Subprime Meltdown

There is no way that a series of events like this can take place and someone intelligent not notice. Americans are kidding themselves if they think the ruling class is interested in any concept close to fair.

Every citizen should expect to be taken advantage of at the point of any major purchase. The cards are stacked against them. It is likely that the meltdown emergent result of unethical nature of the players and we should expect lawmakers to make some changes.

To start, ARM mortgages should be illegal to first time home buyers and for anyone with a net worth under one million dollars. Negative amortization should be illegal for the same group.

For any happening like this it is scary to think that it was done on purpose. This is the worst case scenario for the relationship between the ruling class and working citizens.

If nothing is done to protect the economic system from trillion dollar losses such as this, we can expect American freedom to continually diminish. There will be a point where a new type of enslavement will come to pass.

See the 60 minutes video