posted on Feb, 7 2009 @ 02:15 PM
Fuming! Fuming! How could Republicans in Congress ignore their own leader?
And why didn't they demand that, instead of making home mortgages more affordable, that Americans EARN more to be able to afford house price
Increasing American Middle Class income would have made conventional loans affordable. But, nooo, as wealth trickled upward, more home buyers could
sometimes only buy a home with such things as a no interest, 50 year loan. Or a car loan stretched to longer than the good life of a car, if they
hadn't already used up their home equity to buy a car. Preposterous.
I gotta admit that not letting the rest of the world know of the shrinking American Middle Class but giving the illusion that all was well and sound
was the best con job to get foreigners to invest in these risky American loans. Masters of illusion.
I guess I don't remember this, as I was worried at the time how I was going to pay my electric bill during the Enron scam.