"Mr. Paulson Builds His Dream House"

[Neshanic]

It was just a matter of time. They tried to run out the clock on the tidal wave of fiscal insanity about to crash on us, hoping that they could duct tape the economy and report all was well with shit numbers and a compliant MSM before the election. It looks like they lost, and by that we did too, because after our gang gets a hold of this monster and sends it up to the WH when inserting a pen in his prehensile tail so he can sign it, we will all be on the hook for a house or two that we do not own or even know where it is.

Dragging a dead corpse like Bear Stearns around on a Friday night can get pretty old, especially at the Bernanke money factory, so this time they want to just get this one over with now, so that the public can't make heads or tails of this until it's too late.

The Resolution Trust is now officially going to be named "Fannie The Mac Daddy of Grand Giveaways".

The New Yorker cover...God who cares. We are now officially in the final looting stage of the nation, as a compliant and spineless congress will happily add anything to make this thing work for them, and we now as of this date will read in the history books that it started on a Friday night. The end of our money, standards of living, and slide into third world status is now officially started.

[soothsayer]

1. It all leads back to the Fed. We've got to do away with them.

This is just a further consolidation of their power. We'll never be a sovereign nation unless we get rid of them (and overturn the national security act of 1939, too, which lets the gov't wage secret wars and take our tax money to do stuff that congress does not authorize or oversee or even know about). THEN maybe we'll be sovereign again. But don't kid yourself---this is nothing brand spanking new.

[Tutonic]

2. Good post!

[Double T]

3. The handwriting has been on the wall for the last 10 years.........

and VERY FEW cared enough to do anything about it; financial doomsday has arrived.

[ancient_nomad]

4. A Good Post....

Spot on! How sad we are watching our country and way of life die. A KnR for you!

:cry:

[Hannah Bell]

5. money is basically fictious. nothing has to "die," no mass bankruptcy has to ensue,

if there's the political will to do differently.

[Neshanic]

6. Will that be debit, credit of fictious? Try your fictious PIN number again.

[Hannah Bell]

7. it's also non-fictitious. what i'm sAying is, the economy need not collApse.

the resources Are still there, the workers, the productive Assets. they need not be shut down becAuse the money is messed up.

[HCE SuiGeneris]

8. Is your A key broken?

:shrug:

[girl gone mad]

9. I think it's secret code, part of project X.

A for Anarchy. Keep it all on the DL, don't want Agent Mike to hear.

[The Doctor.]

10. John McGinley syndrome. oem

[Liberal_in_LA]

11. heh heh.

[KharmaTrain]

12. The Real Shame...

I have a tremendous degree of compassion for those who got into this mess...no one wants to wish someone to lose their home or the hardships that come with bankruptcy. The real shame is the people who wrote the loans, did the bogus credit checks, fudged the numbers and did all they could to get that commission will skate free...suffering now in the mess they've made of their industry, but they will be back to play another day. Here's hoping those rules finally get changed.

Also a shame on ALL the Congresscritters and Senators who voted for the bankruptcy bill in '05 that all but begged for this shit to hit the fan. The short-term greed of raising interest rates was too luring that they lenders first forgot there were real people at the end of those statements and then that there was only so much people could handle or tolerate and now these greedy bastards are trying to stick us with paying for their games.

The shame also is that this regime is so in bed with the banking lobby that it is always caught "blindsided" by yet another collapse and if they don't bail another private corporation out, it'll collapse the entire housing market. AFAIC, let it collapse...this large debt isn't going away with Helicopter Ben or Paulsen's magic wand. All they're doing is protecting their investment banker buddies from themselves having to be held liable.

Unfortunately, this regime needs to keep this ponzi scheme going and will borrow and print money to try to paper this crap over...but it won't go away. Get ready for a wave of inflation we haven't seen in decades as the dollar collapses. The only saving grace is that we'll all go down together...my parents were depression kids and my mom would always cite how people were a lot more understanding and helpful in those days compared to the more selfish times she saw later.

[HCE SuiGeneris]

13. Love your OP, so...

:kick: :kick: :kick: