You are here
Home > Posts tagged "Investment Bank Bailout"

FOX broadcasting at it again, Gullible Travails and A Modest Proposal

CW57, one of the local DumFox stations, aired an "infomercial" for a seminar, books and training videos on how to take advantage of the housing market crash, telling the Gullible that if they buy the properties ON CREDIT (even though they're targeting people who are already in bankruptcy and facing foreclosure) then sell them to rich real estate developers for tens of times what the houses are currently priced, financed on both transactions with an Adjustable Rate Mortgage by the same investment banks which wrote a blank rubber check for the last time this scam was perpetrated. Now, the paper they hung on us last time, it wasn't the primary cause of the Recession Massive Economic Collapse it was just (normally, as everybody knows, I avoid cliché like the plague, but I'm going out on a limb and doing it anyway) the straw that broke the camel's back. 30 straight years of unfunded Reaganomics, the collapse of the infrastructure, such as levies, bridges, roads, other privately owned public utilities, unfunded war-for-profit where those who made the profit from other people dying paid no taxes on the blood money, destruction of the unions, done at public expense and again for private profiteers, and the legalization of Predatory Capitalism and relaxing every rule set in place to correct These Same Causes during the Great Depression of the 1930s... provided both the rest of the burden that poor camel was carrying AND starved and beat the living Hell out of him so he was incapable of carrying the burden. Fox uses the standard disclaimer that "The views expressed in this broadcast do not reflect those of NewsCorp" what a bunch of lying pukes. Fox News has spent BILLIONS of dollars ranting that this type of unfunded speculative investment could not possibly have harmed the economy. Nor that the Corporations getting welfare subsidies AND huge tax breaks, would increase the budget and double-trouble it by their obscene tax breaks. Instead, they blame the 51% of the people who make less than $22,360 a year for a family of four and thus are at poverty level. Or below. Couldn't possibly be the multi-Trillion Dollar giveaways to the Rich. The cost of the wars in Iraq and Afghanistan has recently been estimated at 1.5 Terabucks, or, for those who no speak geek, trillion dollars. That would have to ignore the at least 5 Trillion paid out to private corporations to "rebuild" Iraq and completely dismiss all the money spent on Afghanistan. And the fact that before 1991 Iraq had the strongest economy and best infrastructure on the Arabian Peninsula, even more than the Subsidized (by us) Sovereign State of Israel. That they had more female graduates from universities per capita than anybody else on the Peninsula, that their literacy rate even now surpasses that of the United States, More female Doctors. And that they weren't allowed to use what money they had (which was considerable) to rebuild their country for more than a decade, based on the "They're Developing WMDs"

Top