I look at the govt as a "Father Figure" of the country, people are allowed to make their mistakes but when a group of shysters put together these weapons of mass financial destruction like we've seen in the credit industry coupled with wall streets pimping of these "stocks" CDO's, MBO's etc…etc….at that point the govt, in all of its infinite wisdom, experience and candor should and MUST protect the population and the country et al from these greedy, dangerous predators…But they didnt and NOW we have a HUGE failure that will ROCK the worlds economies…one must at least wonder if it was all pre planned ?….
The govt politicians (Congress and Senate) should be held personally and criminally liable for their negligence of enforcing laws that are ALREADY on the books….SEC turning a blind eye on their enforcement jobs comes to mind.
but who will watch the watchers ?
If the govt were analogously the parents of young, naive, vulnerable children, then they would be thrown in jail for child abuse and neglect…….
Who will hold their feet to the fire of their failures ?
I'll tell you who, the American worker who's retirement pension or 401K was the "play money" that wall street used to cook up this scam for the last 5-6 years…….When 20 million people find out they will have to work as a "Wal Mart" greeter instead of tooling around the country in their motor home or gorging themselves on 24 hr buffets on cruise ships while leisurely traveling to places like the Bahamas…THEN there will be hell to pay……The collapse that is in inevitably coming, could be the start of a financial revolution.
What do you think of this ?
How mad would YOU be if your suddenly broke and 62 yrs yrs old ?….
No retirement, minimal savings and no future prospects and OLD……dire straits indeed.
As the old Chinese proverbs states:.."May you live in interesting times"
Its gonna be damned interesting in the next several years amigo's
