We’re All Homeowners Now: 10 Reasons to be Cautious About This Housing Rescue Plan for Motherland USA.
“I’m shocked, shocked to find that gambling is going on in here!” -Captain Renault, Casablanca
Many of our elected officials were “shocked” and astounded to realize that the entire economy has turned into a glorified casino. Ironically, the quote above comes from Casablanca which translated into English means Whitehouse. How appropriate given the circumstances. How the economy can go from fundamentally sound earlier in the week to flat out meltdown mode where Hank Paulson had to not only use his bazooka, but also had to use his rocket propelled grenade with a nuke tip while jumping out of a window launching ninja stars and slapping the markets with brass knuckles is really amazing. This goes to show how quickly we can adapt our thinking. Remember long ago on the weekend of September 6th and 7th 2008 when most Americans were only coming to terms with the largest bailout known to humankind […]
Original post by drhousingbubble
