Friday, December 28, 2007

The Basis of American Pessimism

Everywhere you go in America, you will surely find the "average" man/woman with something to complain about. Specifically, if the topic turns to our Government. Often you will find people on both sides of an issue with the same core disfunction.

The government we were taught about in school doesn't exist. We've been taught that our government is for the people, by the people. Yes, as we grow into our adult lives, we're faced with a realization that the government is essentially an unregulated organized crime group run by a smaller group of businesses and individuals that have power.

As such, you find many dropouts (don't vote cause it doesn't count), protesters (signs change the world) and the average man/woman (we go through the motions cause we have to).
Posted by Blog Friend at 1:31 PM

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?