Why is it no one cared about folks losing their homes until the bastards on Wall Street folded?

[redstate_democrat]

All I heard for the past few months was that poor folks couldn't afford houses and it was all their fault and that they would just have to suck it up and lose their houses. But now since Wall Street is fucking folding, now the government wants to come in and write a trillion dollar check to save it. What about the folks who lost their homes? Where was the help to keep these people in their HOMES? If some kind of program was started earlier to help these people stay in their homes by re-working these crazy ass mortgages the government allowed and even encouraged these lenders to make, then perhaps a lot of this could have been avoided. I've read stories about banks just getting over on people like fat cats. They targeted people, lied to people, falsified records, and basically took advantage of a lack of regulation. Then they sold off these mortgages knowing that the rates would reset, unbeknownest to the real victims: the homeowners, and the hold fucking pyramid scheme would fall. Why aren't these folks in prison right now?

Then you had the short selling. A LOT of this problem is directly tied to the fraudulent short selling. It has panicked the market and spurred this sort of run on Wall Street. They should go to prison.

I don't feel good about the trillion dollar bail out. It's total bullshit because all of this could have been prevented. And I don't want poor folks blamed for this shit. These same people weren't complaining about poor people when shit was going great on Wall Street! They weren't complaining when they were getting ridiculous amounts of pay or when the stock in these companies were skyrocketing!

This is ridiculous!

[begin_within]

1. Only corporations and the wealthy "matter" any more.

[polichick]

3. They're the only ones who have ever mattered to Republicans since Reagan...

...too bad there are so many dumbfucks in America who don't get it.

[orwell]

2. I assume...

...that is a rhetorical question?

[zeemike]

4. What could a trillion dollars do?

It could stop every foreclosure in the US and probably give health insurance to every one.
But instead it is protecting the wealth of the wealthy.
Your tax dollars at work.

[Neshanic]

5. It was the big waiting game. The banks know that we will ultimately make the show up to cover them

This has not been a surprise on other boards. This was predicted a year ago.

[mtnsnake]

6. This will end up being a case where poor people bail out the Wall St fat cats. Wait and see.