A "subprime" Crisis of Integrity and Complicity

Where can we even begin to explain the exploding economic crisis gripping our nation and the world? Perhaps the so-called "ownership society" our government has long espoused is not turning out to be such a great idea. What ever became of personal responsibility? Now the government vote-buying machines are claiming all sorts of "predatory lending" and various schemes took place.

Is it even possible the borrowers, who received these loans which are destined to be a problem, should never have qualified for loans in the first place, or maybe they chose to mislead lenders regarding their assets and repayment abilities? Now watch our government stick their pointy fingers of blame at the lenders, instead of where it belongs; aimed at the bums and losers who can't or blatantly choose not to repay their obligations.

There has always been a portion of our society who choose to make themselves irresponsible and incapable of managing their own personal finances. For those people, society has forever provided tenements, ghettos, cash-for-titles and pawn shops.

But for how many years has our government promoted and effectively financed what amount to giveaways and freebies to the burgeoning underclass, the same characters politicians made sure lenders didn't dare exclude from our economic largesse. Ahh, the political pandering never goes out of style.

Well, now the chickens are coming home to roost, so to speak, and guess who's going to be left holding the bag? A sack stuffed full of these IOU's isn't ever going to be worth much.

This "subprime" mess has scarcely begun to unfold, eventually reaching its sticky tentacles into every aspect of our economy. "The world needs ditch-diggers, too". We just don't need an entire country full of them!

Economic woes beget insolvency and eventually collapse. This is as true in the halls of the Federal Reserve as it is in our personal lives. Fed Chair Bernanke's $80 billion (of our money) attempt to curtail the Dow collapse is but a politically mandated drop in the bucket.

Bad planning is always a cancer in government, creating a multiple-choice variation of lies and corrupted revolving-door policies to delirerately obscure the inevitable truth. Watch-out ahead. The "four horsemen of the apocalypse" have quietly become a small army.