One of my favorite movies is a dark gangster movie starring Joe Pesci entitled "8 Heads in A Duffel Bag." Pesci, a mob courier is hired to transport the heads of eight murder victims to a mafia boss to prove that the “hits” had in fact taken place. Unfortunately and comically, the duffel bag becomes mixed up with a similar bag of a college student who is off on vacation. Pesci tries to find a way to get the heads back and what follows is a series of misadventures and hilarious incidents, as the heads keep turning up in unlikely locations such as an industrial clothes dryer. Yes, I said it was dark but my kind of humor.
Recalling this movie led me to believe that what with the current state of politics and the financial downturn we are experiencing, it may be time for some additional heads to roll.
Let’s start with all the mortgage executives who encouraged people to take out loans without even verifying their income or resources of the borrowers. People were led down a crimson path somehow believing that their modest incomes would allow them to occupy homes well out of their economic reach. The loans were structured so that the first couple of years were within their income. Once the higher interest rate was triggered, the mortgager usually ended up in default but by then these predator lenders had made their commission and had moved on to other victims. Time for their heads to be placed in a duffel bag!
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Comments
Not a bad idea...
The elite have systematically exported good jobs to Asia, and continue to reduce the purchasing ability of the American consumer, via less-than-inflation raises, gutting of pensions, take-backs from health care plans, and layoffs. All the while, drawing even larger bonuses for the short term (paper) profits. This crash was forseeable, avoidable, and pretty much due to their greed. They deserve to suffer. Rather than kill them, I'd put them and their families out to live under a bridge for a year or two. If there really comes a depression, we'll see class warfare for real.
Also, I support heavy taxes on every industry requiring government bail outs. Clearly, they were unable or unwilling to self-regulate. And let's reinstitute usury limits on interest. That will cut out a lot of the high risk lending.
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