Rick Santelli's rant

Well, FINALLY someone else said what I've been saying! The emporer is naked! Santelli was exercised about the bogus mortgage bail-out plan in particular, but I have a feeling he's not too proud of the whole "economic stimulus" package that our current regime forced down our throats, either!

Can anyone say "root cause analysis?" That's good; I knew that you could!

Now, does anyone in Washington know how to do one? Obviously not! If they did, they'd have come to the inescapable conclusion that their stupid community development legislation is almost wholly to blame for the so-called mortgage "crisis" and the cure, sad as it is, is to tighten credit makets and lend money to people who have demonstrated a propensity for paying their bills!

Is that what we did? NOOOOOOO!!!!!! We ran the banks into the ground by forcing them to make bad loans and then we stole money from the taxpayers to prop the whole house of cards up! NOW, if the Obama regime gets it's way (which is a foregone conclusion since the keys to the piggybank have been left with the largest legalized theft ring in the country (the Democrat-controlled US Congress!), we're going to have our money taken again to prop up the losers who borrowed the money to buy houses they never should have bought in the first place!

I say LET them lose their homes! LET the banks who loaned them money go bankrupt! LET the market right itself as it surely will if left alone long enough! There are investors out there who would LOVE to buy up those foreclosures and sell them for a profit! Meanwhile, the losers who are losing them should find apartments (which is where they probably should have been in the first place), SAVE for a home in the future, and buy another when WHEN THEY CAN AFFORD IT!!!!!!!

"Property is the fruit of labor...property is desirable...is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built." -- March 21, 1864 - Reply to New York Workingmen's Democratic Republican Association". - Abraham Lincoln