Friday, December 21, 2007

Dickens, Capra, Griffiths & Crisis in subprime mortgages

T'is the season to be jolly...ho, ho, ho...but there is little for those in debt or having no work or are in fear of being thrown out of home and hearth for being behind in mortgage payments. Dickens' Scrooge shed off the weights and chains of his hard heart and in the end became a charitable man. Not Mr. Potts in Capra's 'It's a wonderful life'...he smashed his fist on the table shouting 'foreclose!' Alas we have today no George Bailey nor his guardian angel Clarence to fight the rising tide of endebtedness and the loss of one's home...But we do have a rotten ruling class who would fit in well in D.W. Griffiths' 'Greed'.
Parts of America are already in recession, whose howling packs of wolves baying at the rest of the these mighty 50 states. Yet, the parasitic masters of the USA go on singing and dancing and laughing as though nothing is happening. Or if there are a few who do, they cannot stem the tides of indifference and the utter disregard of the wealthy whose household income have more than doubled since mini mouse Bush & co. took off, commanding an army of Republicans of lapdogs who snapped to the commands of their masters. These parasites are cut off from the everyday plight of the ordinary taxpayer; they think of nothing but privileges which they call 'rights' of the plutocracy to which they proudly belong. They will sell their dark souls to keep them, one way or the other. And this one can see in the mortgage mess that the toilet bowl attendant Alan Greenspan and his charwoman successor Bernanke tilt the country's monetary policy towards the rich. The mortgage and investment banking mafia are whithering a storm which is saping their strength and out of greed for a quick return on a dollar, they have preverted the dreams of the poor for a house by binding everyone to usurious terms which would bleed the hardworking poor whiter than a dead cod fish. And so to stay afloat America as a leader in financial markets are selling itself off at the auction block to foreigner capital. A weaker dollar and pressure from China, Singapore, Arab money will have its toll and turn these scum bags of capital into servants which they happily with bow and scrape to new masters as long as the jaded lifestyle they have remains...But as for the rest of us...tough nuggies as they say in American slang...fend for yourselves...the Titanic of the banking world has hit the iceberg, sauve qui peut! and let the cadavers of greed fill the lifeboats...A pox on their houses!

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