Remember in the news when all your government representatives had their panties in a wad about how they were scrambling to get a “bailout bill” prepared and passed? Well of all things most important to our country, they somehow managed to find time to slip section 503 into the Emergency Economic Stabilization Act of 2008:
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Unless you’ve lived under a rock over the last year, you’ve heard our economy is in a heap of trouble mainly due to mortgages our country’s homebuyers can’t pay for. And if you actually have lived under a rock, I salute you for not being part of the problem.
So who’s to blame? Oh, there’s plenty to go around alright. Jimmy Carter? Ronald Reagan? Bill Clinton? George Bush? Franklin Raines? Jamie Gorelick? Chris Dodd? Barney Frank? Phil Graham? The plethora of banks? Wall street? Predatory lendors?
Let me share a reader’s comment I found online while reading Bankruptcy, not Bailout, is the Right Answer that I believe encompasses the mindset of many American citizens:
