It's those same glasses the rest of the country has been wearing for the last few years as they bought houses they can't afford, sold by RE agents who encouraged them to make 'Liar Loans', brokers who also encouraged the RE agents, and mortgage companies who bought the mortgages assuming the loans were honest. Or maybe they didn't care, as they sold the mortgages to other companies. Maybe. I'm no economist but it is frustrating that we are going to pay for this and have a 10 trillion dollar national debt--plus all the promises of adding another trillion on with giveaway programs the candidates are promising. Who is going to pay? Not just rich people. It's going to be everyone--and they are going to be shocked. S--t, in this case, rolled uphill instead of down and here we are, bailing them out on our dime!
Monday, September 22, 2008
Rotting Away
It's those same glasses the rest of the country has been wearing for the last few years as they bought houses they can't afford, sold by RE agents who encouraged them to make 'Liar Loans', brokers who also encouraged the RE agents, and mortgage companies who bought the mortgages assuming the loans were honest. Or maybe they didn't care, as they sold the mortgages to other companies. Maybe. I'm no economist but it is frustrating that we are going to pay for this and have a 10 trillion dollar national debt--plus all the promises of adding another trillion on with giveaway programs the candidates are promising. Who is going to pay? Not just rich people. It's going to be everyone--and they are going to be shocked. S--t, in this case, rolled uphill instead of down and here we are, bailing them out on our dime!
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2 comments:
howdy... I was listening to public radio all day and there is a big ole uproar about the government bail-outs... It's probably not gonna get through congress as it's written now. But we'll see...
Anyway, sorry to hear about the house issues. I don't even want to think about some of the issues I've got right now... but it looks lie I'm gonna have to.
I really like the little cactus garden.
Yes...I keep wondering why they gave out those economy stimulating checks to everyone, when they could have used the money to help pay for some of the war, or ANYTHING! Weird. We are screwed. Things are about to get worse...we better all move our money to very safe situations (and out of the stock market)!
Love your turtle garden...so artistically arranged!
Beautiful hibiscus too!!!
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