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Hello, my name is Chris Krehmeyer, President and CEO of Beyond Housing and your host for New Kid on the Blog.  This blog is provided as a community service to educate, enlighten and empower people concerning housing, the foreclosure crisis, community development, poverty and any other topic relevant to the mission of Beyond Housing.  Beyond Housing reserves the right to approve any comment posted in response to my blogs and will not post any comment that contains offensive or suggestive language.  To paraphrase Dr. Martin Luther King, we can disagree without being disagreeable.  I am looking forward to exchanging ideas with you.

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Mar 19

Written by: Chris Krehmeyer
3/19/2009 1:53 PM 

I won't belabor the national frustration and anger about AIG and the absolute absurdity of people getting that kind of money for precipitating our global financial meltdown.  I do want to ask - do you remember when $170 million was a jaw dropping, oh my god kind of number?  I do.  In today's world it is sadly chump change!  We, the taxpayers, have allocated nearly $200 billion to AIG alone in last six months.  Well, I am here to say $170 million is a lot of money and can do a great  deal of important work.

This is what Beyond Housing could do with $170 million...

We could fund our entire organization, serving thousands of individuals annually, help strengthen neighborhoods without any other support for over 30 Years!

We could open and complete 110,000 individual development accounts helping every family living in poverty in the St. Louis region begin to build their wealth and more to a brighter tomorrow.

We could buy and rehab over 3,000 homes in the St. Louis region and offer them to sell or rent to many families who desire and deserve a decent and safe place to live.

We could fully fund our Pagedale Family Support Center and open four more in the Normandy School District that would also be fully funded for 11 years!

We could provide over 45,000 first time homebuyers with down payment assistance to allow them to begin building their assets and wealth, strengthen neighborhoods and position their children for success.

I hope you get the idea.  Now, what would you do with $170,000,000?

Let me know.

 

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3 comment(s) so far...

Re: AIG, $170 Million: Beyond the Sound and Fury

Fury does not describe the feelings .
Only if everyone felt this way the world would be so much different. My family has often said imagine the good we could do if we would win the lottery . Imagine what the government could do if they looked toward the common people.

By christy kramlich on   3/19/2009 2:32 PM

Re: AIG, $170 Million: Beyond the Sound and Fury

Let's imagine and then let's go start a movement. True change will only happen when enough of us regular folks demand it. What was the line in the movie from years ago - "I'm mad as hell and I'm not going to take it anymore!"

It can't be blind anger though, it must a thoughtful but adamant call for change. As my friend Benjamin Akande says "we must have constructive impatience".

By Chris Krehmeyer on   3/20/2009 6:53 AM

Re: AIG, $170 Million: Beyond the Sound and Fury

DC misses you.

By Lou Tisler on   3/26/2009 12:24 PM

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