So the American economy has been brought to its knees. And—by all appearances—it can’t get up without help. We’re a nation of laws, so many laws. Laws that protect us from being stupid, laws that say we have to know what the law is, laws about writing new laws. We love our laws. So, while the mortgage lenders were busy writing worthless loans, hoodwinking people into thinking they could afford a house of their own, then ruining those very people with financial disaster, where were our precious laws? Am I to understand that—as the lenders chipped away at the country’s financial footing—first with a chisel and hammer and then with great blows from a humongous sledgehammer, after the greed had set in for good, that NO ONE knew what was going on? Granted, we have the dimmest president in the history of the civilized world, but it wasn’t his job to oversee these kinds of activities. He gets a pass on this one. His financial advisers, however, shouldn’t have been so insulated from the machinations of the mortgage industry—one of the most high profile and closely watched businesses in the financial world. What exactly were they doing while the lenders were going for broke—writing new laws?
On the plus side, there is an unexpected benefit to bankrupting the country: When I go to the Colosso-Box home improvement center I can walk the aisles unmolested by other customers: The place is empty.
Monday, October 6, 2008
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