How did we get in this mess? I know how!

Discussion in 'Economics' started by Aaron Copland, Mar 20, 2008.

  1. Let’s rewind back to late 2005. The Dow had gone no were for the past 18 months a critical election was approaching. The Republicans were in jeopardy of loosing control of both houses of congress.

    Something had to be done. So the wheels were set in motion with the corporation of wall street that anyone with a steady job would get a home, yes the American dream will in fact come true for everyone. This will allow the president and Republican to stand in front of their constituents and say “ more Americans own their own home now than any other time in history” a very true an accurate quote.

    Wall street is no dummy, they knew in order to take this bet they would need friends in the right places. Bring on Bernake and bring on Paulson. If things went bad they would provide the necessary support of the investment houses, complements of the American tax payer.

    You see it was really the sleazy politicians who wanted to keep control who got us here wall street was just along for the ride.