The Illuminati and Simon Says

Simon says, "X is not for everyone."

Simon says:

• Home ownership is NFE
• College is NFE

Simon is entrenched and at the top of the hill. Simon's main job is to play king of the hill. Simon is the have vs the have-nots. Easy to stay on top with a large bankroll. You can survive the draw down and volatility and pay for utility bills and vacations by making 5% yields on your money.

Subprime clients and liar loans played a part in the crisis. Like putting unattended children before a bowl of candy. But the banks were entirely complicit. They took their fees and sold the mortgages off to Fannie and Freddie who were quasi-governmental entities. No need to worry about those bad loans once they are out of your pipeline. When the cat's away the mice will play. SEC is a joke. Likewise Fed, Treasury. No governmental regulation of the securitization of mortgages. Ratings companies not doing their jobs either.

The government may have had no business saying home ownership is for everyone, but Simon, you are showing your bare-naked ass when you proclaim things to be not for everyone.

The worker is worth his keep. And that includes putting the kids through school to get a better life, and keeping a roof over his family's head. A roof that isn't subject to rent increases, fraudulent keeping of deposit money, and the prospect of being homeless within 15-30 days, should the volatility (in employment, investments, costs) be too large for the meager bankroll of those of modest means.