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All I heard for the past few months was that poor folks couldn't afford houses and it was all their fault and that they would just have to suck it up and lose their houses. But now since Wall Street is fucking folding, now the government wants to come in and write a trillion dollar check to save it. What about the folks who lost their homes? Where was the help to keep these people in their HOMES? If some kind of program was started earlier to help these people stay in their homes by re-working these crazy ass mortgages the government allowed and even encouraged these lenders to make, then perhaps a lot of this could have been avoided. I've read stories about banks just getting over on people like fat cats. They targeted people, lied to people, falsified records, and basically took advantage of a lack of regulation. Then they sold off these mortgages knowing that the rates would reset, unbeknownest to the real victims: the homeowners, and the hold fucking pyramid scheme would fall. Why aren't these folks in prison right now?
Then you had the short selling. A LOT of this problem is directly tied to the fraudulent short selling. It has panicked the market and spurred this sort of run on Wall Street. They should go to prison.
I don't feel good about the trillion dollar bail out. It's total bullshit because all of this could have been prevented. And I don't want poor folks blamed for this shit. These same people weren't complaining about poor people when shit was going great on Wall Street! They weren't complaining when they were getting ridiculous amounts of pay or when the stock in these companies were skyrocketing!
This is ridiculous!
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