Okay – I think I get it. We have to do the bail-out thing, because Congress hasn’t been able to get it right for the past thirty years.
It was during the Carter years when “affordable housing” first somehow crept into the Bill of Rights. One of those secret amendments, y’know. Not a whole lot of impact during the Reagan era, but things really took off while Bill Clinton was enjoying the perks of the Oval Office. By then, clever community organizers in big cities like Chicago found ways to haul in millions and millions of taxpayer funds to create great wealth for special friends and simultaneously create super fabulous rat-infested dumps for the community. What a deal.
Seems nobody was paying a whole bunch of attention to the goings on at Freddie and Fannie’s, while the money geniuses on Wall St. discovered a shell game where they could leverage the mortgage loan packages about thirty times – and – even better could indulge in naked short sales (sounds like a Clinton thing, huh?) until they finally reached critical mass. And the whole thing fell down or blew up. Whichever. Bang. Boom. Bust.
So now “we the people” get to charge to the rescue. Why am I not thrilled with the opportunity? Perhaps because I don’t think they’re going to get it right this time either.
So what can we do about it?
Probably not much – but I figure I’ll start my own little protest and anyone can join in. Since it’s a given that Max will win again anyway – instead of voting for him – or the always popular “NOTA”, I’m going to cast my ballot for Bob Kelleher. If enough of us do that, the vote could be close enough to scare Max so he and Jon will get the message that we’re mad as hell and we’re not going to take it anymore!