Tuesday, September 30, 2008
****This blog entry contains obscene language. Continue at your own risk!
Holy crap! We are definitely up shit creek without a paddle!!
I don't get it! Granted, I don't know much about the stock market, that's why I have a broker named Fred! (Sorry again for threatening to choke you last week, Fred! You know I didn't mean it!) I'm still trying to wrap my little brain around all of this. This is how I understand the situation...please feel free to correct me if I'm wrong!
So, a bunch of moron mother fuckers decided to let poor people buy houses. That's problem #1. Why on earth would you do that??? If you can't afford a freakin' house, you don't need one!! Hello McFly?! Then, the greedy jack asses thought they should bundle up these "poor people" mortgages and then sell them to investors around the world. That's problem #2. When the adjustable interest rates on these mortgages went sky high, the poor people couldn't continue to pay on something that they couldn't afford in the first place. As a result, the houses were foreclosed upon. Then, these mortgages were worth nothing. Again, I don't know how all of this works. But, even to me, a simple midget mexican momma with an English degree, this just sounds stupid. Why would you buy and sell a group of mortgages from poor people like they were commodities?? I don't get it?! That's like trying to buy and sell an I.O.U from a 5th grader. This whole idea/plan was a mistake from the beginning. Why didn't anyone run this by an intelligent person before they attempted to implement it??? Oh, wait, they did!! And, the supposed Ivy League Business geniuses thought it was a good idea! What a bunch of greedy stupid useless mother fuckers! How and why did our government let this happen in the first place?? Oh, wait, that's right...Bush prefers that politics and government stay out of big business. Well, you see where that has gotten us!
Okay, then after a few years, banks and a few brokerage firms realized they royally fucked up. So, they did what rich greedy bastards do best...they cooked the books and started borrowing money from themselves. Okay, problem #3. How in the Hell do you borrow money from yourself??? And, how come the geniuses at the SEC (Securities and Exchange Commission) didn't realize what has happening?? It's like ENRON all over again but with the stock market! I don't understand how these brilliant people let the situation get so out of hand?? Does no one care??? Does no one out there have any ethics?? I just don't get it. Now, that the banks and brokerage firms can't hide their debt anymore, and their dirty little secrets have been found out, they need help. Well, duh! I would need help, too. So, "W" has asked Congress to come up with a plan to bail out these failing entities so that the whole freakin' stock market doesn't come crashing down. And, today the bickering fuckers in Washington couldn't get their act in gear to agree on a plan. What the hell?! You know if you don't do something quick, we are all going to get screwed. And, yet these bickering bitches can't agree? Seriously, get on the same fucking planet as me and make a decision before millions, possibly billions of people all over the world are affected and loose their life savings or retirement. WHAT THE FUCK!
I just don't understand how all this could happen. The people at the top who let this happen should be persecuted. DEATH BY PUNTA for all of them.
If I understand this incorrectly, please let me know. I would like to know in detail how America fell from grace. Thanks!
Posted by Weenie at 9:49 AM