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	<title>America&#039;s North Shore Journal &#187; lending crisisi</title>
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	<link>http://northshorejournal.org</link>
	<description>An on-line magazine supporting the Ninth Amendment</description>
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		<title>Financial Disaster Coming?</title>
		<link>http://northshorejournal.org/financial-disaster-coming</link>
		<comments>http://northshorejournal.org/financial-disaster-coming#comments</comments>
		<pubDate>Sun, 28 Sep 2008 15:00:53 +0000</pubDate>
		<dc:creator>Chuck Simmins</dc:creator>
				<category><![CDATA[American Economy]]></category>
		<category><![CDATA[Other Bloggers]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[democrat]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Fire Congress]]></category>
		<category><![CDATA[lending crisisi]]></category>
		<category><![CDATA[mortgage crisis]]></category>
		<category><![CDATA[republican]]></category>

		<guid isPermaLink="false">http://northshorejournal.org/?p=8569</guid>
		<description><![CDATA[Read this. Send it to all your friends. Send it to your enemies and even strangers. This is the absolute truth about the Congress. No bull.]]></description>
			<content:encoded><![CDATA[<div class="addthis_toolbox addthis_default_style addthis_" addthis:url='http://northshorejournal.org/financial-disaster-coming' addthis:title='Financial Disaster Coming? ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div><p>Read this. Send it to all your friends. Send it to your enemies and even strangers. This is the absolute truth about the Congress. No bull.</p>
<p><a href="http://wizbangblog.com/content/2008/09/27/dominoes-large-euro-us-banks-on-the-brink.php" target="_blank">Steve Schippert posts</a> at Wizbang:</p>
<blockquote><p>We are witnessing a failure in government. Our Congress cannot work together to provide an immediate fix to a problem it created in the first place: forcing the American financial sector to extend mortgages to those who were high risk borrowers in order to champion to the American people that more minorities own homes than ever. That worked well under a booming economy. But when the natural cycle of economics turned downward, fear dismissed became reality unavoidable. The house of cards came tumbling down.</p>
<p>And even still, amid all the haggling and fighting going on in Congress over how to shore up the financial cash crisis, not a word is mentioned about changing the counter-intuitive practices forced upon mortgage lenders in the first place. In this respect, it&#8217;s not unlike how Congress and the White House chose to address illegal immigration: by trying to deal with those already here first rather than initially addressing the cause: the influx of illegals that continues to flow unabated.</p>
<p>Make no mistake, if we wake to Black Monday this week, the responsibility lies squarely upon Congress and the electorate which has put them there, not our banks. Our banks&#8217; hands were forced by mandates from Washington, not their boardrooms.</p>
<p>And here we are. With a Congress so polarized that they are incapable of working together.</p></blockquote>
<p>We elected them. We pay their salaries. If they mess this up, each and every one ought to be voted out of office in November. Complete turnover. Fire their asses. You and I both know that if we were even half this bad at our own jobs, we would have lost them a long time ago.</p>
<p>Fire Congress!</p>
 <div class=’series_links’> <a href='http://northshorejournal.org/is-this-mortgage-worthless' title='Is This Mortgage Worthless?'>Next in series</a></div><div class=’series_toc’><h3>Table of contents for Fire Congress</h3><ol><li>Financial Disaster Coming?</li><li><a href='http://northshorejournal.org/is-this-mortgage-worthless' title='Is This Mortgage Worthless?'>Is This Mortgage Worthless?</a></li><li><a href='http://northshorejournal.org/emergency-economic-stabilization-act-of-2008' title='Emergency Economic Stabilization Act of 2008'>Emergency Economic Stabilization Act of 2008</a></li><li><a href='http://northshorejournal.org/opposing-the-bailout' title='Opposing the Bailout'>Opposing the Bailout</a></li><li><a href='http://northshorejournal.org/bailout-fails' title='Bailout Fails!'>Bailout Fails!</a></li><li><a href='http://northshorejournal.org/why-do-we-pay-these-people' title='Why Do We Pay These People?'>Why Do We Pay These People?</a></li><li><a href='http://northshorejournal.org/gabby-giffords-to-resign-from-congress' title='Gabby Giffords to Resign from Congress'>Gabby Giffords to Resign from Congress</a></li></ol></div>]]></content:encoded>
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