Saturday, January 02, 2010
Root Cause of America's Financial Crisis: Fat Cats or Fat Rats?
Who's to blame for the bad economy? Is it the fat rats in Wasting-a-ton, D.C. or is it the fat cats in banking and Wall Street? That was the question posed to the Midnight Trucking Radio Network show early this morning.
The fat rats are those in Congress and government agencies or quasi government agencies like Fannie Mae and Freddie Mac who pushed for sub prime housing for those who could not afford them. Senator Chris Dodd and Representative Barney Franks led the initial charge. They were back in 2009 seeking to point their shameful finger of blame at the fat cat bankers for causing the economic collapse. We are indebted to the likes of Dodd and Franks and the fat rats in the federal government for our terrible economy.
Thanks, too, to President and fat rat-in-chief Barry Soetoro, a/k/a Barack Obama for adding fuel to the fire by bailing out the banks and and interfering in the free market and blaming the fat cat bankers, instead his party for the problems it fostered in the first place.