Now that YOU (yes I say “YOU” because you elected the fools who did this) have bailed out Wall Street and Main Street …
Perhaps a few questions may be asked now? I mean, everything was such an “Emergency” before … we were encouraged to just push the “I Believe Button” and not ask any questions but …
Now that the world is safe for Democracy again (if not Capitalism) …
I have a question.
What about all of the people who own these “sub-prime” mortgages that are going into default?
- We’ve been told that there is protection for “homeowners” in the bill. Does this mean that the people who bought homes they can’t pay for will have their interest rates lowered and / or their principles reduced? Word is they will. But … how much?
- If a sub-prime loser can’t pay for his $200,000 dollar house … can he get the price reduced to $100,000? Perhaps even less?
- If the answer is “yes” … holy moly … won’t this cause a “flood” of mortgage defaults?
- What about illegal aliens? We’ve been told they make up some number of these sub-prime defaulters. Are we bailing them out too?
- Since the mortgage companies who issued sub-prime loans to illegal aliens didn’t check their legal status when they issued the loans … will Uncle Sam do that now? Check their legal status?
- If the answer is “No” … why?
- If the answer is “Yes” … are we going to deport the illegal ones we find?
- If the picture is … what I think it is … and we are going to predictably resort to politically correct measures to preserve homeowners then … how can we expect to “make” money on this deal?
- How can we even break even on this deal?
- What is preventing us from losing our asses on this deal?
Folks … I’m retired military … let me put this into a SITREP …
$850 billion delivered on target. Mission is to preserve as much pie as possible for the American Taxpayer while stalling economic decline. Wall Street Executives on Top … ACORN on the bottom … both grabbing for a share of the pie. Managing the pie is Barney Frank, Chris Dodd, Nancy Pelosi, and Secretary “Lurch” Paulson.
Situation … EXTREMELY GRAVE!
Filed under: Uncategorized
