Google
 

Friday, October 22, 2010

All very funny in the stage play and the film until you realize that this is exactly what the nation's financial corporations have done

American Scofflaw

This is the scene in the show "The Producers" in which the accountant tells the producer that it might be possible to make more money by over-subscribing a show designed to fail then by actually working to produce a hit. All very funny in the stage play and the film until you realize that this is exactly what the nation's financial corporations have done to us all! They over-subscribed the mortgage backed securities, making billions by re-selling the same mortgages over and over again up to 20 times, then foreclosed on the properties to cover the over-subscription!

And Congress, themselves invested in the firms that owned those mortgage backed securities, went along with the scam!

The housing market is being intentionally crashed by the banks and the US Government!

No comments:

Parking Tickets

Parking Tickets
Can I pay my tickets here?

Let 'em Hear it

Add to Technorati Favorites

Gottcha, scofflaw

Gottcha, scofflaw

Hottest T-Shirts on the Web

Loading...

Favorite Scofflaw Movies

  • The Godfather
  • The Usual Suspects
  • Dirty Harry
  • The Good, The Bad and The Ugly
  • The Treasure of The Sierra Madre
  • The Long Good Friday
  • Pacific Heights
  • Midnight Cowboy
  • Highway61
  • Duel
  • Catch Me if You Can
  • Glengarry Glenn Ross