The financial crisis of 2008 meant that, at least in Spain, many people lost their homes overnight. Javier Crespo, who has been a victim of this harassment and repression by banking institutions and who is now a spokesperson for the Mortgage-Affected Platform, complained that “generalized amnesia has spread across society” regarding effects and consequences of that crisis more than a decade ago: “That crisis had a causeand it was not a planetary cataclysm, nor a natural catastrophe. “
“It was the desire to rob a financial system that, through a gigantic mortgage scam, set up a system that led to the collapse of the world economy and caused the precariousness of hundreds of millions of families around the world”, he recalled. Javier, who asked “not to have such a short memory”. According to this PAH spokesperson, the origin of this crisis was that “banks have discovered – first in the United States and then reproduced around the world – a gigantic business: granting many mortgages, and the bigger they are, the better. Because the business wasn’t that we pay the mortgage payment“.
According to Javier, the banking entities “made very large packages with those mortgages, tied them up and sold them to securitization funds.” “Why is there amnesia about who was responsible and what consequences did they face? Because the consequences are faced by the citizens of every country, with the ruin of entire countries; among these, Spain, seriously, like almost all of southern Europe “, Javier denounced, insisting that” this crisis caused by the financial system itself was the one that left us without work, without the means to pay the rent “.
A situation that, as Javier himself warned, is recurring in the face of the scenario of economic uncertainty that is being experienced not only in Spain, but also in the rest of the world: “Unfortunately, people are facing an increase in their mortgage account. it will be quite expensive to deal withAnd he concluded with a warning: “People only come to us when they have a problem that is late: when they have long since stopped paying the mortgage bill. And we have to act faster. “
