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?
Wednesday, September 17, 2008
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