Wednesday, September 17, 2008

The Joey Knuckles of Today

In the old days when loan sharks loaned money to you and you defaulted on the loan, they sent Joey Knuckles out with a ball bat to break your kneecaps. If Joey was caught, he went to jail.

The Joey Knuckles have for the most part been replaced today by a group called the Foreclosure Folks. Today when a mortgage company gets you a mortgage you can’t repay, the Foreclosure Folks kneecap you in a new less physical way, they simply take your house away. But when these Foreclosure Folks get caught, they aren’t punished the way Joey was, today they are rewarded with a government bailout to cover their losses.

My how things have changed!

13 Comments:

Blogger fallenmonk said...

Plus they get multimillion dollar "severance" packages. Things have changed but only for the "fat cats". The little guy is still getting the shaft.

September 17, 2008 4:51 AM  
Blogger niCk (Mem Beth) said...

The U.S. gub'ment has demonstarted financial irresponsibility, and these companies are only following their lead.

September 17, 2008 5:11 AM  
Blogger FranIAm said...

I think that this kind of says it all...

September 17, 2008 5:12 AM  
Blogger Distributorcap said...

of course - the idiot fundies still hate the dems because of all the welfare drives cadillacs

September 17, 2008 5:27 AM  
Anonymous Lower Mack said...

our liberal government forces banks to extend credit to uncreditworthy borrowers, then is shocked...shocked! when they default, and bails them out with money taken from people who do not borrow irresponsibly. And you feel sorry for the idiots who lose tier house.
Pay your mortgage, you'll keep your house.....

September 17, 2008 6:36 AM  
Blogger Randal Graves said...

Ahhh. I love the smell of socialism in the morning.

September 17, 2008 6:36 AM  
Blogger Sherry said...

phil gramm, liberal??? gee, news to him i'll bet.

September 17, 2008 7:25 AM  
Blogger Unconventional Conventionist said...

Yep - pretty much only "repo-men" want the current policies to continue.

And isn't that name hyphenated - "Joey Knuckle-Dragger?"

September 17, 2008 7:28 AM  
Blogger robin andrea said...

Now I am part owner of AIG. What a great investment of our taxpayer dollars. I wonder when can I expect to see some dividends. I just love how capitalism works, don't you?

September 17, 2008 7:51 AM  
Blogger dguzman said...

We're all part of the ownership society! I'm feeling really rich now!

September 17, 2008 8:15 AM  
Blogger Dean Wormer said...

At least under the old form of socialism the people at the bottom of the strata got something.

With this new rich people socialism we all get left holding their bag.

September 17, 2008 8:48 AM  
Blogger an average patriot said...

To hell with this mis Government! They bailed them with our money now they own them. That's a deal huh?

September 17, 2008 4:13 PM  
Blogger Spartacus said...

I prefer the brass knuckles myself, but it's amazing how many beat downs this Administration has delivered to regular folk while handing away the store to people who ran their businesses into the ground. Well those failures have a strong supporter in Bush..After all, he's failed at pretty much everything he's ever done, except getting elected.

September 18, 2008 9:39 PM  

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