The politicians want us to bail the banks out. And the bailout will of necessity include the funds expended buying politicians.
Not to mention their whores, junkets, computers, third homes, and profligate expenses
as they IGNORE their constituencies (again).
Too late. We already have. FTA:
Meritage, which gave Torres loans for $489,000 and $584,000 in 2003 and 2004, has no employees and is being liquidated by the Federal Deposit Insurance Corporation (FDIC), a spokesman said. The subprime lender collapsed after its parent company, NetBank of Alpharetta, Ga., was closed by the Office of Thrift Supervision on Sept. 28, 2007, said FDIC spokesman Andrew Gray.
Several of Ms. Torres' mortgages were funded by NetBank, which failed last year and was liquidated by the Federal Deposit Insurance Corporation, a U.S. Government agency.