We’re just seeing the front end of this tidal wave. The cancerous rot that is rising in the judiciary is everywhere. You have corruption trials there in PA. Louie Gohmert was a judge in Texas. We are truly a third world nation already.
Right.
The U.S. government is the guarantor of 90% of the home mortgages in this country. Twenty years ago it was about 30%. The government doesn’t own these loans (mortgages) or the profits that they generate the banks do. The government simply guarantees that if the homeowner defaults on the loan the bank will not lose any money. This ridiculous situation is a result of the bank fraud that crashed the economy in 2007-2008. How would ‘you’ solve this problem if you were the government? Would you: 1. Buy all of the mortgages and keep all of the profits? We’ve already taken all of the risk. Or, 2. Tell the banks that we are out of the mortgage protection racket and let them assume all of the risk? Isn’t that how a free market Capitalist economy is suppose to work?
We’re just seeing the front end of this tidal wave. The cancerous rot that is rising in the judiciary is everywhere. You have corruption trials there in PA. Louie Gohmert was a judge in Texas. We are truly a third world nation already.
Right.
The U.S. government is the guarantor of 90% of the home mortgages in this country. Twenty years ago it was about 30%. The government doesn’t own these loans (mortgages) or the profits that they generate the banks do. The government simply guarantees that if the homeowner defaults on the loan the bank will not lose any money. This ridiculous situation is a result of the bank fraud that crashed the economy in 2007-2008. How would ‘you’ solve this problem if you were the government? Would you: 1. Buy all of the mortgages and keep all of the profits? We’ve already taken all of the risk. Or, 2. Tell the banks that we are out of the mortgage protection racket and let them assume all of the risk? Isn’t that how a free market Capitalist economy is suppose to work?