With mortgage lending practices being addressed, will the questionable credit rating system be next?

Question

The financial markets are loaded with such purveyors of fraud and smoke and mirrors, gimmicky schemes, not even a Washington politician understands the system thoroughly - except as an opportunity to grift more money from the trusting American public. Will Bernanke have the foresight and motivation to bring clarity to the full breadth of American financial markets, or will he just sit on the sidelines, letting financial institutions and credit rating companies continue to grift Americans of extra cash as Washington politicos continue to get fat on such banking kickbacks?

Enough US Senators like Phil Gram and ex Presidents like Bill Clinton are forsaking the American financial system to sock away their Washington payouts in shielded foreign offshore accounts at the cost of the US dollar - and US productivity; the US dollar continuing its precipitous decline as our own leaders in Washington show lack of faith in America... Is devaluing America just tomorrows' sandbar tactics today?

Answer 1

Look like everything has to go back to the drawing board.

Start all over again.

With Code of Honour of the Ten Commandments.

Not with "Over my dead body"

The misery on what self independence were all about.

In kicking the butts of God in not worshiping God.

With "My way" without God.

Before time runs out.

John 7.19

What do you think?

Answer 2

May it all Crash and Burn...they Do nothing to Protect the Identifying information of Americans anyway as Fraud and ID theft occurs, While Ruining your Credit.  There Should Be No Bailouts For them using Taxpayer Money either! Americans Can't even get an American Owned Beer anymore to drink their troubles away.  Budweiser was Sold to Brussel Belgium...May they Rot!

Maybe Now Americans will get off their Duffs and Start Businesses and farms Loyal to America.

Answer 3

Good points.

I sincerely hope so- but I doubt it. The projected loss is expected to be 12 trillion.

You ommitted the d**k Cheneys and KBR/Halliburton charging $45 for a can of soda in Iraq, having head offices in Dubai and the Bahamas/Cayman Islands.