WELL LAST NIGHT I WATCHED A NEWS STORY ON PBS IT WAS ABOUT THE FANNYMAE AND FREDDY MAC SCANDAL YOU KNOW, THE PEOPLE WHO MADE LOANS TO PEOPLE WHO HAD NO MONEY AND COULD NEVER PAY FOR HOMES?
WELL THE EXPERT SUGGESTED SINCE WERE GONNA BAIL THEM OUT THEY SHOULD BE TAKEN OVER BY THE US GOVT TO COVER THE MONEY GIVEN AND LET THE STOCKHOLDERS GO WITH NO RETURNS ON THE INVESTMENT. THESE WERE ORIGINALLY CREATED TO HELP THE POOR NOT MAKE THEM POORER. THEN THEY DID THE DEREGULATION THING AND OPENED IT UP FOR INVESTORS AND THAT'S WHEN IT WENT TO THE DEVIL.
ALSO ANY ONE WHO IS BAILED OUT NEEDS TO BE UNDER FULL CONTROL OF GOVERNMENT NON USURY LAWS WHICH NEED TO BE PUT BACK IN PLACE. THAT WAY THE EXTREMELY POOR WONT GET SO WIPED OUT BY THE SUPER EXTREMELY RICH LIKE NOW THE INTEREST IN THE CREDIT CARD COMPANIES IS EXORBITANT AND ON HOMES BOUGHT BY THE POOR AS WELL. THE BIBLE WARNS ABOUT USURY AND HOW IT SHOULD NEVER BE ALLOWED.
THE ONLY WAY TO SAVE OUR COUNTRY IS TO REGULATE THE THIEVES WHO HAVE TAKEN OVER OUR ECONOMY THE BIG BANKS .
I HOPE OBAMA WAS WATCHING THAT PROGRAM ON PBS. ITS THE MOST SENSIBLE ONE I HAVE SEEN OTHER THAN DAN RATHER REPORTS ON THE HDTV CHANNEL.
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