Gimme Shelter | Philip A. Farruggio

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Philip A Farruggio -- World News Trust

April 3, 2014

“Ooh well the storm is threatening, my very life’s at stake. Gimme gimme shelter before I fade away… “

Such go the words of the Rolling Stones, circa 1969. Has anything changed since then?

Well, according to writer David Dayen in his fine recent article in Salon.com, yes, things are spiraling downward for us working stiffs in Amerika. Dayen reports: “The Wall Street rental scheme, the mass purchase of 200,000 single-family homes by hedge funds and private equity firms to convert to rental properties, has run into trouble … complaints from renters have proliferated, alleging that: A) repairs go unaddressed; B) leases violate local tenant ordinances; and C) unnecessary evictions often occur due to negligence … The plan to sell bonds backed by revenue from the rental properties has also stumbled … suggesting that homes aren’t being occupied at a level necessary to make the deal work.”

So, how do the Wall Street landlords rectify this mess? Well, they create this National Rental Home Council to propagandize American renters with the "wonders" of absentee landlords, especially big corporate ones. Dayen reports the giant Wall Street predators that back this new council went out and hired a “lobbying shop made up of veterans of the Clinton White House!“ This company, the Glover Park Group, founded by former White House press secretary Joe Lockhart, has represented a large number of corporate clients over the years, earning a new high (for them) of $ 7 million in 2013, mostly from the banking and real estate sector.

So much for our two-party system of adversarial politics. The more one checks the facts, the more one sees both Democratic Party hacks and Republican Party ones leaving government service and working for the Fat Cats.

Is there a solution to this mess? Of course there is, if only the majority of we working stiffs out there, who make up the 99% that so many grass roots movements refer to, would demand the following change:

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http://worldnewstrust.com/gimme-shelter-philip-a-farruggio

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1. More.

http://www.democracynow.org/2014/4/10/wall_streets_land_grab_firms_amass