Lower Taxes on Rich
Sell Unethical Mortages to Inflate the Real Estate Bubble
When Bubble Bursts, Bail-out for Banks
(nemos great uncle)
The climactic third step. Bankers get to keep all the money they made off of selling mortgages, thanks to the bailout; middle class people are screwed because their property, their main asset, is worth less; and working people too poor to own their own homes are *really* screwed because they still have to help pay for the bailout.
And the rich share less of the burden _ see step one.
Genius, I say, pure genius.
Food for thought.
Wednesday, February 27, 2008