by Manson

Created on: September 19, 2008   Last Updated: October 21, 2008

Disarming America one bank at a time

Is it any wonder we've reach this point where a few deceitfully charged minds, running amuck, have underwritten our financial fate into a corner of distressed securities? The current administration is busy scripting a perpetual search on terrorists yielding WMD's, while simultaneously encouraging wall street's genius to bet against their own misplaced acronyms.

Offering an array of alternative weapons of mortgage destruction these "suits" poison the betting pools for their qualified investors who always remain eager to short sell our futures. At closing time and up to their necks in dysfunctional arms- hell bent on triggering a spontaneous financial implosion- these masterminds of terrifying derivatives, come crawling one by one to the federal bailout window.

Blinded by the endless layers of gilded transparency, and sorting through the daily menu of tasty acronyms, the feds trip the green light and the machine's appetite for more risk. Swapping instruments, they leave the window to play the same ole song and dance. Hedging the working class with performance fees, high water marks, and a variety of systematic macro tags ending in "insufficient funds."

What did we expect when they toss our money, along with some well placed tags, into a bag of really smart software and hit the subtract key? Did we really think we stood a chance against a billion gigabytes of macro arbitrage and eight years of deregulations? While we were out chasing the boogey man in the desert, these wizards of financial manipulation spent a great deal of time stacking the deck.

And rest assured that nothing has changed. Wall street is just as hungry and corrupt as it was yesterday and the day before. Sub prime is a very profitable business for those in the right lineup. Unfortunately, we picked the wrong number and it's spelled: r-e-d. Never fear, the current administration has tweaked the option/arms and the water is just fine for those that wish to swim in these lucrative pools. The hybrids or IO's (interest only) are less toxic this time around, so in five years when we lose our homes at the reset, the investors will be ok.

With new and exciting legislation passing through congress, along with the government take over of Fannie Mae and Freddy Mac, these little IED's (internal exploding device) are now backed by the good faith and credit of the United States of America. Of course that means only the investors are secured. You still lose your home, your 401k, and most likely your job. But hey, we have to start somewhere and why not work from the top down?
After all trickle down theory helped get us into this situation. Hey, what's that ticking sound I hear..........?

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