I am in no way condoning Terry Hoskins bulldozing his home ahead of an impending foreclosure. I do not know enough to make any comment on his situation. Nevertheless, I can relate to his action because of a personal experience.
Hoskins had fallen on hard times. His own brother and a former business partner had sued him, and the IRS had placed liens on his carpet store and commercial property. He's unable to make mortgage payments on his $350,000 home in Moscow, Ohio. He still owes $160,000 to his bank. The bank gave him an ultimatum that they were going to foreclose on his home.
Hoskins said he had received an offer of $170,000 from someone and communicated that to his bank. The bank refused, stating that they could get more by selling it in foreclosure.
Of course, the law was clearly on the side of the bank. But isn’t that how it is supposed to be? The king has all the gold, so the king’s rules are the golden rules!
In this country we have steadily seen how the people have slowly lost their civil rights to the corporate interest. Recently, in a 5-4 Supreme Court verdict the corporation’s right of speech was sanctioned. Now go and fight with an organization that rules the airwaves with unbounded capital and find out what chance you have to get your free speech across when it involves a corporate giant. Corporations have all the rights of living beings while being immortal.
When the bank refused to take Hoskins' personal offer, that was just the straw that broke the camel’s back. Hoskins took the matter in his own hands.