I guess giving all those home loans to illegals, and repackaging them for other ‘investors’ to buy, wasn’t such a good idea afterall.
“I guess giving all those home loans to illegals, and repackaging them for other ‘investors’ to buy, wasn’t such a good idea afterall.”
It was a great idea! AIG, Lehman, none of their CEO’s are going to be hurt. All our politicians who have $$$ invested will now be saved. The only ones hurt are you and I and we are expendable. Have you noticed?
And just think, these “genius investment managers” are the fine folks we were going to turn over our Social Security to!!! I guess this is the only thing I can think of in 60 yrs. of living that the Dems were correct about.
All kidding aside, I am sick of people saying “but they are too big to fail”. This is the same old mantra that they said about Bear Stearns, the Fannie & Freddie and now AIG. Who is it going to be next time? Too big to fail is getting old, they gotta get another excuse to help out their buddys.
This whole damn mess is like gangrene that the doctor does not cut off enough of the poisioned leg and has to keep going back week after week to cut a little bit more off. Enough, cut the whole leg off and save the patient.
You must be British because I see you certainly have mastered the art of understatement!!!