And that's what this sub-prime scheme will do to the average American, screw them up front and screw them on the backside during the collapse of the junk mortgage industry.
While the looting, pillaging and plundering was good for Wall Street, the Federal Reserve and the SEC knew what in the hell was going on, but didn't interfere, saying that it was best for the market to work these things out and besides, government interference wasn't needed in a capitalist society.
Now that the sub-prime BS is going to hell and taking the market--both here and abroad--down the toilet, now it's suddenly time for the federal government to get involved and help.
They'll help alright. Help their buddies get away scot free with their loot and dump the entire bill on the taxpayers.
Unfortunately, most of the world's markets were scammed by this con and most of the world will also pay for our penchant for "creative-financing schemes."
And that's what this sub-prime scheme will do to the average American, screw them up front and screw them on the backside during the collapse of the junk mortgage industry.
While the looting, pillaging and plundering was good for Wall Street, the Federal Reserve and the SEC knew what in the hell was going on, but didn't interfere, saying that it was best for the market to work these things out and besides, government interference wasn't needed in a capitalist society.
Now that the sub-prime BS is going to hell and taking the market--both here and abroad--down the toilet, now it's suddenly time for the federal government to get involved and help.
They'll help alright. Help their buddies get away scot free with their loot and dump the entire bill on the taxpayers.
Unfortunately, most of the world's markets were scammed by this con and most of the world will also pay for our penchant for "creative-financing schemes."
thanks for sharing!
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"Money" has no value - people do.