Why is the government attempting to put up 700 billion dollars to buy, repeat BUY, bad mortgages? Who in their right mind buys bad investments? The government doesn’t need a tax deduction! Why is the government sticking the American citizen with this bad investment? Putting up money to relieve wall street criminals from going bankrupt is insane. Putting up money to get people who made bad purchases without a lawyer to protect them; without educating themselves on the housing market and knowing that they are buying a house that they cannot pay for with their present income level is pure stupidity. Who set them up for failure? I say that the democratic party from Jimmy Carter to Bill Clinton and everyone in between in the House and Senate. But one person stands out today as the poster boy of liars and connivers. That person is Barney Frank. The Majority head of the banking commission.
In 2005 Frank stated that he wasn’t worried about Freddie Mac and Fannie Mae because they were “fundamentally” sound and could withstand disaster scenarios. But even if they couldn’t withstand a crisis, the Government Will Not “Bail them out“. And here he is today demanding that the republicans go along with the democrats in the bail out. You know of course that the democrats are able to pass this farce and the president would sign it. They don’t want to do that because the democrats would be in the limelight. They made this situation that wall street criminals could prey on people who do not know better. They wanted to appear as the saviors of low income people and families who made it possible to buy a house even if they couldn’t afford it. These people should really be angry, be mad and get even with the people who did this to them.
DO NOT GIVE WALL STREET CRIMINALS TAXPAYER MONEY! Loan it to them at a very high interest rate. Hit them with the same predatory practices for charging late fees, over limit fees, fees for paying them over the phone, fees for breathing. Treat them as if they were Joe Doaks, American sucker. And Definitely No Compensation Packages At All. No get out of JAIL FREE card either. Just go to jail.
Your Servant
John Law
Tags: bail out, liars, wall street
