@cicerone imposter,
Quote:Something is going to burst.
in a sense they already have.....the great recession was caused by the financial system blowing up, as no one was willing to trust that the other guy had both the ability and the willingness to honor a deal, so the system froze up. If it is found that the secularization of mortgages was not done legally because the paperwork was never legal, and all of those deals are not transparent because the legal system is going to have to unwind them which will take years, then we will be in another round of nobody being able to trust the other guy because nobody will know how the balance sheets are going to turn out. As it is because the banks failed to do their jobs correctly a lot of property is in limbo, property that needs to get foreclosed and sold so that we can finally turn the corner on the real estate deflation.
Obama's number one job was to get a new financial system in place, something that people could believe in. He did not hardly even try.
Obama's second job was to protect the well being of Americans during this transition by supplying stop gap jobs to the most in danger families. He spent a lot of money on programs that he claimed were about this job, but in reality he barely tried.
And today Obama runs around proclaiming that he has a communication problem with the american people. Bull ****....he has a priorities problem, a values problem, a competence problem.