Yep, you and I are both suckers... I should of put 0 down on my house too... all upside, no downside (if the house drops in value, just buy another while your credit is still good and walk away from the other)... that is what all these corps did. Anyone that says it is the homeowners fault is nuts... if you leave food on the floor, roaches will come and get it. You can't leave food on the floor and then blame the roaches for wanting it. This is the biggest scam of scams since the creation of the Fed, the total looting of the United States Treasury under the filthiest regime to ever weasel it's way into power in the United States. You know what happens in China when corruption like this happens? Just look back to the headlines over the last couple years if you forgot... public execution. Not that I advocate that, but there is no recourse for these crooks, and there is no plausible deniability ... siphon money from us all to a few... that's the new American way.
This is not socialist, this is fascist... socialism gives everyone in the nation access to a service or entitlement. Fascism, at least one of the most core principles, is that the interests of the corporations are the most important interest, and respecting those interests will translate into more prosperous economy and overall power. From Wiki: Fascists opposed what they believed to be laissez-faire or quasi-laissez-faire economic policies dominant in the era prior to the Great Depression.[105] People of many different political stripes blamed laissez-faire capitalism for the Great Depression, and fascists promoted their ideology as a "third way" between capitalism and Marxian socialism.[106] Their policies manifested as a radical extension of government control over the economy without wholesale expropriation of the means of production. Fascist governments nationalized some key industries, managed their currencies and made some massive state investments. They also introduced price controls, wage controls and other types of economic planning measures.[107] Fascist governments instituted state-regulated allocation of resources, especially in the financial and raw materials sectors.
definitions aside, let the markets take care of things quick and final. the current system encourages risky behavior as the corps know they will get a bail out. it also just extends the shit. I say clean it out. painful as hell now, but will get the econ going with a clean slate more or less.
The Government should announce acceptance of monopoly money as currency. Older original milton brother currency at a premium.
Who gives a fuck, it`s not the government, it`s the voters who has to do something on Tuesday November 4, 2008!