Should We Laugh Or Cry?

So it looks as though many Americans will now be writing their mortgage checks payable to the United States Treasury.

This is where dichotomy meets irony.

President Bush announced earlier today that the government is coming to the mortgage meltdown rescue and will alleviate Fannie/Freddy books of sub prime mortgages.

Subprime is a fancy word for predatory, unethical and corrupt lending.

I'm all for less government, however when deregulation leads to unchecked corruption on Wall Street that uses smoke-and-mirrors to artificially inflate a key sector of our countries economic backbone, even David Copperfield couldn't get us out of this pickle.

Because it's not an illusion.

Shameful results of inept leadership; from the White House to Capital Hill, out the door to Wall Street and approved for distribution by the mortgage giants. With a wink and a nod, bankers sold individual homeowners on the "white lies" of stated income mortgage applications that inflated earnings of the applicant in order to be approved.

Compromised integrity from the top on down. Crap flows downhill, so accountability must start at the top.

Now, the cowboy at the top has issued a desperate call for a government rescue.

The very government with the same players that allowed it all to happen in the first place.