Saturday, April 14, 2007

Alright 2 More

This first is just some quick bad news.

The second speaks volumes about a fraud. At first read it seems like the scam was taking advantage of some poof dumbfuck savages for every buck they had. Really it was a massive fraud against the American people. One that's so subtle, few people are going to put 2 & 2 together. The mortgage houses all gave out free money like candy and then immediately pooled all those bad loans into mortgage backed securities, slapped them with a Ginnie Mae guarantee that the government will make good on bad mortgages and sold them to everyone who needed to park the money they pulled out of the stock market before the last bear woke up. It's not just some poor wetbacks that are getting scammed for everything they have, it's any poor dumbfuck who pays taxes too.

In the end letting the Fed run the central bank for the benefit of bankers hasn't done you or me any favors. The upside to all this is that the money we're going to use to pay back the good faith and credit of these loans with is going to come back to us cheaply. I love that last linky. The Boston Globe is telling us that Stagflation is coming so we should save our cash. If Stagflation is coming we're far better off maxing out our credit cards now and buying gold or forclosure homes or maybe even go portfolio heavy into canned goods and shotguns.

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3 Comments:

Blogger Adorable said...

AG is not maxing the credit card. No way!

Apr 13, 2007, 6:48:00 PM  
Blogger RicketyFunk said...

It would seem to make sense to buy one shotgun, one shell, one high quality pen and some nice stationary.

Not that I'm a Negative Nancy, but it seems like Jim Morrison was right. Although, Trent Reznor offered a solution too, the way out is through.

Now where's that damn door.

Apr 17, 2007, 1:11:00 PM  
Blogger Dean ASC said...

Vegas Vacation... "Maybe you could buy a bullet and rent a gun."

Apr 17, 2007, 3:34:00 PM  

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