#10 -Do you want someone else to pay your bills?

A “Loss” means a “Loss” to you; but also, to someone else!

No matter what type of program (a “bailout”, a “Boondoggle”); you can attempt to, but you cannot eliminate, a “Loss” to someone else.
That “someone else” has got to be a part of the “Loss”…. (be it a bank. some agency). Someone who created the “paper” asset that claimed to back up the arrangement. It has to be a “Loss” to someone!
All this fancy talk about the successful way to eliminate “the bad loans” is just some more “talk”!
It cannot be done! …..Who’se gonna’ take the “Loss”? ….That’s what we oughta’ be talking about.

Eliminate a “Loss”? …..That’s a time waster!

If it’s the Banks, who initiated the loans, then how much are they willing to “Lose” to drop the original loan amount? How much are they willing to pay for the now depreciated loan?
If it’s the broker, when he can be found, what paper work is there to say whether the borrower can pay back the loan?
If it’s one of the loans that were packaged, who can say whether the amount paid for the packaged loan was sufficient to pay off the loan. The next to last owner of the packaged loans was to perform “due diligence” on the new owner of the package to see whether he was “responsible”.…

Someone, in this line, must take a “Loss”.
They can’t expect the person who has lived by the rules, paid his mortgage, to pay an additional amount to pay off the responsibility of someone else. It is this open question that makes the general public so disgusted.


Yeh, but what about all these efforts to pass a bill (stimulus, a bail out package, etc….)?
These efforts are a fraud to distract the general public that there is a way out without someone taking a “Loss”.
If the Government forms a “bad bank” for the next 20 years. all the loans that have not been paid are a direct “Loss” to the government. If the Government loans money to a bank at low interest up clear up a banks balance sheet, the Government “losses” money in the world market because of the low interest…. It’s a “Loss”!

“Someone else” has got to be a part of the “Loss”!

Can’t we charge someone with fraud?


P.S. (It wasn’t until we forgot to pay now, for what we wanted now, that all this trouble began.(but there was an increase in business! Without regulation and proper oversight, was the increase worth it?)



Bill T ….. (P.S. - Lessons to live by.)
It’s always a question of “definition”. What are we really talking about?
Do you really “understand” what we are talking about?
Are you looking for another debate or to learn something new?

#09 – “Distraction vs. Hopelessness”

America “today” needs “hopefulness”. ….After all, didn’t the immigrants feel “hopeful”. “The streets were paved with gold”! ……America was a source for hope!

The “hopelessness” that today pervades America is brought on by feelings:
a - Our government is against us!
b – Our government is stupid, inept, lacks conviction, just wants votes!
c – The use of “distraction” (by the media T.V., and “pundits’) with such words as “stimulus”, “buy outs”, “social engineering, etc.
d – The “Government” should provide us with everything! …our money, our jobs, our opportunities!

Is it any wonder, that with a “lineup” like that, that America today feels “hopeless”?

If the average person feels betrayed, is it any wonder that the feelings against the government are what they are today?
Does it not follow that the government is stupid, “distracted by political infighting”, fighting each other for the “votes”?

Why, then, should the public want to rely on the Government for “handouts”? (opportunities, jobs, etc.)
Why, then, should the public expect solutions to the current financial situation? (stimulus package, buy out package, “bad” bank, etc.)

We are in a “change”! No longer is age a factor, or experience that comes from living on the planet longer. No, we are in a “youth culture”!

Age is supposed to cover everything! …from “the worship of words” to the “coronation” of a world, supposed, leader.

Also, we are in a “change” as far as ethnicity goes. No longer is “white” a national color, but we have “browns”, of various shades, by immigration and by law. Discrimination is a thing of the past. We encourage ethnic diversity!

Yes! We are in a “changing environment”. The “good” of history; the decisions that made us the greatest nation in the world; are all forgotten in the “newest generation”! The “choices made” have been disregarded! I guess we’ll have to learn from history again. (if that’s possible….)

Is it any wonder, that America today feels “hopeless”?

Where oh where does this new generation get its information? …….
Unfortunately from T.V., the “pundits, and from their electronic devices (the info of which does not even stand the scrutiny of secondary sources…)

No wonder that this new generation remains ignorant of history!
For the new generation believes that the Constitution is an “old” document that needs upgrading for the “new society”. At least, that’s what the new President says. The debates, the decisions of “old”, despite the progress this Nation has achieved, was all because of the Constitution was revered and as respected as it was.

Is it any wonder, that America today feels “hopeless”?

#08 - Is a man with a law degree, common sense, for gab” make a “Good LEADER”?

Is a man a “Good Leader” unless he posses a rare gift of a philosophy of sorts?

If he believes everyone in the world should have the same opportunities, the same standards of living that every one else has, shouldn’t you know? Suppose there are differences? Wouldn’t it be wise to find those differences out before he was elected “Leader”?

Who were his friends? Where did he get his philosophy? What does he truly believe?

Were you overcome by his “gift of gab”?

Do you now believe any president or his administration would make any National policy without many meetings and points of view? (as with the Bush administration)

Is an indictment of the “Administration” any different than “My Team”?
“My team” will create a 200 million man employment scheme?... or an end to the present financial demise? (etc.,etc.)

Have we elected a man who is changing his mind? (and for once, gaining a philosophy?)

Do we have the time now to wait?

Is a man’s common sense enough?
Is a man’s “gift of gab” enough?
Without a philosophy that we understand, have we elected someone to “Lead”?

What have we done?