Friday, September 19, 2008

Making things clear for all to see....

So the mortgage market haemorrhages for a couple of years, tons of people are foreclosed on, and personal bankruptcys balloon (even after Congress passes a new law protecting not those seeking bankruptcy but rather the creditors). No panic.

But one week of Wall Street dropping 400 points on the DJIA a couple of days, and all of a sudden Washington sits up and takes notice.

And then they bail out Wall Street by buying -- with taxpayer money -- junk off of the Wall Street banks, and putting the taxpayers on the hook for these junk debts. Wall Street is just giddy, of course.

The moneyed class must be protected. The rest of A'mur'kah can go f**k themselves....

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