The US Government. The government now owns the two companies that own or guarantee over 1/2 of all US mortgages and, as of today, a 79.9% equity stake in the largest insurer of mortgage transactions.
If this is not proof that the rich own this country... then I really don't know what else to say. I guess its ok to take unreasonable risks, when the results work favorably; but when it all goes to shit, these fat cats cry for the government. And the government bails them out, spanks their bottoms, gives them a lollipop (in the form of huge severance), and sends them on their way. What a bunch of babies.
So... its ok that the US government own and run these companies, but its not ok that the US government provide nationalized health insurance?
Mike’s Blog Round-Up
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