Sadly enough, I am not making any of this up. I wonder how many years into this speculative mess we will need to be in order to have these fools admit they were wrong. If society and government had spent four years propping up the internet stock bubble and catering to the “feelings” of the fools who purchased zero profit company shares at 0 IPOs imagine where we would be now. Capitalism’s most important attribute is allowance of failure. Buying the most overvalued asset in the last few hundred years with borrowed money is certainly a failure. Let the housing crash happen and quit worrying about the one way feelings of these fools.
Video Rating: 4 / 5
A relative asked me why I am so angry at these housing bailouts, and the people who view them as endless entitlements. Ignoring the blatant theft, it is critical to acknowledge where the recession began, because that is where it is going to end as well. The seeds of the recession began when people foolishly assumed that housing always increases? in value, then added to that idea by assuming that increase in value came in the form of spendable cash.