Thursday, February 9, 2017

Fortieth Day


The other day (and over the course of several days), I watched The Big Short.  I was reminded of Credit Default Swaps, and CDO's and bundling mortgages.  This was the story of our mortgage crash as told from the eyes of the investors who profited.  
It was sorta interesting.  I didn't feel invested in any of the people so for that reason, it wasn't all that compelling.  But, it did bring to mind all the crap the banks and government people and marketing people and investment people did to really eff with the people of America who didn't realize what was going on. 
Really a sad day for our government.  
I wonder how many 'victims' of this crash voted for Trump?  
Those are the people we need to educate.  Honestly.  
They were taken in by the government marketing campaign that everyone should own a home and they trusted the bankers who gave them too good to be true loans.  Now, they're trusting Trump to save them from the horrible government they think did them wrong.
I am curious how much of an overlap there is in those two populatiions:  people who took loans they knew they couldn't afford, and people who voted for Trump.  
I'm not suggesting that those are the people who are especially at fault for the state of things - the bankers and investors had intention to use people's trust in them to make money for themselves and screw everybody else.  That's despicable.  
But, they are the people we can talk to.  Explain.  They aren't stupid - they just haven't been told the story in a way that makes sense to them.
Or - they lack impulse control and have no control over their emotions. That's another possibility.

In any event - the movie brought back some memories of learning about the mortgage crisis.  If I cared enough, I'd link back to posts I'm sure I made in 2008 or 2009 about this.

***

And in other news...the 9th Circuit Court of Appeals did not overturn the stay of Donald Trump's Executive Order by a vote of 3-0.  Yay!  I think people were predicting a 2-1 vote against, but this is much better - unanimous.  Yay...:)

Donald Trump should just rewrite his Executive Order.  It was sloppy and not narrow enough.  And, he's made a point to talk about a Muslim  Ban so no one will believe anything he says about this issue.  He made his own  mess.  Idiot.



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