Friday, September 19, 2008

Well now!

As US Treasury Secretary Hank Paulson explained today, "we have over 5 million sub-prime mortgages that are in distress.
Golly, that's only 100,000 bad sub-prime mortgages per state.
Not to worry as Uncle Sam is here to save the day and as usual the working poor in the US are getting stuck with sucking up the tab.
Actually we are only picking up the Bad mortgages as others (???) are keeping the good ones for themselves.
But not to worry as you and I can buy shares in some of those keepers and if they ever declare a profit we might enjoy a dividend.
Ah yes, the ripple benefits of Embracing Diversity!


Post a Comment

<< Home

php hit counter