More evidence of counterfeit leadership:

Burned Investors Call for Government Bailout 

Bad Policies Led to the Crisis – More Will Make Things Worse

With the recent collapse of IndyMac bank in California and billions in losses at Fannie Mae and Freddie Mac piling on top of the existing subprime mortgage meltdown, financial managers are understandably jittery. The more opportunistic of them are now jockeying for more government money, subsidies and loan guarantees to prop up their failing investment decisions. Many of these “solutions,” however, and exactly want helped precipitate this crisis in the first place.

The policy experts of the Competitive Enterprise Institute have been tracking the credit crunch as it has spread to mortgage lenders, hedge funds, investment banks and government sponsored financial enterprises. They’ve also been weighing in on the proposed solutions, most of which have called for more rules and government power rather than elimination of the perverse incentives which helped cause the problems in the first place. 

We need to phase out government support for Fannie Mae and Freddie Mac.

I used to be in the mortgage business and this just makes blood shoot out of my eyes.  It is one of the reasons I "bailed" out... I tired quickly of the lies and lack of ethics. to make a "quick" buck..an easy game to join in and play.  But there are no winners in that game.. This counterfeit of success is what is destroying this country.  But , individually, we must no bitch and blame!  Accountability starts with you... If you are fat - stop complaining and get that damn bike of the hook in the garage and start riding it !  Even if it is just 100 yards down to the corner, take a deep breathe, rest under the shade  tree and ride back.  That is success !  Don't let me catch you at "Chuck a Rama " with a plate piled high with food, if you are bitching and blaming  others about why you are so fat... If you got a bad mortgage , suck it up you must accept responsibility for signing on the dotted line, cut the fat and live within your means.....!  stop living the counterfeit life and rejoice in the divine and real you.