Friday, September 19, 2008

Economy Collapse and Bail Out

Years ago when $100 was missing, all employees had to take a lie detector test. Years ago when my husband was a manager of a finance company, this was common practice. Now millions can be stolen from a business and no one bats an eye. Now business leaders who steal are given million dollar severance packages to leave and keep their mouth shut.

Years ago when high interest rates were charged, it was called usury by loan sharks. Now it's acceptable business practice by banks and credit card companies.

Years ago when you used to qualify for a mortgage loan, you had to provide proof of income and a down payment. A few months ago, you could get a loan without any proof of income and a loan would be more than the property was worth.

Now people act surprised that the economy and market sector is collapsing in on itself. If people truly didn't see it coming, they shouldn't have held these positions of fiscal responsibility. They knew it was coming and they were getting rich off of it. President Bush allowed this to happen so his friends could get richer and richer. This is the result of failed Republican policies.

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