bearfund

The Crazy Lehman Share Price

icandoitdon writes: "'m not sure that's what bush and his cronys quite meant when they talked about the importance of having an 'ownership society.'"

I can tell you. They're worried about alienation. Alienation is what happens when substantial numbers of citizens start feeling that they have nothing invested in their society, that it needs them more than they need it. Alienation destroys confidence, breeds disorder, and leads to the total and permanent collapse of governments. They believe, correctly or not, that people who hold a mortgaged title to their residence will not be alienated by the government's various actions. Personally, I think they are wrong - by encouraging people to own their homes at artificially high prices and artificially low rates, backed up by a guarantee only as good as the money taken from me at gunpoint, they are actually increasing alienation. But what do I know?