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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!

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