tag:blogger.com,1999:blog-8475986.post2513304628338863317..comments2024-03-21T05:29:07.463-04:00Comments on THE ASTUTE BLOGGERS: MORE PROOF WE'RE GETTING SCREWED BY THE POLITICIANS AND THEIR PALS VIA THE MORTGAGE CRISIS THE BANK BAILOUTS!Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8475986.post-28241929685738004192009-03-04T00:10:00.000-05:002009-03-04T00:10:00.000-05:00People who get rich are all about finding more and...People who get rich are all about finding more and better and alternative ways to get and/or stay rich, and they never stop thinking about it. If getting richer means taking a cut of a government-run program, so be it. If it means working around the edges of what's allowed by a law that was poorly crafted by legislators having no clue about how business gets done, no problem. These ex-Countrywide guys are all over it.<BR/><BR/>This is just story #1 in what will be a book someday, the title of which might be:<BR/><BR/>"How the SuperWealthy Made Themselves a Bundle Thanks to the Stimulus Program -- While the Country Went Over a Cliff"<BR/><BR/>OR, hopefully,<BR/><BR/>"How Raking in Money from the Stimulus Bonanza Worked --- To the Benefit of Joe Sixpack AND the SuperWealthy"<BR/><BR/>------------------------------<BR/><BR/>I imagine a conversation going on in a dimly lit restaurant out in East Armpit, Nevada --- something like this:<BR/><BR/>Big Cheese Contractor Guy: "Look, if you will do two things: (1) make sure I get that $65 million contract and then (2) don't look too closely at the workforce I put together and bring up from Mexico to do the work --- just those 2 things --- I will not forget you when the money starts flowing to my bottom line. Think 6-figures. "<BR/><BR/>Shiny Blue Suit County Executive: "You know, of course, that this conversation never took place, all right? That said, I have a bank account for my kids' college savings fund. If money were to show up in there, ostensibly via my wealthy second cousin, Edward Slimeball III, I don't think anyone would ever question that. Edward would probably sell some gold coins for the record, in exactly the amount of the deposit, and whatever money he found in a FedEx envelope addressed to him should be cash --- no checks."<BR/><BR/>Oh yeah ... that's getting teed up already. It's what happens when money goes through politicians. And those people get reelected, too, after they play Godfather in their corner of he world. So we build in a quasi-permanent cadre of politicians when we let them dole out OUR money in ways that serve their own interests.Terry Otthttps://www.blogger.com/profile/09820634027576151546noreply@blogger.com