Tuesday, February 10, 2009

If You Think Geithner's "Solution" Was Bad...

Yah. Just you wait!

For folks unfazed by the slow clapping which greeted today's news, maybe the mortgage relief program to be announced next week will induce panic. And why might it do that? I have no idea what form the relief will take, but if the perception takes hold among the great unwashed that folks who actually make their monthly mortgage payments are suckers and that those who default on their obligations will get government assistance and a shoulder ride from Nancy Pelosi and other Dems seeking "victims" of the evil predatory lenders, well... it shouldn't take but a month or two to crash the whole system.

Just One Minute

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