THE FORGOTTEN VOTERS (EDITED/UPDATED AND AMENDED 6/11, 12/29/2013 as well as 1/16, 4/12, 6/8 & 8/17/2014 as well as 9/21/2015)!

Introduction:
The election is over, however, the conditions that brought about the worst financial crisis since the “Great Depression” still linger on. For example, the millions of homeowners caught in “under water” conditions without real clear choices didn’t just fall off the cliff (as those two female characters did at the end of that move, bearing their names). Some may choose to forget that those affected were actual individuals with implications far greater than the “soothsayers” proclaiming, “better could not be done under the circumstances”, are willing to admit. Every single household affected, could potentially impact the lives of two (2), three (3) or even (4) individuals when estimates placed that total at the end of 2009 at approximately 10.7 million. The implications are staggering, with the possibility of 20 million, 30 million or even 40 million lives being affected and possibly more. While it may not have been a significant influence on the recent election as events were still unfolding, in four (4) years when these individuals are still struggling because no one cared, those individuals will remember in spite of efforts to gloss it over, how they were treated and let their “voices” be heard at the polls. This description is intended to quantify the lasting effects of the recent financial crisis in real terms, for those with future political aspirations.

The Following is a Cross-Sectional View of the Recent Financial Crisis:
The November 24, 2009 edition of that Daily/Weekend Business Street Publication (A1/4) discussed in the Headline article the depth of the “under water” homeowner situation. Estimates of the problem and some of the associated issues involved were as follows:

1. effecting a staggering 23% of all U.S. homeowners according to First - American CoreLogic, a real estate information company based in Santa Ana, CA. It was characterized as “an outstanding risk hanging over the mortgage market”, which is not limited to the unemployed. In 2008, 588,000 mortgage holders defaulted on their mortgages more than twice the number in 2007 according to Experian.
2. it (“under water” homeowners) was placed at a national average of 22.6% with the states of Nevada, Arizona and Florida leading the way with figure of 65%, 48% and 45% respectively of percentages of the households in those states being in “under water” conditions. These referenced States along with California being described as those most likely to be in deep “under water” conditions, with Nevada (when the figure is dissected) having 30% of homeowners owing 50% or more on their home than the homes were actually worth.
3. bargain hunters who jumped at the opportunity to pick up distressed homes, now found themselves effected in 2009 as 11% of these individuals were also now “under water” as home prices continued to fall.
4. The problem persisted because mortgages companies’ unwillingness to reduce the principal balance in most instances fearing to set precedents among these most helpless of society (for the most part).
5. This position would be more meaningful if the same lenders hadn’t sought to have an “unfair” accounting Rule that required them to use “actual” market values for their mortgage securities in their balance sheets repealed, unleashing an army of lobbyists on Congress (see the post HOW CAN THERE BE ANY DEGREE OF CONFIDENCE THAT THE STATE OF FINANCIAL FIRMS IS WHAT THEY APPEAR TO BE?) and were themselves assisted from teetering on the brink of insolvency.
6. However, since many of these affected aren’t in critical States (by the determination of some) where 3-way financial deals can be worked out to assist those with social security issues through “stellar” mortgage arrangements worked out via the issuance of creative “mezzanine notes” (see the post WHAT LESSONS HAVE BEEN LEARNED FROM THE RECENT FINANCIAL CRISIS?), they can be forgotten.

The Lessons that Can Be Applied From History And the Implications:

A price will always be paid by those politicos types, who often do what’s expedient and self-centered instead of what is in the national interest for all, (or cater to just a few "free loader cause" types), whether on a state or national level and the lessons aren’t that far back. Examples abound and the best selected here for use is that of the ex Governor of that populous State who chose an expedient Proposition as a avenue for his own re-election instead of the long-term implications of his actions and generations of those angered by his actions are still in that State’s political arena who remembered and are passing it down to others, especially for those seeking higher political office. Similarly, those tens of millions of affected "tax-paying" households will remember their situation largely as being ignored by those in power, who in turn catered to the very uncompromising banking industry when they rushed for assistance from their plight and other (questionable "shadowy" types) from (far off) “critical” states (or not) with social security issues to address, were allowed to benefit from sweetheart mortgage deals worked out with less than 1% deposit being put down, largely as a result of an economic crisis caused in part by shadowy types who themselves don't pay taxes in their own identities as shown by the example in the post SUPPLEMENT TO THE METHODS OF "FREE LOADERS" - THE ADDENDUM and furthermore aren't even legally authorized to be in the Country, but who are just hiding in the shadows behind the solid "foundations" an unsuspecting individual and correctly called out by the Financial Crisis Inquiry Commission (FCIC) in their Report as being a major contributor to the crisis in spite of the actions of their supporters in providing questionable "support" for such types as documented in the listing in the Conclusion section of the post WHEN THINGS COME TOGETHER UNEXPECTEDLY - UPDATED to prop up their "cash cow" as described in the listing in The Finale section of the post WHEN TRUST TURNS - UPDATED. The actions of such types are documented in various posts on this Blog such as SUPPLEMENT TO "FREE LOADERS" AD THEIR EXAMPLES - UPDATED as well as THE METHODS OF "FREE LOADERS" - UPDATED. 

The Conclusion:
In my opinion, since we are all accountable for our actions, any with the need to reconcile statements should do so even if not fully aware of the extent to, which various developments were on-going at the time. Those who were aware of the existence of this "Misguided Development" and could have but did not take a stand when in a position to do so will be remembered, by those ignored, overlooked and forgotten voters because the so-called improving economic conditions, which typically does not reach everyday ordinary individuals that cannot be relied on since no one really knows for certain the extent to, which such conditions are a result of the change in the accounting rule as opposed to how much is really actual improving conditions that most tax-paying households are still waiting to "feel the full effects of, will be remembered by the voters as having shied away from taking action against these non tax-paying "free loaders" and instead chose expediency because it benefited a few who "profit" from these "free loaders" as the description for those of this cause with "origin issues" points out and who milk the financial system and don't in reality contribute to it, in their ever increasing numbers as pointed out in the To Digress description in the Consider the Following Scenario section of the post PUTTING ON YOUR BEST FACE - EDITED AND UPDATED and quite rightly so.