As best I can tell, the tea party movement is angry about out-of-control government intrusion into people's lives.
Apparently, they're not aware of the following factoid:
There were $390 billion in new mortgage origination's in the last quarter of 2009. Excluding home equity lines, Fannie Mae, Freddie Mac, the FHA, and the VA stood behind up to 95% of those mortgages.
"Anyone who looks at the numbers says, 'My God, look what it's come to,'" said Guy Cecala, publisher of Inside Mortgage Finance.
--"Paul Volcker Says Mortgage Market Will 'Have to be Reconstructed"; The Huffington Post (2/19/2010)
The predicament reminds me of a scene from Annie Hall, an early Woodie Allen movie.
A woman is lamenting to a friend that her uncle thinks he's a chicken.
"Send him to a shrink," the friend advises.
"We can't," the niece replies. "We need the eggs."
Posts
No comments:
Post a Comment