I agree Dee if we are going to keep a system based on hard drive money and perceived value rather than actual assets we can't allow the system to be looted and destroy the perceived value and stability.
If our money and homes were stolen that needs to be returned period.We have all these crazy bailout and write-off schemes and now the big bipartisan solution seems to be having the government pay us a few hundred dollars of our own money. They want to artificially pump up, subsidize and borrow our way out of the sub-prime crises that was caused by artificially pumping up, subsidizing and borrowing our way out of the S+L crises.
Can't these cowards just stand up and tell the truth the country is broke and fine tuning a broken system is rearranging chairs on a sinking ship.
The easy money party is over it's back to working, producing and saving as a way of life. That seems to be a radical extremist concept nowadays that will get you on an FBI watch-list but believe it or not if you save more than you spend you will not have a debt crises.
Arnold Schwarzenegger said the solution to the sub-prime crises is medical insurance for illegal immigrants. He ran on the platform of fiscal responsibility
and eliminating special interests and now he wants California taxpayers and native American casino owners to fund the mythical Mexican reconquest.
Here in California they teach in the public schools that the Western U.S. was part of a huge Aztec empire. They acknowledge it's a myth with no historical
basis but that we have a legal and cultural responsibility to acknowledge their belief in this mythical land of Aztlan because they have unilaterally decided to replace their actual history with a belief that they were once mighty conquerors of a kingdom that exists in their imagination.
There was a period between 1821 and 1848 were five states were technically part of Mexico acquired during the period when England, Spain, France, the U.S. and even Russia were jostling to control parts of the Western New world but the handful of Mexicans who moved there and shared the land with Europeans and native Americans protested rule by Mexico City so it was never really part of governed and controlled Mexico let alone ruled for centuries by a great Aztec empire.
Whats wrong with preventing lending crime and fiscal responsibility.