NY TIMES blames Bush for Mortgage Failure

Its amazing anyone in politics would think that politicians have a moral code.

Let us not rush away and ignore the possibility that the left will benefit greatly from this mortgage crash. They can blame Bush, 'adjust' the debt of those 'poor' who 'deserve' some 'affordable housing' and I wonder if we may see more such loans--directly from the FHA or other government agency.

The banks are not stupid enough to make bad loans but the government is.

We are in a steep deflationary spiral and heading toward what looks like a depression so when that happens major changes are allowed by the masses.

Just think where the wealth is now and ask yourself: would it be okay if the fed just annexed my 401(k) into Social Security so we can 'share' the wealth with the unfortunate?

The fools are just printing money now ["quantitative easing"] and have no need to raise taxes yet. But, capital is hiding from the government at this time and they know it.

So, following Joe Biden [Plugs] let us be 'patriotic' and 'trust' our government with our wealth!!

Sure.

rycK