we all created this situation together.
we decided that giving houses to people was a very lucrative business, and expanded it beyond what anyone's imagination was to people who couldnt even pay for their first mortgage, was the right policy to make in an economy where there were lots of income inequalities, and people were upset that they couldnt keep up with the 4scores.
so what do you do. give them the american dream. goive them a house instead of an education which was the core issue?
we really stopped educating people in this country in the 1970s.
dont give me that crap about people with more social degrees and political science degrees.
the world kept on going. educational attainment in this country kept on going and now exceeded hours and is continuing. the margins are growing.
since we've moved into the information age, we decide that we're done.
we dont need to be that educated anymore.
in this country, we are spending an average of 15,000 a year in public schools, letting people hang there for 10 years. they come out the other end with $150,000 in public funds spent on each of them and, basically, they are unfit for any job. people look around and ask, "what did i just spend my money on?"
the reason we dont look around is because we dont get a direct bill.
we dont have the best health care in the world but do have the most expensive health care, by far. it's a whole lie. that's despicable.
the system itself is broken.
that's unfortunate and i'm angry as i can be. we, in this country, are no longer increasing in longevity.
every bill congress passes is 2500 pages. this trend stated with bush 1.
consumer deregulation and empowering consumers with credit was during the reagan era.
this new finreg bill is nothing more than a full employment bill for lawyers and consultants.
the reality is that we have complex problems and dont really understand the core of the problem, constantly offering solutions to problems before they are understood.
prople doing the regulatory reform have someone sitting on their lap shoving money in their pockets, along with doing other personal favors, while these laws are being written.
it would be nice if they actually spent time with people who understood
and thought about these problems, rather than greasers.
paul volcker talked to the senate financial reform panel one day recently and told them what they needed to do, and that was to tell the lobbyists no.
both signs of the aisle became pale as ghosts. they were all guilty.
the crooked countrywide had made well below market rreal estate loans to 40 members of congress.
all of us are part of the problem. most of us benefitted from these real estate deals. the collateral has been fulled the collateral from these houses and a quarter of us are underwater.
a friend was going through a divorce recently, and the divorce judge suggest that she go into foreclosure. what collateral damge does that do to her neighborhood, and neighbors? that was advised by the divorce judge.
no one cares about the person around them anymore, maybe unless they are getting paid to.
we are an adolescent country(not very old). to me, our nation is acting like a 14 year old, especially at managing money.
our nation may not end up in mansfield memorial park like my friend in the above picture, but the funeral procession has already started.
we decided that giving houses to people was a very lucrative business, and expanded it beyond what anyone's imagination was to people who couldnt even pay for their first mortgage, was the right policy to make in an economy where there were lots of income inequalities, and people were upset that they couldnt keep up with the 4scores.
so what do you do. give them the american dream. goive them a house instead of an education which was the core issue?
we really stopped educating people in this country in the 1970s.
dont give me that crap about people with more social degrees and political science degrees.
the world kept on going. educational attainment in this country kept on going and now exceeded hours and is continuing. the margins are growing.
since we've moved into the information age, we decide that we're done.
we dont need to be that educated anymore.
in this country, we are spending an average of 15,000 a year in public schools, letting people hang there for 10 years. they come out the other end with $150,000 in public funds spent on each of them and, basically, they are unfit for any job. people look around and ask, "what did i just spend my money on?"
the reason we dont look around is because we dont get a direct bill.
we dont have the best health care in the world but do have the most expensive health care, by far. it's a whole lie. that's despicable.
the system itself is broken.
that's unfortunate and i'm angry as i can be. we, in this country, are no longer increasing in longevity.
every bill congress passes is 2500 pages. this trend stated with bush 1.
consumer deregulation and empowering consumers with credit was during the reagan era.
this new finreg bill is nothing more than a full employment bill for lawyers and consultants.
the reality is that we have complex problems and dont really understand the core of the problem, constantly offering solutions to problems before they are understood.
prople doing the regulatory reform have someone sitting on their lap shoving money in their pockets, along with doing other personal favors, while these laws are being written.
it would be nice if they actually spent time with people who understood
and thought about these problems, rather than greasers.
paul volcker talked to the senate financial reform panel one day recently and told them what they needed to do, and that was to tell the lobbyists no.
both signs of the aisle became pale as ghosts. they were all guilty.
the crooked countrywide had made well below market rreal estate loans to 40 members of congress.
all of us are part of the problem. most of us benefitted from these real estate deals. the collateral has been fulled the collateral from these houses and a quarter of us are underwater.
a friend was going through a divorce recently, and the divorce judge suggest that she go into foreclosure. what collateral damge does that do to her neighborhood, and neighbors? that was advised by the divorce judge.
no one cares about the person around them anymore, maybe unless they are getting paid to.
we are an adolescent country(not very old). to me, our nation is acting like a 14 year old, especially at managing money.
our nation may not end up in mansfield memorial park like my friend in the above picture, but the funeral procession has already started.
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