Is this the sign of the times? Fannie and Freddie, two of the largest lenders in the country (maybe even world?) are set to fall hard if the treasury and the Fed don't bail them out. So what is the deal with that? I will tell you, an economy that has been based on lies. All this time hedge fund managers and mortgage brokers have been lying to the American people and selling them houses they couldn't afford. Sure there are new rules now in place, but that didn't protect us from the fall. Now America's economy is in shambles, huge established firms are falling apart and who hurts the most? The middle class, the poor. The rich just loose a percentage point. It is sad that we trust so much of our countries wealth to so few people. When is it going to stop, when is there going to be parity and equality? Who knows, not in my life time. I don't think that is something even Obama could change. But as long as we see it, we can fight against it, that is our true hope and change that we can believe in. |