Tuesday, September 23, 2008

HOW much?

$700,000,000,000

Is what we will owe the government from keeping the mortgage bankers, who have forgotten how to tell the difference between a person who has a job and savings from a person who doesn't, from going out of business, and carrying the rest of us into the financial toilet with them.

Credit cards, rent-to-own, payday loans, sub-prime mortgages, NINJA loans (no income, no job or assets - coined by HCL Finance, a mortgage broker, as a product) - is this all some sort of big surprise?

I am now no longer worried about the atomic bomb.

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