Agreed.
I get so tired of these “The financial problems are Obama’s fault” replies, I could choke.
I AIN’T defending Obama.
But he doesn’t have the power to cause or prevent the problems - he was basically a freakin bystander.
We have almost three decades of loose credit. We have a real estate market that was inflated beyond 95% of Americans ability to pay. There are people out there who’s tropical fish got credit card applications in the mail. Congress will buy off anyone - ANYONE - to get the votes to get reelected to get the votes to get reelected to get the votes to get yada yada same old over and over.
The banks are proving themselves to have more thieves working for them that ever walk in the door - some poor jerk can walk in a bank and steal a grand and spend the rest of his life in lockdown, but some dude with a suit and a tie can STEAL BILLIONS and never even go to court, much less get tasered and arrested.
It’s a mess. And it all came from selling notes. Hopes and wished and greedy dreams instead of due diligence.
Maybe - Just maybe - if we lose our butts in the whole thing, but the thing we find and get back is basic honesty and fairness and integrity, it will be worth it.
More pertinent are questions about lifeboat seats.
AMEN to what you said!!! You want this “crisis” to be over? Let the bad banks fail, the bad business fail, people go bankrupt who extended themselves. Painful? Yes, but needed or we ALL go under.
Not strictly true.
Back in his glory days as a "community organizer", he extorted loans from banks on behalf of people who had no way whatsoever of ever hoping to pay them back, thus helping set the stage for our current predicament.