24 Sep
Posted by John as AIG, Barack Obama, Chris Dodd, Cutting Prices, Economics, Fannie Mae, Freddie Mac, General News, George W. Bush, Happiness, Is it OK to get Rich?, Joe Biden, John McCain, Lehman Brothers, Politics, Presidential Election, Sarah Palin, State of Affairs, USA
Humpty Dumpty sat on a wall.
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men
Couldn’t put Humpty together again.
The more and more I look into this house of cards that Wall Street, Fannie Mae, Freddie Mac and the US Government had built, it becomes more and more crystal clear that this is biggest screwing the American Taxpayer has ever taken.
This house of cards was built on top of the sand, not on top of the rocks. It was banks forced to loan money to people who were not capable of paying it back to advance the American Dream of owning a house.
Instead of a chicken in every pot, it was a house for every American, whether you could pay for it or not.
It was the advancement of socialist ideas that caused this fall. It was not smart business.
The headlines and sound bites will blame it on CEO with big pay with companies going belly up. Golden parachutes and the whole nine yards.
Don’t be fooled by all this, this is nothing but over regulation by the government, forced by Democratic policies.
There are many successful public companies and the pay the CEO gets is well earned.
But when you look at the companies involved…
Fannie Mae (Mortgage) (Bailout)
Freddie Mac (Mortgage) (Bailout)
Lehman Brothers (Investment Bank) (Bankrupt)
AIG (Insurance Company) (Bailout)
The government is looking for more money to prop several of these companies up. But why should we trust them to get it right this time?
It makes no sense what so ever.
What are thoughts about this situation?
Here’s to Your LifetoSuccess,
John Clark
John, Your on the mark, man. Here's a Coffee to keep you posting!
RSS feed for comments on this post · TrackBack URI
Leave a reply