Mortgage Bail Out and the FED
Gentle Readers,
Once again, the system seems to be listing to the starboard side and both Mr. Bush and Mr. Bernanke were forced to assure the natives that the bilge pumps are working perfectly. So please get out the lifeboats, they are reserved for Wall Street executives. The FED promised today to take action to keep the country borrowing and Mr. Bush will bail-out the home owners and life will be just grand…well maybe not.
Mr. Bush announced that he would take some minor steps to bail out the nearly 2 MILLION homeowners that are in trouble, but the Democrat controlled congress says more must be done due to two million votes being a lot er…I mean two million citizens mean a lot. And here we are, pawns in the game of politics, one more time.
Even the stupid and insane vote, so ya gotta help ‘em out, or the opposing party will promise to help ‘em out and that doesn’t bode well for reelection. After all, the government had no idea that all of these unscrupulous lenders had apparently sneaked in with the 12 million illegal’s that they didn’t know about, who were even worse than the credit card people who they didn’t know about, who are nearly as bad as the state lottery that they didn’t understand was robbing the poor to give to the government. What we have here is a lack of communication.
Let’s work together and try to work the math out on these problems. The American public is up to their eyeballs in debt. Defaults are setting new altitude records, consumer spending is predicted to decrease, and the answer is? Lower the key FED rate, increase liquidity (spelled I N F L A T I O N), bail out the homeowners and encourage more debt. This is often referred to as the Band-Aid on a bullet wound solution. The taxpayer…I mean, patient will still die just not as soon. Perfect.

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Bill598155630','435188477billy@msn.com','','188.133.61.76','2008-06-13 21:44:24','2008-06-13 21:44:24','','0','lynx','comment','0','0'),('0', '', '', '', '', '2008-06-14 21:44:24', '2008-06-14 21:44:24', '', 'spam', '', 'comment', '0','0' ) /* on June 13th, 2008 at 6:54 am
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