Quote:
Originally Posted by SP01715
And who fought against regulation of the mortgage industry? What party backed the bailout from the first vote? Bush has his faults for sure, but the Dems have done more to cause this economic crisis.
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You can sit there and throw the blame any direction you wish. They are all politicians and none of them have our best interests in mind. The latest news from Hank Paulson is astonishing. The 700 Billion bail-out strategy which was so desperately needed in 72 hours or the sky would fall, has now been abandoned. Initially the funds where to buy back bad loans and foster new lending but the mortgage companies decided that they'd use the funds for acquisitions which would look better on their balance sheets. So why aren't mortgage companies modifying their mortgage loan terms to get the ball rolling? Why should they. If they did, they wouldn't be able to feed from the trough and it now it looks like the auto industry is going to wiggle it's way through the crowd to feed from the same trough. Its despicable and we are all getting the F**KING of our lives.
Funny how we all despise those slackers who don't work for a living and take handouts whenever they can at the expense of the working man. Well, now they're wearing suits and ties and calling themselves concerned industry leaders, congressmen, and senators. Congress worked 93 days last season folks. 93 FREAKIN DAYS!!! They're conservative republicans and they're liberal democrats and they are ALL politicians. There are 544 of them in addition to our president and they should all be burned at the stake. I didn't vote republican or democrat. I voted all the incumbents out of office.