your boy alan greenspan does the best that he can to walk away from this mess with clean hands he cut interest rates to the floor and shit supporting the lending of sub prime mortgages to people far too poor to afford the shit yeah on the surface sure it seems great giving poor folks a road into real estate but don t get comfortable wait the payments start to rise its adjustable rate lenders flip em like they re hustlin weight sell the debt from your apartment on foreign markets the predatory mortgage started without the hint of a down payment flippin it sounds dangerous and greedy investors flippin promissory notes on the hopes of future interest when the borrower is broke this was the housing bubble now hundreds of thousands struggle to fight foreclosure and moreover the big banks take a spanking they came from caked up to bankrupt tanking institutions the world s banks depend on gone like the companies worldcomm and enron now here comes the crazy part the feds starts to bail em out days apart instead of folding em and scolding em the us government bank takes control of em the same folks that insisted to keep the rates low on the interest and told the banks to go rape folks and pillage and make those millions knowing it would fail now they slide in low to control em with bail out they should go under the jailhouse for economic devastating calculating lehman stearnes and merrils failing but they re out para sailing with sarah palin