Roger’s Rules

By Roger Kimball

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My favorite American

February 21, 2009 - 7:18 am - by Roger Kimball
G Farmer
2009-02-22 08:11:46

The government sancitioning bad behavior? The government is the poster child for bad behavior!

Please..the government and big business and Wall Street got us into this mess.

Congress passed the Commodity Futures Modernization Act that has a get out of jail free card on page 262 for those violating state and local gambling rules by basically instituting bucket shops that were outlawed in the first decade of the 20th century.

Fly by night mortgage brokers conned stupid consumers into signing what they could not possibly pay for, stupid bankers lent the money. Greedy builders sold more house than the customer could afford, especially in the upgrade studios.

Wall Street bought the jumk (created by the aforementioned act) and sold it to people that did not know what was going on. I can’t imagine a banker or an investment house purchasing investment instruments that they did not understand.

Obama isn’t screwing the American public, look to Congress & the Senate. Its a shame that the president has to go to the people that made the mess to get the power to fix it.

Whatever happens, it’s always the people that work hard,pay their bills and are self sufficient that pick up the tab for the greed and ignorance of an uneducated public and a pandering buch of so called elected representatives whose only aim in life is to get re-elected.