Wednesday, May 28, 2008
The Old Fart gets his economic advice
From a lobbyist and not just any lobbyist, but one who is also Vice Chairman of one of the biggest players in the current mortgage fiasco, Phil Gramm. And his company, UBS would ultimately be better served by householders being totally fucked over than if the government were to provide any aid to those in distress. As some may remember, Phill was also a major factor in removing safeguards to the unchecked greed and avarice that led to the current fiasco. No wonder the Old Fart told homeowners it was their tough luck if they were in trouble with their mortgage.
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