Monday, March 2, 2009

Get it? Got It? Good.

Mr. Jonathan Jarvis, great job! Excellent work!

I just wished you would have come on the scene and delivered this dumbed-down, 6th-grade-reading-comprehension-leveled, ILM-esque, eye-candied, explanation to the horrifically inept American public 7 years ago. Well, now that I think about it, even then you probably would have never saved 90% of us from ourselves - or from Connie de Groot, or from rockstar and SoulGlo connoisseur Tom Adkins, or from "What-artifical-lending-standards-are-you-talking-about?" Mike Norman.

Awesome explanation. Detailed. And disturbing on so many levels.

My only critique: You forgot to include the vital role played by Realtors(R). They provided a sense of false security and false legitimacy to the run up in home values. This cannot be overstated.

Mr. Jarvis, take us to school:

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo

The very idea that American tax payers dollars - money that should otherwise be used to build schools, improve national infrastructure, educate our next generation of taxpayers, and regulate corporate malfeasance - is being used to bail out these greed-driven Gordon Geckos and commission-paid sales people is a travesty. This is a national disgrace.

There have always been market charlatans. Carpetbaggers. Salespersons of magical elixirs, and today realtors. The greatest irony may very be that millions of Joe Sixpack American homedebtors played out their role in the disgusting performance perfectly.

I will close to say only this: We cannot fathom what these developments are going to mean to this country. You are probably hoping that this will all blow over in 6 to 12 months. But I think it wise to consider the alternative and prepare accordingly. The United States of America is no longer a nation of law and order, nor of justice.

Until you start to witness indictments and arrests on all major networks, we should all be afraid.

I hope realtors, mortgage lenders and brokers are satisfied and proud that they played such a prominent role in the destruction of our country as we knew it.

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