Showing posts from August, 2010

Don't blame the pushers, blame the crackheads???

I am having a debate with a new found friend on Twitter @REcrab. We met through @tom_peters, who really knows how to spark debate.

Earlier today I tweeted: "If the Gov't investigates BP 2 the Nth degree 'to make sure it doesn't happen again', when can we do the same to Congress abt fin. meltdown?" Tyler tweets back "Congress caused the meltdown?Thought we did not like regs. You got what you get with no regs. " and off to the races we went.

My contention is that Congress' intention to create 'affordable' housing for all Americans basically unlocked the bank vaults and left the doors unattended. Everyone wants to prosecute the bankers and brokers but the politicians and policy makers get away scott free and NO ONE in Washington loses their job.

Let me make myself very clear! I have virtually NO respect for bankers. Absolutely NO respect for credit card companies and the same goes for brokers and mortgage sharks. These guys are responsible for…