I should know better, but I find myself amazed at the speed of change. Was the Berlin Wall so long ago? Where did the menace bent on the destruction of freedom go? Was the Bogyman buried under the crumbling brinks of the Wall? Was it a mass hallucination? Or did he sneak out the back while everyone was distracted by the righteous joy of destroying the symbol of all that was feared? The Bogyman is out there, waiting, watching and learning. You won’t recognize him. The Wolf has a new suit, new slogans and a taste for revenge. A physical wall is not hiding his deeds this time. He’s masked behind layers of puppets unwittingly manipulated. You fools have no idea what they’re being used in your own destruction.
I may be looking at this from the wrong perspective. It may be a necessary evil and in sick way, the evil is good. Evolution marching on. A culling of the heard. Manifest destiny. A equal and opposite reaction. Has a taint fallen upon the soul of humanity that can only be cleansed by sacrifice? Is this simply the result of democracy in a society that is apathetic to the point of stupidity? Is the Bogeyman correct in his desire to strip the masses of the freedom to choose?
Washington is currently debating a bank bailout that will cost the taxpayers $700 billion. In simple terms, the bailout in current form is a mistake. The risk of lending money has evaporated. That risk is necessary for a healthy economy and fair lending. Risk is the only thing that will keep the greedy bastards from fleecing America. An era must end if we are to survive. The banks should only be able to lend as much money has they control. Not assets, but money. Money you loaned out is not an asset you should be able to claim towards your current cash balance. Their creative accounting is only part of the problem. No more reducing their risks by pawning off these loans by bundling them into bonds and unleashing on the markets as AAA investments. Without the risk, they gave out loans for greater amounts than individuals can afford and apply a variable interest rate. Tack on the inevitable penalties, fees, increased property taxes due to the bullshit housing boom and you have a cost too many can not afford. The banks didn’t care. The new bankruptcy law protected their “investment” by making it nearly impossible for individuals to escape the trap. You can thank Biden in large part for that. That credit industry sock puppet should have his genitals removed with a dull spoon while he’s forced to watch the remains of his dead wife fed to carnivorous beetles. Many more should share a similar experience. The former CEO of Countywide Financial should be public enemy, top 10 most wanted. He drove that company into the ground by handing out bad loans, misrepresented assets to inflate the stock price and when it all came tumbling down, he collected a massive severance package while the investors lost everything. That is fraud on such a massive scale that it should be a capital offense so egregious that Constitutional protections against cruel and unusual punishment should be suspended. He should be water-boarded while vultures fest on his flesh.
But what organization will bring these criminals to justice? Not the FBI. That farce of an agency is far too busy assisting the ATF harass and violate the rights of fringe groups. Years of investigation, unlawful raids and assassinations result in few weapon violations that countless others are guilty of. These groups negatively impact at most a few hundred. These criminals on Wall Street have destroyed the lives of hundreds of thousands. It’s the fucking lawyers I tell you. The weirdos and extremists don’t have the OJ Simpson Defense Team.
There’s much blame to be had, but don’t fool yourself into blaming these homeowners that defaulted on their loans. They should have known better than borrowing more than they could afford with a variable interest rate, but you can’t fault a mouse for stepping into the trap. The cheese was dangling in front of their nose. They wanted the American Dream. All they had to do was sign the paper and they had the three bedroom house with a picket fence. Splat! The mouse dies and is off the Purgatory until all debts are paid. McDonalds is also somehow to blame for part of this mess, but for the life of me I can’t explain a logical chain of events as to why. Just take my word for it. The McRib is a key facilitator.
If Washington wants to throw money at the problem, the only bailout option that should be considered is offering to buy the remaining principle on default loans. No interest profit. They should reap no reward for handing out bad loans. Take it or leave it you filthy swine. Even with that option, they’d probably still go under, as they should. At least the loans would be under new management and the homeowners should be given the option of resuming their payments under reasonable loan terms. Keep the people in their homes. Let them make affordable payments. Such a thing won’t happen however. This was never about doing what is right for America. These banks own the career politicians “debating” the bailout. The state of American politics is drastically unfortunate for the average American. Here we are stuck between two contradicting truths. You cannot afford to own a Senator and you damn sure can’t afford to not to.
Lastly, blame yourself. You keep reelecting these career politicians. You fools get what you deserve and you’re dragging me down with you.
Just a couple months ago I nearly sank $8000 into funds heavily invested in some of the banks now failing. The prices looked favorable at the time due to a market slump and I was expecting that over the next ten years that investment would yield a 8-15% return. I was nearly snagged by the trap. Those bastards know how to make an investment look favorable to the casual investor. Even my research didn’t raise any flags. I actually stopped due to minor details. In this case fortune favors the hesitant.
The Roll Call of Shame:
Wall Street banks
Career politicians
Biden (he deserves special mention due to his affiliation with the credit industry)
DOJ, FBI, SEC, ATF, FDIC, FED, Treasury
McDonalds
You