June 15, 2011


On the government's role in the subprime loan fiasco.

It was a giant scam, rooted in, on the surface, "social justice", "fairness", "everybody should have a home". The American Dream. And underneath the surface, it was get-rich-quick for people that worked at Fannie Mae, to an extent Freddie Mac, and people that worked on Wall Street... these people walking in, to get a loan... wouldn't have walked in the door in the first place if the government hadn't wanted them in there. Remember the government was demanding that lending institutions loan money to people who were not qualified... the government wanted people in there borrowing money, and they didn't care if they lied (on the loan applications).

June 17, 2011


On the relationship between the rich, the middle class, and the poor.

Somebody who is rich is not hurting somebody who is poor. Or middle class... A rich person is not hurting anybody. You take all the money away from the rich, where do the people who work for them go? What happens to them? Somebody who's rich is not hurting anybody who's poor, or middle class. Some politician (or) government bureaucrat can destroy your job. Somebody in government can destroy your profession, regulate your profession out of existence. Somebody in government can take your assets, or drive up your costs and prices and do more harm to you than any other person or people. And we look at them as the great equalizers?