Tuesday, June 24

This is hysterically funny if you take the point of view that our country is totally screwed - which I do. Not so funny if you harbor any hope of us getting out of this mess with our freedoms or our constitution intact.

A bill winding its way through the Congress, (the so-called Dodd-Shelby Bill, also known as HR3221), is supposed to help "troubled homeowners" keep their homes. The reality is that the bill will use $300 billion in taxpayer money to bail out banks that made stupid loans.

Oh, and the bill was basically written by Bank of America.
And BofA is trying to buy Countrywide, but doesn't want to be responsible for all the bad loans Countrywide wrote.
And Countrywide made an extra-special, super-duper home loan to a guy by the name of Christopher Dodd, who just happens to be the sponsor of the "Dodd-Shelby" bill.

Ain't that just a knee-slapper?

Here's the actual BofA presentation from March 11 of this year proposing what is now the Dodd-Shelby bill.

When the revolution comes, the first people up against the wall are going to be the bankers.

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