(REPOST) Just Started Reading Shock Doctrine...

[ColbertWatcher]

...and it struck me that perhaps the "Mortgage Crisis™" (or the mishandling of it) is one such instance ripe for GOP "reform".

Can anyone explain the sub-prime loan business and how it might be exploited for maximum GOP benefit?

Thank you!

[robinlynne]

1. I saw jesse jackson on Tavis last night saying that the subprime crisis is

affecting working class people, and not the financial institutions. (my oversimplification, but...)

[ColbertWatcher]

2. True...

...but that doesn't mean it will be used as an excuse to "reform" the laws, just as they did with 9/11 and the PATRIOT Act and New Orleans and schools.

[fenriswolf]

3. its not a GOP advantage

its a corporate advantage. Think about it, someone defaults on a loan the banks are able to forclose on the house. That means they get the house, all the equity in the house and they don't have to pay back whatever has already been paid for it. They loose a bit in the short run because they are no longer collecting a mortgage payment but the gov is pretty good at bailing them out.

With the housing market going down the tubes that means contracting, construction, pest removal, etc anything involved in the upkeep and presentation of a house is going to loose buisness.

When a market plunges buisness plunge too, their total worth starts bottoming. This is when corporations sweep in and offer to buy them. You will notice that major real estate companies are not floundering like the minor ones, they are in fact flourishing. Picking up lost capital by engulfing smaller buisnesses at pennies on the dollar.

Just like the depression this is consumer engineering designed to take down private buisness and establish a corporate controlled environment upon a vertical and horizontal level.

[ColbertWatcher]

4. A corporate advantage IS a GOP advantage...

...Halliburton

Blackwater

Ignite! Learning

Carlyle Group

General Dynamics

Waste Management

Astrive

and many, many more...