Some guys go on vacation and have guest bloggers. My guest blogger is me from the distant past:
"ACORN had been given a compelling incentive, as CRA allowed the organizations to collect a fee from the banks for their services in marketing the loans. The Senate Banking Committee had estimated that, as a result of CRA, $9.5 billion had gone to pay for services and salaries of the organizers."
This from a review of the history of the sub prime disaster. It is a small part but nonetheless surprisingly accepted. This may well be what these candidates mean by spreading the wealth.
Tolerance has become indifference. This huge scandal has blended in with all the discrepancies, outrages and disasters that the democracy metabolizes in its days and weeks. That any culture can blink at such behavior, behavior that strikes at its roots, is compelling evidence for its decline. This bizarre manipulation of finances, demographics and now voting--a huge sweeping effort at social restructuring conjoined with considerable personal gain--is unpleasant only, like bad weather, as people submissively adjust their lives in their passionless economic worlds. We shrug these events off like minor wounds and slog on. At its heart this indifference comes from despair, the despair of the soldier in the trench who knows the decisions that will decide his life have slipped beyond his control and he must survive within the limits applied to him from above, by his superiors. This country has always had a defiant independent quality in its genes; that may be thinned out.
"ACORN had been given a compelling incentive, as CRA allowed the organizations to collect a fee from the banks for their services in marketing the loans. The Senate Banking Committee had estimated that, as a result of CRA, $9.5 billion had gone to pay for services and salaries of the organizers."
This from a review of the history of the sub prime disaster. It is a small part but nonetheless surprisingly accepted. This may well be what these candidates mean by spreading the wealth.
Tolerance has become indifference. This huge scandal has blended in with all the discrepancies, outrages and disasters that the democracy metabolizes in its days and weeks. That any culture can blink at such behavior, behavior that strikes at its roots, is compelling evidence for its decline. This bizarre manipulation of finances, demographics and now voting--a huge sweeping effort at social restructuring conjoined with considerable personal gain--is unpleasant only, like bad weather, as people submissively adjust their lives in their passionless economic worlds. We shrug these events off like minor wounds and slog on. At its heart this indifference comes from despair, the despair of the soldier in the trench who knows the decisions that will decide his life have slipped beyond his control and he must survive within the limits applied to him from above, by his superiors. This country has always had a defiant independent quality in its genes; that may be thinned out.
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