Mortgages once again

After sitting on his hands Herr Bush is sweating mildly at the news of the accelerated pace of foreclosures in 2008. Blaming the victim, the poor owner whom Herr Bush's friends in the financial community roped into building homes beyond their means, Herr Bush and his mossback Republicans in the houses of Congress have done their worst to forestall the looming crisis. Fannie Mae and Freddie Mac are in deep dodo themselves, mismanaged by Herr Bush's appointees. Herr Bush believes in letting his venal friends feast off the body public and bleed it dry. Well the chickens are coming home to roost, as the economy proves Warren Buffet wrong, it has not turned the corner on the subprime ponzi scheme fallout, the depth of which is like the proverbial abyss...unknown. Today BlackRock is buying up at a discount UBS mortgages and will recycle them as Goldman Sachs and Merrill Lynch have as junk bonds, unback, but at a 7,9 or high rate of return. And Herr Bush and his scum are trying to buy time so that whoever becomes president in 2009 will have to deal with the problem and the war and rampant inflation and unemployment and and and and...Yes, Herr Bush has accomplished a mission by running the US into the ground physically, financially, and morally.