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Nick Polimeni

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    • 20 May 09
    • 1:29 am

    Scorp: People who can’t pay their mortgages are insidiously chastised as derelicts and low lives. The economic reality is that if the nation can produce the wealth, the financial community is responsible for the necessary monetization to get the wealth distributed. But no!!! There’s some spurious, pseudo-morality that says, better bulldoze the houses down, than make them available at a lower price to the people. The financial community can scapegoat those who are down and out and can’t be heard. The financial community owns the president, the congress, and almost all regulators, who removed the rules of the game so we …

    Posted to The Only Road Out of Crisis
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