So how long has this mortgage crisis been going on? A year? And what has been done to help the people in trouble? Not a damn thing. Oh there's been a lot of talk and rhetoric. But no real action.The big debate is over whether we should bail out people who got themselves in trouble in the first place. But, of course, I forgot. That only applies to people like you and me.
An investment banker like Bear Stearns gets in trouble and the government suddenly turns into Superman, working at lightning speed, to bail out this firm, that certainly had its' hand in the creation of the entire mortgage crisis.
Every news report I've seen on the mortgage crisis says it's too late for those who are already in trouble. Help will not come in time. Superman will arrive after the school bus loaded with kids falls off the cliff. These people will lose their homes.
But not Bear Stearns. Like Lois Lane, they fell off the roof of a tall building, and Superman heard their screams all the way from Mars, and rushed back to grab them before they mussed their hair.
1 comments:
Well, they wouldn't want the rich people to stop being quite so rich now, would they?
Plus, where would they get their campaign contributions if everybody's in the poor house? No, it's much better to send the little guys to the poor house - or at least, where the poor house used to be until the bank foreclosed because it was purchased on a sub-prime mortgage.
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