11.29.2007

Freedom to Fail

This link gives a good sob story narrative about the deceptive practices of the mortgage lending industry. PBS It illustrates how poor, poor home "owners" were deceived and how Congress is reacting to the situation. The comical part is the lobbyist representing the mortgage industry. He is straight out of "Thank You For Smoking". And while I do believe the problem is primarily the borrowers, the mortgage industry is surely one of the more evil, FU industries we have on the planet. I do think that that little, orange butcher's son deserves to be snatched up by flying monkeys and dropped from 200 feet no doubt. But the real problem here are the stupid people who signed up for stupid loans. Also a little deserved blame goes to the economically challenged Uncle Greenspan for pushing the dream of homeownership. It was never homeownership; it was home rentership and liquidity production for Wall Street. And he fricking got knighted.

On a side note, how funny would it be to see little Tanzilo in a full plate mail knight's get up with the helmet, a sword he couldn't lift and a shield? Sort of like those little hobbits from Lord of the Rings in that final battle. Except Tanzilo instead of fighting would probably be sucking the blood out of all the dying combatants lying in the field. Fucking midget vampires.

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