So they loaned all of this money to people who couldn't afford the houses that they were buying because the banks just figured that, since real estate prices kept going up, they would assume and act as if the real estate prices would always go up and that way they could lend money to people who could just sell the house when they couldn't pay for it anymore and the banks would get their money back that way. Now does it sound stupid? It does? Well, good. That's because it still is.
They thought it was done. They thought it would pass. It didn't. And what do you think happened? Exactly. The Dow plunged 777 points, the largest one day drop EVER. Nice job, Reps. Nice job. What in the hell is wrong with you people? (Mark my words, if they do not agree on this thing on Tuesday, the drop will be twice as much.) And here's where I go ballistic.
Do you know how many freaking committees there are to regulate and supervise the very departments and sectors of the financial systems of this country? Let me list a few. We have:
- The governors of the Federal Reserve System
- The Board of Directors of the FDIC
- The Securities and Exchange Commission
- The Federal Advisory Committee
- The Committee on Banking, Housing and Urban Affairs
- The Committee on the Budget
- The Committee on the Finance of the Senate
- The Committee on Financial Services
- The Committee on Ways and Means of the House of Representatives
- The Federal Housing Finance Agency
The various members of these various committees and boards (and I've just listed TEN of them. There ARE more.) are made up of members of the House of Representatives! These committees and boards are supposed to oversee the financial system of the country and regulate it so that disaster doesn't strike. Well what in the hell have they been doing the past four or five years?! And NOW they're all concerned that something might be done without their oversight? Are you kidding me? You're already supposed to be overseeing things? What have you people been doing??!
Clearly, people weren't doing their jobs. That's nothing new when it comes to elected officials. But what burns my toast is that these people have the freaking nerve to, once again, act all concerned about the situation and what they can do to save it when they were the ones that created the mess in the first place by doing NOTHING! Don't show up NOW and tell me that YOU want oversight. That's what you should have been doing, you morons, you! AND on top of that, those who know their economic stuff are telling you that it is going to be financially disastrous if the now 100+ bill doesn't pass and something isn't done. So what do you do? Do you pass the bill? Hell, no! Instead, you make it so the bill does NOT pass and the stock market drops like the rocks that must in your heads.
So when all of the fraud was going on in the real estate and mortgage lending game, you didn't want to listen then. When you're on these committees to oversee the industry and you learn about these things, you didn't want to listen then. And then after you're told that not giving Federal help to these banks will significantly damage the economy, you still don't listen and don't pass the bill because NOW, suddenly, YOU want to start doing your job? Screw you and don't let the door hit you in your cowardly ass on the way out. (The cowardly ass, by the way, was originally slated to be one of the three characters that accompanied Dorothy on her magical journey to Oz and then was unceremoniously replaced by that lion fellow.) Once again, you showed that you only care about yourselves, being as how a whole lot of you are up for re-election in November and you saw a "yes" vote as being not as politically productive for you as a "no" vote.
Come November on Election Day, I've decided to simply vote for whoever the challenger is to any seat in the House of Representatives that is up for grabs. I don't care if it's a goat rapist running against the incumbent, I'm voting for the goat rapist! And I encourage everyone else to vote against the incumbents as well. Don't worry about what your party affiliation is; just always vote for the goat rapist! I want all of them booted out and I want to just start over. What a bunch of jackasses! If you people wanted to do your damn job so badly, why didn't you?! What was stopping you?!! Oh, that's right, because you're jackasses! Once again, I remind those folks that their JOB was to make sure that NONE of this could HAPPEN! And they're worried about votes? Grand.
Stay tuned and see if either a) the House passes the bill tomorrow, or b) if I have a coronary if they don't. Either one, a fair to partly cloudy possibility. (In the interim, I'd like to apologize to all of the goats out there that I may have offended or frightened by participating in and encouraging the electing of public officials prone to fornicating with members of your species. Sorry 'bout that.)
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