Talking About ((YouTube)) Foreclosure of A Dream

It’s funny… towards the end of the video (below) they play an old news clip that talks about the S&L crisis. 

Washington has been spreading taxpayers wealth around in Iraq & the Middle East at breakneck speed.  We’re mortgaged to the hilt… and told to “stop whining” about it.  We taxpayers recently wrote a $700 Billion Dollar check and (if i’m not mistaking) that is spreading the wealth.  We’re going to need three more America’s to pay back what we owe China.  Will the national debt ever be repaid?  Will the SPP & Amero crush the US dollar?  If so, when do you think we’ll hear about it? 

((at 4:35 on the video)) “Taxpayers are up in arms with the proposed bailout of Lincoln Savings and Loan. The failure of the institution resulted in a $2.6 Billion Dollar Loss all left in the lap of the American people”.  Lincoln Savings and Loan collapsed in 1989, at a cost of over $3 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings.

Ain’t that some s***… sound familiar?  The sad part is that these guys (Keating, Milken, et al) targeted seniors with their toxic poison.   

Quote:  “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”  – Thomas Jefferson

YouTube – Megadeth – Foreclosure of A Dream
                    

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2 thoughts on “Talking About ((YouTube)) Foreclosure of A Dream

  1. The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 747 savings and loan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1
    billion, about $124.6 billion of which was directly paid for by the
    U.S. government—that is, the U.S. taxpayer, either directly or through
    charges on their savings and loan accounts[1]—which contributed to the large budget deficits of the early 1990s.
    The concomitant slowdown in the finance industry and the real estate
    market may have been a contributing cause of the 1990–1991 economic recession.
    Between 1986 and 1991, the number of new homes constructed per year
    dropped from 1.8 million to 1 million, the lowest rate since World War II. [2]http://en.wikipedia.org/wiki/Savings_and_loan_crisis

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