None of it's about you It's about keeping the lie of credit afloat
So they can keep using it to screw you with because of their insatiable greed!
For the better part of 15 years, the U.S. economy roared in part because of innovations in finance that vastly expanded credit to people of all walks of life and worked in the background like a computer's operating software.
Now that software has been hit by a virus, and the computer - the U.S. economy - is at risk of seizing up completely, prompting the emergency measures that the Bush administration announced last week.
What mortgage and consumer finance will look like after those measures are applied is anything but clear. And it's uncertain whether America will return to the days of easy credit to purchase a car, home or go to college.
"It's less about homeowners and keeping people in houses ...and more about getting the lending markets lubricated and stable again," said Rick Sharga, vice president for RealtyTrac, a housing research firm in Irvine, Calif.
Twenty years ago, banks kept a mortgage on
