I’m just a girl, and I don’t understand the government, so – please – tell me if I have this straight . . .
The national debt clock now stands at 14 digits.
(For those of you who haven’t had your coffee yet, that’s 10 trillion.)
Banks all over the country have spent the last several years lowering standards to allow home loans to anyone who can sign their name regardless of financial ability.
People of lesser financial ability were granted loans, bought houses, settled in, and now can not chew what they bit off – so the banks – who loaned beyond their means, are now in deep yogurt.
So – the government, who is 10 trillion dollars in debt, is going to bail out the banks?