I just finished a New York Times article, Fed Chief Urges Breaks for Some Home Borrowers, and I'm vexed that the Fed's most convincing imperative is, "Please, please, reduce principal on housing loans!" And what do the corporate banks have to to say in response? "Oooooh! Oooooh! What are you going to do, you big bad government, if we don't?" They could give a rat's ass about lowering their profit margins. They must think Bernanke has a screw loose. I'm sorry mister Federal, but you should have thought of this a long time ago. And why is it, that every time this country faces a national threat, disaster, or economic downfall, they respond months, if not years after the fact. After everything is well beyond feasible repair, and then the government does a dance around the issue with suggestive policy.
Quit with the pleasantries, and make this a short-term mandated policy. We need to begin to strong-arm the corporate entities, so that we keep them in check all of the time, and make sure they do not take advantage of the American consumer. They have done this for some time now, and is most likely a large contributing factor to this nation's failing economy. Let's stop them from sucking the financial well dry!!
No comments:
Post a Comment