'Eminent Domain for the People' Leaves Wall Street Furious

[jtuck004]

40. Guess what? People have always had trouble leaving the plantation - this is nothing new.

But until they do, they will always be beholden to and kissing the ass of their Masters.

Btw, if you had paid more attention in 8th grade history to the lesson instead of sticking gum in the hair of the kid in front of you, you would be aware that this is the very same situation that FDR walked into.

That is why we have Fannie Mae and, later, Freddie Mac. Because the crooked bankers got greedy, and wouldn't loan, pretended they were the only source. So the government, (that's us, you and me and them, btw) stepped in and made life better for the people it is supposed to serve. Us, again.

(I digress, but this is, partly, why it is so pathetic and sad that the current administration wants to make a gift of these now profitable institutions, who are netting money back to the U.S. treasury, to the very crooked banks that lured them into their little Ponzi scheme and breached the trust of the American people.)

Now, back to the show...



You can read about how this so "necessary to lend to home borrowers private money else no one will" played its part in bringing us the current financial crisis, if you are so inclined, here

And, just in case you missed it, there are whole countries out there that just love to loan to Americans no matter how crooked or lopsided or screwy the deal. When Goldman, et al, exhausted the pool of American suckers in the ongoing criminal enterprise they began in the 2000's, they opened up the doors and borrowed money on nothing but air, again, from investors in several countries, before they tried to screw them too, and the government had to step in, again.

Those same people are just begging for investments today, including China, and please don't fool yourself that they are not.

Don't fall for the uninformed and uneducated opinion that crooked banks are the only source out there. If they can make you believe that, you become nothing more than their house boy, their lackey, a boot-licker to the stars.