Thread: Bailout Crisis - Result of Social Engineering

Posted by Turtle on September 24, 2008

by Turtle

Our government is doing it again! They are bailing out corporations that have been irresponsible and greedy. From Freddie Mac and Fannie Mae, to American International Group (AIG), IndyMac, and several others, the impropriety of bad lending practices has resulted in pending disaster for all of America.

Now our “governmentâ€

Our government is too inept to fix this. Throwing money at bad investment companies is an outrage. The Board members of these companies should go to jail, have all their assests seized to pay the bad loans and any member of Congress serving on the banking oversite committees should be fired and forced to come to Texas to compete with illegal immigrants for low skilled jobs and healthcare.
This did not happen overnight. The wolves were guarding the henhouse, just like the employers are trusted to hire legal workers.
Anyone who profitted from the subprime loans should be held accountable. Especially our government leaders who continue to betray American taxpayers.

[quote]This situation relates back to 2 very specific presidential administrations - Carter and Clinton. Carter’s Community Reinvestment Act of 1977 got the ball rolling with its provisions requiring banks to “meet the credit needs of the entire community.â€

Originally Posted by Texan123

Our government is too inept to fix this. Throwing money at bad investment companies is an outrage. The Board members of these companies should go to jail, have all their assests seized to pay the bad loans and any member of Congress serving on the banking oversite committees should be fired and forced to come to Texas to compete with illegal immigrants for low skilled jobs and healthcare.
This did not happen overnight. The wolves were guarding the henhouse, just like the employers are trusted to hire legal workers.
Anyone who profitted from the subprime loans should be held accountable. Especially our government leaders who continue to betray American taxpayers.

Our government is who set this up for decades. Now they think they can fix it. Chris Dodd takes money and mortgages from Fannie and Freddie. Both sides of the table are crooks.