Who Is Really Behind the Subprime Mess?

Who Is Really Behind the Subprime Mess? You might say to me that this is obvious. And yes, I know the lenders who commited mortgage, banking and lending fraud upon unsuspecting innocent borrowers are really in for it at a federal and state and local level. This is understood. I think there will be borrowers suing lenders for 20 years over this one over one thing or another that harmed them and their families as well as class action suits that might bring down some extremely fraudulent lenders both big and small and "yes" there will be new "Enrons" This time in the loan and mortgage industry. That is a given.

But that is not what I'm talking about. Yesterday, upon hearing about the 14 financial institutions in the United States now under long term investigation by the FBI. On a Global level you can be sure the CIA, DIA and other investigating and spy arms will research relentlessly as well these now Globally suspicious problems . In regard to lending fraud from an individual borrower level to a Global level you are beginning to get what I'm talking about.

Who started all these greedy fraudulent people and companies worldwide down their road to self destruction? Who is behind the idea? It didn't just materialize out of thin air one day. What did these people or corporations or governments have in mind really? That, I think is even more important than prosecuting people. Because I'm beginning to think that that this is a secret attack on the United States and the free world much more potentially deadly than Pearl Harbor and World War II. And if you notice it isn't over. Why isn't it over? All it would take is the government saying, "Freeze all Subprime loans at the teaser rate!" That it isn't being frozen makes me think a real war is going on like in the last Cold War. That is the best I can come up with for you now!

So until ARMS (adjustable rate mortgages)are both frozen at their teaser rates and until ARMS stop being made at all this whole mess will go on for years and drag the now globalized economy down and down and down like water in gasoline making the world economic engine sputter and sputter(until it dies? temporarily?).

And all the people who once owned houses and who are now and in the future bankrupt unnecessarily and in an apartment or homeless with their families,who do you think they will blame for destroying every member of their family's future? This mess has many casualties just like a war and like all victims of war they will find a way to seek revenge upon those who they feel did this to them. It's just human nature and a part of basic human survival. So, I say to you as educated people. Please support the freezing of ALL subprime loans at the lowest entry rate so the backlash of people who lose their homes and life savings and jobs as a result don't become violent. The veneer of civilization is very thin now. Upper class and middle class people should take heed. It's getting very dangerous out there in downtrodden America for the hopeless who have already lost everything. It won't take much to drive them to violence. Take care of these people America. Wake Up!