You guys must not rate….I got a personal letter in her own hand writing, let me tell you what she said verbatim:
Dear Look Out Below
I appreciate your concern over predatory lending practices and Wall Streets vulture like reactions to it by selling these as "investment" vehicles to the unsuspecting Chinese as MBS securities…Let the chinese deal with it, they should have done their due diligence. As far as foreclosures go, dont worry your little head over it, we'll bail em out and hand you the bill, "Helicopter Ben" also assured me that the bill thats coming to you will be huge, as he has this silly little fear of "inflation", even after we factor out all the meaningful stuff like transportation, housing, energy, its still has him concerned, he's such a "worrier".. so he's going to jack the rates next week, that ought to put more into bankruptcy soon, so we will have to bail em out, well, ….."you", the taxpayer will. that is.
It’s weird that I read this so differently than a lot of you.
The letter doesn’t really say much of anything. My read is “There’s a problem, there was some predatory lending, we’re going to have a hearing and decide what to do.”
I suppose that’s dissapointing if you want to hear “No! No bailout!” But I don’t think being openminded at this point is a bad thing for a Senator. I like politicians that want to study issues, take in data, and are willing to change their minds, rather than being a “Decider” and then “Staying the Course” no matter what.
The politician you described is EXACTLY what we have….its called "indecisive politics" ….those are typically the "weather vanes" of politics.
….I think your "wait and see" policy politician that you seem to like so much was "waiting and seeing" while this whole thing play out over the last 3 years …..Care to re-think your opinion ?
poorgradstudent, you are a good reader, thats exactly what she said, “we’ll wait and see.” The problem is that most of us have an interest in our leadership doing just that, leading. Telling people that they have to live with the consequences of their poor decisions is something that I am ok with. I wish my Senators were too.
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