I still keep feeling this bile in my belly that this same federal government that created the GSE-s that generated all this "crippled" paper is now exacting a price to re-guarantee this "crippled" paper when they had previous allowed they implied guarantee on this same "crippled" paper to lapse.
Yes Virginia, there is greed on Wall Street, but, last I checked, it’s still a crime to commit fraud on both the rich and/or the poor.
When the government sets up a "snake oil" enterprise, all the people, both the rich and the poor, who are represented by this government, are responsible for the actions of their respective "snake oil" representatives in making good on their claims, so don’t think of this as a bailout, but rather restitution.
I realize that restitution requires assumption of responsibility, and responsibility seems to be the most difficult concept for any public official (and the public, rich or poor) to assume. |
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Written By:
Neo
URL:
http://
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And, yes, politicians have a way of creating temporal shunted history that always seems to stop just short of the point where they screwed things up, causing us to have a problem to deal with now. |
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Written By:
Neo
URL:
http://
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Hey, it’s just like the Democrats social security trustbox. You know, the one where someone borrowed all the money we put into it, but left nice little IOUs that said "don’t worry... we took it for a good cause (earmarks for our fat-cat friends). Don’t fret because the taxpayers will pay it back."
I love these "screw you twice" deals. In the spirit of social security, now we’re using taxpayer funds to bail out the Democratic fat-cats who ran Fannie, Freddie, Countrywide, etc., and in the event they don’t pay everything back, gosh, we’ll screw the taxpayers again by putting a tax on these firms (which they’ll mark up the cost of business and pass onto us again).
Somebody please get these crooks out of office. My ass is hurting from this Congress. |
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Written By:
redherkey
URL:
http://
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You know you wanted a "Sleep-in" with Nance and Harry under the covers surrounded by the press. |
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Written By:
jpm100
URL:
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Somebody please get these crooks out of office. No chance of that happening, people deserve who they vote in |
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Written By:
capt joe
URL:
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