Hi CB,
"big lenders like Countrywide were asleep at the switch"
"At this point we're just looking at a massive wealth transfer from poor to rich."
I doubt anybody at Countrywide was asleep, I think it is intentional, an evil conspiracy, to bring down this country and to harm the middle class. CEO Mozilla is not going to miss any meals and if you think about it all it would take is a mere handful of people like him in critical positions to pull off something like this. He and a few others were the leaders in the aggressive lending practices and the little guys just followed his lead.
If he wrecks his company (and helps wreck the country) he doesn't care, who knows what wider agenda he is serving and how he is being rewarded other than the vast sales of CFC stock he has made.
Think about it CB, in this "information age" there are really no accidents any more. The guys at the top get the whole picture and large moves they make are well coordinated. Think about some of Greenspans very transparent moves, for example, that brought us the stock market bubble and crash.
We have internal enemies, lots of them. You have the domestic left, of course. Lots of them have been taught to hate this country and would welcome a transfer of wealth and power out of the country. You have all sorts of global elites of with all sorts of agendas, most of them contrary to our interests. And there is even an element of this with our big biz "conservatives". These guys have been so frustrated for decades by the left agenda of environmental, consumer, labor, ect. activism, that they have come around to the position that they really don't care either if the country goes down and long ago began feathering various nests abroad for themselves.
Maybe all these groups are not exactly on the same page, but their various purposes line up often enough to produce a common line of attack. OR, maybe it is a more tightly controlled central conspiracy, I am just not sure.
To me, seems that the greatest danger we face is that we get slow-boiled like a frog in a pot and come to accept without a violent reaction whatever circumstances that are being prepared for us. This seems to be what has been going on for the past forty years or so.
OTOH if things went south fast then we might get the needed reaction to produce revolutionary change. I am hopeful.
Slagle
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