How Could YOU Do It To Our Kids...
What you sheep don't understand is that really practically nothing "QUALIFIES" for a loan anymore...
Based on historicial and fundemental metrixes.....essentially nobody should be getting credit.
The PROBLEM arises when only a few get credit, and those few are getting credit not based on merit, but by the whim and fancy of Wall Street and Washington.
Why does an insolvent Wall Street bank or company get credit for free and not a local bank or business?
Why have most of the private homebuilders gone bankrupt yet most of the public ones remain?
Basically, there is NO demcracy or freedom in a system like this......we have essentially become the slaves of Wall Street and Washington. If Wall Street chooses to give your city credit, it flourishes, if not, it dies.
It is a shame...we were once a great nation with a rich history. We were created on the priciples of freedom. Our identity was wrapped around freedom. But most of you simply didn't care that your freedoms were taken away....as long as there was a ticker to look at and you perceived you were insulated from the metamorphosis.
Osama Bin Laden only dreams about the power Ben Bin Bernanke has over you...and his ability to take away your freedoms. By giving unilateral authority to one to determine who gets credit and who doesn't, there is no freedom. Without freedom, there is nothing. There is no foundation. Your perceived wealth is illusory simply ripe for the picking whenever your politicians or bankers want to take it.
There is no democracy anymore in America...we have simily evolved into a society who exists at the whim of Wall Street and Washington to determine who gets credit and who doesn't. Tesla gets credit, GM doesn't....UNTIL after all GMs shareholders and bondholders are wiped out?
The questions going forward are not which company is better....it is which company survives, and which doesn't. Which pension fund gets saved and which doesn't. Which city is supported and which is not....which family gets thrown out on the streets and which doesn't.
That is the analysis we should be doing on Motley Fool........who are the "chosen ones" and who are not.....as Wall Street bankers bask in bonuses after getting credit.....and main street banks shut down.
We were too lazy to think. Too scared to act. And now our children have nothing.....we gave up our freedom to succeed and fail.....THE MOST IMPORTANT FREEDOM OF ALL.....and without freedom, our children have nothing.
Now let's see who Wall Street and Washington choose to give credit and who they choose to die.
The choices is theirs.....not yours anymore.....and you just didin't care.......and now our kids have no choice.