my fucking Gawd... I may be one of the few to actually muddle through this DRECK. Wow! The WSJ actually printed this?
The delusional dimwit blames, first and foremost, the borrowers for the mess:
The path to 50% wealth reductions and the death of Wall Street was paved with good intentions, notably the notion that all should own a house, even if that required giving away the house to untutored borrowers with low-to-no-interest loans.
GOOD INTENTIONS??? ROFLMAO!
I'm thinking this has to be a paradoy piece or something, it cannot be for real.
Here, enjoy the concluding paragraphs:
It has been my view that the steady secularizing and insistent effort at dereligioning America has been dangerous. That danger flashed red in the fall into subprime personal behavior by borrowers and bankers, who after all are just people. Northerners and atheists who vilify Southern evangelicals are throwing out nurturers of useful virtue with the bathwater of obnoxious political opinions.
The point for a healthy society of commerce and politics is not that religion saves, but that it keeps most of the players inside the chalk lines. We are erasing the chalk lines.
Congress is just as much to blame for the debacle... as is the rest of his administration, among other people...
#29 | Posted by k8blujay at 2008-12-01 05:01 PM
This would sort of be true it Congress had been the ones manipulating the intelligence. See post #6 above.