by Joseph Grant
Don’t believe the hype, as the song lyric goes. Well, do you really think that this bailout is going to help you or me or is it going to keep the status quo, well, status quo? Wall Street and the banking institutions threw a party and as we’ve all read, sent their bloated frat boys on vacations after getting drunk off the blood, sweat and tears of the average hard-working American, avariciously mortgaging us out of house and home and now they want us to refinance their orgy of greed. The party got so out of hand that it affected everyone else in our global neighborhood and many futures have been foreclosed and now the government, parental as ever, is stepping into the picture and telling old Fannie and Freddie next door that the block party is over. Meanwhile, Bernanke, Paulson and their cabal wipe the distaste of oversight and wretched excess from their mouths with clean white linen napkins but who gets stuck with the bill? There are 700 billion reasons why this swindle doesn’t wash spotless but billions more coming why we will just have to clean up this mess and go straight to bed without supper like they told us.
Joseph Grant, whose full catalog is here, is a 6S All-Star. Originally from New York City, he currently resides in Los Angeles.