I am a Republican, a black, dyed in the wool Republican, and I never intend to belong to any other party than the party of freedom and progress.

- Frederick Douglas

Pay Up & Help the Financial Institutions

You think those who benefit from the good times in the housing boom should accept the downside of the housing bust? Fool!

The banking industry is proposing to members of the U.S. Congress and the White House that some of the risk of troubled mortgages should be shifted to the federal government, according to a report in the Wall Street Journal on Thursday.

Who has the ear of the politicians? You? No, the money men.

You better tell the government to do the right thing (nothing!), or you will pay for this in more ways than you can imagine.

posted at 18:17:36 on 02/15/08 by clearpolitics - Category: Economics - [Permalink]

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