Seriously... in all the press coverage, have you seen one story in which they pointed the finger at a home borrower who was irresponsible?
Did any of them get their butts bailed out to the tune of 350 billion dollars. No, most of them will lose their homes. Yes, they were at fault for getting in over their heads. But the bankers also are at fault.
By the end of this loaning orgasm, all you had to do was say you were a
Carpenter, breadmaker or candlestick maker. You didn't need to show your tax filing, or any proof of job or pay. Now, please tell me that that isn't some pretty fucking irresponsible lending on the banks part.
But like it was posted, in an Oligarchy, the rich get bailed out. That's what happened this time. We won't see any of that money back like we did when they loaned it to Chrysler.
Reagan started the war on the middle class with his Trickle Down Theory. That was the most blatant attempt to say that the rich make the economy work and you little shits just need to collect their left over fecal dropping$$.
The middle class makes this economy work. When they are working and getting a decent wage, they spend and the economy grows.
When the rich piss on us with the tinkle down theory, we get exactly what we have today. There is no regulation on the bankers because we can trust them to do the right thing. Fucking Riiiiiiiiiiiiiiiiiiigt!
I can't understand how anyone making a middle income, can not be totally offended by Reagan's Trickle Down Theory.
I am not against capitalism or corporation. I am against a system to says the millions of people working everyday to make the coporations successful don't count.
Why has productivity continue to go up while wages go down?
