....the fruits of decades of conning Americans to invest in low returning housing assets rather than in higher yielding financial assets. Mike Milken of testicular cancer fame, describes just how our unholy Federal stupor-state has destroyed wealth, ruined communities and almost destroyed the nation's economy in the '08-'09 disaster.
And the great news is that since '08 the Federal government has succeeded in monopolizing mortgage finance and intensifying the incentives to invest in this low yielding sector. The relentless expansion of truly destructive, brain dead Federal Corporatism grinds on regardless of how much pain and cruelty they cause. Whether its the NSA, DEA, FBI, EPA, the FED or Fannie and Freddie, the unaccountable corporate behemoths of the stupor-state march on to their own drummers while Congress shrieks like monkeys, the courts spin around and around in increasingly politicized gyres of circular decisions and the President works on his short game.
Read it, it is worth the gander and after you do, say a prayer that God help us every one. Because our glorious Federales sure as hell won't.
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