[quote=patientrenter][quote=Allan from Fallbrook]…this is the government’s way of attempting a “soft landing” in terms of market valuation on those toxic assets.[/quote]
If I were not a cynic, Allan, I would believe this. My cynical side says that what’s really going on is redirecting the consequences of bad actions from the principal orchestraters and beneficiaries to the innocent bystanders. In other words, my cynical side tells me the soft landing is marketed as a rescue for us all, but it’s really a smokescreen for a painless escape by the primary perpretators.[/quote]
PR: Hell, I wasn’t trying to say this soft landing was engineered us for us commoners! Nope. Why should it be? We’re neither the main perpetrators, nor the main beneficiaries, of this global swindle as you correctly pointed out.
However, if there were to be a global systemic collapse, they (the favored) would get caught up in it right along with the rest of us. Can’t have that happen.
So, the “tale” is “spun” (think Bernanke giving Scott Pelley of “60 Minutes” (my favorite party organ) all that “unprecedented access”, all while spinning that folksy tale of his humble beginnings and speaking enthusiastically about the green shoots), and We the People sit here and swallow it.
I swear to God, my new response to everything is going to be singing The Who’s “Don’t Get Fooled Again” over and over.
