Given that time has not proven beneficial in rendering pricing clarity, allowing the market to clear may be the path of least distress.
FINALLY!!!! Somebody speaks the truth. Too bad they had to try all these failed experiments which have cost/will cost trillions of dolllars — all on the backs of taxpayers now, instead of coming from the private financial industry.
I knew this was going to happen. The only reason for all these “bailouts” was to shift the losses from the private sector to the public sector (and TARP is one of the smaller portions of the bailouts, BTW). It’s not just the “official” bailouts…it’s the fact that prices were kept high, and interest rates were kept low so that all the FBs could refinance into govt-backed loans. Now, when the losses come, we’ll get to bear the losses, all while being told that “our problems are the fault of the public unions.”
Anyone ever wonder why the “anti-union” message was being spewed by the MSM in the past year or so? They’ve known all along that these bailouts wouldn’t work, and that the taxpayers would take the brunt of the losses. They’ve pushed the “it’s the public unions’ fault!” message so the sheeples’ brains would be warmed up for their propaganda blitz when the SHTF. They are trying to deflect blame from the elite Wall Street thugs/the financial sector (and the politicians who enable them) who have destroyed our economy, and attempting to pin the blame on working people, instead. They are trying to pit regular working people against other regular working people, and the sad fact is so few people can see it. Why is everyone so blind?
Same thing happened when the Tea Party first came about. It was originally about opposing bailouts for the financial industry and borrowers who made foolish decisions. The elite were scared to death, because the sheeple had woken up as the financial “crisis” unfolded, and the citizens were forming a real populist movement that could have shaken the sytem to the core. Somehow, the TP got co-opted by the Republican party and morphed into an anti-healthcare, anti-taxes group. Coincidentally (or not), this happened at the same time the Democrats manufactured the healthcare debate, creating a new “enemy” that distracted the TP from their original goal, and lit the fire under the emotional types who are easily led by the “two-party” system that is set up by the PTB so they can manage the behavior and actions of the sheeple. Whether or not this was a planned method of distracting the masses from their very well-justified anger toward the financial class is up to the individual to decide for him/herself.
Notice that the real beneficiary of the “healthcare bill” was the insurance industry — part of the FIRE sector. Coincidence, or not?
