More billions of our tax dollars are being poured into the bottomless pits that the nation's major financial institutions have become. The institutions truly are the living dead, kept from the extinction they deserve only by a public welfare lifeline -- flows of cash from the public treasury.
No changes are being made in the teams of 'executive talent' that created an insatiable need for ever more of the same by recklessly gambling away the country's wealth at the behest of our political 'leaders.' Thus the overpaid fools whose lack of judgment led them to squander the equity of their respective institutions will continue to be the ultimate arbiters of whether and to what extent less favored citizens will be worthy of credit if and when their institutions ever resume lending.
It's a perfectly absurd cosmic joke. The politicians require ordinary working Americans to pay taxes, which the politicians then cycle to their high rolling friends, who then divide the cash into (i) gambling money to play in the big mortgage and other high risk casinos, and (ii) bribes to go back to the politicians, who keep the cycle going.
Anybody who voluntarily pays or contributes anything to keep this corrupt cycle going deserves the impoverishment that lies ahead.
No comments:
Post a Comment