The FED'S don't want the heat, BLAME it on the BANKS

AGAIN WE GET WASHINGTON SPIN, LIAR! LIAR! SECOND TIME WE WENT FOR IT!!

The state sponsored media passed on the spin again from Washington and it looked so convincing!! Angry mobs outside of Wall street banks, mad as heck that bank employees are all getting an average of $500,000.00 in pay and bonuses, and how dare them , taking our tax money , while we need jobs , our houses are taken away , oh how horrible !!Listen I am not going to tell you that the bankers are wonderful.   My brother in law always said that all bankers are crooks, and probably some are, I am sure the system is not perfect but this frenzy to beat up the bankers for the real estate bubble and they are all greedy and they ripped us all off is totally not the truth,  it’s far from it.

The Truth is The Federal Reserve with our buddy Greenspan, a large hand ful of Progressive Democrats and a few Republicans thought they would equalize the position of the poor with those of the middle class and give everyone a chance to own a home. So they created a very,very,very ,very loose structure of loan instruments that even a homeless Poodle or a stray cat could qualify for , and they   knowingly knew that the person getting this mortgage would eventually default on, and they joined the forces of Fanny Mae, and Freddie Mac and the executives of both (among the thieves who took the real unwarranted bonuses!)  They kept approving all these mortgages and they had to be sold.

Now in comes the bankers!!  It would be like Fanny and Freddie on a large fishing boat feeding all the hungry sharks, yes the bankers could be considered sharks, but they were told or given the job to take the loan instruments and bundle them into funds  (hedge) and sell them to investors to buy .

These sharks unfortunately didn’t know they were being fed tainted human lives that would bleed from the Washington scheme.  Greenspan left quietly , Freddie and Fanny got bailed out , un noticed and the bankers (some got bailed out and had targets painted on their back) and all the others got closed down out of business.

Ask why the federal reserve didn’t have the banks,( THAT  WROTE THOSE NASTY AJUSTABLE ,TIMEBOMB MORTGAGES , WHICH ARE ALL CAUSING UNSUSTAINABLE HIGHER MONTHLY PAYMENTS ) just refinance EVERYONE OF THOSE for a longer period at a fixed rate to keep the payments the same , instead of spending any money at all to bail them out !! WHY DID THE FEDERAL GOVERNMENT LET ONE HOME GET FORECLOSED?, WHEN IT WAS THE FEDERAL GOVERNMENT POLITICIANS THAT CAUSED THE ENTIRE MESS.

The bottom line is now the bankers have many EMPLOYEES who have commission type jobs that have, after the bubble burst, worked selling stocks and other products and they just did a ton of business.  They are not stealing our money, and Uncle Sam will take 40% of it back in taxes, so if you are angry, go after the senate when you vote in November!!   WE AREN’T UPSET WITH THE INCOME OF BASEBALL PLAYERS, MOVIE STARS, LATE NITE HOSTS, NO BECAUSE THERE IS NO SPIN FROM WASHINGTON MAKING YOU MAD SO THEY(THE ELECTED ONES) CAN COME IN AND SHOW THEY CARE, THAT THEY ARE VIABLE, THAT THEY CAN GET YOU TO RE ELECT THEM.

THE FEDERAL GOVERNMENT IS A HUGE CORPORATION , WHICH WE THE AMERICAN TAX PAYERS OWN, AND THEY DO NOT KNOW WHAT THEY ARE DOING, AND WE ARE HEADED FOR BANKRUPTCY, AND WE , THE SHARE HOLDERS SHOULD DEMAND AN INDEPENDENT AUDIT TO FIND OUT THE TRUTH OF WHAT KIND OF A MESS WE ARE IN!