Well John,
That old saying WHAT A TANGLED WEB WE WEAVE, WHEN FIRST WE PRACTICE TO DECEIVE is alive and well.

A few Decades ago there was a short blurb on the News that a lot of black people couldn't get a mortgage. That may have been when Dan Rather was still at CBS.

Banks are or were at that time closely regulated.
Now why is/was that? Because people like you and me who don't have oodles of money but have some and put it into banks for saving and their retirement.

But because of some/many people that can't qualify for a mortgage have to get by with a little less.

So along comes (Jones), Dodd and Frank who decide to fix it so those people can qualify for a mortgage. So now the money that you and me struggle to save is loaned out to risky borrowers and the Government will back those loans.

So too many of those borrowers are exactly like the banks said, not qualified. So the huge banks like Lehman Brothers are out billions of money.

So now the Government has to bail out the banks who had nothing to do with all those risky loans but get the blame because the Government, who is wholly to blame can't be found.

There was a movie back in the 50's that may explain it all too well. THE TROUBLE WITH HARRY by Hitchcock. It seems Harry was, well dead and not in the best place so the town people decided to move him elsewhere. However everywhere they moved him proved unsatisfactory because it entailed another problem. So after several attempts they finally put him back where he was at first and let it go. Kinda like Washington. They try to fix one problem and another crops up.

Last edited by Ray E. Strode; 09/21/15 03:55 PM.
Ray E. Strode