Posted by
Rose Colombo on Monday, October 06, 2008 12:00:00 AM
Congress didn't bail out the American people who were the victims of this banking crisis. Middle class Americans who work hard and pay taxes didn't cause this economic meltdown. Yet, the federal government led the American people to believe that the government is doing the American people a great big favor by printing billions of dollars and bailing out the American people. That is not true. They are bailing out the bankers who were involved in the fraudulent loans that were created by the federal government knowing that middle class or poor people couldn't afford million dollar homes. Many bankers took advantage of this get rich quick scheme with total disregard for the people who they knew would lose their homes into foreclosure. In fact, some reporters blamed the Hispanic community for the housing collapse which is ridiculous considering that 2/3's of home buyers were non-Hispanics and it was the government and the bankers who entyced the buyers to sign on the dotted line. Good, grief, put the blame where it belongs. The fingers need to be pointed at the top because they are paid to protect the American people from crimes and wrongdoing which caused the housing market to fail. People of all races and ethnicities were entyced by the lenders to move into homes that would be considered unaffordable unless they turned their heads the other way. This was a easy trip to the top for those who were thrilled to buy the American dream home, but it's now a very rough trip to the bottom and into a tent.
The bail out was implemented go help out CEOs and save the banks, but it's like a bandaid which is a quick fix for an injury but isn't the answer to a long time cure. This cancer began as a agenda without over sight and it has spread in our nation and around the world without a cure. So, today, the American people are living in fear because of this unscrupulous political and corporate fraud. The fat cat CEOs walked away with more than $500,000,000 dollars or more before their banks failed and before they screamed "failed" or "help." They made sure that they squeezed out millions of dollars before they resigned so they can continue to live int he lifestyle they enjoy. The federal government and the CEOs didn't care about the wasteful spending by these bankers and they had little concern that their banks were in financial trouble. After all, they must have looked at the balance sheets once in awhile in order to realize that they would take millions for themselves before the collapse.
Some might say that we are in the end times and others might say that we are being punished by a Higher Power for our sins based on greed and egos. Thousands of people are losing their jobs, especially since the CEOs of major corporations outsourced our jobs during the Clinton administration and that administration opened up the borders. The Clinton administration welcomed thousands of foreigners into our country and it's my understanding that they didn't require background checks or health checks. So, along came more viruses and diseases into America. It was once said that the communists wouldn't take our country down with bombs. The Clinton administration cut the Military budget and laid off thousands of employees who worked in the National Defense department. Our government sold arms to China knowing China was building a million man army. It appears that while we were taking the wall down in Russia that there were politicians building the imaginary wall around America! During the 90s that we had plenty of jobs, but the morality of our nation diminished
and God was being slowly but surely kicked to the curb and mocked. After all, who needs God to save a nation when there are men who have hearts filled with greed and egos to match the power that they believe money can buy by believing that they are icons. After all, Obama allegedly believes he's the messiah and will heal us by implementing socialist programs and higher taxes.
Millions of babies are aborted aka killed every year and a lot of people and doctors who perform these surgeries continue to take their lives for-profit. I guess they rationalize that the unborn babies don't have a right to choose life just because the mom feels like it. Also, the food banks are closing. They don't have enough food to feed the hungry in America or around the world. Believe it or not, Orange County is one of the richest counties int he nation and they've closed the food bank. Yet, people spent $28,500 for a plate of food at Obama's fund raiser People are starving around the world and children are dying of starvation and diseases. Also, American citizens are living in tents. In fact, "Tent City" was founded in Ontario, California, where people are identified by color coded bracelets as if they were admitted to a concentration camp or jail because of fraudulent loans which caused these former homeowners to end up homeless. Natural disasters are unprecedented in America and around the world. These storms may be natural or could some be man made by blasting bombs under the ocean or in the deserts and disrupting the natural flow of nature?The rain forest is endangered because man has abused it for-profit and more animals are on the list for extinction. The storms that are hitting around the world are devastating entire cities and killing thousands of people. The cost of gasoline and food is ridiculously high today.
So, if you still think that the bail out will be the answer to the economic crisis that America and the world is facing then think again. Remember, that the government isn't bailing out the people, it's bailing themselves out and the bankers who were allowed and encouraged to implement fraudulent loans on the American people because of greed and or egos.
So, don't think that this bailout was meant for the middle class people because the middle class taxpayers won't be given any money to bail themselves out of debt. This is probably the second step after the Savings & Loan faiiled and Keating was jailed which could lead to One World Bank. It appears that the big guys are gobbling up the smaller guys and monopolizing the banking community and wiping out competition. But, that's just a opinion. Imagine what America could have done with billions of dollars instead of bailing out fat cats with an agenda such as, drilling for oil or creating jobs. We are becoming more controlled and more desensitized and tracked.
So, in my opinion, the feds knowingly committed a fraud on the American people because they allowed the implementation of fraudulent loans which is bad business not only for the banks but for the homeowners and now the entire world. But, they won't be held accountable for their crimes against this great nation and those who went along with this unprincipled and unethical business practice won't be held accountable. They'll be interviewed and set free to live in the lifestyle which they are accustomed, but the American people and the rest of the world will suffer. They didn't care about the rest of us. This is a national and world wide scandal. Shame on those who the American people placed their trust. Keating went to jail, but I doubt that anyone will go to jail because instead of punishment, they got millions and were asked a few questions and they were rewarded with a bailout. I can hardly believe that they didn't have any oversight within their banks considering that they must answer to the IRS! Good grief, it's just not a good thing to count on men whose hearts are filled with greed and ego and support our forefathers who placed their trust in God, not man.