Housing crisis explained so even a drunk can understand !

This is from an email being passed around..... I claim NO credit for writing it..... TOM



Heidi is the proprietor of a bar in Detroit . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.
Heidi keeps track of the drinks consumed on a ledger (thereby granting the customers' loans). Word gets around about Heidi's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit .
By providing her customers freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi's gross sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.
At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets.
Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.
One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.
Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs. Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.
Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Heidi's bar.

Now do you understand?

Progressive Poison

Our country, and our political system have been hijacked by an anti American ideology called “Progressivism”..... A less threatening sounding version of Socialism.... If allowed to go un-checked, and prevented from growing, will destroy the American way of life, and ultimately our Great country ! Progressivism is nothing new in this country, as it has been around since 1912 when President Theodore Roosevelt founded the “Progressive Party” also known as the “Bull-Moose Party”.... There were attempts to revive the movement in 1924, and again in 1948.... Of the 3, The first was the most successful..... Throughout the last 100 or so years, the progressives have gone underground waiting for the right time to re-emerge.... Well, They’re back ! With the election of our new administration as well as the large group of them in the Senate & Congress.... They have “Nationalized” 2 of the “Big Three” auto Co.’s, some of the banking & financial institutions, and some of the Insurance industry.... They are covertly trying to squelch our right to free speech, they are infiltrating our schools in an effort to indoctrinate our children into their way of thinking and they have in a good share of our colleges.... Their ultimate goal is to have total control over every aspect of our lives.... A Dictatorship.... This can NOT be allowed to happen !!!

Introduction.......

First of all, I would like to start out by letting you know I am not a professional writer, nor am I a political expert. My purpose for this blog is to vent my frustrations with Federal, State and local politics as I see them. I am a proud American, Patriot, and believe in true conservative values. I believe in the Constitution, and the Bill of Rights, and believe that our Government should follow both as they are written by or founding fathers ! I will address a range of topics from Global Warming to political candidates, as well as just everyday things that just plain irk me..... ALL topics will be my personal opinions, and based on the facts as I see and interpret them....

I am the average American. Divorced, proud father of 2 teen aged sons. I am self employed, and live in one of the worst states in the union as for as State governments and unemployment go... I ride a Harley, have a few friends, and just enjoy life the best that I can.....