Just think, adjustable rate mortgages were the bait and the fish, being as needy as the fisherman was greedy the financial world caught a big one...it's a great financial success and money maker for the folks in the mortgage industry and is only the businesses that went bust but a lot of people made a lot of money in the process.
It can be that way, when "you"(meaning a member of the corporate hierarchy) hold all the strings of the "Public Puppet".
The whole affair was a criminal act...a set-up if you will, these "money men" said, "Oh we didn't know this was gonna happen"!
I can tell ya up front ...That's bullshit.
We had a convergence of "Money Men, Oil Men and the Big Business Lobby".
Together they are continuing to "fleece America", sheep are for the fleecing ya know.
Private financial Institutions are big business with civil rights that, through the "intentional" stripping away of the of regulation and regulators, acted uncivilly because they were given Card Blanche to work "the plan"!
Imagine the biggest baddest kid on the block was given the right to do whatever he wanted to do and go about it in his way!
There is an inseparable relationship between Government institutions and Financial ones in a Capitalistic Democracy but in this case, neither had the interest of "We The People" in mind!
For God's sake they bailed themselves out!!! By sending us the bill!
Henry Paulson is urgently...quick quick.. asking for the 700 billion bail out!
Yes he is the treasury secretary, he was an investment banker and partner at Goldan Sachs before accepting the governmental position in 2006..how ironic!
These guys knew exactly what they were doing and still do and they will continue to do it till something stops them.
McCain is the straight talker, "yea straight up ur's"!
Just look don't take my word for it!
The Truth will eventually stop this BS but I wonder how much longer the American people will continue to swallow what "these Clowns" are offering up...for themselves, your hard work AKA...YOUR CASH!
Lalepop'
Well I tink we have been fooled an untold number of times and it should be breaking through the average noggin at any moment now! Glad to have u stop and comment.
good post pop
ice
ron
Unfortunately trying to blow up power with power doesn't work but blowing it up with the facts to hold their feet to the fire, to hopefully see, at the very least, the lesser of the two evils....there is a lot at stake Ice man and believe me if there were any buttons to push they were replaced by levers to pull and that's all we got...for real!....Hope things are well with ya and thanks for the stop by!...
The proverbial chickens have come home to roost. Marx must be laughing his ass off. He was one of the first who understood that capitalism without government regulation and oversight is cancerous and will, in the end, eat itself and all of us. We have seen these pigs before and they are always Republicans. Do you think there is a pattern? Republicans should never have majority power in Congress for at least 40 years. Welcome to Socialism, America. It's here and you might as well get comforable with it.
Well, the bail out is going down and It's a dark hour indeed. The bail out is an affirmation that there is no need to outsmart the law when u can out smart the populous. Thank heaven for the Internet and the willingness on the part of many to climb the learning curve and see it for what it is. Have good night!...
Nothin' like bein' in a boat where one guy is trying to bale the ocean out of the boat and some other guy has the bright idea to bale the ocean into the boat.....Of course he doesn't know what he is doing, for real, but still strikes me as an evil clown routine. Keep layin down the facts dude in the way u do!
Pop'
Instead of bailing out the company, why don't they bail out the ones who are hurt by their actions - the homeowners losing their homes. No, not the ones with 6 houses in various countries ranging around the million dollar mark. The real American people who are footing the bill.
That's the 700 billion dollar question isn't it! How unfortunate it is that big business views the world the way that P.T.Barnum of circus fame and his "Greatest show on Earth" did when he said, "There's a sucker born every minute"! Whell Lets hope the American people are beginning to see that they are being "Played for a sucker" and that this BS is getting old...very expensive! Thank-you for ur comment and expressing what many are thinking!...regards Pop'