Bush wants OK to spend $700B

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Let me tell you a story about american corporate greed.

Long ago , the Law Makers of America decided that the good people of that country should get mortgages one and all ,and if the banks wouldn't give them one , then the American Government felt it was their duty to back those mortgages and guarentee repayment. Then everyone could own their own houses.

The Banks and mortgage companies looked at this scheme, and saw a chance for extra profit. They would give highly reduced rates of interest for the first two years that anyone could pay, then much higher rates later on that would effectively force the place into bankruptcy. Because if it went bankrupt, the government would pay every penny they were owed , but if it didn't, the people would only pay a pittence in mortgage payments that was hardly worth the trouble. The fact that they were cheating the people out of their homes that the government was giving them meant not a witt to the corporate culture Pigs.

And so time passed. And the two years ran out. And many many MANY mortgages were sold and came due. And all the Mortgage companies and Banks went running to the government saying "It's time for you to pay up now , as you promised."

And now the government is on the hook for 700 Billion dollars.

But no one has any houses to live in.

And they can't afford to buy any Canadian Hockey Skates, or Chinese Silk Scarfs , or eat in fine restaurants anymore. So anyone who's selling anything to the USA suddenly is watching their prime customers suddenly stop buying everything. And so this affects the whole wide world , and not just the Americans.

But some corporate pigs are very rich now.

They would have done better to put the money into a pile and just burned it as heating fuel.

And that is the story of American Capitalism at it's Finest.