CHANGE WE DO NOT BELIEVE IN

03/25/2009


CHANGE WE DO NOT BELIEVE IN


Let us understand this first, the housing mess, the bad assets, whatever you call it, these houses were build with money that never existed, loaned to people who could not pay it back , by the people (banks, financial institutions, hedge funds, insurance companies) who did not have it in the first place!

So what is our government up to now? We know that the crisis in the economy today was brought on by the bankers. Millions today are homeless, jobless, broke, in part due to their own stupidity and greed, and in part due to the greed and the scams of the bankers.

But as millions lose their homes and their futures the government is bent on giving money and guarantees to the bankers who brought us here.

It is Wall street stealing money form people all over again, what has changed here from the government changing hands from the Republicans to the Democrat majorities in both house and the Senate and a Democrat in the White house. We are still handing over the keys to the kingdom to the same batch of thieves.

I have explained elsewhere that when the government spends borrowed money, the money ultimately ends up with the richest, ( who again with lower taxes get to keep the most of it )now the government is willing to borrow the money and hand it over directly to the rich without any benefit to the working and the working poor.

Another fact is that the when government borrows money, it is paying more in interest than the FED charges its "member banks", thus the bank can make money it does not have just on the spread,

That is the banking, housing, rescue plan of Obama and Geithenr and Bernanke and company now, to write IOUs on behalf of the American public, and hand over the cash to the bankers directly to buy the so called "bad assets".

















LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE