Interesting quotes, these.Originally Posted by megimoo
I think that Numbahs is right on this one.
I think that both sides have to own responsibility for this one.
It's kind of funny seeing the Dems blaming the Republicans when they could easily sign this bill into law, given their own majority.
There are three parties to blame here for this crisis:
The first. The one that sold mortgages in the full expectation that the mortgagee would default, so that the property could be repocessed. I can think of one well known UK loanshark, owned by a well known US company that just went belly-up, that fits this first description to a tee.
The second: The governments that stood by and did nothing, while the loansharks ran endless ads on daytime TV, unchecked, to reel more suckers in. A bit of regulation would have been good, but the tax revenue and the phony feel-good feeling was too good to resist. My government, and yours.
The third: The suckers, who fell for those ads. Easy credit, no problems. 'We "deserve" the good things in life.' Sure you do.. just pay up front, then you deserve them. Our suckers and yours.
The problem is, the collusion between these three is going to bring the rest of us down, too.
I hold no debt, but I have a job that needs credit to flow in order to make it work. I have investments that will take a pounding because of this ... even though I played by my own rules, not theirs.
I buy high end products from companies that will not, for much longer, be able to meet the costs of making them. That's what this is really about.
I think we're finally seeing what happens when untrammelled capitalistic greed and untrammelled left wing wish-fulfillment meet, head on.
Its hot here today, I want the Kool-Aid.
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