Re: Corrected for inflation, the Federal government is spending more than the amount of the entire WWII debt every single year.
I'm well aware of how the mortgage industry created pretend money. It was aided and abetted by people who were supposed to be the watchdogs.
The only real result of the bailouts was that the crooks were rewarded, the more responsible banks punished, and the same crap is still going on as I write this.
Kill Freddie Mac and Fannie Mae as step one. Without a government-backed repository willing to buy all this crap, maybe a lot of it won't get sold. My new refinance is in that pile now, and I didn't have anything to say about it.