in a fear psychosis among children when they start going to school. The first priority of any society is to see that the children are given safe passage to educational institutions.
Troops had to be deployed by the federal government for the fist time to desegregate students in Little Rock, Arkansas. But that was nothing in comparison to what is happening in the streets of America today. Concerted action is required to curb violence guaranteeing safety to the children and their parents to and fro schools.
The present Attorney General, Holder is dedicated to building again the Civil Rights Division of the Department of Justice. But also is required civil rights involvement. In Chicago, Attorney General Lisa Madigan has demonstrated that minorities have been the victims of predatory lending. It is they who were forced to swallow sub-prime loans with absurd terms in the agreement. Mostly the young workers were fleeced and stripped of their American dreams.
The Blacks and Hispanics, cutting across income divides were made to pay much more for mortgages and business and personal loans in comparison to the Whites. They are suffering more from the foreclosure crisis than others – losing homes faster. It is their neighbourhoods that are worst hit – as statistics will testify.
- Amidst Foreclosures, People hold Negotiations for Lower Mortgage Payment
- The Middle-Class is now Being Affected by Foreclosures
- Lenders Seem to be Making more Money from Foreclosures than from Modifications
- Foreclosures and Unemployment Tries Out the Patience of Chicago
- Increase in Foreclosures has Led many Legal Personnel to Opt for Assistance Dealings
- Foreclosures are One of the Prime Reasons for Increasing Homelessness
