Questions

Do you remember George Bush?  Do you remember his "ownership society"?  Do you remember his Fed Chairman Alan Greenspan telling all of us there was NO "housing bubble"?

Now, do you recall how folks who bought early actually sold their homes a couple of years later and made enough to have a real down payment?  Do you recall how they told their friends, neighbors, relatives?  Do you remember the "seminars", TV infomercials, courses, on how to own your first home, stop paying rent, build equity, etc? 

Now, can you see how folks who we now say should never have bought a house did?  Remember when it was actually CHEAPER to buy a home than pay rent?

With the "ownership society" being touted from the very highest office in the land, with the never ending increase in home values, with this seemingly foolproof method of dragging yourself out of near poverty into the middle class, can you understand why so many folks took the risk?  Heck, if it failed, they thought they would be no worse off than before.

Please remember, places like Rangers Ballpark in Arlington Texas, home of The Texas Rangers, once owned by George W. Bush, was PROUDLY called AMERIQUEST FIELD, and owner Angelo Mozillo was a HERO for "helping" poor folks own their own homes.

Does ANYONE remember that?

So, when the shit hit all the different various fans, why were the banks and brokerage houses "helped" (bailed out) and the VICTIMS of all these frauds demonized, left by the side of the road, thrown under the bus?  Why weren't the victims helped  --  directly?  Why weren't the banks and brokers forced to EAT that bad paper?

You, of course, know the answer  --  if you don't, just think about it  --  and that's all you have to know about the composition of our Government and how it works.