Ponsy scheme/pyramid scheme

The more they look into this financial debacle the more it resembles a posy or pyramid scheme.
Back in the day of the Clinton administration they more or less used the affirmative action template to get rid of the red list real estate prejudice against people of color, geographical location and or income bracket, the socioeconomically depressed. The problem is that instead of just leveling the playing field, they went over the cliff, as they did with affirmative action. In affirmative action employers were forced to hire people that were not qualified and with this banking scheme they did basically the same. They were giving loans and mortgages to people that had no business owning that much of a high-end house. They were giving home equity loans for people to buy yachts, second houses, vacations, and fancy expensive cars, knowing full well that they neither had the ways nor the means to pay it back. They gave NINJA loans, (No Income, No Job or Assets, NINJA) Then the housing bubble started to deflate because there were way too many houses than there were buyers and the people that owned houses started to face reality, namely that they could ill afford what they had taken on for debt. The housing market started to see foreclosures and from then on in it was a downhill slide all the way. These supposed financiers and capitalists were presumed to be watching out for us, but they watched out for themselves instead. Now we, the tax payers, take the hit again. The CEOs and CFOs, Jim Johnson the CEO of Fannie Mae and Franklin Rains also of Fannie Mae fame got their hundred mil. severance packages and we get Bupkis. Both these guys, by the way, were advisors to Barack Obama till there was just too much controversy over preferential treatment from places like country wide corp. This Barack Obama just can’t seem to keep away from questionable dubious characters. Ok let’s see what we got here. This financial debacle, which can’t rest just on the shoulders of Obama or the Democrats there is plenty of blame to go around however, I must say that most of the people involved are Democrats. I guess that’s what you get when you want to have everyone have everything, and they want more of it? Talk about more of the same if a certain candidate gets in. With McCain they keep up the mantra of more of the same as Bush, but with Obama we will get worse of the same that caused this calamity. There is the deal with Tony Resco, The Jeremiah Wright fiasco, the William Ayers connection, that now we find out is much more involved than what we were first led believe. Add to that Reverend pflager and you have a man that should be so out of the running it’s not funny and still they keep anointing him. This is just the tip of the iceberg. There is the stretching of truth and making up history to suit his own means. My question is this; “how on God’s green earth can anyone in all good conscience vote for someone that has that many problems in his make up?” As I said, what I have stated here is only part of what I see as disqualifiers for presidency of the United States of America. It's just one thing after another and yet people still continue to support him. I must admit I am at a loss here. I have always prided myself as a pragmatic person who tries to look at things objectively, but this has got me. I know there are some things that may not sit well with people about John McCain, but in comparison, there is no comparison. If anyone thinks Bush’s administration gave us problems and over spending, as the saying goes, “YOU AIN’T SEEN NOTH’N YET.” I really try to be objective about this election, however the more I see and research and hear the more I am incredulous that Obama is as high as he is in the race. Now I haven’t even mentioned that Obama’s purported policies will no doubt lead our country further down the road towards recession by raising taxes and socializing more government programs and the economy. His stand on finance will end this country, as we now know it. Even the most catechumen among us should know that to raise taxes in hard economic times is certain disaster. Basic economics dictate that to increase revenue you lower taxes, there by allowing for growth. There is so much that is negative about this guy that I could fill tomes and reams of paper, but for the life of me, I just can’t understand the fascination with Obama.