LUCKY 13:
1 ON 1 STORY-TELLING with Little Man

NOT THIS TIME; don't give into fear and lies; now is the time for real solutions to a real problems. Republicans and most Democrats led us into Iraq with nothing but a bunch of lies and scare tactics. Those same Republicans and Democrats are lying and trying to scare us again. This time it is a bunch of lies and scare tactics about the economy. Americans of all political leanings must unite and shout out loud, NOT THIS TIME.

We can't stand by and just let this happen again. Two thirds of all Americans believe we went into Iraq without honest discussion about why? Now we are spending $10,000,000,000.00 each month on Iraq. Six years, thousands of lives and immeasurable loss to tens of thousands of our finest men and women in uniform and their families reflect only the most visible consequences of this wrong response to the wrong problem. Please, America, do not stand by and let us again be stampeded into another tragic wrong response to the wrong problem.

You don't need a Ph.D. in economics or a seat on Wall Street to understand what is really going on. Over the past ten years, all efforts to check the excesses of greed on Wall Street were turned back as getting in the way of free enterprise and free markets. The results from this almost total lack of over-sight were huge wind-fall gains in the hundreds of millions of dollars for a few and growing problem for the many.

After squeezing the housing and credit markets dry, the CEOs gathered up their multi-million dollar bonuses and began their exit from the scene of their deeds. They have left quite a mess in their wake. There use to be five "old money" major financial institutions that served as willing hosts over the past decade to the financial wheeling and dealings that supported Wall Street. These "blue-bloods" of Wall Street are now down to only two. These two hold most of the worthless paper we hear so much about. And, make no mistake, it is worthless.

The link to anything real, like homes, or pork bellies or whatever that is tangible, was severed years ago when "derivatives" were created. It is these financial instruments called derivatives that are left and they have no value. What happens if tax payers don't bail-out these two firms that are the financial industries; they will have to write-off their losses. And, begin again.

That still leads the rest of us with some major financial problems of our own. American households are desperate for liquidity... they need CASH. Households are the source of consumer spending that accounts for over 2/3 of GDP. Plans should focus on the quickest ways to get cash into their hands. It worked wonders in the post great depression period and can work wonders now as well.

In summary, don't be frightened into going along with the wrong answer to the wrong problem. Keep our eye on getting help to those who need it the most. It will reward not only our economy but also our souls.

Story, Lies, And Cyberspace...argues that runaway sub-prime lending was one of several "red flags" policymakers might have heeded in advance of the financial crisis. Buyers with questionable credit, and the financial institutions that issued them mortgages, have received a lion's share of blame for the financial crisis, which was presaged by widespread defaults on sub-prime mortgages and a collapse in mortgage-backed securities.

According to the Wall Street Journal, the firms draw a distinction between what they're doing now and what took place during the run-up to the sub-prime crisis. They're requiring higher down payments than banks would, and seem to believe they're lending to borrowers who pose less risk than those who defaulted in large numbers a few years ago. In catering to borrowers with imperfect credit, the firms' behavior is reminiscent of that of Ally Financial, which has been deliberately courting used car buyers with sub-prime loans despite concerns about risk.

Last week, the same newspaper reported that the federal government will likely stop backing mortgage loans above a certain size in October, meaning that come fall, there may be more homeowners seeking "jumbo loans" -- in most cases, a loan above $417,000 -- from private firms.


EXTRA!...EXTRA!... READ ALL ABOUT IT! Little Man lands lead role in new Broadway Musical, Stop the World. As this intrepid reporter, reported here, moments ago...the title role, 'Mr. Little Everyman' has, at last, been cast. And, this most coveted role, goes 2 R own, Little Man.

Quoting Mr. Little Man: "As a wee little boy, I can vividly remember looking skyward and speaking directly 2 the stars. "Oh, starry sky, I so wish to play Mr. little Everyman when I grow up that if my wish ever comes to pass, I shall, ever there after, dedicate my life to speaking up, and giving voice, to the hopes and prayers for everyman (and every woman)".

"Now that, at long last, my wish that long-ago night, has been granted. A Little Man of my word, from this night forward, and for the remainder of my days, every night I shall become Mr. Little Everyman and I shall give voice to the hopes, aspirations...to their very Dreams for hope, peace, love and joy in the world...and, more particularly, to grant equal opportunity for children the world over to cast their dreams into their very own starry sky."

Postscript: And, so it came to pass, that for the rest of his days, Little Man would, as day slipped into darkness, Little Man would become the one voice for all the worlds Little Everyman (and woman, too).
2010

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