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Blame the Victim Rules the Subprime Debacle   "Anyone get the impression as I do that the scene is being set for placing the blame for the economic crisis on those hapless people who were so inconsiderate as to put everyone at risk by actually taking advantage of what they saw as the opportunity to get their piece of the pie? Yes folks, order discount dostinex online the reason the wheels of high finance are now gumming up is you or your neighbours utter selfishness in wanting a decent roof over the heads of your families. Order discount dostinex online How thoughtless and unpatriotic of you to throw caution to the wind. Max Wolff notes the mindlessness that has become a feature of commentary on the financial crisis where mouthing "subprime" a sufficient number of times seems to absolve anyone from actual analysis. Order discount dostinex online The following from Credit Backwash August 21, order discount dostinex online 2007 "Every day we watch people blame sub-prime. Order discount dostinex online Sub-prime is neither contained nor, order discount dostinex online is it the essence of present trouble. Order discount dostinex online Discussing sub-prime as the cause of asset re-pricing has become ubiquitous. Order discount dostinex online I would liken this line of explanation to the way that American urban violence is often discussed as "gang related" or "drug related". Order discount dostinex online In short, order discount dostinex online it is a lazy catch all employed to avoid scratching below the surface. Order discount dostinex online ..." The truth is it seems that it's not only in the housing mortgage sector that 'liar loans' have been the fashion. "A huge credit bubble exists and extends far beyond sub prime mortgage distress. Order discount dostinex online The global bubble is enormous and has many sub-component bubblettes. Order discount dostinex online The internationalization, order discount dostinex online integration and expansion of finance extended and distributed the effects of overly cheap and easy credit. Order discount dostinex online (snip) This industry swelled as trillions of dollars in mortgages were written over the past few years. Order discount dostinex online Every obstacle to further lending was innovated around to allow profits to continue to flow. Order discount dostinex online The risks of all this lending were less pressing as mortgages loans were made to be sold- not held. Order discount dostinex online All the available credit bid up house prices and led to the false conclusion that houses were always safe, order discount dostinex online appreciating assets. Order discount dostinex online Questionable loans and sub-prime mortgages were sold and reconfigured into AAA rated product. Order discount dostinex online Risk vanished from consideration and discussion. Order discount dostinex online Transformed mortgages became credit vehicles and were sold all over the world. Order discount dostinex online Part of the mad dash now involves finding these hidden gems hiding on books and ascertaining their real value." Meanwhile over at the Pundit's Blog Brent Budowsky tells it to America straight: Gilded Age Crime: Poor Go Homeless, order discount dostinex online Wealthy Get Bailouts "Is it right that the new racket on Wall Street is that banks make bad loans, order discount dostinex online sell them to hedge funds and private equity firms, order discount dostinex online many of whom are virtually unregulated and untaxed, order discount dostinex online who then complain about their pain after they foreclose on average Americans for falling a little behind their payments? It is good that today the Fed cut the prime by 50 points, order discount dostinex online but it is bad, order discount dostinex online and terribly wrong and unjust, order discount dostinex online that in the last week the Fed has essentially used Americans' money to bail out the wealthy who made the profits, order discount dostinex online while doing zero for the foreclosed and homeless. When the banks, order discount dostinex online hedge funds and private equity firms make bad deals, order discount dostinex online they keep the personal profits, order discount dostinex online while the corporate profits are protected by bailouts. Order discount dostinex online Meanwhile, order discount dostinex online when the average Americans in the middle class, order discount dostinex online or the poor, order discount dostinex online fall a little behind, order discount dostinex online they get the boot, order discount dostinex online they lose their jobs, order discount dostinex online they are thrown into the street without homes and often without food." And don't ya just love the reasoning on RESPONSIBILITY that goes with the line of argument that runs, order discount dostinex online subprime borrowers who made bad decisions based on insufficient knowledge of what they were getting into should BE HELD RESPONSIBLE for those decisions even if this means losing their homes. Order discount dostinex online Who cares if they're on the streets since that won't affect the economy. Order discount dostinex online All they do is produce products services. Order discount dostinex online But investors who made bad decisions based on insufficient knowledge of the real values of their investments should .... Order discount dostinex online NOT BE HELD RESPONSIBLE for their decisions and should be bailed out by the taxpayer. Order discount dostinex online They must at all costs be protected from losses. Order discount dostinex online Their coupon clipping and 'premia' are essential to the economy. I think this is known as one law for the rich and another for the poor." D.D.Grant is a summa cum laude graduate in Philosophy and Economics, order discount dostinex online my career has spanned the Insurance and Real Estate industries and latterly, order discount dostinex online the IT industry in the financial transaction software sector. Order discount dostinex online Currently I continue to pursue my interests in Economic Theory and its history, order discount dostinex online whilst working on a book on the Theory of Money in which I hope to yield up all its secrets. More at: http://home-foreclosures.blogspot.com/2007/08/blame-victim-rules-subprime-debacle.html