Comedians’ prophesy of economic crisis


If you like British humor, you’ll like this, and be amazed by its accuracy.  The stereotype of the poor black southerner should give you pause, but none comes out looking stupider than than the financial professionals.

You need 8 minutes.

http://brasschecktv.com/page/187.html

You watch this and you realize, everyone who could have done something about this crisis saw it coming. This was not a surprise. It was a joke known to all people involved. The joke was on us.  They knew they’d get bailed out.

It makes me sick. Letters like the one below  didn’t even make them flinch. They knew they had us by the short hairs.

Sen. John McCain’s 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

McCain’s letter — signed by nineteen other senators — said that it was ‘…vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]…operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either…should fail.’

They are still pulling.

(Photo of Fannie Mae warning letter posted on http://themachoresponse.blogspot.com)

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: