Submitted by Peggy McGilligan, Sep 25, 2008 14:25

The bailout is the swan song of Wall Street fat cats, who seek to retire from the predatory capitalism of the past decade. When Bill Clinton eased banking restrictions in California, he dished out $8-billion dollars for "community reinvestment loans." Was the money ever repaid: no, it just evaporated. Undoing regulations sets a precedent, as does "comping" real estate. With the influx of cheap capital, properties already overvalued at $125,000 soar to $525,000. This buys a modest home. When the "creative financing" schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; their mortgages morphed into "toxic" financial instruments, which Congress cannot quantify. It's a $90-billion bailout at best. Hillary Clinton knew who'd get the loan giveaways; she had to buy votes. So, why should hardworking Americans perpetuate the housing bubble? Why write the bubble boys a blank check? Why pony up a trillion-dollars, as a cost of doing business? Because it's a scam! And, this is the exit strategy. Where is that $8-bilion dollars? The bubble is the problem; let it burst. Let those 18-million cracks pass the hat.

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