Again this should be no surprise to any of us. Remember the golden rule? Those with the gold rule?
Well the lending industry, the real estate industry, construction industry and others affected by housing have a ton of gold and an army of lobbiest in DC. If anyone thought that they would not use every single weapon at their disposal to either mitigate or stall the inevitable, then they were wrong. To think that they have not been planning for a fallback or many fallback positions would be crazy.
It is a very sad commentary on the state of our government. I also have sent letters to my representative as well and it just disgusts me that we are such a welfare state. I guess next we should bail out people who have their cars repo’d or run up the old VISA bill as well correct?
We saw this sort of behavior coming, and there are even previous posts where we discussed that there would most likely be some way that there would be a bailout. I love our country so much, I just don’t understand the behavior of the people that run it.
