Give Us The Damn Money!

Barney Franks, Christopher Dodd, George Bush, Nancy Pelosi, Henry Paulson, all livid over the fact their their 800 billion-dollar bailout is not sailing through our lobbyist-controlled Congress.

Barney Franks, one of Wall Streets trusted insiders, is beside himself that some Senators and Representatives want a few facts and rules on this mess.

For example, they have requested information on the actual value of all these "toxic" mortgages, the ones supposedly now worthless. Remember that these "toxic" pieces of supposed worthless paper are actually the titles to billions and billions of dollars worth of new and late model homes. So far, they have been flatly refused this information.

The people behind all this are not stupid... quite the opposite. This was intentionally generated, and it's one of the greatest scams in history. Here's how they did it:

-1) Through the use of donations to political campaigns and to offshore numbered bank accounts, buy enough members of Congress to get the rules relaxed, to short-circuit any possible oversight. That was successfully accomplished.

-2) Offer mortgages to unwary buyers with no money down, fabulously low interests rates, no credit checks or income checks, no verification of the financial stability of the potential buyer, but in the fine print have a ARM clause that shoots the interest rate through the roof in a couple years. That was done.

-3) Sit back and wait for those ARM clauses to trigger, forcing millions of homeowners into bankruptcy and foreclosure. When that happens, the institutions that kept their paper will fail, the institutions that sold their paper to places like Fannie Mae and Freddie Mac won't matter, because Fannie Mae and Freddie Mac will face collapse also.

-4) Get your purchased clowns in the government to bailout {most} of the failing institutions, returning them to good health. The owners and stockholders are totally satisfied, and guess what? They have all that real estate to resell at market values and reasonable interest rates, for billions and billions of pure profit. Tons of money for everybody. Well, almost everybody...

Only the taxpayer loses.

And remember... NONE of this happened by accident.