ActiveAndFit said I didn't know the history of this, but it all amounts to careless, wreckless government.
No, the more accurate statement when it comes to the current credit crunch and mortgage and real estate debacles is that it all amounts to "Careless and wreckless American people living beyond their means". Don't get me wrong, I am just as guilty as the next guy, but at the end of the day when I've spent more than I make, or purchased something like a house, or multiple houses, that I can't really afford, I can't blame anyone but myself.
No, my statement was accurate. When the government allows the desires of business interest to work against the interests of the people, the government is serving money and not people. The same goes for lobbyist i.e. legalized bribery - it is against the whole idea of an "equal" government because people of less economic means are ignored in favor of the whims of the wealthy.
As far as the wealthy conservative illusion that those poor people just got themselves into trouble, it is blindness to the condition of most of these poor people. Many of the loan victims I have seen interviewed on the news, had NO idea of what trouble they were getting into. Many were just convinced that they could afford the loans without really understanding the potential problems.
And when our government spend our tax dollars and even still has to borrow funds from our good democratic friend China for things like Wars based on deception, it just is more evidence of wreckless and careless government.
Our irresponsible government needs no pardon or excuse for their waste and their betrayal of the American people.http://www.nationalpriorities.org/
The War in Iraq Costs $536,066,600,836 and countinghttp://www.nationalpriorities.org/costofwar_home