The political corruption stories continue to roll out of Illinois and the bailout drama continues in Washington.
I thinks members of Congress should wear uniforms like NASCAR drivers, so we could identify their corporate sponsors. Who knows, maybe that would help prevent some of the graft and political pandering that goes on. It’s hard for average folks to understand why the people involved in these messes are rewarded by the government for their misdeeds instead being jailed like the criminals they are.
A Forest Gump explanation of the mortgage mess that illustrates it better than all the financial experts and politicians we see quoted on the news:
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.
Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.
Mama always said: “Sniff the chocolates first, Forrest”
I thinks members of Congress should wear uniforms like NASCAR drivers, so we could identify their corporate sponsors. Who knows, maybe that would help prevent some of the graft and political pandering that goes on. It’s hard for average folks to understand why the people involved in these messes are rewarded by the government for their misdeeds instead being jailed like the criminals they are.
A Forest Gump explanation of the mortgage mess that illustrates it better than all the financial experts and politicians we see quoted on the news:
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.
Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.
Mama always said: “Sniff the chocolates first, Forrest”
