6 and holding

It seems the world has been puton edge by 6% of the loans in America. Made by riff-raff in granite offices, these loans to folks ill equipped to handle them are holding the lives of the rest of us hostage. It should not be.

Robin Hood is turning on his grave at this give to the poor by stealing from the equally poor while all the while ingratiating the rich on Wall Street. I have been asked for a better way, and here it is.

Let the bastards fall. Let those ill equipped to buy go back to renting. And remember -- money did NOT disappear. It has just gotton concentrated in a few hands of rich folks. We need to get it from them. Let those banks still standing, offer those money folks incentives to park their cash -- higher interest rates, 6% should do it. Then you will have a return to liquidity. Surviving banks, most likely local will administer the funds to qualified folks. Mortgage rates will rise to a level commensurate with the early 80's. And away we will go.

Will it happen? No chance. Congress wants your money so they can give it to Wall Street.