Plunder Asunder by Dunderhead Nigh

Let’s see if I have this right.

Investment banks, different from regular banks, are largely unregulated, with oversight being eliminated by Phil Gramm in a Republican dollar grab. This led to the freefall, the bulk purchasing of sketchy mortgages for the quick dollar. The American people were told that home ownership was a G-D given right, and with this interest only loan, they could just sit back and watch the real estate value accrue, possibly flipping in a year or two and using the profits for a hefty down payment on another mortgage. The American Dream. Now deferred indefinitely.

According to many, the records are not public purview, and not even subject to Congressional oversight. Allegedly, many of these mortgages were repeatedly set up on paper at several companies to exaggerate their bottom line.

Now, the cat’s out of the bag. The chickens have really come home to roost, and the good ole taxpayer is to bail out these millionaires in a trillion—or is it two—sweetheart deal.

Let ‘em fail, or readjust as regular banks, so they can steal profits again out of reselling the very mortgages they frauded out the first time. If stocks tumble, so be it. Does anyone not know that the stock market is a gamble? Gambling always has a price to pay.
Let the freefall continue. Cancel the taxpayer funded bailout to the Greed Mongers.

Let the chips fall and then let’s reexamine the American way of life, where ten percent of the world’s population squanders 40% of the planet’s resources. We are becoming the obese cretins of Wall-E and it’s time to rethink all of it. In November, we’ll have a new mindset to lead the country. Someone with fresh ideas. Could he possibly, in any way, do worse than the Old Guard and their ilk? I think not: it’s a risk I am happy, elated, and overjoyed to take.


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