It has been the my contention from the beginning that the White House and Congress has not been addressing the proper course of action in this "recession".
They should have gone after the mortgage brokers that gave out "bad" mortgages, arrested them and the mortgage companies that they worked for, and seized their assets. Arrested the banks that "bundled" these bad mortgages and listed them as AAA. Impounded their assets. They also should have impounded the assets of the people that guaranteed these "BAD BUNDLES" but had no money to cover them.
Then the Government should have addressed these "BAD" mortgage "BUNDLES" and identified the bad loans, as quickly as possible. They should have made swift decisive moves, shortly after they awoke from there long slumber.
Now they should have also addressed the "OIL FUTURES MARKET" that went hand and hand with this collapse, persons buying millions ofbarrels of oil and not paying for it, then quickly selling them for a profit before they even received a bill, and better yet, no one knows who they are !!! sound funny? But this "loophole" still has not been closed, it has not even been mentioned. And yes it is still going on as it has for I do not know how long. Just watch your oil prices.
Yes we are being lead by a group that is either very stupid, or cleverly leading into "The New World Order", GOD, Please Help US ALL !
Bill
